Latest finance news – Page 460
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NewsCold weather hits Wickes as like-for-likes slump 6.1%
Travis Perkins’ consumer arm, which largely comprises Wickes, experienced a 6.1% decline in like-for-like sales for the four months to April 30.
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NewsDixons in 'best shape' as it gains market share from collapsed Comet
Dixons Retail is in the “best position it has been in for many years” following market share gains after the collapse of rival electricals retailer Comet last year.
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CP All reports first-quarter revenue increase
CP All has reported first-quarter revenue of Bt52.9bn (£1.16bn), up 18.4% as a result of 7-Eleven store expansion in Thailand, growth in average same-store sales and an increase in other operating income.During the quarter 219 new 7-Eleven convenience stores were opened, passing the milestone of 7,000 stores in Thailand at ...
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NewsBoots full year profits soar despite sales fall
Alliance Boots has reported a 6.1% increase in trading profit to £1.27bn despite a 2.6% fall in revenue to £22.4bn during what executive chairman Stefano Pessina dubbed a “transformational year”.
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NewsFrench Connection like-for-likes improve in first 15 weeks of year
Trading at French Connection’s difficult UK and Europe retail business has improved as the retailer recorded flat like-for-like sales in the 15-weeks to May 11, 2013.
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Rakuten records net revenue increase
Rakuten recorded a 15.3% increase in net revenue to ¥68.67bn (£439.2m) for its first quarter ended March 31.Net profit at the Japanese ecommerce group rose 6.8% to ¥15.73bn (£100.6m).Results were driven by a 14.5% increase in general merchandise sales at Rakuten Ichiba in Japan and 29.6% growth from Rakuten’s international ...
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Foot Locker to acquire German athletic retailer Runners Point
Foot Locker is to acquire German athletic retailer Runners Point for e72m (£60.8m).Runners Point operates Sidestep and eponymous stores, as well as online subsidiary Tredex.The deal is subject to review by German competition authorities.Its stores are predominantly in Germany, although the retailer also has outlets in the Netherlands, Austria and ...
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NewsOcado insists acquisition by Morrisons is not on the cards
Ocado has restated that it is not up for sale to Morrisons as it holds talks about partnering with the grocer to develop its online business.
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Dubai-based Majid Al Futtaim in talks to buy Metro
Dubai-based Majid Al Futtaim (MAF) is in advanced talks to buy Metro, one of Egypt’s largest retailers, from the family owned Mansour Group. A due diligence process for the purchase of the Metro chain and discount grocery banner Kheir Zaman has been concluded.MAF operates five Carrefour hypermarkets and seven Carrefour ...
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OfficeMax comes under fire over merger deal with Office Depot
OfficeMax has come under fire from an investor over its merger deal with Office Depot. Shareholder Eric Hollander has sued the retailer’s directors - including the chief executive and chairman - while seeking to block the deal. He called the proposed $1.2bn (£771.4m) all-stock deal “grossly inadequate”.Under the terms of ...
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NewsMidcounties annual profits rise as like-for-likes edged up 1%
The Midcounties Co-operative has reported a £1.3m increase in group operating profits to £19m in the year to January 29.
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NewsSuperGroup like-for-likes up 5% in fourth quarter as it hits expansion trail
SuperGroup sales soared 15.3% over its fourth quarter and retail like-for-likes advanced 5% as it prepares to start a store opening spree.
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NewsWaitrose shrugs off southern image as northern sales outpace south
Grocer Waitrose steals market share from rivals as its northern stores perform better than southern shops.
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NewsMorrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
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NewsFrench Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
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NewsNext sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
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Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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NewsPoundland owner Warburg Pincus mulls float or sale
Poundland is being readied for a sale or float by its private equity owner Warburg Pincus, it is understood
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NewsHouse of Fraser eyed by Qataris in deal valuing it at £300m
House of Fraser could be acquired by the Qataris in a £300m deal that would reunite the department store group with Harrods.
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NewsCompany profile: ScS
The introduction of carpets has helped drive revenue at the Sunderland-based sofa retailer.