All City & finance articles – Page 102
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NewsTravis Perkins profits fall following store closures
Travis Perkins has announced a decline in both profits and revenues after closing 165 stores in June, but the retailer remains adamant it is now on the path to recovery.
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NewsJD Sports half-year profits slide as online sales costs mount
JD Sports has delivered a fall in pre-tax profit at the half-year mark despite a minimal sales decline due to steep costs associated with fulfilling its online orders.
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NewsHalfords records sales acceleration but warns of ‘significant uncertainty’
Halfords has posted a surge in sales during the pandemic period driven by a spike in demand which has seen both its cycling and motoring divisions deliver growth.
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NewsNew Look requires backing of half of large landlords to pass CVA
Embattled fashion retailer New Look will need to convince at least 10 of its 20 largest landlord creditors to support its CVA or risk “Armageddon”.
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NewsBooker chief executive Charles Wilson to step down early next year
Booker chief executive Charles Wilson will stand down after 15 years with the wholesaler in February, Tesco has announced.
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NewsNew Look landlords accuse retailer of inconsistency as CVA teeters
New Look is facing an uphill battle in convincing landlords to vote in favour of its CVA, with many store owners growing increasingly disgruntled about the retailer’s perceived lack of transparency in negotiations.
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NewsMorrisons wades into pricing wars as recession begins to bite
Supermarket chain Morrisons has become the latest of the big four to invest in pricing by slashing prices on more than 400 essential products.
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NewsPrimark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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AnalysisAnalysis: Five retailers that could be Britain’s next £1bn brand
With Gymshark securing unicorn status last month, just eight years after it was founded by former pizza delivery boy Ben Francis, who could be next? Retail Week looks at the businesses that have the potential to become Britain’s next £1bn brand.
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NewsDebenhams boss: ‘We’re not on a cliff edge’
Debenhams chair Mark Gifford has said the department store group is trading better than expected, providing reassurance amid speculation about its future.
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NewsTopps Tiles names new chief financial officer
Specialist retailer Topps Tiles has appointed Stephen Hopson as its chief financial officer.
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AnalysisAnalysis: How can city centres rebound in a coronavirus world?
As one-time commuters predominantly continue to work from home post-lockdown, Retail Week assesses what can be done to encourage people to return to hard-hit city centres
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NewsEve Sleep raises full-year expectations as lockdown spurs sales
Direct-to-consumer mattress brand Eve Sleep has raised its expectations for the full year, after successive months of growth.
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NewsLego set to open 120 new stores amid lockdown sales surge
Lego has announced plans to open 120 new stores this year, following a leap in the number of adults using the building kits during lockdown.
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NewsB&M set to enter FTSE 100 as pandemic sales climb
B&M will bump ITV out of the FTSE 100 in a quarterly reshuffle as the discount retailer’s market value rose by nearly a quarter during the year.
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NewsAsda revives ‘Asda Price’ campaign as part of £100m spending salvo
Grocer Asda has bought back its ‘Asda Price’ campaign to promote a £100m investment in reducing prices on thousands of own-brand and branded products.
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Retail VoiceHow to tackle the global tax challenge
Often overlooked, but utterly integral, tax compliance is more important than ever before as businesses become increasingly global, says Avalara’s Jake Estes.
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NewsDebenhams deadline for rescue bids looms
Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.
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NewsM&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.