All City & finance articles – Page 204
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News
John Lewis sales spurred by fashion and electricals
John Lewis sales spiked last week as womenswear and electricals drove the department store chain’s performance.
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News
Hut Group snaps up Glossybox and hits £2.5bn valuation
The Hut Group’s latest funding round has more than doubled its valuation as the health and beauty etail group acquired cosmetics subscription business Glossybox.
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Opinion
Opinion: Asda sales will prove it is past its nadir
It’s been a long, dark tunnel for Asda – one it has been attempting to crawl its way out of for almost three years.
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News
Amazon's European retail business pays just £15m in tax
Amazon’s European business paid just €16.5m (£14.95m) in tax last year, despite raking in revenues of €21.6bn (£19.57bn).
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News
Agenda: Asda and Kingfisher report second quarter results
Retail Week looks ahead to the next seven days, with updates from Asda and Kingfisher on the agenda.
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News
Toys R Us full-year profits jump despite falling sales
Toys R Us’ pre-tax profits rocketed in its latest full year, but sales dipped amid what the retailer described as a ‘competitive market environment’.
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News
Scalpel or axe? How retailers should seek to streamline
As the likes of Tesco, John Lewis, Sainsbury’s and Asda streamline their cost bases, Lawrence Hutter explores the departments where retail’s axe is likely to fall.
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News
Card Factory sales spike amid store expansion plan
Card Factory has posted a jump in like-for-like sales during its first half as the business presses ahead with a drive to broaden its proposition.
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News
ScS like-for-likes slip against ‘tough comparatives’
In a pre-close update, ScS said order intake slipped 0.7% on a like-for-like basis in its full year as it came up against tough comparatives.
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News
Cath Kidston profits jump as international arm blooms
Cath Kidston’s full-year profits surged as “essential Britishness” struck a chord with shoppers in its overseas markets.
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Opinion
Ten years on, credit crunch lessons still apply
Ten years ago today, August 9, 2007, “the world changed”.
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News
White Stuff profits drop in 'a year of investment'
White Stuff has posted a drop in earnings following “a year of investment” into its store expansion plan.
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News
Pets at Home sales rise driven by services arm
Pets at Home has posted a sales upswing as its veterinary services drove growth in what boss Ian Kellett hailed as a “strong” first quarter.
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News
Sports Direct investors desert Ashley-owned firm
Sports Direct’s independent investors are deserting it, as some suspect the retailer may never resolve its corporate governance crisis.
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News
Agenda: Pets at Home and DFS update the market
Retail Week looks ahead to the next seven days, with updates from Pets at Home and DFS on the agenda.
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News
Wyevale close to refinancing debt after losses mount
Wyevale Garden Centres is close to securing new funding that will put it on a stronger footing after racking up losses of around £100m last year, Retail Week understands.
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News
Today in retail: DFS and Sofology cosy up
It’s fast becoming a week of deals in the retail sector, with consolidation seemingly the order of the day.
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News
Yoox Net-a-Porter profits climb in first half
Yoox Net-a-Porter has reported a rise in sales and earnings in the first half of the year.
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News
Next full-price sales edge up in second quarter
Next has posted a 0.7% rise in full-price sales in the second quarter, helped by warm weather.
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Opinion
Opinion: Asda – is this the long-awaited nadir?
As Asda pre-tax profits plummet 18.8%, is this rock bottom for the grocer? Ged Futter fears not.