Latest finance news – Page 278
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NewsToday in retail: Can Zalando take on Asos in the UK?
As Zalando continues to add to its proverbial armoury, the German etailer is marching ever closer to a frontline battle with its main fashion rival in the UK, Asos.
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NewsOak Furniture Land profits jump as it targets US market
Oak Furniture Land’s profits and sales advanced last year as the furniture retailer made its US debut.
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NewsJohn Lewis sales edge up in final week of summer Sale
John Lewis department store sales jumped 4% to £86.4m last week, during the final seven days of its summer Clearance event.
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NewsZalando sales rise as it launches membership scheme
Zalando has posted surging half-year sales and launched a new premium membership scheme in its native Germany.
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NewsToday in retail: Conviviality’s Hunter becomes the hunted
Conviviality is toasting a landmark year under its boss Diana Hunter, after sales and profits fizzed during what it called a “transformational” year.
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NewsConviviality posts surge in sales and profits
Conviviality, the drinks specialist, has reported profit before tax up 147% to £22.5m after a “transformational year”.
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NewsJack Wills back in the black after cutting promotions
Fashion retailer Jack Wills has returned to profit after making efficiencies and cutting promotions.
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NewsGovernment to base business rate rises on CPI inflation
The Government has promised to base future business rates on the CPI measure of inflation, which is expected to benefit many businesses including retailers.
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NewsDixons Carphone disposes of Spanish business for €55m
Dixons Carphone has agreed to dispose of its entire holdings in The Phone House Spain for €55m (£48.4m).
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NewsAgenda: Mike Ashley’s Sports Direct updates the market
Retail Week looks ahead to the next seven days, with an update from the beleagured Mike Ashley’s Sports Direct on the agenda.
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NewsBurberry shareholders revolt over Bailey’s pay
Burberry shareholders have rebelled over the high pay of executives, with almost one third of investors refusing to back the proposed wage packets.
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NewsBreakfast briefing: Topshop and pension regulator
Retail news round-up: Topshop and Topman record increase in profits, and The Pensions Regulator gets power to avoid BHS-type scandals
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NewsN Brown suffers £40m setback over insurance products
N Brown has warned it will incur up to £40m in exceptional costs this year after unearthing “flaws” in general insurance products it previously sold.
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NewsAsos sales spike as it ploughs investment into tech
Asos has posted a jump in third-quarter sales, bolstered by a leap in its active customer and total order numbers.
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NewsSport Direct’s Mike Ashley snaps up 25% stake in Game
Mike Ashley has added to the list of retailers he has invested in and swooped on a 25.75% stake in struggling retailer Game.
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NewsBreakfast briefing: Missguided, Sports Direct and more
Retail news round-up: Missguided's financial boss quits; Mike Ashley acquires 25% stake in Game Digital; and Aldi and Lidl offer lowest prices on school uniforms.
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NewsToday in retail: Is B&M set for a Brexit bonanza?
After unveiling rocketing first-quarter sales, B&M boss Simon Arora reaffirmed his belief that the impact of Brexit on the economy would attract new customers.
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NewsEve Sleep expands tie-up with Next Home as sales rise
Eve Sleep, which floated two months ago, has unveiled a major expansion of its partnership with Next Home and strong sales growth.
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NewsTesco-Booker deal to face in-depth competition probe
Tesco’s proposed tie-up with wholesaler Booker is to be subjected to an in-depth probe by the Competition and Markets Authority (CMA).
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NewsBurberry sales creep up as Asia Pacific rallies
Burberry’s sales have crept up during its first quarter, boosted by an improvement in its tricky Asia Pacific market.