Latest finance news – Page 457
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NewsDFS profit up 8.5% to £48.3m in first nine months of year
Furniture retailer DFS has reported EBITDA growth of 8.5% to £48.3m in the nine months to April 27, after opening eight stores this year.
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NewsThe Hut acquires the brand of premium fashion indie Coggles
Online retailer The Hut Group has acquired the online assets of premium fashion independent Coggles, which collapsed into administration in May, for an undisclosed sum.
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NewsHouse of Fraser like-for-likes up 4.8% driven by online sales surge
House of Fraser’s surging online sales drove a like-for-like increase across the business of 4.8% in the first quarter, according to figures leaked to Retail Week.
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NewsOnline retail tax would stunt business growth, etailers warn
A tax for online retailers would be a “barrier to entrepreneurship” in the UK, the Treasury has been warned by the founders of online retailer Sofa.com.
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NewsMajestic Wine toasts rise in profits despite sales dip
Drinks specialist Majestic Wine has posted a profits rise despite a sales fall last year.
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NewsThe Hut moves into the black as sales surge 30% last year
Online retailer The Hut has moved into the black at pre-tax level after making operational improvements and shifting out of low margin categories.
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NewsMothercare's former boss Ben Gordon takes home £5m in shares and pay
Mothercare’s former boss Ben Gordon walked away from the maternity retailer with more than £5m after share schemes vested.
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NewsOriginal Factory Shop profits surge as new boss prepares to take reins
The Original Factory Shop has achieved a 30% surge in EBITDA as outgoing boss Angela Spindler prepares to hand the baton over to former Woolworths boss Tony Page.
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NewsAnalysis: Premium fashion retailer LK Bennett plans overseas expansion
The regular endorsement of one of the world’s most famous women has helped keep British premium womenswear retailer LK Bennett in good shape.
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NewsLaura Ashley reveals 0.6% like-for-like slip as fashion struggles
Laura Ashley has recorded a 0.6% slip in like-for-like sales in the 18 weeks to June 1 as its fashion offer struggled.
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NewsSainsbury's growth driven solely by own brand, says King
Sainsbury’s has said that own-brand sales are driving its business and are a key strength in its fight against rivals.
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NewsHMV owner Hilco acquires Irish DVD rental chain Xtravision
HMV owner Hilco has bought Irish DVD rental chain Xtravision out of receivership, which could save its 130 stores.
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NewsSainsbury’s posts ‘solid’ 0.8% like-for-like rise in first quarter
Sainsbury’s recorded a “solid” 0.8% rise in like-for-like sales in the first quarter to June 8 amid a challenging market.
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NewsFootwear retailer Schuh pre-tax profits soar as it grows store estate
Footwear retailer Schuh’s pre-tax profits soared to £25.6m in its year to February 2 as its store estate approaches 100 shops.
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NewsDepartment store Beales chairman Keith Edelman steps down
Beales chairman Keith Edelman has stepped down from the struggling department store after five years in the role.
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NewsIceland posts profit rise after strong second half performance
Iceland has notched up a profits rise after staff responded to a rallying cry from bosses when it seemed earnings could slip back.
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NewsAnalysis: French Connection’s turnaround plan is looking positive
The latest results from beleaguered fashion retailer French Connection might not exactly have merited a toast among shareholders last month, but there were probably sighs of relief.
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NewsM&S boss Bolland misses out on potential bonus
Marks & Spencer chief executive Marc Bolland missed out on more than half of his potential annual bonus last year but his reward package still totalled £2.14m.
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NewsSainsbury's chief executive Justin King's pay package jumps 23%
Sainsbury’s chief executive Justin King’s pay package jumped more than 20% last year to £4.3m.
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NewsEtailer Kitbag to launch overseas to target foreign football fans
Findel is to expand its online sportwear etailer Kitbag overseas amid surging demand from foreign football fans.