All City & finance articles – Page 152
-
NewsUpdate: Battle for Debenhams heats up
Debenhams has secured a £200m funding injection as the business battles to secure its future amid the overtures of Sports Direct.
-
NewsMike Ashley rules out buying Arcadia ‘even for £1’
Sports Direct owner Mike Ashely has launched an attack on Sir Philip Green, insisting he wouldn’t buy his Arcadia retail empire even “for a pound”.
-
NewsGame profits increase driven by cost-cutting programme
Game has posted an increase in profits at the half-year mark despite falling sales, in what boss Martyn Gibbs described as “a challenging retail environment”.
-
NewsTed Baker full-year profits slide as sales rise
Ted Baker has posted a steep decline in its full-year profits despite increased sales, which acting boss Lindsey Page attributed to “difficult trading conditions.”
-
NewsNext full-year profits edge down as store sales decline
Next has recorded a dip in pre-tax profits in its full-year results as falling sales in its stores were offset by rises across its online and brand sales.
-
NewsRetail crime costs up to £1.9bn in 2018
The latest BRC Retail Crime Survey shows that spending on prevention and losses from crime cost the retail sector £1.9bn in 2018.
-
NewsThe Entertainer sales and profits climb
The Entertainer recorded a rise in profits bolstered by strong like for likes, which founder Gary Grant credited to its ”enthusiastic, loyal staff”.
-
AnalysisStore gallery: Lush boss smells success with new format
As Lush opens its biggest store to date in Liverpool, Retail Week speaks to boss Mark Constantine about the retailer’s full-year results and bold bricks-and-mortar ambitions.
-
NewsOffice Outlet collapse puts 1,200 jobs at risk
Office Outlet, the stationery chain formerly known as Staples, has tumbled into administration just two years after its rebrand.
-
NewsOcado to rebuild Andover warehouse following fire
Ocado has committed to rebuilding its Andover warehouse that was gutted by a fire, despite admitting the site is “ruined”.
-
NewsScS profits increase in challenging market conditions
ScS, the upholstered furniture specialist, has reported an increase in half-year profits but said trading conditions remain uncertain.
-
NewsBonmarché issues fresh profit warning after March setback
Bonmarché has warned that it will make a worse than expected loss this year after tough trading in March.
-
NewsOcado sales advance despite warehouse fire
Ocado has posted an increase in sales in its first quarter, when a fire hit its Andover warehouse.
-
NewsAsos posts sales rise as UK outperforms and US lags
Asos has recorded a rise in quarterly sales after a strong showing in the UK, but high demand in the US caused dispatch problems there.
-
OpinionWhy JD Sports' play for Footasylum makes tactical sense
What a difference a month makes. In February, after securing an 8.3% stake in Footasylum, sports fashion titan JD Sports insisted it was “not intending to make an offer” for its athleisure rival.
-
NewsNew Look to shut all stores in Poland
New Look will shut its Polish operations as part of its management team’s bid to turn the business around.
-
NewsJD Sports to buy Footasylum in £90m deal
JD Sports has made a recommended cash offer for embattled counterpart Footasylum.
-
NewsProperty giants refuse to work on Arcadia CVA
Leading retail property agencies CBRE and JLL have made clear they will not assist Arcadia tycoon Sir Philip Green with a CVA of the fashion group.
-
NewsDebenhams considering pre-pack option
Debenhams is considering a pre-pack administration in a bid to prevent the struggling department store group from falling into Mike Ashley and Sports Direct’s grasp.
-
NewsAgenda: Asos, Next, Kingfisher and Ocado update the market
Retail Week looks ahead to the next seven days with results from Next and Asos, plus the latest Brexit vote, all on the agenda.