All City & finance articles – Page 246
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Analysis
Kingfisher second-quarter sales jump: What the analysts say
Kingfisher reported a 7.2% rise in its second-quarter UK like-for-likes driven by a 13.3% jump at Screwfix. Here’s the City’s reaction.
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Opinion
Opinion: Asda's latest sales setback shows turnaround will be a long slog
Asda’s second-quarter numbers are unsurprisingly disappointing, yet the 7.5% dip in like-for-likes is perhaps heftier than anticipated.
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News
Kingfisher second quarter like-for-likes up driven by B&Q and Screwfix
Kingfisher has posted improved like-for-likes in its second quarter, with growth driven by good performances at its British and Polish arms.
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Analysis
Analysis: Recession lessons that will help retailers trade through Brexit
As retailers prepare for any Brexit storm, we look at what can be learned from the success stories of the recent recession.
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News
TJX boosted by value credentials as its raises full-year forecast
TJX, the US-based value retailer, has raised its full-year guidance after a strong second-quarter driven by an increase in customer numbers.
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News
Laura Ashley like-for-likes rise 4.1% while online sales soar
Laura Ashley has reported a healthy rise in full-year like-for-likes as strong furniture sales bolstered the retailer’s underperforming fashion arm.
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News
John Lewis sales fall as hot weather sparks 'challenging' week
John Lewis sales dropped last week as the hot weather drove consumers away from shops during a “challenging” period of trading.
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News
Poundland boss O’Byrne offered £2.7m in shares to stay under Steinhoff
Poundland boss Kevin O’Byrne has been offered a £2.7m share package to remain in charge under the ownership of Steinhoff.
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News
Retail rich list 2016: The industry’s wealthiest 100
The tills are still jangling merrily for the world’s top retailers. But who has the most? Find out in Retail Week’s top 100 richest retailers.
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Analysis
Infographic: David Knight on the referendum plus the latest retail stats
The week in words and numbers, August 12, 2016: Strong trade for ScS, New Look’s LFLs fall 7% and Game’s UK gross transaction value drops 5%.
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News
BHS: Top law firm to investigate retailer’s former directors
A leading law firm has been drafted in to help scrutinise the conduct of former BHS directors prior to the high-street chain’s collapse.
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News
Alibaba first-quarter sales surge as mobile users drive growth
Alibaba reported its highest quarterly sales growth since its flotation in 2014 as mobile purchases outstripped desktop shoppers.
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News
Agenda: Asda and Kingfisher to post second quarter results
Retail Week looks ahead to the next seven days with second quarter results from both Asda and Kingfisher on the agenda.
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News
Poundland accepts increased takeover offer from Steinhoff
Value retailer Poundland has agreed to a higher takeover offer of £610.4m from South African retail suitor Steinhoff.
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News
DFS unveils sales uplift and insists Brexit 'has not weakened demand'
DFS has posted a 7% increase in full-year sales and said it is “well positioned to mitigate economic headwinds” following the EU referendum.
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News
Zalando sales and profits soar in fruitful second quarter
Zalando has posted 25% sales growth and increased its full-year profit guidance as it continues to invest in the customer experience.
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Opinion
Opinion: B&Q looks in good shape to fight Brexit and Bunnings threat
The DIY market is about to get a makeover and a rather exciting one at that, as Bunnings prepares to tackle the UK with its revamped Homebase stores.
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News
Store Twenty One staff accuse retailer of failing to pay wages
Store Twenty One staff have laid bare a retailer allegedly unable to pay employees, who say they are trapped and angry due to their precarious employment.
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Analysis
Brexit: The expert verdict from the KPMG Ipsos Retail Think Tank
Retailers and consumers across the UK continue to face uncertainty as they weigh up the impacts of Brexit. Seven experts give their view.
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Analysis
Infographic: How Mattress Firm and Poundland fit into Steinhoff's jigsaw
Steinhoff has agreed to buy America’s biggest bedding retailer Mattress Firm and is on the verge of bringing value operator Poundland under its umbrella.