Latest finance news – Page 291
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NewsCarpetright sales rise in 'tougher market conditions'
Carpetright posted a boost in its fourth quarter like-for-like sales across its UK and European stores despite a challenging trading environment.
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NewsWeird Fish in secondary management buy-out
The management of clothing retailer Weird Fish has led a secondary management buy-out from investment firm Piper.
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NewsConsumer confidence falls as cost pressures mount
Consumer confidence fell by one percentage point in the first quarter of 2017, as rising inflation and slowing wage growth bit.
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NewsWoolworths could make comeback under ex-boss
A former Woolworths managing director hopes to revive the famous retail name and launch it again on high streets almost 10 years after its collapse.
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NewsToday in retail: Mike Ashley’s quest to break America
Sports Direct’s confirmation that it’s set to acquire Eastern Outfitters is the opening chapter of an adventure that Mike Ashley is keen to embark on.
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NewsSports Direct snaps up US chain for market assault
Sports Direct has confirmed that it is set to acquire some assets of a US sports and outdoor retailer, giving it a springboard to enter the American market.
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NewsCard Factory poaches Edinburgh Woollen Mill finance boss
Card Factory has announced new chief financial officer Kristian Lee, who held the same role at Edinburgh Woollen Mill for the past five years.
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NewsDebenhams profits fall as it unveils new strategy
Debenhams has posted a drop in pre-tax profits as new boss Sergio Bucher unveiled a digitally focused strategy to “define clearly what Debenhams stands for.”
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NewsPrimark profits rise amid warning over margins
Primark has posted a jump in profits and sales during its first half as new store openings boosted revenues.
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NewsTesco offloads opticians business to Vision Express
Tesco has sold its opticians business to Vision Express as the grocer continues a drive to “simplify its business.”
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NewsBurberry retail sales rise driven by UK performance
Burberry has registered a jump in retail sales during its second half, driven by the “exceptional performance” of its UK business.
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NewsBonmarché profits on track despite like-for-likes slump
Bonmarché expects full-year profits to meet expectations despite suffering a slump in like-for-like sales in its stores.
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NewsNext boss Wolfson's pay slashed after fall in profits
Next boss Lord Wolfson’s pay package was more than halved after the fashion giant suffered declining profits for the first time in eight years.
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NewsJaeger swings axe on stores and head office jobs
Jaeger’s administrators have swung the axe on the collapsed retailer’s “financially unviable” stores in a move that will result in more than 200 job losses.
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NewsB&Q boss Michael Loeve to leave after two years in role
B&Q chief executive Michael Loeve is to step down after almost two years at the helm of the DIY chain, Retail Week can reveal.
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NewsHouse of Fraser to reveal new boss by end of the month
House of Fraser will reveal its new chief executive by the end of this month, following the resignation of Nigel Oddy last October.
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NewsHouse of Fraser reports full-year profits rise
House of Fraser more than doubled its pre-tax profits last year to £3.4m from £1.3m.
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NewsTesco business rates bill to fall by more than £100m
Tesco is to benefit by £105m from lower business rates over five years, according to a study by rents and rates specialist CVS.
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NewsSports Direct snaps up two US outdoor goods retailers
Sports Direct has bagged two US outdoor chains after making a debt purchase and loan.
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NewsQuiz eyes £200m float as founding family seeks payday
Fashion retailer Quiz is considering a £200m stock market listing.