All City & finance articles – Page 239
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OpinionOpinion: impact of the national living wage six months on
The introduction of the national living wage in April does not appear to have stifled the retail sector – at least not yet.
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NewsWiggle sales rise but profits punctured by currency headwinds
Sports etailer Wiggle has reported rising sales in its last full-year but profits were hit as it was affected by currency movements.
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NewsLakeland cooks up sales growth but pre-tax profits slump
Lakeland has posted a 40% decline in full-year pre-tax profits as the cost of expanding its warehouse in Cumbria offset growing sales.
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NewsJack Wills sold to Liberty owner BlueGem as full-year profits tumble
Jack Wills founder Peter Williams has joined forces with Liberty department store owner BlueGem to acquire the fashion chain.
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NewsTesco faces £150m claim from shareholders after accounting scandal
Tesco is facing legal action from a group of 60 shareholders who claim to have lost £150m following the grocer’s accounting scandal.
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OpinionOpinion: Tesco has momentum but faces a pension-shaped reality check
If there was a chance of Tesco investors or its executive team getting carried away with recent momentum, this week could provide a reality check.
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OpinionNick Bubb on Andy Street’s John Lewis legacy – sales good, profits bad?
Andy Street has been a brilliant and energetic leader of the John Lewis Partnership, but how strong will his legacy be?
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NewsBrexit not deterring shoppers but household finances under pressure
The outcome of June’s referendum to leave the EU and the weakened pound has not yet had an impact on shopping behaviour, according to figures.
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NewsH&M third-quarter profits hit by discounting and higher sourcing costs
H&M said its third-quarter profits were dented by increased discounting and higher purchasing costs triggered by a strong US dollar.
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NewsHMV posts pre-tax loss as physical music and film sales slump
HMV has posted a full-year pre-tax loss of £8.8m after sales of physical CDs, films and games continued their decline.
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VideoThe Retail Week: Sainsbury's sales fall, BHS.com and Tesco's half years
The team sit down to discuss the week’s news including Sainsbury’s second-quarter results, a new BHS and a look ahead to Tesco’s results.
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NewsAgenda: Tesco, DFS, ScS and Dunelm post financial updates
Retail Week looks ahead to the next seven days in the industry with updates from Tesco, ScS, DFS and Dunelm all on the agenda.
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NewsEast chief executive quits as owners Fabindia sell 80% stake
East boss Suzi Spink has quit the fashion retailer in the wake of its owners selling an 80% stake to a New York based investor.
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OpinionOpinion: It is time to end the tyranny of fashion seasons
Many apparel retailers still operate according to the traditional seasons. The trouble is, the weather often refuses to follow suit.
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AnalysisAnalysis: How Moss Bros is getting trade right in a tough market
Menswear retailer Moss Bros posted stellar interim results on Wednesday, with like-for-like sales up 4.9% and pre-tax profits soaring 30%.
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NewsGame bags £13.5m in sale and leaseback deal on head office
Game is set to gain some “much needed” cash after striking a sale and leaseback deal on its head office and distribution centre.
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NewsMySale narrows losses as it launches Sports Direct tie-up
MySale has narrowed its full-year losses, revealing a strong financial performance and a partnership with Sports Direct in Australia.
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AnalysisAnalysis: How House of Fraser aims to put own-label womenswear back on track
House of Fraser is streamlining its womenswear own-brands offer in an attempt to stem declining sales of the ranges.
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NewsMoss Bros profits soar in 'another period of strong progress'
Moss Bros’s pre-tax profits have rocketed in what boss Brian Brick hailed as “another period of strong progress for the company”.
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NewsSainsbury’s second-quarter sales fall in 'competitive market'
Sainsbury’s boss Mike Coupe has insisted the grocer will “continue to outperform” the big four, despite falling total sales and like-for-likes.