All Studio Retail articles – Page 7

  • Kitbag

    JD Sports front-runner to buy Kitbag from Findel


    JD Sports Fashion looks to be continuing its spending spree and could snap up online sports offer Kitbag from home shopping group Findel.

  • Strong support for Findel fundraising

    Strong support for Findel fundraising


    Home shopping group Findel has said its £81m fundraising has received strong support from investors.

  • FindelLiving

    Findel initiates share placing to tackle debts


    Home shopping group Findel has begun an £81m capital raising to help reduce debt and assist it with future growth. 

  • FindelLiving

    Findel to raise £81m to accelerate debt reduction


    Home shopping retailer Findel has announced a £81m capital raising to accelerate its debt reduction plans and revealed a slump in full-year pre-tax profits.

  • M S big store 2

    Promising updates lift general retail stocks


    Encouraging weekly numbers from John Lewis, hopes that Marks Spencer’s first-quarter update would beat bearish expectations and a profits rise at HMV helped lift general retailers.

  • FindelLiving

    Findel considers rights issue


    Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.

  • FindelLiving

    Findel mulls rights issue after disappointing year


    Home shopping group Findel is considering a rights issue among other changes to its funding arrangements and has revealed a disappointing financial performance.

  • rw next 2

    City encouraged by general retail outlook


    Food stocks dipped this week while general retailers continued to outperform, with brokers encouraged by some prudent management outlined in the updates.

  • Out-of-favour Tesco is tipped to return to form when it posts results on Tuesday

    Brokers unmoved by surging retail stocks


    Rocketing store shares prompted open-jawed amazement on the part of some analysts, who are convinced the market has got ahead of itself. Fresh back from his holidays, Pali’s Nick Bubb clocked the “astonishing” surge of the past few weeks but maintained his bear stance. “Green shoots can quickly shrivel and ...

  • News

    City supports Findel’s closure of two brands


    Home shopping group Findel’s decision to close its loss-making Cotswold Company and Letterbox brands has been welcomed by the City. The decision, which followed a strategic review announced in February, will eliminate losses and costs of £8m in 2008/09. Findel will also close central administration functions associated with its group ...

  • News

    Findel axes Cotswold Company and Letterbox


    Home shopping retailer Findel has decided to shut down its Cotswold Company and Letterbox brands after the completion of its strategic review.

  • News

    Findel brands under review as home shopping slide continues


    Home shopping group Findel has put two of its brands under review as sales at its home shopping division continued to slide, falling 6 per cent in the 44 weeks to February 6.

  • News

    Findel assesses future of underperforming brands


    Home shopping group Findel has reported group sales down 3 per cent for the 44 weeks to February 6 compared to the same period last year.

  • News

    Findel profits up


    Home shopping group Findel has reported a total pre-tax profit of 5.7 million in the six months to September 30, up from 2.5 million the year before.

  • News

    Interest rate cut met with caution by analysts


    The Bank of England’s shock decision to slash interest rates to 3 per cent will help heavily indebted retailers, but analysts remain cautious about the immediate impact on consumers.

  • News

    Findel posts flat sales


    Findel, the home shopping group, has revealed robust first-half sales but warned it expects consumer spending to slow.

  • News

    Findel sales rise


    Home shopping company Findel has revealed a 2 per cent increase in group sales for the 19 weeks to August 15.

  • News

    Findel sales up


    Home shopping group Findel has disclosed a 3 per cent rise in group sales in its second quarter, compared with the same period last year.

  • News

    Findel to halt recruitment of new higher-risk customers


    Home shopping retailer Findel will stop recruiting higher-risk new customers to its credit business and focus on driving revenues from its established customer base, after a “disappointing” year.

  • News

    Findel profit warning feeds City fears for home shopping sector


    Home shopping group Findel issued a profit warning last week, after it was forced to increase provisions for bad debt by 5 million.