All City & finance articles – Page 100
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NewsIndian giant Reliance Retail mulls Debenhams bid
Reliance Retail, which is owned by India’s richest man Mukesh Ambani, is reportedly considering a bid for part or all of Debenhams.
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NewsDFS swings to loss as sales slump in ‘disappointing’ year
DFS has fallen into the red in its preliminary results as sale declined, but boss Tim Stacey has stressed that the retailer’s performance has improved since stores reopened.
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EventsGrocers sales to benefit from hospitality curfews and working from home reversal
Grocery retailers are set to be the big winners from the latest round of government restrictions on hospitality venues, with sales settling in excess of 25% above pre-Covid levels.
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NewsNike eyes permanent shift online as digital sales soar in lockdown
Nike’s online sales surged during its first quarter as its direct-to-consumer strategy bore fruit during lockdown.
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NewsJoules ‘encouraged’ by recovery despite sales slide
Joules suffered a drop in sales during its first quarter as store closures dented its top line, but boss Nick Jones insists he is “encouraged” by the retailer’s recovery.
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NewsPrivate equity firm Lone Star drops out of race to buy Asda
US private equity firm Lone Star has reportedly dropped out of the bidding war to purchase Asda, leaving asset manager Apollo as the leading suitor.
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NewsWalmart TikTok deal in doubt after Trump calls for US ‘total control’
US president Donald Trump has poured cold water on the mooted Oracle and Walmart takeover of TikTok, demanding the US companies have total control over the app.
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NewsKingfisher ecommerce sales soar as Garnier praises ‘resilient’ results
B&Q owner Kingfisher has seen ecommerce sales soar in the first half of the year and pre-tax profits climb in what chief executive Thierry Garnier hailed as a “resilient” set of results.
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AnalysisSuperdry’s Dunkerton: Product and sustainability will see us through
Despite the hit to sales suffered by fashion retailers amid the coronavirus pandemic, Superdry chief executive Julian Dunkerton is positive that, barring absolute disaster, the retailer’s design overhaul and new strategy will set it up for long-term success.
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AnalysisAnalysis: Can retail survive a second national coronavirus lockdown?
As Covid restrictions tighten and the prospect looms of further ‘circuit breaker’ measures, Retail Week looks at how the industry would fare in a second lockdown.
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NewsPeacocks sale on cards as owner Day seeks valuation
The billionaire owner of Edinburgh Woollen Mill has asked for a valuation of the Peacocks business, potentially triggering a sale.
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NewsAsda deal could be struck this week
A sale of Asda could be agreed later this week by parent company Walmart, it is understood.
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NewsSuperdry cautious as coronavirus hits profits
Fashion retailer Superdry has cautioned that ongoing uncertainty and disruption because of the Covid pandemic may affect performance as it posted a slump in sales and profits.
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NewsAspinal of London launches CVA in bid to shutter stores and move online
British heritage brand Aspinal of London has proposed a company voluntary arrangement (CVA) with the aim of moving the brand online.
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NewsCzech billionaire ups stake in Sainsbury’s
Czech billionaire Daniel Kretinsky has taken a major stake in Sainsbury’s, making him the fouth largest shareholder.
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AnalysisEight reasons why Next boss Wolfson is feeling optimistic
Despite the troubles plaguing the fashion sector during the coronavirus pandemic, Next boss Lord Wolfson remains surprisingly upbeat about the future of the business. Retail Week finds out why.
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AnalysisAnalysis: Three ways Inditex beat the fashion blues to return to profit
Zara owner Inditex swung back into the black during its second quarter, despite the ongoing impact of the coronavirus pandemic.
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NewsJohn Lewis boss Wicks: Christmas trading to be ‘as good or better’ than last year
John Lewis’ new boss Pippa Wicks believes the department store will be able to match or surpass last year’s festive sales performance despite ongoing disruption sparked by the coronavirus.
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NewsJohn Lewis axes staff bonus after racking up first-half loss
Department stores and grocery business John Lewis Partnership has posted a first-half loss and told staff they will not receive a bonus this year.
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NewsCo-op profits climb following ‘exceptional’ food performance
Convenience retail and funerals group the Co-operative has posted a surge in profits after the coronavirus outbreak prompted shoppers to flock to its stores.