All Studio Retail articles – Page 7
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NewsFindel chairman Keith Chapman steps down
Keith Chapman the chairman of home shopping group Findel has stepped down from his role at the business.
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NewsFindel pre-tax losses to be higher after restatement
Home shopping group Findel is to restate results for the year to April 3, 2009, following a review of accounting entries within its education division.
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NewsFindel mulls offloading home shopping brands
Findel is understood to be planning to divest two of its home shopping brands, Confetti and I Want One of Those.
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Findel debt reduction plan on track
Home shopping group Findel said its debt reduction plan is on track and pledged to restore sales growth to key operations as it updated on the 39 weeks to January 1.
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NewsFindel like-for-likes slip 3%
Home shopping retailer Findel has reported like-for-like sales were down 3% for the 39 weeks to January 1.
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NewsFindel focuses on debt reduction as profits sink
Home shopping and educational supplies specialist Findel suffered a sharp drop in operating profits and made an overall loss due to debt refinancing for the six months to October 3, as the retailer sought to stabilise the business.
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NewsFindel reports first half loss
Home shopping group Findel has reported a loss for its first half but the retailer said it is confident its cost savings should help it to generate profit.
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NewsFindel appoints new chief executive
Findel has today appointed a new chief executive, Philip Maudsley, and announced that current chief Patrick Jolly will leave the home shopping group.
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NewsFindel focuses on costs as sales fall
Home shopping group Findel, which successfully raised £81m over the summer through a share placing and open offer, has posted a 5% fall in group like-for-like sales.
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NewsFindel concentrates on further reducing debt
Home shopping group Findel has reported like-for-like sales down 5% for the first 23 weeks of its financial year as it continues to focus on cash generation to further reduce net debt.
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NewsJD 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.
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NewsStrong support for Findel fundraising
Home shopping group Findel has said its £81m fundraising has received strong support from investors.
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NewsFindel 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.
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NewsFindel 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.
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NewsPromising 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.
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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NewsFindel 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.
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NewsCity 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.
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NewsBrokers 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 we are ...
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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 of cash-with-order ...