All City & finance articles – Page 235
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News
BHS bosses could see legal action over cash
BHS bosses are facing legal action from the department store chain’s biggest creditor, the Pension Protection Fund (PPF).
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News
Bonmarché profits and sales slide in first half
Bonmarché boss Helen Connolly has pledged to return the business to growth, following plunging like-for-likes and profits in its first half.
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Analysis
Tesco: Five takeaways from the grocer’s strategy briefing
Tesco’s top brass have updated on the progress being made on reinvigorating the business. Here we draw out some key points.
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News
Gap sales slide for seventh consecutive quarter
California-based fashion retailer Gap said sales fell 1.5% to $3.8bn during its third quarter, with like-for-likes sliding 3%.
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Analysis
Infographic: Mike Coupe on making price predictions and Sir Peter Rogers blasts business rates
The week in words and numbers, November 18 2016: Mike Coupe on predicting price rises, Aldi and Lidl slow, and Sir Peter Rogers blasts business rates.
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News
Agenda: Kingfisher, Bonmarché and Black Friday
Retail Week looks ahead to the next seven days with updates from Bonmarché, Kingfisher, AO.com and Mothercare preceding Black Friday.
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News
Tesco to sell 'air rights' above stores
The sky is the limit for Tesco as it aims to exploit “air rights” above stores to release value from its property portfolio.
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Analysis
Opinion: Walmart must give Asda's new Clarke a long leash
It’s rather difficult to think of Asda these days without blowing out your cheeks and asking why they thought it would be any different.
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News
Majestic to up prices as it predicts Black Friday decline
Majestic’s boss has warned of price rises for UK wine drinkers, saying that increases will be the case at all UK retailers.
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News
Asda like-for-likes tumble 5.8% in third quarter
Asda has posted a ninth consecutive quarter of falling like-for-likes as the Walmart-owned retailer reported a 5.8% slide in comparable sales.
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News
Majestic Wine swings to half-year loss, but Gormley confident
Majestic Wine has reported a first-half loss of £4.4m, but sales rose and boss Rowan Gormley insists the “plan is working”.
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News
Ted Baker sales stay strong despite "challenging" conditions
Ted Baker has posted a 14.8% jump in third-quarter group sales despite continued “challenging trading conditions”.
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Analysis
What Morrisons’ latest deal with Amazon means for food etail
Morrisons, once seen as an online slowcoach, is increasingly making up for its slow start.
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News
B&M half-year profits climb as new stores drive growth
B&M has recorded an increase in profits during its first half as new store openings across the UK and Germany drove sales growth.
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News
Card Factory sales jump as it targets store expansion
Card Factory has posted a jump in sales over the first three quarters of its financial year as it presses ahead with an aggressive store opening programme.
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Opinion
Opinion: Bonmarché boss Connolly has her work cut out
If only fashion retailers could recoup a pound for every time they used words like “challenging”, “difficult” and “turbulent” in their financial statements.
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News
Whistles losses spiralled before Foschini takeover
Whistles recorded full-year losses of £2.9m before its recent takeover by South African retail group Foschini, accounts at Companies House have revealed.
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News
American Apparel files for bankruptcy for a second time
American Apparel has filed for bankruptcy in the US, less than one week after its UK subsidiary appointed administrators.
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Opinion
Opinion: A subdued outlook for retail deals
Brexit uncertainty and a tough year mean that the focus for retailers will be on trading rather than IPOs and deals.
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News
Dominic Chappell arrested as part of HMRC investigation
Former BHS owner Dominic Chappell has been arrested over HMRC allegations that he failed to pay taxes on profits made from the collapsed retailer.