Latest finance news – Page 489
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NewsJJB Sports calls for 'accelerated' funding
Embattled sports retailer JJB Sports said it needs funding more quickly than expected to tackle the tough trading conditions and is in discussions with its “strategic partners” about raising capital to fund its turnaround.
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NewsMothercare UK like-for-likes drop 6.7% in first quarter
Mothercare UK like-for-likes dropped 6.7% in its first quarter, which chairman Alan Parker said was in line with its expectations.
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NewsHalfords boss Wild exits as it warns on profits
Halfords chief executive David Wild has exited the retailer as it warned on profits following a weak first quarter.
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NewsPrimark lifted by German expansion
Value fashion retailer Primark’s expanding German business is ex-pected to drive “significant growth” after its most successful store opening ever in Berlin last week.
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NewsEthel Austin collapses into administration
Ethel Austin has collapsed into administration for the fourth time.
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News
Grocery giant Leclerc posts first half-year sales
Grocery giant Leclerc reported first half-year sales in its domestic market up 8.3% to j15.21bn (£11.93bn), excluding fuel.Total sales for the first half increased by 8.1% to j20.47bn (£16.06bn), including fuel. Company president Michel-Édouard Leclerc said the results showed a consolidation of its “low-price positioning, which is not only a ...
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NewsInflation falls to 2.4% in June
Inflation fell to 2.4% in June, down from 2.8% in May – the third consecutive month the annual rate has fallen as retailers started summer sales earlier than usual due to the wet weather, according to figures from the Office for National Statistics.
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NewsAsos denies director is to exit despite share sale
Asos product director Robert Bready has sold all of his shares in the fashion retailer fuelling rumours he is to exit.
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NewsThe Original Factory Shop EBITDA soars in first quarter
The Original Factory Shop EBITDA jumped 20% in its first quarter.
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NewsDreams' owner lays out restructuring proposal
The owner of Dreams is attempting to take control of the bed specialist from its lenders as part of a planned restructure involving more investment and, potentially, store closures.
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NewsTillman mulls Allders bid
The former owner of collapsed department store Allders, Harold Tillman, is considering buying it back.
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NewsSports Direct acquires stake in designer chain
Sports Direct has expanded its premium and luxury division by snapping up a majority stake in Flannels, an independent retailer which sells designer clothing.
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NewsSuperGroup profits slip as it ditches Cult fascia
Underlying pre-tax profits at young fashion group SuperGroup, which owns trendy brand Superdry, dropped 14.7% in the year to April 29, to £42.8m.
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NewsSales rise at Primark despite bad weather
Value fashion powerhouse Primark has posted a 16% sales surge despite bad weather leading to volatile trading.
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NewsPaphitis eyes more deals after Robert Dyas purchase
Entrepreneur intends to grow the 96-store hardware retailer and tap into trend for convenience.
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NewsThorntons in talks to reopen concessions in Clintons
Thorntons is negotiating with Clinton Cards’ new management to reopen concessions in the latter’s stores.
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NewsBrightHouse bolsters team for online push
Rent-to-own electricals and furniture retailer BrightHouse has appointed a new marketing boss and is on the hunt for its first head of ecommerce as it ramps up its online offer.
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NewsAsos sales jump due to price cuts and rain
Asos UK sales have bounced back as the online fashion giant’s price cuts paid off and the wet weather drove people online.
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NewsBurberry posts "robust" first quarter performance
Luxury fashion retailer Burberry revenue surged 11% to £408m as its retail sales drove growth.
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NewsThorntons fourth quarter like-for-likes edge up
Thorntons like-for-like sales nudged up 0.7% in the fourth quarter.