Latest finance news – Page 621
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NewsJJB Sports posts a loss as sales slump
JJB Sports like-for-likes plummeted 23.3 per cent in the 16 weeks to May 17 as it revealed its supply suffered as a result of a lack of credit insurance.
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NewsModus’s Wigan Grand Arcade in administration
The company which owns Wigan Grand Arcade shopping centre, which was developed by Modus, has been placed into administration.
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NewsClinton hopes to retain selected Birthdays stores despite administration
UPDATED: Cards group Clinton intends to maintain an interest in Birthdays, despite placing the chain into administration.
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NewsNext shareholders revolt over pay plans
Next shareholders have revolted against the fashion retailer’s remuneration report.
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NewsTK Maxx first quarter profits rise
TJX Companies, the US parent company behind discount designer TK Maxx in the UK and Europe, has notched up record growth in its first quarter and revealed that profits at the European division have soared.
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NewsInflation falls more than expected
Inflation fell more sharply than expected in April, the latest ONS figures have revealed.
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NewsMarks & Spencer launches transformation drive as profits plunge
Marks & Spencer has launched a transformation programme called 2020 – Doing the right thing, to be headed by finance director Ian Dyson.
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NewsBurberry profits fall after tough year for luxury market
Profits at luxury group Burberry fell 12.5 per cent in its full year to March 31.
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NewsJJB Sports appoints two directors
JJB Sports has announced the appointment of a new finance director and a director of retail and product to its board.
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NewsBay Trading bought out of administration
Bay Trading has been bought out of administration by the producers of brands Tigi-Wear, Viz-A-Viz and iZ.
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NewsAlliance Boots profit surge
Alliance Boots has reported a rise in profits and is confident about the year to come
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NewsH&M celebrates sales turnaround
International fashion giant H&M has posted recession-busting like-for-like growth of 8 per cent for April, when total sales climbed 19 per cent.
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NewsBroker attacks M&S strategy and management
Discounting and cost cutting by Marks & Spencer threatens its long-term health and dramatic change is necessary to restore the retailer’s fortunes, a broker has warned.
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Furniture village outperforms
Furniture Village’s full-year sales and profits declined, but the retailer has outperformed in recent weeks in one of the toughest trading environments.
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NewsPets at Home outlines ambitious growth target after sales jump
Pets at Home is ramping up its expansion plans as it seeks to increase its share of the pet market.
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NewsWickes reveals like-for-like rise as DIY rallies
Analysts have welcomed signs of a stabilising DIY market after Wickes disclosed an improved sales performance over Easter.
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Signet fortunes turn after US Valentine’s sales boost
Leading jeweller Signet said its US operations, which account for the bulk of its sales, put in an “encouraging” first-quarter performance compared with the previous period.
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Citi analyst predicts worst yet to come for Burberry
Burberry has implemented a £50m efficiency drive designed to bring it out on the other side of the downturn in a stronger position.
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NewsCity cools as it doubts retail’s staying power
General retailers underperformed as questions were asked about whether the stores rally had run too far.
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NewsMulberry to take full control of US business
Mulberry will take full control of its US business after agreeing to end a joint venture with its US partner.Mulberry will take control of its wholesale and retail sales in the US, which it hopes will create a more efficient operation when combined with its online business, over which it ...