All City & finance articles – Page 118
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NewsBoohoo full-year sales and profits soar in ‘great’ year
Boohoo has reported a strong rise in its preliminary sales and profits as boss John Lyttle said the coronavirus pandemic had highlighted the “key strengths” of the business.
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OpinionOpinion: Amazon-Deliveroo CMA verdict must spark more collaboration
It was a judgement that should have been reached a long time ago, but one that, given its timing, could carry far greater significance for retail.
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NewsJoules accesses extra financing as online sales outperform
Apparel retailer Joules has successfully struck new financing arrangements and reported better than expected online sales.
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NewsPrimark warns of challenging store reopening process post-coronavirus
Value fashion giant Primark has signalled that reopening stores after the coronavirus pandemic is likely to be a “complex” process to ensure the health and safety of staff and shoppers.
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NewsCath Kidston to shut UK stores in pre-pack deal
Fashion retailer Cath Kidston’s 60 UK stores are likely to be closed and the business will focus on trading online and wholesale.
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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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NewsDebenhams strikes deal with landlords to keep most stores open
Debenhams has agreed on terms with landlords that will enable most of its stores to carry on trading following the department store group’s administration last week.
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NewsGousto secures £33m investment as coronavirus boosts sales
Recipe box firm Gousto has secured £33m in new funding from investors as the coronavirus lockdown has seen a growth in the meal-kit market.
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NewsGovernment expands loan scheme as lockdown extended for three weeks
The Treasury has said businesses that turnover more than £500m will now be able to apply for government-backed support as it extended the coronavirus lockdown by at least three weeks.
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NewsOasis and Warehouse tipped into administration by pandemic
Fashion retailer Oasis and sister business Warehouse have collapsed into administration as the coronavirus outbreak pushed them over the edge.
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OpinionOpinion: Forget dividends and rates – grocers are heroes, not villains
How quickly judgements can be questioned in the court of public opinion.
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NewsOasis and Warehouse on brink of collapse with 2,300 jobs at risk
Fashion retailer Oasis and Warehouse is on the brink of collapse putting 2,300 jobs at risk due to the ongoing coronavirus outbreak.
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NewsGovernment plots fresh overhaul of emergency coronavirus loans
The government is preparing a fresh overhaul of the emergency loan packages on offer for larger businesses battling to survive the coronavirus pandemic.
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AnalysisAnalysis: Five qualities fashion retailers will need to survive the coronavirus crisis
Of all the categories of retail that have suffered from the coronavirus pandemic, fashion has arguably been hit the hardest. Retail Week looks at five key considerations that will see fashion retailers through to the other side.
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NewsGreggs raises £150m through government coronavirus finance scheme
Greggs has accessed £150m in new finances to help see it through the ongoing coronavirus pandemic via the government’s corporate financing scheme.
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NewsGreen to borrow against distribution centre as Arcadia seeks £50m
Arcadia owner Sir Philip Green wants to borrow £50m against one of his fashion group’s new distribution centres as his stable of brands fights for survival.
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NewsNaked Wines sales to exceed £200m as lockdowns raise demand
Naked Wines has said its full-year 2020 revenues will be in excess of £200m due to higher levels of demand from new and repeat customers under lockdown because of coronavirus.
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AnalysisThe Big Question: Can department stores survive coronavirus crisis?
As Debenhams tumbles into administration for the second time in a year and Fenwick makes sweeping leadership changes, Retail Week asks industry experts for their view on whether department stores can survive the coronavirus crisis.
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AnalysisAnalysis: How coronavirus is really impacting Tesco
Tesco unveiled its full-year results today, but another stellar 12 months of profit and margin gains played second fiddle to its ongoing response to the coronavirus crisis.
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NewsAsos profits jump as it orders £200m equity raise to cope with coronavirus
Asos has launched an equity share raise and extended its revolving credit facility to deal with the impact coronavirus on its business.