Latest finance news – Page 522
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NewsRetailers unprepared for Olympic windfall
Half of UK retailers have admitted they are unprepared for the impact that the Olympic Games will have on their businesses, but a third expect a sales boost from it.
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NewsSoaring profits and sales put SuperGroup back on track
An improvement in recent trading at SuperGroup, owner of the Superdry brand, reassured the City that the business still has legs.
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NewsConfidence high in WHSmith performance
Analysts were pleased by a better than expected third quarter performance from WHSmith, despite a 4% fall in group like-for-likes.
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NewsReturn to sales growth puts Dunelm on course
Value homewares retailer Dunelm expects full year profit to be in line with expectations after revealing like-for-like growth improved in the fourth quarter.
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NewsJJB makes 'good progress' with turnaround
Sports specialist JJB, which is at the start of a turnaround programme, told investors that “good progress” is being made.
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NewsGeneral retail cheer despite torrid trading
As the general market slid on renewed Eurozone crisis fears, retailers outperformed, although they were still down in the week leading up to Wednesday’s raft of updates.
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NewsAsos sales soar 69% in its first quarter
Online fashion giant Asos retail sales grew 69% in its first quarter.
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NewsTough conditions take toll on Mothercare UK sales
Maternity specialist Mothercare has reported continued difficult trading in the UK but said measures to adapt to tough conditions here will bear fruit.
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NewsPrimark reports strong growth in sales, but margins fall
Primark has defied the downturn in the fashion market to post strong growth in total sales.
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NewsSuperGroup full-year profits more than double
Profits at SuperGroup, owner of the Superdry brand, more than doubled last year and the fashion retailer expects success to continue.
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NewsTopps Tiles sales dip in third quarter
Topps Tiles like-for-likes declined 1.9% in the 13 weeks ended July 2.
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NewsThorntons like-for-likes fall 10.6%
Thorntons has reported a like-for-like sales decline of 10.6% in its own stores in the eight weeks to June 25.
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NewsMarks & Spencer makes market share gains as sales rise
Marks & Spencer has posted a total sales rise of 3.2% in its first quarter, when it reported market share gains in fashion and food.
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NewsJJB makes "good progress" in its turnaround plan
JJB is making “good progress” in its turnaround as sales in the 22 weeks to July 3 met its expectations.
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NewsTheo Fennell eyes international expansion as its pre-tax losses grow
Luxury jeweller Theo Fennell is eyeing international expansion as its pre-tax losses grow
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News20 stores a day shut by multiples, report says
Multiple retailers closed 20 stores a day on average between January and May as they slashed costs amid punishing trading conditions.
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NewsWaitrose boss says that impact of food inflation is being overstated
Waitrose managing director Mark Price has criticised figures released this week claiming that food price inflation soared in June
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NewsTechnology products key as HMV sets sights on recovery
Analysts remained bearish on HMV after the entertainment group revealed full-year profits had slumped and set out recovery plans
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NewsSteady profits rise for Jacques Vert
AIM-listed womenswear retailer Jacques Vert managed a 3.1% increase in full-year pre-tax profits to £5.3m despite turbulent trading conditions.
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NewsRetail climbs but fails to match the market
Food and general retailers alike climbed over the week but failed to match the rise clocked up by the market overall.