Latest finance news – Page 296
-
NewsBreakfast briefing: high street footfall, Next and more
Retail news round-up: Footfall on UK high street declines, and Next may report drop in profit
-
NewsEdinburgh Woollen Mill new ‘frontrunner’ to buy Jaeger
Edinburgh Woollen Mill owner Philip Day has emerged as the frontrunner to acquire Jaeger, according to reports.
-
NewsHouse of Fraser to cull brands and relaunch website
House of Fraser is cutting the number of brands it sells as part of a strategic overhaul under its Chinese owners.
-
NewsToday in Retail: What’s eating core sales at Sainsbury’s?
Today’s update from Sainsbury’s suggests the grocery giant has been buoyed over the last nine weeks by a 4.3% spike in like-for-likes at Argos and a 5% sales jump within fashion brand Tu.
-
NewsKurt Geiger and Endless eye up Jones Bootmaker deal
Footwear retailer Kurt Geiger and turnaround specialist Endless are among potential buyers of embattled Jones Bootmaker, it is understood.
-
NewsArgos outshines parent Sainsbury’s in fourth quarter
Grocery and general merchandise giant Sainsbury’s generated a like-for-like sales rise of 0.3% in the fourth quarter, including the contribution from Argos.
-
NewsBrantano joins Jones on brink of administration
Brantano has followed sister retailer Jones Bootmaker by filing an intent to appoint an administrator, Retail Week has learned.
-
NewsLush profits soar as it eyes overseas growth post-Brexit
Lush reported a leap in its full-year sales and profits as it looks for “other options for growth outside the UK” following Brexit.
-
NewsAshley's Sports Direct ups interest in Debenhams
Mike Ashley-owned retailer Sports Direct has raised its bet on Debenhams again, taking its interest in the department store retailer to more than 11%.
-
NewsZara owner Inditex unveils profit and sales jump
Zara owner Inditex said full-year profits jumped 10% to €3.16bn as its multi-brand proposition continued to attract shoppers from around the globe.
-
NewsBreakfast briefing: Sports Direct, Scottish retail sales and more
Retail news round-up: Sports Direct increases its bet on Debenhams, retail sales in Scotland decline, Bunnings to launch transactional website in UK
-
NewsJones Bootmaker files intention to appoint administrators
Jones Bootmaker has filed a notice of intention to appoint an administrator, Retail Week can reveal.
-
NewsToday in Retail: Shareholders suffer French disconnection
Another day, another call for drastic change at embattled fashion business French Connection from some of its biggest shareholders.
-
NewsFrench Connection investors call for business to be split
A group of French Connection’s biggest investors have called for the business to be broken up after it suffered a fifth consecutive year of losses.
-
NewsFrench Connection losses narrow despite falling sales
French Connection full-year losses recorded an uplift, but the fashion chain’s sales fell across both its retail and wholesale divisions.
-
NewsOcado sales jump driven by increased order frequency
Ocado reported a leap in its first-quarter sales despite a dip in its average order value as customers chose to spend less more often.
-
NewsToday in Retail: Asda gives staff choice on contracts
Asda was in somewhat self-deprecating mood today as it unveiled details of a new contract offer being made to its shop floor staff.
-
NewsBlue Inc landlords brand CVA 'stay of execution'
Blue Inc’s landlords have rubbished the struggling menswear retailer’s attempts to stay afloat by undergoing the second CVA in a year.
-
NewsToday in Retail: Storm clouds gather over Blue Inc
With John Lewis Partnership’s warning of the “increasingly uncertain market” ringing in retailers’ ears, today the industry was served another note of caution.
-
NewsBlue Inc seeks rescue deal through CVA
Fashion retailer Blue Inc is seeking to cut its rent and debts as part of a rescue deal.