Latest finance news – Page 77
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NewsShein weighs up Topshop bid
Fast-fashion giant Shein has formally registered its interest in bidding for the Topshop brand.
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NewsWatches of Switzerland sales increase
Watches of Switzerland posted strong sales as demand for luxury watches remains robust despite a difficult consumer environment.
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NewsPrimark profits soar driven by sales increase in all markets
Value fashion retailer Primark posted a rise in profits as sales increased in all markets across the UK, Europe and the US in the full year ending September, 2023.
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NewsSigna ‘funding crisis’ raises questions for Frasers and Selfridges
Frasers Group’s acquisition of SportScheck has reportedly been “thrown into question” as the German sportswear retailer is at risk of collapsing into administration.
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NewsWhite Stuff profits and sales rise in ‘strong’ year
White Stuff has reported a rise in both profits and sales in a “strong” year of growth for the fashion retailer in the early stages of its “ongoing business transformation”.
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NewsWilko confirms opening dates and locations for first three concept stores
Wilko has revealed the opening dates and locations for its first three concept stores, due to open before Christmas.
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NewsWickes underlines profit guidance as it grows market share
Wickes has reported an increase in core market share as it remains “on track to meet full-year expectations”.
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NewsCurrys to sell Greek business for £175m
Currys has entered an agreement to sell its Greek business, Kotsovolos, to Greek electricity supplier Public Power Corporation (PPC) as it aims to strengthen its balance sheet and focus on the UK, Ireland and Nordic markets.
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NewsSainsbury’s winning back shoppers from discounters ‘for first time’
Sainsbury’s boss Simon Roberts says the supermarket is now winning back market share from the discounters “for the first time”.
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NewsHugo Boss maintains guidance after ‘robust’ third quarter
Fashion retailer Hugo Boss has maintained its full-year guidance after a “robust” third-quarter performance with top-line improvements across “both brands, all regions and all consumer touchpoints”.
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NewsZalando revises guidance as it posts revenue decline
Online fashion giant Zalando has recorded a decrease in group revenue and is reviewing its guidance as it expects “continued pressure on demand” for the remainder of the financial year.
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NewsSainsbury’s sales rise as it continues to ‘invest in customer’
Sainsbury’s has reported a rise in sales that it credits to “consistent investment in our customer proposition” and has increased its guidance for the full year.
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NewsMatches aims to rekindle ‘customer love’ after full-year loss
Matches has said it will focus on getting the brand back to profitability and growing “customer love” amid its turnaround strategy after a full-year loss and decline in revenue.
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NewsNext juggernaut rolls on as it ups profit guidance
Fashion giant Next has increased its full-year profit guidance and reported an uptick in full-price sales.
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NewsAsos losses deepen as it prioritises shift ‘back to fashion’
Embattled fashion retailer Asos has reported deepening losses and falling revenue, and unveiled plans for a strategic switch “back to fashion” in 2024.
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NewsKurt Geiger hails ‘international success’ as profits soar
Kurt Geiger has credited a full-year surge in both revenue and profits to the “success” of its international expansion strategy.
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NewsAsda acquires EG and pledges price cuts
Asda has completed its purchase of forecourt retail giant EG Group at an enterprise value of £2.07bn. It vowed the deal will mean lower fuel and grocery prices “for millions”.
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NewsBody Shop enters exclusive sale talks with Aurelius
Private equity house Aurelius is in exclusive talks to acquire health and beauty retailer The Body Shop, which is being sold by owner Natura &Co.
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NewsEmbattled Asos considers sale of Topshop
Online fashion specialist Asos is examining the possible sale of the Topshop brand, which it bought three years ago, as boss José Antonio Ramos Calamonte seeks to turn around the core business.
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NewsFrasers offloads Missguided to Shein and eyes Wiggle deal
Frasers Group has sold Missguided’s intellectual property to online fast fashion giant Shein and flagged the potential for future collaboration between the pair.