Latest finance news – Page 288
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NewsSpar sales boosted by new retailer members and stores
Spar has reported an 8.5% increase in UK sales to £2.84bn in 2016, as new retailer members joined the c-store group.
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NewsBreakfast briefing: Retail Acquisitions, The Hut Group and more
Retail news round-up: Retail Aquisitions declared inslovent, and The Hut Group in talks to buy UK2 and Spar records surge in sales.
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NewsToday in retail: Inflation, Retail 2020 and Asos fire
Today, as the British Retail Consortium (BRC) laid out its vision for the future of work and jobs in the sector, the latest Office for National Statistics inflation figures brought potentially bad news for retailers.
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NewsInflation rises to highest level since September 2013
The UK’s inflation rate rose to its highest level since September 2013 last month, driven by higher air fares and increasing clothing prices.
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NewsToday in retail: Buyers wake up to Dream acquisition
Dreams has drawn interest from Chinese buyers in the first round of bids for the business, which was put up for sale in January.
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NewsSports Direct staff agency Transline nears rescue deal
Transline, the employment agency embroiled in Sports Direct’s warehouse scandal, is approaching a rescue deal with Assist Resourcing.
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NewsDreams bidders bed in on £400m takeover deal
Dreams has piqued the interest of rival Chinese mattress-makers and UK giant Silent Night in the first round of bids for the business.
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NewsAmara is sitting pretty as home etailer narrows losses
Home furnishings etailer Amara narrowed its losses last year as it made strides to conquer new territories overseas, Retail Week can reveal.
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NewsBreakfast briefing: Dreams, Net-a-Porter and more
Retail news round-up: Dreams £400m takeover on the cards, Net-a-Porter appoints new global buying director, and Amazon customers get refund without returning items.
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NewsHillarys blinds sold to Hunter Douglas in £300m deal
Hillarys, the maker and seller of made-to-measure blinds and floorings, has been sold to Dutch retailer Hunter Douglas in a deal worth £300m.
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NewsIcandy enters administration, putting 79 jobs at risk
Gifting retailer Icandy has entered administration and shuttered four of its 14 outlets as it seeks a buyer.
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NewsMothercare chief financial officer resigns
Mothercare finance boss and executive director Richard Smothers has given notice and will leave the specialist retailer next year.
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NewsSupergroup full-year sales jump bolstered by weak pound
Supergroup posted a leap in its full-year like-for-like sales, a third of which the retailer said could be attributed to currency fluctuations.
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NewsToday in retail: Election brings new profit threat
As the general election gets under way retailers face the possibility of yet more pressure on profits.
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NewsAbercrombie & Fitch hires bankers amid takeover interest
Abercrombie & Fitch has drafted in an investment bank amid acquisition interest from retail rivals.
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NewsBHS: Lobby group demands new rules for private firms
The Institute of Directors (IoD) has called for new governance rules for large private companies to avoid a repeat of the BHS pensions scandal.
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NewsGear4music profits and sales soar in harmonious year
Musical instrument and equipment etailer Gear4music unveiled bumper profit and sales growth in its second full year since it floated on AIM.
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NewsOpinion: Norman and Rowe could be the M&S dream team
Marks & Spencer’s appointment of Archie Norman as chairman, starting in September, was great news.
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NewsJohn Lewis books £36m charge over wage regulations
The John Lewis Partnership has made a provision of £36m to cover potential costs of national minimum wage regulations.
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NewsZalando’s sales rocket in its first quarter
Zalando sales rocketed during its first quarter, driven by European growth outside its home market of Germany.