Latest finance news – Page 451
-
NewsDebenhams like-for-likes up 2% as online sales soar
Debenhams’ like-for-like sales jumped 2% in the 52 weeks to August 31 as it gained market share and grew its online business.
-
NewsThe Garden Centre Group acquires rival specialist
The Garden Centre Group (TGCG) has acquired The Garden & Leisure Group from French garden centre group Louis Delhaize.
-
NewsThe Hut records strong first half profit growth
The Hut has reported strong growth in first half profits after sales increased more than 30% year on year.
-
NewsFrench Connection losses before tax narrow to £6.1m
French Connection has revealed narrowed losses before tax of £6.1m in its half year to July 31.
-
NewsDunelm poised to launch first national TV ad as part of £3m marketing overhaul
Homewares retailer Dunelm is poised to launch its first national TV ad campaign as part of a £3m marketing overhaul which will see it dropping ‘Mill’ from its branding.
-
NewsProfits fall at The Works as investment is made online
Discount books and stationery retailer The Works has revealed a decline in full-year profits and a rise in sales as it invested in its multichannel offer.
-
NewsDunelm pre-tax profits up 12.3% with multichannel growth up 80%
Homewares retailer Dunelm has reported pre-tax profit up 12.3% to £108.1m for the year to June 29, and saw multichannel growth up 80%.
-
NewsOcado sales surge 16.4% in third quarter
Ocado sales surged 16.4% to £189.2m in its third quarter as order numbers increased.
-
NewsHobbycraft ramps up ecommerce as sales rise
Hobbycraft is stepping up its multichannel strategy after investment in improved ecommerce capabilities.
-
NewsMorrisons first half pre-tax profits plunge as like-for-likes dip
Morrisons pre-tax profit plunged 22.1% to £344m in its first half as the grocer invested in reducing pricing, increased marketing and entering new channels.
-
NewsMorrisons takes the axe to investment in supermarkets
Morrisons is to slow the pace of new supermarket openings in another sign that the race for big grocery store space is over.
-
NewsNext first-half profits jump as it cuts markdown sales
Next’s pre-tax profit rose 8.2% to £271.8m in its first half to July 27 as markdown sales reduced by 13%.
-
NewsB&Q mulls Tesco-style investments to fill bigger stores
B&Q is mulling emulating Tesco’s strategy of investing in complementary businesses to fill its bigger retail stores.
-
NewsSports Direct retail gross profit soars 20.3% in first quarter
Sports Direct retail gross profit increased 20.3% to £215.6m in its first quarter as retail sales jumped 14.5% to £505.3m.
-
NewsB&Q owner Kingfisher first-half profits dip 1.4% in UK and Ireland
Kingfisher UK and Ireland retail profit dipped 1.4% in its first half as adjusted pre-tax profits across the group fell 1.6% to £365m.
-
NewsThorntons full-year profits rise as commercial sales increase
Profits rose at Thorntons last year as the chocolatier revamped its model and increased sales to the grocers.
-
NewsTesco sells US grocery business Fresh & Easy
Tesco has agreed to sell its US grocery chain Fresh & Easy to investment firm Yucaipa.
-
NewsPrimark owner raises profit forecasts after strong summer
Primark owner Associated British Foods (ABF) has raised its second-half profit expectations after strong summer sales at the fashion retailer.
-
NewsAppliances Online owner DRL steps up flotation plans
AO.com owner DRL is a step closer to listing on the London Stock Exchange after taking on advisers and lining up banks to complete the deal.
-
NewsHome shopping specialist Damartex acquires Coopers of Stortford
Home shopping specialist Damartex has acquired home and garden retailer Coopers of Stortford for £25m.