Latest finance news – Page 588
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NewsConsumer fears overshadow ‘super Thursday’ updates
Retail shares slid following last week’s ‘super Thursday’ round of updates and brokers have warned store stocks might now stall.
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NewsDSGi ready for Best Buy after stellar Christmas
Electricals group DSGi is preparing for its spring showdown with Best Buy bolstered by an “excellent” Christmas performance.
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NewsStrong retail sales bolster Burberry’s third quarter
Luxury fashion retailer Burberry put in a strong third-quarter retail performance, helping boost total sales to £380m for the period - up 12% on an underlying basis.
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NewsOverlooked grocers back on City radar
Investor appetite this week for food retailers was keen but general retailers were shunned, despite almost without exception beating Christmas expectations.
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NewsGreen light for retail IPOs
Grim outlook fails to dampen retailers’ flotation hopes — but will they hit their valuations?
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Carrefour to create an executive board
Carrefour is to create an executive board that, along with group executiveLars Olofsson, will be charged with developing the group’s strategy, operational goals and oversee execution.Newly appointed France executive director James McCann, formerly Tesco’s Hungary chief, will be among the new board members.Separately, Carrefour has reported sales of E96.2bn (£86.5bn) ...
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Like-for-likes sales down 1% for Douglas Group
Perfumery operator Douglas Group admitted that the global economic and financial crisis hampered its 2008/09 financial year, as it posted results for the period.Consolidated sales rose 2.3% to E3.2bn (£2.9bn). However, like-for-like sales slid 1% against the previous year’s figure.The brakes were applied to the retailer’s capital expenditure during the ...
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NewsJessops plc shareholders vote to wind up company
Jessops plc shareholders have voted to voluntarily wind up the company after the Jessops store business was sold to new company Snap Equity in September.
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NewsTJ Hughes unveils 4% Christmas sales rise
Discount department store group TJ Hughes has revealed like-for-like sales growth of 4% over Christmas.
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NewsMorrisons like-for-likes up 6.5%
Morrisons has reported strong Christmas trading with like-for-like sales up 6.5% on the six weeks to January 3.
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NewsM&Co. reveals strong Christmas trading
Scottish fashion retailer M&Co. has revealed an 11.1% uplift in like-for-like sales in the nine weeks to January 2.
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NewsComet owner like-for-likes slip 0.3% over Christmas
Electricals retailer Kesa revealed a like-for-like decline of 0.3% in the 10 weeks to January 8.
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NewsShoe Zone sales soar 27% over Christmas
Footwear retailer Shoe Zone saw like-for-like UK sales rocket 27% in the five weeks to January 2, while sister chain Stead & Simpson saw comparable sales rise 7.6% over the same period.
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NewsConsumer Price Index jumps to 2.9%
The Consumer Price Index reached 2.9% in December, up from 1.9% in November, according to the Office for National Statistics.
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NewsBurberry retail like-for-likes climb 10%
Burberry reported strong retail growth in the three months to December 31 with sales up 16% to £249m and like-for-likes up 10%.
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NewsTheo Fennell reveals sales surge over Christmas
Upmarket jeweller Theo Fennell experienced a 25% like-for-like sales surge over the Christmas trading period, from December 1 – 24.
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NewsBest Buy Europe like-for-likes up 6.3%
Best Buy Europe - the joint venture between Carphone Warehouse and Best Buy - has reported UK like-for-like sales up 6.3% in its third quarter and remains on track to unveil its first big-box shops in spring.
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NewsAdili sales up 20% as it moves focus to improving margins
Ethical etailer Adili, which now trades as Ascension said revenue grew 20% in the six months to October 31 to £299,000.
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NewsHobbyCraft sales up 10.6% over Christmas
Arts and craft retailer HobbyCraft has reported a good Christmas with like-for-like sales growth of 10.6% for the six weeks to January 3.
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NewsM and M plans more international expansion after strong Christmas
Sales at discount fashion etailer M and M Direct grew 21% in the ten weeks to January 3.