All City & finance articles – Page 22
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NewsBensons for Beds back in profit despite ‘challenging period’
Bensons for Beds has returned to an EBITDA profit, despite what it calls a continued challenging market and supressed consumer sentiment.
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NewsFreemans launches first credit offer in 13 years
Freemans has announced the launch of a new credit offer, its first in 13 years, in a bid to continue offering value and flexibility to shoppers.
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AnalysisNew John Lewis boss Peter Ruis on first steps to restoring retailer’s mojo
Staff at John Lewis Partnership may once again have missed out on their beloved bonus – for the second year in a row – but at least the famous retailer is back in the black.
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NewsJohn Lewis scraps bonus again despite return to profit
John Lewis Partnership has returned to profit following a period of losses as it enters a year of “significant investment” to refresh its plan.
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NewsDeliveroo posts narrowing losses in ‘resilient year’
Deliveroo has reported narrowing losses and an increase in revenue in what the group described as a “resilient year of growth” amid tough macroeconomic conditions.
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NewsMusic Magpie 'confident' despite decline in profit and revenue
Music Magpie has reported a decline in overall revenue and profit for the year ending November 30, 2023.
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NewsZalando adopts new strategy designed to power growth
International fashion pureplay Zalando expects to return to growth as it follows a new strategy.
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NewsZara owner Inditex posts surge in sales and profits
Fashion giant Inditex, owner of fascias including Zara and Bershka, has reported an increase in annual earnings and revenue, which it said was driven by “strong execution”.
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NewsMorrisons racks up annual loss of £1bn
Morrisons has suffered an annual loss of £1bn as it battled intense competition and laboured under the weight of debt.
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Opinion‘Recent retail volatility has created M&A bargains’
The stock market’s lacklustre interest in retail is beginning to reflect in bid activity from investors attracted by some extremely low valuations, observes Matt Truman
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NewsMango profits double as sales surpass €3bn for the first time
Mango has announced soaring profits and sales for the 2023 financial year, with sales surpassing €3bn (£2.64bn) for the first time.
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AnalysisHow issues around The Body Shop’s IP will shape its future
As The Body Shop’s woes deepen and one of its international businesses after another follows the UK arm into administration, Retail Week takes a look at what role the ownership of the retailer’s IP will play in shaping the brand’s future
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NewsAnn Summers sales and profits heat up as shoppers return to stores
Ann Summers has posted an increase in full-year sales and profits as Halloween proved a hit and customers returned to in-store shopping.
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NewsSuperdry lines up Hilco to secure £20m loan
Embattled fashion retailer Superdry is reportedly having discussions with one of its existing lenders, Hilco, to negotiate a new multimillion-pound funding facility.
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NewsHugo Boss sales hit €4bn for first time in record year
Fashion retailer Hugo Boss has posted sales of more than €4bn (£3.4bn) for the first time in its history in a “record” year for the business.
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NewsAbercrombie & Fitch sales surge across all regions and brands
Abercrombie & Fitch Co has posted a surge in sales in its fourth quarter and the full financial year, with sales up in all regions and across all brands.
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NewsFoot Locker records losses despite sales rise
New York-based sports retailer Foot Locker has reported a net loss, despite sales being ahead of expectation in the fourth quarter of 2023.
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NewsIssa brothers in talks to disentangle assets
Zuber Issa wants to buy out his older brother, Mohsin, from parts of their petrol station empire.
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NewsGreggs profits and sales on a roll in ‘record’ year
Greggs has posted booming profits and sales as market share reached an “all-time high” and the food-to-go retailer maintained its guidance for the 2024 financial year.
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NewsThe Body Shop administrators investigate missing millions
The Body Shop’s administrators are investigating claims of millions of unaccounted funds that were taken out of the business before its collapse.