Latest finance news – Page 339
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NewsHarveys owner Steinhoff UK profits jump 32% after online sales boost
Steinhoff UK - the owner of Harveys and Bensons for Beds - has recorded a 32% jump in annual profits after investment in its online offering bore fruit.
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NewsPoundland boss positive on ecommerce but admits sharp learning curve
Poundland boss Jim McCarthy has claimed its ecommerce site has a “good future”, but admitted there is still work to do to make it the “finished article”.
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NewsJD Sports profits and like-for-likes surge: what the analysts say
JD Sports posted a strong increase in its full-year earnings and sales driven by its sports fashion business. Here’s the City’s reaction.
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NewsBurberry warns next year's profits will be at bottom of City expectations
Burberry like-for-likes fell owing to plummeting sales in Hong Kong, which the retailer attributed to an ongoing decline in domestic tourism.
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NewsPoundland close to conversion of 99p Stores but posts like-for-like fall
Poundland like-for-likes dropped but boss Jim McCarthy has hailed a “transformative year” as 99p Stores conversions are set to be completed this month.
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NewsMothercare UK sales advance but overseas revenues slump in tough conditions
Mothercare has reported a sales improvement at its core UK business but overseas trading has been challenging.
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NewsJD Sports celebrates jump in profits as it targets further growth
JD Sports has posted a healthy rise in full-year earnings and is confident of continued momentum helped by growth in Europe.
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NewsDebenhams posts profits rise as chief executive Sharp prepares to bow out
Department store group Debenhams has posted a rise in first-half earnings as strategic initiatives bore fruit.
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NewsBreakfast briefing: Retail news on Ann Summers and Tesco
Retail round-up on April 14, 2016: Ann Summers Ireland returns to full-year profit, and Tesco set to hand every staff member a bonus.
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NewsHalfords fourth-quarter sales rise: What the analysts say
Halfords earlier today posted a 2.6% rise in fourth-quarter like-for-likes as bike sales increased for a second consecutive quarter.
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NewsReiss agrees majority stake sale to private equity group Warburg Pincus
Reiss is planning significant expansion as its owner has agreed to sell a majority stake to private equity group Warburg Pincus.
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NewsHouse of Fraser posts pre-tax profit for first time since 2006
House of Fraser has reported a return to profit for the first time in a decade, as online sales jumped by more than a quarter.
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NewsTesco boss Lewis insists ‘the job is not done’ despite sales growth
Tesco boss Dave Lewis has insisted that the grocer’s job is far from done as he continues his bid to transform the business.
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NewsWHSmith half-year profits up 11% as travel sales offset flat high street
WHSmith has posted an 11% jump in half-year profits as the business reported a strong performance from its travel division.
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NewsHalfords sales rise 2.6% in fourth quarter as full-year profits on track
Halfords has posted a healthy rise in fourth-quarter like-for-likes as sales of bikes rose for a second consecutive quarter.
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NewsTesco back in the black as UK like-for-likes return to growth
Tesco has reported its first rise in quarterly UK like-for-likes in three years and is back in the black for its full year.
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NewsBreakfast briefing: Retail news on Fnac and UK inflation
Retail round-up on April 13, 2016: Vivendi agrees to acquire 15% stake in Darty suitor Fnac and The Consumer Price Index edges up 0.5% in March.
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NewsScS boss bids to strengthen concessions to attract ‘aspirational’ shoppers
ScS boss David Knight insists its tie-up with House of Fraser has attracted a “more aspirational” customer and wants to strengthen its concession offer.
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NewsSofology full-year losses narrow as like-for-likes jump 21%
Sofology – the furniture retailer formerly known as Sofaworks – has reduced its full-year pre-tax losses after a healthy rise in sales.
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NewsInfographic: John Lewis boosted by strong textiles and furniture sales
John Lewis posted a 15.1% jump in sales last week as its textiles and furniture categories enjoyed a “particularly strong” spring.