Latest finance news – Page 96
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NewsAmazon to close online shop Book Depository in latest bid to cut costs
Amazon is set to close its UK-based online store Book Depository at the end of April.
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NewsTopps Tiles hails omnichannel model after delivering record sales
Topps Tiles has said it is now the UK’s “clear market leader” in its category after delivering a record period in the first half of its financial year.
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NewsCo-op sales inch up but inflation dampens profitability
The Co-op has reported a small increase in its full-year revenue, but warned that ongoing inflation and volatility will dampen profitability in the immediate term.
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NewsThe Original Factory Shop owner on the hunt for new buyers
The owner of The Original Factory Shop has kicked off a sale process after more than 15 years as the discount retailer’s owner.
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NewsNatura to focus on The Body Shop as it sells Aesop
Cosmetics giant Natura &Co is to focus on building The Body Shop after selling luxury brand Aesop.
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NewsJohn Lewis new CEO tells staff they must change business model ‘at pace’
New John Lewis Partnership chief executive Nish Kankiwala has told staff that the business model will have to be reformed “at pace”.
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NewsMorrisons sales return to growth as it opens 500th c-store
Morrisons has reported a return to sales growth in the first quarter as it marked the opening of its 500th convenience store.
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NewsH&M group sales grow as it hails strong margins
H&M Group reported a strong performance in the first quarter of 2022, with operating profits of SEK 725m (£56.5m) and operating margins of 1.3%.
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NewsMoonpig praises ‘resilient performance’ as profits remain flat
Greeting card and gifting retailer Moonpig has reported a “resilient performance” for the second half of the year to date, as profits remained flat.
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NewsAsda profits plummet as inflation costs and investing in prices hit bottom line
Supermarket giant Asda has reported plummeting profits as spiralling costs and investing in keeping prices lower for customers hammered its bottom line.
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NewsLululemon upbeat for 2023 as sales soar
Lululemon recorded net sales growth of 32% and 33% on constant dollar terms in the full year and fourth quarter of 2022, respectively.
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NewsNext delivers growth but budgets for profit drop next year
Next has delivered healthy growth in sales and pre-tax profits, but warned strong comparables in the first half would result in a decline in both metrics next year.
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NewsBoots sales increase 16% as it wins market share in beauty
Boots posted a 16% year-on-year increase in sales in the three months to February 2023, driven by a “record-breaking” beauty performance.
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NewsUpdated: Next bolsters brand portfolio with swoop on Cath Kidston
Fashion giant Next has added to its stable of brands with the acquisition of Cath Kidston for £8.5m.
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NewsBoots owner mulls float or sale by end of 2023 to focus on US market
Walgreens, the US-based parent company of Boots, could either sell or float the UK retail favourite as the global pharmacy giant faces intense pressure to break up.
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NewsIssa brothers eye £12bn merger of Asda and EG forecourt empire
The billionaire Issa brothers are reportedly racing to complete a merger of the Asda supermarket chain and their UK petrol stations in a bid to slash debt.
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NewsJohn Lewis boss White speaks out on stake sale speculation
John Lewis Partnership chair Dame Sharon White has said she will always act “in the best interest of the partnership”.
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NewsWickes posts profit fall despite achieving ‘record sales’
Wickes has posted a drop in profits for the full financial year despite achieving “record sales”, which it attributes to its “market-leading value proposition”.
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NewsSurprise inflation jump puts further squeeze on UK consumers
The overall inflation index soared to 10.4% in February compared with 10.1% in January, according to the latest ONS Consumer Price Index (CPI) figures.
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NewsSuperdry sells Asia-Pacific IP for $50m in growth push
Superdry has sold its Asia-Pacific intellectual property assets with the hopes of expanding its global reach while generating much-needed cash.