More finance – Page 138
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AnalysisMajestic Wine: What the analysts say
Despite a small dip in like-for-likes, wine retailer Majestic delivers a 3.9% jump in pre-tax profit in its half year to October 1. Retail Week finds out how the analysts have reacted.
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AnalysisAnalysis: Retailers race to grab Comet's market share
Electricals rivals are squaring up to grab share of Comet’s sales in the wake of its demise, but can they avoid a similar fate?
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AnalysisAnalysis: Facing up to the challenges at Morrisons
It has been a tough year for Morrisons, evident in a 2.1% fall in like-for-likes in the third quarter. Retail Week takes a look at the grocer’s prospects.
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OpinionComment: Imagine if John Lewis found a way to wriggle out of paying tax
John Lewis came out swinging this week, claiming that the Government must address the “Amazon tax issue” or risk driving UK-based retailers out of business.
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OpinionNick Bubb's verdict: Which retail sales figures should we believe?
It is often said ONS lives on a different planet, as its Retail Sales figures are notoriously unreliable. But down in Newport in South Wales is the ONS starting to get its act together?
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OpinionComment: Matt Davies’ new direction for Halfords
Halfords posts interim results on Wednesday, the first set since Matt Davies was appointed chief executive.
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OpinionComment: Government backtracks on rationale for rate revaluation delay
The Government has had to backtrack on its claimed justification for the rate revaluation delay as we at Gerald Eve had predicted.
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InterviewQ&A: Ted Baker chief executive Ray Kelvin on hurricanes and UK demand
Today Ted Baker revealed the UK had generated particularly good sales in its third quarter, driving its 24.6% uplift in retail sales, while the US business was impacted by Hurricane Sandy. Chief executive Ray Kelvin outlines how the business continues to deliver.
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OpinionComment: The real tax villains aren’t overseas retailers
Immoral, manipulative, pathetic. These were only a handful of the insults and accusations thrown by British MPs at some of the largest and (until now) most-respected international businesses operating in this country.
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AnalysisSainsbury's: What the analysts say
Sainsbury’s today reported a 5.4% increase in underlying profits for the first half. The City welcomed the results
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OpinionComment: OpCapita has questions to answer over Comet's demise
Halloween was an unfortunate but fit setting for the grim tidings that Comet has fallen into administration.
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AnalysisProfile: Steven Cohen, chief executive, Blue Inc
The Blue Inc boss, who reported strong profits last week, has managed to turn the recession to the retailer’s advantage. He tells Gemma Goldfingle how he has done it.
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OpinionComment: What has private equity ever done for retail?
Last week’s news that Comet has gone into administration adds further weight to those who argue that private equity does more harm than good to the retail sector.
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OpinionComment: Primark and Marks & Spencer square up
Marks & Spencer managed to please with Tuesday’s interims, but primarily because of relief that the results were not as bad as expected.
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OpinionComment: Why is Comet the latest retail casualty?
So, another leading high street name has collapsed. The administrators have indicated that they will continue to trade the business as they look for buyers.
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InterviewQ&A: Dalton Philips, Morrisons chief executive
As Morrisons report a 2.1% like-for-like sales fall in the third quarter, Alex Lawson asks Dalton Philips what the problems are, how he intends to turn the business around and if the company is on course for a profit warning.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer reported pre-tax profits fell 10% in the half year, with general merchandise lagging. City analysts share their views on the department store retailer’s performance.
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InterviewQ&A: Primark owner Associated British Foods finance director John Bason
As value fashion giant Primark sales and profits soar in its financial year ending September 15, Retail Week speaks to owner ABF’s finance director John Bason about the incredible performance.
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OpinionComment: Death and business rates
Two subjects are head and shoulders above all others in retail currently - and death is not one of them
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AnalysisGift vouchers in administration: What do retailers need to know?
Comet administrator Deloitte has suspended the use of gift vouchers at the stores. Retail Week takes a look how much vouchers are really worth in administration.