All City & finance articles – Page 2
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Opinion‘Supermarket share price rout is testament to Asda’s turnaround potential’
Asda is no spent force, but rival grocers’ share price clobbering sparked by the fear of price wars looks overdone, believes George MacDonald
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NewsGovernment plans to raise business rates to cost ‘600 shops and 5,500 jobs’
The government’s plans to raise business rates for the largest retailers puts over 600 stores and over 5,000 jobs at risk.
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NewsFormer Wilko boss takes up senior role at Poundland
The ex-chief executive of embattled variety store group Wilko has joined the leadership team of value specialist Poundland as its owner considers a sale, Retail Week can reveal.
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Opinion‘Return on capital employed is the one KPI every board needs’
Too many ignore a metric that crucially reveals whether a management team is building a better business for its owners, not just a bigger one, argues True’s Matt Truman
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NewsWaterstones boss teases idea of a London stock exchange float
The boss of Waterstones James Daunt has teased the idea of floating the book retailer on the London stock exchange.
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NewsFenwick drafts in restructuring experts as it aims to cut costs
Department store chain Fenwick has called in restructuring experts as it aims to cut costs following several loss-making years.
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NewsAsda profits improve off the back of strong George performance
Asda has reported an improvement in profits driven by a strong non-food performance headlined by clothing giant George.
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NewsSchuh slashes jobs as part of business restructure
Footwear retailer Schuh has made a number of redundancies across the business as part of a restructure in a bid to cut costs, Retail Week understands.
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NewsInditex boss hails ‘strong commitment to growth’ as sales and profits jump
Inditex said it had a “strong commitment to profitable growth”.
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AnalysisWhat next for WHSmith’s high street business as ownership race heads into final furlong?
Critics often said that if WHSmith didn’t exist, no one would bother to invent it. Yet, as things stand, there are at least two private equity firms battling it out to acquire the brand, even if it likely won’t come with the name.
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News‘Debenhams is back’: Multi-year turnaround is complete as Boohoo Group rebrands
Boohoo Group has said “Debenhams is back” as the business has now been “successfully” turned around since it was acquired out of administration in 2021.
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NewsUK retail sales inch up but gloomy weather drags down fashion
UK retail sales inched up in February, although gloomy weather hampered fashion and non-food categories were generally muted.
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NewsMango goes from strength to strength as profits and sales soar
Spanish fashion giant Mango has delivered another strong set of results, reporting an increase in both turnover and profits.
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NewsRace for WHSmith high street business down to two bidders
The expectation is that a deal is being targeted for April.
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Opinion‘Boots faces uncertain time as new owners prepare to take control’
Boots is doing well, but the sale of parent Walgreens Boots Alliance raises questions about the future ownership of the UK High street institution, says Retail Week executive editor George MacDonald. A sale or IPO of Boots may follow. And what role might dealmaker Stefano Pessina play?
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NewsCo-op staff vote to accept ‘above-inflation pay award’
C-store specialist Co-op has announced that its store colleagues have voted to accept an above-inflation pay award seeing hourly pay rates increase to at least £12.60.
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NewsNew owner for Boots as parent Walgreens acquired in $10bn deal
Walgreens Boots Alliance, owner of Boots in the UK, is to be sold to a private equity group.
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NewsPepco ‘actively exploring separation options’ for Poundland
Pepco Group has said it is “actively exploring separation options” for Poundland as it aims to focus on a single format and move away from fast moving consumer goods (FMCG).
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NewsFebruary footfall rises thanks to half-term and Valentine’s Day
UK retail in February saw a rise in footfall across all destinations as shoppers took advantage of the half-term break and Valentine’s Day.
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NewsBoots owner Walgreens on the verge of $10bn private equity takeover
US based owner of Boots, Walgreens Boots Alliance, is close to a $10bn takeover by a private equity firm.
