All City & finance articles – Page 165
-
OpinionBryan Roberts: As rivals up their food game, so must M&S
Another day, another set of Marks & Spencer results that have more than a whiff of déjà vu.
-
NewsMulberry hit by House of Fraser collapse as sales plunge
Mulberry UK retail sales plunged 11% in its first half as House of Fraser administration and “soft” retail conditions bite.
-
NewsM&S profits rise but sales continue to fall
Marks & Spencer profits have risen but sales fell as boss Steve Rowe vows to “leave no stone unturned” in his quest to transform the business.
-
NewsMorrisons hails ‘strong’ third-quarter sales
Morrisons has hailed a “strong” third-quarter performance despite suffering a slowdown from its summer sales spike.
-
NewsThe Range posts profit fall after taking sterling hit
Profits at value general merchant giant The Range fell last year after the weakness of sterling hit performance.
-
NewsM&S considered splitting food and fashion arms
Marks & Spencer looked into separating its food and apparel divisions but opted not to after deciding it would not create shareholder value.
-
NewsAgenda: Sainsbury's, M&S, Morrisons, Primark and more
Retail Week looks ahead to the next seven days with updates from Marks & Spencer, Sainsbury’s, Morrisons, Primark and more on the agenda.
-
OpinionOpinion: Rapid change must be catalyst for innovation
Starting a new role always comes with lots of firsts. Just over six months into my position as Ikea UK and Ireland country retail manager and it’s been a long list of personal firsts as I look to build on the successes of my predecessor Gillian Drakeford.
-
NewsIkea UK sales buoyed by store openings and digital growth
Ikea has posted an increase in UK sales but insisted that the business would continue to evolve amid “a challenging retail and economic environment”.
-
NewsCarpetright ‘heavily impacted’ by CVA ‘disruption’
Carpetright has admitted that trading in the first half of its financial year has been “heavily impacted by disruption” from its CVA plan.
-
NewsConsumer confidence falls further in October
Consumer confidence faltered this month as shoppers concerns about their personal finances and the economy in the year ahead fell.
-
NewsNext sales decline accelerates in third quarter
Next has recorded a drop in its overall third-quarter sales despite full-price and online revenue both rising.
-
AnalysisRetail's credit crisis: does cut cover lead to collapse?
Retail is facing a credit crisis. In recent months trade credit insurers have pulled or reduced cover on some of the biggest businesses on the high street.
-
OpinionOpinion: ‘Fiscal Phil’ hasn’t rescued consumer confidence
Cheers of delight reverberated around the House of Commons as self-proclaimed ‘Fiscal Phil’ announced the “era of austerity coming to an end”.
-
NewsThe Budget: Hammond reveals £400m tax on tech giants
The Chancellor has taken aim at online giants and offered financial support to Britain’s struggling high streets as part of today’s Budget.
-
NewsPaperchase profits fall against 'tough' backdrop
Paperchase’s profits declined by half in its full-year results as it increased its online and international sales.
-
NewsAgenda: The Budget, Next and consumer confidence
Retail Week looks ahead to the next seven days with the Budget, a Next trading statement and the latest consumer confidence data all on the agenda.
-
NewsAmazon third quarter profits rocket as sales surge
Amazon has posted a surge in third quarter profits but delivered a muted festive sales forecast.
-
AnalysisAnalysis: Can battered Debenhams be turned around?
In last year’s annual report, Debenhams chief executive Sergio Bucher wrote: “We have built a plan that is good for our customers, good for our colleagues and, therefore, good for our shareholders.”
-
AnalysisDebenhams results: Bold strategy or desperate measures?
Debenhams has posted its biggest statutory loss on record and revealed plans to close 50 stores. Here are the City’s divided reactions to the results.