Latest finance news – Page 99
-
NewsAdidas warns of ‘significant’ impact on profits as it counts cost of Yeezy fallout
Adidas has warned it could take a €1.2bn (£1.06bn) hit in revenues and swing to a loss this year if it chooses not to sell its remaining Yeezy stock.
-
NewsArcadia pensions secured in £850m deal with Aviva
Members of bust fashion giant Arcadia Group pension schemes have had their benefits secured following a deal between trustees and insurance and pensions giant Aviva.
-
NewsAmazon launches sustainability accelerator for start-ups working on recycling tech
Amazon has launched its second sustainability accelerator for start-ups leading innovation and development of recycling technologies.
-
NewsExclusive: Two new players to enter top 30 biggest retailers by 2026
A ranking of the biggest retailers in the UK and a five-year forecast of the top 30 has revealed two new retailers will be joining the list.
-
NewsFrasers completes acquisition of fashion brands from rival JD Sports
Frasers has completed the acquisition of five out of the remaining seven fashion brands from its sportswear rival JD Sports, following an announcement about the deal in December 2022.
-
NewsExclusive: Tycoon Paphitis reports strong Christmas in store and brands’ return to profit
Entrepreneur Theo Paphitis, owner of Ryman, Robert Dyas and Boux Avenue, revealed a Christmas sales uplift across the board and a return to the black for key brands.
-
NewsExclusive: M&S to overtake John Lewis by 2026, forecast reveals
Marks & Spencer is set to supplant the John Lewis Partnership in the ranking of the biggest retailers in the UK, an exclusive forecast by Retail Week Prospect reveals.
-
NewsGousto slashes valuation after securing millions in additional funding
Meal-kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in extra funding to help it through a difficult economic period.
-
NewsM&Co snapped up by Yours Clothing owner AK Retail Holdings
M&Co has been bought out of administration by the Peterborough-based business AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and maternity brand Bump It Up.
-
NewsAmazon and Apple post mixed results as economic slump impacts demand
Amazon and Apple have both posted mixed results for the fourth quarter as the economic slump dampened demand.
-
NewsScS returns to order growth over winter and holds outlook
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year
-
NewsSuperdry boss Dunkerton denies plans for a buyout
Superdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the brand private.
-
NewsCompetition watchdog launches review into supermarket pricing
The Competition and Markets Authority (CMA) is launching a review into supermarket pricing to ensure that retailers are sticking to rules that help shoppers accurately compare products.
-
NewsShop price inflation hits record highs across all categories
Inflation reached a record high during the first week of January, according to the newest figures from the BRC-Nielsen Shop Price Index.
-
NewsTesco buys Paperchase brand leaving future of stores and workers uncertain
Tesco has this morning snapped up stationery retailer Paperchase’s brand and intellectual property, casting a shadow over the future of its workers.
-
NewsPoundstretcher announces pay rise for employees as inflation soars
Poundstretcher announced that it would give a 10% pay rise to nearly 4,000 employees, effective from April 1.
-
NewsWickes nets strong growth boosted by energy-saving buys
Wickes has posted strong sales growth across the golden quarter as demand for energy-saving products stabilised slowing DIY sales.
-
NewsPets at Home ups profit outlook as Christmas sales rise
Pets at Home has increased FY2023 profit guidance by £5m following strong Christmas trading and has appointed a new chief consumer officer.
-
NewsPaperchase faces collapse as solvent rescue hopes fade
Paperchase is on the brink of collapse as hopes of a solvent rescue deal have faded.
-
NewsMatchesfashion owner injects £60m to revive business under new leadership
Matchesfashion has announced that its owners, private equity firm Apax Partners, are set to invest £60m into the business.