Latest finance news – Page 508
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NewsRetail businesses in administration set to rise in coming months, warns BRC
The rise in business rates in April will fuel growth in the number of retail businesses going into administration, the British Retail Consortium (BRC) has warned.
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NewsHMV sales slump over Christmas
Entertainment retailer HMV suffered a sales slump over Christmas, although performance was better than when it last updated.
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NewsBlacks to be put into administration
Outdoor gear specialist Blacks Leisure is to be put into administration ahead of the sale of its assets.
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NewsClintons Christmas like-for-likes edge up
Greetings card retailer Clinton Cards like-for-likes edged up 0.4% in the five weeks to January 1 as a “renewed focus on the right customer offer and improved service” paid off.
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NewsJJB shows improving performance over Christmas
Embattled sports retailer JJB like-for-likes rose 5% in the 4 weeks to December 26.
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NewsJohn Lewis Christmas like-for-likes up 6.2%
John Lewis like-for-likes were up 6.2% in the 5 weeks to 31 December 2011 as the retailer notched up an “outstanding performance”.
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NewsNext sales up as Directory outperforms stores
Next sales rose 3.1% between August 1 and December 24 as sales in its directory outperformed stores.
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NewsOakley Capital plots bid for HMV's live music arm
Oakley Capital founder Peter Dubens is assembling a bid for HMV’s live music arm.
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NewsFestive season brings retail administrations
Many retailers are teetering on the brink of collapse including gifts specialist Past Times and toy chain Hawkins Bazaar as footwear chain Barratts’ concession business folded following an unsuccessful attempt to find a buyer.
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NewsHawkin's Bazaar owner faces administration
Tobar Group, owner of toy specialist Hawkin’s Bazaar, has become the latest victim of harsh trading conditions and filed notice of intention to appoint administrators.
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NewsFashion retailer D2 collapses into administration
Fashion retailer D2 has collapsed into administration after falling victim to “extremely difficult” trading conditions.
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NewsBlacks moves closer to pre-pack administration
Blacks Leisure has moved a step closer to entering pre-pack administration.
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NewsPaul Smith full year profits leap
UK designer Paul Smith reported a sales rise of 12% to £196m in the year to June 30 while profits leapt 36% to £34m during the year.
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NewsThorntons warns on profits
Thorntons has issued a profit warning after poor consumer spending and heavy high street promotions hit performance.
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NewsBlacks faces post-Christmas administration as Hilco circles
Blacks Leisure could face a post Christmas administration and break-up following Sports Direct’s decision not to buy the business.
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NewsHMV considers sale of live music arm after first-half loss
Entertainment group HMV is considering selling its live music business and has posted a first-half loss.
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NewsLike-for-likes rise at Laura Ashley
Home and fashion retailer Laura Ashley has posted a rise in like-for-like sales as it progressed with plans to shut unprofitable shops.
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News
Demandtec strikes merger agreement with IBM
Walmart’s vendor of price optimisation software Demandtec has struck a merger agreement with IBM worth $440m (£281.6m).Demandtec’s cloud-based analytics solution helps retailers to adjust pricing according to customer buying patterns. Demandtec serves about 450 clients worldwide, including some of the biggest names in retail such as Casino, Ahold, Delhaize and ...
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NewsTesco results top off another tough week
As Christmas loomed, store stocks headed south. Food specialists and general merchandisers alike underperformed the All Share index and were sharply down over the year.
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NewsNew year brings no joy for store stocks
At the end of the year general retailers had sadly underperformed the All-share index, while food groups were also down but not by as much as the market.