All City & finance articles – Page 177
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OpinionForget Westminster, save the high street at local level
In Wood Green, my local shopping centre, what was the BHS is now a Poundworld – and like BHS, it’s also destined for closure after collapsing into administration.
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NewsSainsbury’s posts flat first quarter like-for-likes
Sainsbury’s like-for-like growth edged up 0.2% in the first quarter as the grocer ploughed £150m into lowering prices.
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NewsFRC launches investigation into Conviviality collapse
Accountancy regulators have launched a probe into the dramatic collapse of booze retailer and wholesaler Conviviality.
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NewsSuperdrug hails 'momentum' as full-year profits jump
Superdrug has posted an increase in full-year profits and sales as it hailed “continued growth momentum” in key categories.
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NewsTime running out to save Poundworld, founder warns
Poundworld founder Chris Edwards, who wants to buy back the retailer, has accused administrator Deloitte of making a rescue deal more difficult by “wasting time”.
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NewsEve Sleep founder ousted after 'strategic missteps'
Direct-to-consumer mattress specialist Eve Sleep’s founder and chief executive Jas Bagniewski has left the business with immediate effect.
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NewsTesco and Carrefour set to enter strategic alliance
Tesco and Carrefour are preparing to create a global strategic alliance in a bid to offer “even lower prices” to customers.
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NewsAgenda: Sainsbury’s, Primark, Eve Sleep and Topps Tiles
Retail Week looks ahead to the next seven days, with updates from Sainsbury’s, Eve Sleep, Primark, Topps Tiles and Superdry on the agenda.
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NewsPoundland like-for-likes rise despite Steinhoff woes
Value variety store group Poundland has reported a rise in first-half like-for-like sales.
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NewsHomebase to axe a third of head office staff
Homebase is to cut 300 jobs at its Milton Keynes head office as it begins a turnaround programme following its disastrous ownership under Bunnings.
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OpinionOpinion: John Lewis update is a warning to all in retail
2018, and the many retailer collapses that it has brought, is not the end of the revolution engulfing retail. It may only be the start.
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NewsJD Sports boss Cowgill’s pay probed by investor group
An influential investor group has urged JD Sports shareholders to rebel against executive chairman Peter Cowgill’s pay package.
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NewsThe Original Factory Shop tables CVA proposal
The Original Factory Shop (TOFS) has become the latest retailer to launch a CVA amid harsh retail conditions, Retail Week can reveal.
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NewsCarpetright swings to massive full-year loss as sales fall
Carpetright swung to a loss amid falling sales last year as the struggling business launched a CVA.
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OpinionOpinion: Sainsbury's Coupe has cracks to paper over
Sainsbury’s boss Mike Coupe displayed his trademark sangfroid and politician-style equanimity when he was grilled by MPs over the Asda merger last week.
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NewsGoldsmiths owner drafts in bankers for London listing
Aurum Holdings, the owner of high street jewellery chain Goldsmiths, has drafted in bankers as it pursues a stock market float.
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NewsAgenda: Carpetright, John Lewis Partnership and Be Inspired
Retail Week looks ahead to the next seven days, with updates from Capetright and John Lewis Partnership on the agenda, as well as the Retail Week Be Inspired conference.
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NewsHouse of Fraser creditors vote through CVA
House of Fraser’s company voluntary arrangement has been passed by its creditors, paving the way for the closure of half of its estate.
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NewsDixons Carphone profits slump as sales fail to spark
Dixons Carphone has reported sliding full-year profits as tepid sales growth failed to offset “challenges in UK mobile” market.
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AnalysisIn quotes: Sainsbury's-Asda merger - from Mickey Mouse to cut throats
Asda chief executive Roger Burnley and Sainsbury’s boss Mike Coupe were hauled in front of the Commons environment, food and rural affairs committee on Wednesday morning.