Latest finance news – Page 490
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NewsAsos sales jump 31% in first quarter
Online fashion giant Asos retail sales jumped 31% to £136.9m in its first quarter.
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NewsMarks & Spencer fashion chief Bostock stands down
Kate Bostock, Marks & Spencer’s clothing supremo, has sensationally stepped down “by mutual consent” with the retailer after clothing sales went into tailspin.
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NewsMarks & Spencer tipped to reveal worst quarter in three years
Marks & Spencer is set to reveal its worst trading performance in three years tomorrow (Tuesday), with non-food sales expected to plummet 7%.
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NewsFrench toy giant vies to buy Hamleys
French retail group Ludendo is vying to buy toy chain Hamleys in a deal worth £60m.
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NewsJJB Sports sales plunge as Euro 2012 fails to lift trade
Sports retailer JJB Sports has experienced a sharp plunge in sales since its last update in April as the European Football Championships did not deliver the trading uplift expected.
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NewsMatalan EBITDA dips despite sales increase
Matalan EBITDA dipped 14.5% in its first quarter despite a jump in sales.
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NewsApple Retail UK: Innovative products key to success
The secret of the company’s success lies in innovative products and good customer service.
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NewsMaplin invests £40m to improve business
New chief executive John Cleland to drive ecommerce and boost store numbers by 50%.
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NewsGrocer Iceland puts service centre stage
Iceland managers are to present to the board this week the early findings of a big customer feedback programme designed to enable improved levels of service at the frozen food specialist.
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NewsSavers almost back in black after turnaround
Value health and beauty retailer Savers, sister company to Superdrug, is heading back into the black for the first time since 2005 as it concludes a four-year turnaround plan.
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NewsDebenhams to launch next day delivery in online revamp
Department store chain Debenhams will launch next day delivery in 2013 to help drive online sales.
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NewsDunelm like-for-likes soar as wet weather boosts sales
Dunelm like-for-likes surged 10.4% in the 13 weeks to June 30 as wet weather boosted footfall in Dunelm’s stores.
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NewsAllders first round bids near despite Croydon uncertainty
The hunt to find a buyer for collapsed department store Allders is gaining pace with first round bids set to be lodged in the next two to three weeks.
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NewsTopps Tiles like-for-likes up 2.1%
Topps Tiles like-for-likes rose 2.1% in the 13 weeks to June 30, against a 1.9% fall in the same quarter last year.
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NewsN Brown boss: 'We're not for sale'
N Brown chief executive Alan White denied the home shopping group is to be sold, following chairman and major shareholder Lord Alliance’s decision to step down from the role.
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NewsHolland & Barrett profit up as sister company Julian Graves remains in administration
Health and beauty retailer Holland & Barrett has posted a pretax profit surge of 19.4% to £60m, a day after its sister company Julian Graves collapsed into administration.
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NewsN Brown chairman and chief executive to exit
N Brown chief executive Alan White and chairman Lord Alliance are stepping down from the home shopping group.
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NewsJulian Graves collapses into administration
Health food specialist Julian Graves has hit the buffers and Deloitte has been appointed administrator.
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NewsFurniture chain Oka posts profits jump
Furniture retailer OKA has posted a £500,000 pre-tax profit in 2011.
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NewsPhones 4u sales rise but earnings fall
Sales at Phones 4u rose 11% to £975.8m in the last year.