Latest finance news – Page 564
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NewsGrowth will be hard to maintain, says Dunelm
Value homewares retailer Dunelm has warned of toughening trading conditions, despite the likelihood that operating profits this year will be just ahead of expectations.
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NewsAiling JJB Sports trials new format to aid recovery
The World Cup has brought a much-needed sales uplift at sports specialist JJB Sports, which has also unveiled a new-model store in Slough that it hopes will aid its ongoing recovery.
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NewsPrimark defies the downturn with strong growth in sales
Value fashion retailer Primark has reported that full-year margins are expected to be ahead of last year despite rising input prices, which are forecast to hit the clothing sector generally.
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NewsDreams expects to continue its rapid growth as more rivals fail
Bed specialist Dreams is set to notch up double-digit revenue growth this year on the back of its record year in 2009, but the retailer predicts more of its rivals will hit trouble.
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Hotel Chocolat raises £3.7m via chocolate bonds
Hotel Chocolat chief Angus Thirlwell said he is “pleased with the strong response” to its chocolate bonds, which raised £3.7m.
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NewsPaperchase set to grow following £30m buyout
Upmarket stationery and greetings cards retailer Paperchase is to ramp up its expansion plans under its new owners, Primary Capital.
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NewsLa Senza seeks new chairman as sales and profits improve
Lingerie retailer La Senza is back in the black and searching for a new chairman to help its future growth after sales and profits took an upward swing
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Jigsaw’s parent reports near doubling of losses
Losses at Robinson Webster Holdings, the parent company of womenswear retailers Jigsaw and Kew, almost doubled last year as a result of a currency fluctuations, deeper discounting and disposal of excess stock during the recession.
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NewsTM Lewin ups profit as it tests click-and-collect
Shirtmaker TM Lewin has embarked on a click-and-collect trial, as it reports that operating profit grew 7% to £9m in the year to February 28.
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NewsAll resolutions passed at Burberry AGM
Burberry shareholders voted in favour of all resolutions proposed at the luxury retailer and brand’s annual general meeting today, including directors’ remuneration.
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NewsH&M sales up 20% in June
Sales for Swedish fashion giant H&M have continued to rise, soaring 20% in June compared to the same month last year.
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NewsSuperGroup posts £22.5m in pre-tax profit
SuperGroup, the young fashion business which owns brands Superdry and chain Cult, has posted £22.5m in profit before tax in its first set of annual results since it joined the stock exchange.
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NewsMothercare suffers UK sales fall and buys Blooming Marvellous brand
Maternity specialist Mothercare has posted a fall in UK sales and has bought the trademark and brand of privately owned rival Blooming Marvellous.
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NewsShareholders pass all resolutions at Marks & Spencer AGM
All resolutions, including the controversial remuneration report, have been passed by the shareholders in the room at another high spirited M&S AGM.
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NewsTopps Tiles Q3 sales improve
Topps Tiles like-for-like sales decline has softened to -1.2% in the 13 weeks to July 3.
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NewsAsos sales up 54%
Sales for online fashion retailer Asos grew 54% to £61.7m in its first quarter to June 30, with sales from its international business continuing to grow at over 100%.
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NewsDunelm grows revenue but remains cautious on outlook
Dunelm like-for-likes grew 8% in the year to July 3 and the retailer expects full year operating profit to come in “a little ahead” of market expectations.
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NewsRetail administrations down 57% in first half of 2010
The number of retail company administrations fell by 57% in the first six months of this year compared to the same period in 2009.
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NewsRetailers prepare for AGM pay rebellions
Leading retailers are preparing for a showdown with shareholders this week as director pay becomes the focus of investor anger.
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NewsOcado critic Philip Dorgan loses job
The analyst who was one of the most outspoken critics of Ocado’s IPO plans has lost his job.