All City & finance articles – Page 223
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News
Ashley enters the fray as Agent Provocateur sale nears
Mike Ashley’s Sports Direct has emerged as a bidder in the race for struggling upmarket lingerie chain Agent Provocateur.
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News
McColl’s full-year profits slide despite rising sales
McColl’s has posted a drop in full-year profits after the acquisition of almost 300 Co-op stores weighed on its bottom line.
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News
Primark half-year sales spike amid ‘strong’ expansion
Primark expects to post a jump in total sales and like-for-likes in the UK during its first half following a “very strong” store opening programme.
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News
This week in retail: Primark's take on fashion market
Value fashion powerhouse Primark takes to the City catwalk this morning with a pre-close update ahead of next month’s interims.
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Analysis
Agenda: McColl's and Primark update the market
Retail Week looks ahead to the next seven days, with financial updates from McColl’s and Primark owner Associated British Foods both on the agenda.
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Gallery
In pictures: 48 hours on Clapham High Street
As he chronicled the life of a south London high street, photographer Jim Grover was surprised by the frightening change that higher business rates may herald.
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News
Today in retail: Is it a new Day for department stores?
Edinburgh Woollen Mill Group has snapped up a former BHS site in Wales, which is set to be named after the group’s owner Philip Day.
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News
Hotel Chocolat to launch in-store 'Chocolate Lock-Ins'
Hotel Chocolat is preparing to launch ‘Chocolate Lock-Ins’ at stores across the UK as it ramps up its experiential retail credentials, Retail Week can reveal.
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News
Hotel Chocolat unveils tasty profit and sales jump
Hotel Chocolat delivered a profit and sales jump in its half-year, sweetened by Christmas sales, new stores and an increase in online transactions.
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News
Today in retail: Asda stems the tide of falling sales
Asda may have recorded its 10th consecutive quarter of declining sales today, but new boss Sean Clarke was cautiously optimistic.
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Opinion
Opinion: Why Asda remains a work in progress
Asda has delivered a welcome improvement in its underlying trading performance as outlined through its fourth-quarter trading update, albeit same-store sales are still falling.
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News
Asda sales drop but rate of decline slows
Asda has suffered its tenth consecutive quarter of falling sales, but bosses hailed “early signs of improvement” as the rate of decline slowed.
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Opinion
Opinion: Rates hit high street and young firms hardest
A compromise on business rates looks possible, judging by some of the mood music from Westminster earlier in the week, but this outmoded system needs root and branch reform.
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News
Hammerson to offload property in new development focus
Hammerson is ready to offload more than £400m of property assets this year as it focuses its investment on new developments.
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Analysis
Analysis: Why has New Look fallen off track?
New Look did not fare well over the crucial Christmas quarter, with like-for-likes and profits both suffering.
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News
Argos to pay £2.4m to staff paid below minimum wage
Argos is shelling out £2.4m in wages after an HMRC investigation revealed it had underpaid more than 37,000 current and former staff.
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Analysis
Agenda: Asda and Hotel Chocolat update the market
Retail Week looks ahead to the next seven days, with Asda’s latest quarterly update and half year results from Hotel Chocolat both on the agenda.
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News
Homebase owner makes loss in UK amid Bunnings rebrand
Australian conglomerate Wesfarmers, which bought Homebase last February, said it made a pre-tax loss of £28m in the UK in its maiden half-year.
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News
Today in retail: Will inflation stunt consumer spending?
Retailers will have watched with interest today as the latest figures showed inflation has hit a two-and-a-half year high.
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Opinion
Opinion: Waitrose’s tough decisions are in its interests
Who’d have thought that just a year into his tenure, Waitrose managing director Rob Collins would be closing stores?