Latest finance news – Page 260
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NewsRetail administrations skyrocket to five-year high
The rate of retail insolvencies increased in 2017, driven by a dramatic uplift in the number of administrations from larger retailers.
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NewsNew Look under pressure as supplier insurance cover cut
New Look has been dealt a fresh blow as a credit insurer has stopped selling its suppliers cover against insolvency.
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NewsMothercare warns on profits as like-for-likes tumble
Mothercare has become the second major retailer to issue a profit warning in its festive update, following Debenhams’ lead last week.
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NewsAgenda: Festive updates from 18 major retailers
Retail Week looks ahead to the next seven days, with festive updates from 18 major retailers on the agenda.
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NewsOffice defies 'tough' market as profits improve
Office has hailed an improvement in full-year profitability despite “tough” trading conditions in the UK market.
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NewsGear4Music sales spike during golden quarter
Gear4Music has registered a spike in sales during the golden quarter as its proposition struck a chord with a growing number of customers.
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NewsSteinhoff loses another executive as finance boss exits
Steinhoff’s finance boss has become the latest executive to step down from the embattled business in the wake of its accounting scandal.
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NewsJigsaw Christmas sales rise driven by online
Jigsaw has reported a healthy boost in Christmas sales as it continued to shun Black Friday.
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NewsAldi Christmas sales soar as it ups store staff pay
Aldi has recorded surging Christmas sales, pushing the discounter over the £10bn total sales mark in the UK and Ireland for the first time.
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NewsDebenhams warns on profits as Christmas sales fall
Debenhams’ Christmas like-for-like sales dropped despite increased promotional activity in what boss Sergio Bucher called a “challenging” period.
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NewsMountain Warehouse records Christmas sales hike
Mountain Warehouse has recorded a dizzying ascent in Christmas sales driven by strong international demand, Retail Week can reveal.
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NewsPoundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
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NewsNisa Christmas sales rise driven by store expansion
Nisa has delivered strong Christmas sales bolstered by aggressive expansion, demand for fresh food products and healthy like-for-like growth.
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NewsCo-op Christmas sales jump ahead of 'challenging' year
The Co-op has hailed its “best Christmas ever” after its core convenience business registered a spike in sales during the festive season.
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NewsJohn Lewis unveils bumper last-minute Christmas sales
John Lewis enjoyed bumper sales in the pivotal seven days before Christmas, with the retailer hailing its “biggest ever week” in fashion.
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NewsChristmas sales soar at plus-size retailer Scarlett & Jo
ScarlettandJo.com, the pureplay specialising in plus-size fashion, notched up a like-for-like sales rise of 61% over the peak period.
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NewsNext ups profit guidance despite retail sales dive
Next has marginally increased its profit guidance despite falling retail sales in the run-up to Christmas.
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NewsWhistles losses shrink but sales remain flat
Whistles has reported shrinking losses on flat sales during its first year under new ownership.
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NewsM&S sells Hong Kong and Macau business to Al-Futtaim
Marks & Spencer has sold its 27-store business in Hong Kong and Macau to franchise partner Al-Futtaim.
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NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.