All City & finance articles – Page 150
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NewsDunelm delivers ‘strong' third-quarter sales growth
Dunelm has recorded a rise in its third-quarter sales as the retailer was spurred by an uplift in sales across its stores and online.
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NewsTesco full-year profits climb as turnaround bears fruit
Tesco’s profit and sales rose as boss Dave Lewis says the grocer has “met or are about to meet the vast majority of our turnaround goals”.
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NewsAsos profits plunge as international costs bite
Asos has reported a nosedive in interim profits, which boss Nick Beighton attributed to “major capex” costs that “inevitably involved significant disruption and transition costs”.
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OpinionOpinion: JD Sports has plenty of track left to run
JD Sports holds the unique position of being both Sports Direct’s biggest rival and, in many ways, its polar opposite.
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AnalysisAnalysis: What next for Debenhams?
Debenhams’ lenders took control of the department store business today through a pre-pack administration, and a sale is now likely to be pursued.
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NewsChinese firm closes in on LK Bennett acquisition
A Chinese firm which supplies LK Bennett is closing in on a deal to buy the beleaguered fashion retailer from administrators.
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OpinionDebenhams needs renewed purpose post-administration
The redundancy of Debenhams’ once-vaunted claim to be ‘Britain’s favourite department store’ was sadly laid bare as it fell into a pre-pack administration today.
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CartoonRetail cartoon: Debenhams faces Mike's lie detector
Patrick Blower’s take on Mike Ashley demanding members of Debenhams’ board take a lie detector test, as he tries to take control of the department store group.
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NewsDebenhams' lenders poised to take control as Sports Direct spurned
Debenhams’ lenders are expected to take control of the department store group after conditions for further funding were not met and no deal was struck with potential buyer Sports Direct.
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NewsPre-pack looms as Debenhams shuns Ashley
Debenhams has rejected Sports Direct’s offer to underwrite a £150m equity issue, bringing the department store business one step to closer to pre-pack administration.
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NewsAshley offers to underwrite Debenhams equity issue
Sports Direct boss Mike Ashley proposed to underwrite a £150m equity raise for existing Debenhams shareholders but has also called for members of the department store group’s board to take a lie detector test.
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NewsAgenda: Tesco, Asos and WHSmith update the market
Retail Week looks ahead to the next seven days with Tesco, Asos, WHSmith and Dunelm update on the agenda
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NewsPrivate equity 'has no place in retail', argues Knight Frank
A new report has lambasted the “traditional private equity” model, saying it has no place in the retail sector.
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NewsNew Look operations boss Monaghan exits
New Look managing director of group operations Dan Monaghan will depart the business in a senior management team restructure, Retail Week can reveal.
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NewsCo-op revival continues as profitability ‘exceeds expectations’
The Co-op has said its profitability “exceeded expectations” in 2018, driven by its acquisition of grocery wholesaler Nisa and strong performance in food.
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NewsFormer Superdry boss Sutherland in line for £730,000 payoff
Superdry’s former chief executive Euan Sutherland is set to receive a £730,000 payoff from the fashion brand, after his resignation at the reappointment of Julian Dunkerton.
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NewsAO sales peak as Europe drives growth
AO.com expects revenues to rise this year thanks to a growth spurt in Europe.
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NewsMothercare sales fall as it claims 'significant progress'
Mothercare like for likes fell in its fourth quarter but the retailer hailed “significant strategic progress and full-year profit in line with market expectations”.
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OpinionOpinion: Philip Day has given Bonmarché a lifeline
Philip Day has secured the survival of previously written-off brands such as Jane Norman, Peacocks and Jaeger despite stronger competition and downbeat consumer sentiment.
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OpinionOpinion: He won the battle – now begins Dunkerton's war
Julian Dunkerton has won his campaign to return to the business he co-founded, having engineered a boardroom coup.