All City & finance articles – Page 205
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News
Asda suffers full-year profits and sales slump
Asda’s full-year performance fell “behind expectations” as the struggling grocer’s profits and like-for-like sales declined.
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News
Wickes owner Travis Perkins profits dip as headwinds hit
Travis Perkins’ profits slipped in its first half, during which the group was impacted by weakening housing transactions and consumer confidence, as well as cost inflation.
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News
Apple sales boosted by its burgeoning services arm
Technology giant Apple said its services division, including Apple Pay, the App Store and Apple Music, helped drive sales in its third quarter.
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Analysis
What the Morrisons-McColl’s deal means for grocery M&A
Morrisons’ surprise deal to supply convenience specialist McColl’s took the grocery wholesale and retail world by surprise today.
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News
Morrisons pens ‘ground-breaking’ McColl’s supply deal
Morrisons has penned a lucrative wholesale deal to supply McColl’s convenience stores and newsagents across the UK.
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News
Booths to undergo review after struggling with loans
Booths will undergo a financial review after nearly breaching its loan terms, which may result in its owners making a one-off payment to retain independence.
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Opinion
Opinion: Amazon profit drop is only bad news for rivals
While many other retailers are bumping along the bottom in terms of growth, Amazon increased its sales line by almost a quarter.
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Analysis
Roundtable: Invest despite Brexit woes, say retailers
Regaining shopper trust and investing in staff and skills should be top of the agenda for retailers as we prepare for a post-Brexit future.
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News
Consumer spending power down across Britain
Discretionary spending power has shrunk across three-quarters of the UK, according to the Asda Income Tracker.
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News
Matchesfashion.com owners explore sale options
Matchesfashion.com’s owners are reportedly exploring potential sale options, hunting for advisers to manage the process.
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News
Agenda: Next and Wickes owner Travis Perkins update
Retail Week looks ahead to the next seven days, with financial updates from Next and Wickes owner Travis Perkins both on the agenda.
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News
Sports Direct ups French Connection stake to 27%
Sports Direct has increased its stake in French Connection to 27% after snapping up shares from two of the fashion chain’s activist investors.
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News
Bonmarché sales advance as turnaround bears fruit
Bonmarché unveiled an increase in both online and store sales in its first quarter as the fashion retailer’s new strategy began to pay off.
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News
Today in retail: American Eagle flies away home
Merely three years after hatching its UK business, American Eagle is spreading its wings and flying away home.
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News
MySale profits jump as customer numbers increase
Online flash sales business MySale has registered a jump in full-year earnings, driven by a spike in customer numbers and gross margin gains.
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News
Joules profits surge in first full year since IPO
Joules has posted rocketing profits and sales in its first full year since floating on AIM.
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News
Retail rich list 2017: The industry’s wealthiest 100
Retail Week’s list of the top 100 richest retailers has uncovered record wealth, a surprisingly high proportion of new entries and a new number one.
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News
Games Workshop sales soar as it ups profit forecast
Games Workshop has posted a leap in its full-year sales and said profits for its current financial year are “likely to be above market expectations”.
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News
Michael Kors to buy Jimmy Choo for £896m
Fashion brand Michael Kors is set to snap up Jimmy Choo with a bid valuing the luxury footwear retailer at 230p per share.
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News
Bathstore records rise in full-year profit
Bathstore has reported a rise in gross profit – its preferred measure – and sales in its last financial year.