All City & finance articles – Page 166
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NewsAmazon third quarter profits rocket as sales surge
Amazon has posted a surge in third quarter profits but delivered a muted festive sales forecast.
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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.”
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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.
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OpinionOpinion: Debenhams needs more drastic changes – and fast
Debenhams today announced the worst annual results in its 240-year history, with a staggering £491.5m loss.
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NewsDebenhams suffers biggest ever loss, plans 50 closures
Debenhams has slumped to its biggest ever statutory loss and revealed it is to accelerate store closures in a bid to transform its fortunes.
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NewsSchuh profits slip after ‘lacklustre’ Christmas
Schuh has suffered a drop in full-year profits after it slashed prices to compete in what it called an “overtly promotional retail environment”.
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NewsDr Martens kicks up full-year profits as sales surge
Dr Martens has posted a stomping set of full-year results spurred by strong sales in what chief executive Kenny Wilson heralded as a “fantastic year”.
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NewsHome Bargains profits soar as sales surpass £2bn
Home Bargains has recorded a spike in full-year profits as it plots an aggressive store expansion drive.
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NewsAgenda: Debenhams and Travis Perkins update the market
Retail Week looks ahead to the next seven days with updates from Debenhams and Travis Perkins on the agenda.
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NewsIntu mulls potential bid from Whittaker-led consortium
Property giant Intu is considering a preliminary takeover offer from a consortium formed by Saudi Arabian and Canadian investors and led by John Whittaker.
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NewsOasis and Warehouse dealt credit insurance blow
Oasis and Warehouse have suffered a fresh blow after a clutch of credit insurers stopped offering cover to their suppliers.
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News
Asos profits soar as customer numbers rise
Asos has reported a 28% increase in full-year profits to £102m in “a year of substantial progress”.
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NewsSainsbury's-Asda: CMA to consider Aldi and Lidl impact
The competition watchdog will consider the impact Aldi and Lidl have had on the UK grocery market during its probe of the proposed Sainsbury’s-Asda merger.
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NewsFootasylum staggers to half-year loss as sales rise
Footasylum has recorded a pre-tax loss at the half-year mark in what executive chairman Barry Bown described as “a difficult trading period”.
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AnalysisCoast lost its way but finds good home in Karen Millen
Coast’s rescue by Karen Millen is a family affair with one bigger, stronger sibling taking over its ailing sister.
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AnalysisOpinion: Superdry shows fashion operates on knife edge
Superdry’s profit warning is just the latest in a series of bad updates from fashion retailers.
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NewsAccessories specialist Claire’s considers CVA
Claire’s, the accessories specialist with about 350 shops, is understood to be pondering a CVA.
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NewsSears files for bankruptcy as debt pile mounts
Sears has filed for bankruptcy protection after buckling under the weight of falling sales and a $134m (£102.1m) debt payment.
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NewsSuperdry warns on profit amid ‘unseasonably’ hot weather
Superdry has warned that sluggish demand for its autumn and winter ranges is expected to “adversely impact” its bottom line.
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NewsBooths hails 'progress' as full-year losses narrow
Booths has narrowed its losses as the retailer’s bosses ramp up plans to “transform the business”.