Latest finance news – Page 555
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NewsTreats are back, say Tesco and Sainsbury’s
As Tesco and Sainsbury’s report favourable results, there is evidence consumers are trading up again
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NewsAsia and Fresh & Easy give Tesco a little help
Food retail stocks lagged both their general retail peers and the market as a whole again despite a robust set of half-year results from Tesco.
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NewsMothercare expecting better results
Maternity and baby retailer Mothercare is expected to show improved trading next week when it updates the market on its second quarter.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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NewsTheo Fennell tipped for return to profitability
Luxury jeweller Theo Fennell is being tipped to return to profitability thanks to a programme of investment in its stores and website and the introduction of an entry-level range.
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NewsDunelm outperforms in first quarter despite tough comps
Value homewares retailer Dunelm has revealed a better than expected first quarter after posting positive sales growth against tough comparables.
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NewsToy retailers mop up after Woolworths’ demise
Toy retailers Toys R Us and The Entertainer have reported a strong year in 2009 after mopping up share left from the collapse of Woolworths.
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NewsBlockbuster UK profits up despite bankrupt parent
Blockbuster UK has reported its pre-tax profits lifted from £3m to £4.6m in the year to January 3, but the retailer still awaits the fate of its US parent Blockbuster Inc.
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NewsWhistles turnaround on course after losses cut
Jane Shepherdson’s turnaround of Whistles is proving a success, with losses slashed and a return to profitability on the horizon.
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NewsStores vie for Halloween bonanza but growth ‘unlikely to continue’
Retailers expect this year’s Halloween to deliver bumper sales, with the event set to be the third biggest for retail after Christmas and Easter.
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NewsMulberry’s figures ‘exceeded expectations’
Luxury retailer Mulberry has said sales were stronger than expected in the 10 weeks to October 2, with like-for-like sales in its full price stores up 79%.
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NewsTed Baker pre-tax profits rise 25%
Quirky retailer Ted Baker saw pre-tax profits rise 24.6% to £7.5m for the 28 weeks to August 14.
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NewsThorntons first quarter like-for-likes fall 4.1%
Chocolatier Thorntons has reported a 4.1% fall in like-for-like sales at its own stores over the first quarter of the year.
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NewsDunelm like-for-likes up in first quarter
Value homewares retailer Dunelm has reported like-for-like sales growth of 2.1% in the 13 weeks to October 2.
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NewsTesco profits climb 12.5%
Tesco has reported a 12.5% increase in group pre-tax profit in its interim results, with international sales helping to offset the subdued growth in the UK.
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NewsMidcounties reports record half-year profits
Midcounties Co-operative has reported a rise in sales and record half-year profits, but is still forecasting that 2011 will be a ‘tough year’ because of the forthcoming public sector job cuts.
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NewsIkea breaks with history to reveal annual results
Furniture giant Ikea has broken its traditional habit and issued full-year results in acknowledgement of widespread interest in the business.
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NewsPeacocks calls off sale
Fashion retailer Peacocks will not be sold after there was insufficient interest from potential buyers, Retail Week has learned.
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NewsLiberty owner considers buying Jones Bootmaker
Marco Capello, owner and chairman of premium London department store Liberty, has signalled he is interested in adding footwear retailer Jones Bootmaker to build a retail portfolio.
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NewsPaperchase profits hit by closure of Borders
Paperchase suffered a slide in profits last year as the closure of bookseller Borders hit the card and stationery retailer’s bottom line.