All Banking & financing articles – Page 3
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VideoWatch: Socially aware consumers want actions not words from retailers
Actions speak louder than words when it comes to sustainability in the retail industry, a panel of industry experts have agreed.
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Retail VoiceHow retailers can prepare for the new digital upheaval
The ecommerce experience is in the midst of being totally revolutionised, particularly when it comes to payments, says Leon Muis of Yolt Technology Services.
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NewsSuperdry takes out asset backed loan as sales slump due to coronavirus
Fashion retailer Superdry has opened a new asset backed lending (ABL) facility with its lenders as sales for the first quarter slumped due to the ongoing pandemic.
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AnalysisBorrowed time: Is retail hurtling towards a credit crunch?
When the government shut all non-essential retail stores in March many businesses were forced to increase borrowing to simply stay afloat. But are these levels of debt unsustainable? Retail Week looks at whether retail is facing a ticking liquidity time bomb.
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NewsHotel Chocolat opens new credit line as Easter sales hit by lockdown
Hotel Chocolat has opened a new line of credit with its bankers following a subdued Easter sales period due to the coronavirus lockdown measures.
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NewsDFS in ‘advanced stages’ of financing discussions as it mulls equity raise
DFS has said it is in “advanced stages” of negotiation with lenders over additional financing and is mulling the possibility of an equity raise as it battles to ride out the coronavirus storm.
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NewsLaura Ashley to ‘consider options’ in scramble to secure funds
Laura Ashley has admitted it will “consider all appropriate options” if it cannot strike a deal to borrow additional cash from its lenders.
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NewsThe Hut Group secures loan to invest in digital strategy
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
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NewsEx-Sainsbury’s boss urges VAT increase to save high street
Former Sainsbury’s chief executive Justin King has said business rates for retailers should be halved and VAT increased to 22% in a bid to save the flagging high street.
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Retail VoiceFive requirements for today’s retail finance teams
Sage offers its take on how finance departments can help retailers unlock success in the face of technological advancements
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AnalysisAnalysis: How retailers can avoid a pounding from a weak sterling
After sterling slumped to a two-year low as the threat of a no-deal Brexit looms ever larger, Retail Week analyses what retailers can do to mitigate the pain of a weak pound.
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AnalysisIs Boots boss Seb James right to be worried about a recession?
Boots boss Seb James has predicted a recession is on its way, but are his fears of an economic downturn well grounded?
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NewsNew Look completes debt restructure
New Look has completed its restructuring, slashing its debt to enable it to invest in its turnaround strategy.
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NewsSports Direct offers Debenhams £150m loan lifeline
Sports Direct has offered to bail out Debenhams with a £150m loan in exchange for additional equity in the business.
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NewsNew Look strikes deal to slash £1.3bn debt pile
New Look has struck a debt-for-equity deal with a group of key stakeholders in a bid to shore up its balance sheet.
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Retail VoiceWhen it comes to investment we’re all in it together
Profit warnings from leading etailers demonstrate the battle doesn't just lie in online v physical, but in challenges faced by the industry as a whole.
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OpinionRichard Hyman: The Black Friday drug is killing retailers
Black Friday kicks off the last lap in the trading year.
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NewsHomebase secures £95m loan to finance turnaround
Homebase has secured a war chest to help finance its turnaround plans.
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NewsHouse of Fraser in ‘default’ on loans, Moody’s says
House of Fraser has been judged to be in technical default on its loans as the embattled business fights to stave off financial ruin.
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NewsDebenhams denies cash crisis after credit insurance cut
Debenhams has insisted it is in a “healthy” financial position despite suffering a cut to its credit insurance.