All City & finance articles – Page 260
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NewsTesco boss Lewis insists ‘the job is not done’ despite sales growth
Tesco boss Dave Lewis has insisted that the grocer’s job is far from done as he continues his bid to transform the business.
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NewsWHSmith half-year profits up 11% as travel sales offset flat high street
WHSmith has posted an 11% jump in half-year profits as the business reported a strong performance from its travel division.
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NewsHalfords sales rise 2.6% in fourth quarter as full-year profits on track
Halfords has posted a healthy rise in fourth-quarter like-for-likes as sales of bikes rose for a second consecutive quarter.
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NewsTesco back in the black as UK like-for-likes return to growth
Tesco has reported its first rise in quarterly UK like-for-likes in three years and is back in the black for its full year.
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NewsScS boss bids to strengthen concessions to attract ‘aspirational’ shoppers
ScS boss David Knight insists its tie-up with House of Fraser has attracted a “more aspirational” customer and wants to strengthen its concession offer.
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NewsTesco sells stake in Lazada to Alibaba as it sheds more non-core assets
Tesco is offloading part of its stake in South East Asian ecommerce platform Lazada to etail titan Alibaba for $129m (£90.5m).
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NewsScS losses narrow amid 'significant' growth in total order numbers
ScS has narrowed its half-year losses following “significant” improvements in total order numbers as its ecommerce platform gained traction.
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NewsAsos pre-tax profits rise as retail sales and mobile traffic surge
Asos has unveiled an 18% jump in half-year pre-tax profits as retail sales and mobile traffic soared during the period.
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NewsBreakfast briefing: Retail news on Austin Reed and BRC retail sales
Retail round-up on April 12, 2016: Austin Reed could undergo financial restructuring and March retail sales suffer due to bad weather and early Easter.
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NewsDarty board recommends cash bid from Steinhoff-owned Conforama
Steinhoff-owned Conforama’s acquisition of Darty has moved a step closer after the retailer’s board “unanimously” recommended its offer.
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NewsPets at Home reverses decision to hire Graeme Jenkins as new finance boss
Pets at Home has reversed its decision to appoint Graeme Jenkins as finance boss following an investigation into his former employer Target.
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AnalysisAnalysis: Can Steve Rowe put M&S clothing back in fashion?
As Steve Rowe takes charge at Marks & Spencer following his promotion to chief executive, he has one overriding objective.
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NewsAnalysis: Why Spar South Africa's move into Switzerland stacks up
Spar South Africa has acquired a 60% stake in Spar Switzerland. Planet Retail’s Franziska Schmidt runs the rule over the deal.
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OpinionOpinion: Retail restructuring? You ain’t seen nothin' yet
As customers demand more services and retailers keep reaching for their ‘holy grail’, the future of retail is becoming harder to predict.
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NewsUniqlo parent Fast Retailing slashes its profits forecast
Uniqlo’s parent, Fast Retailing, has slashed its profits forecast for the second time in three months, as it struggles at home and abroad.
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NewsBonmarché posts sales rise but cautions that conditions remain challenging
Bonmarché has reported that trading conditions remain “challenging” and that profits will come in at the lower end of expectations.
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NewsAgenda: Tesco full-years plus Debenhams, Asos, WHSmith and Halfords updates
Retail Week looks to next week with full-year results from Tesco, interims from Asos and WHSmith, and an update from Debenhams on the agenda.
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NewsCo-op boss hails momentum and refuses to rule out online grocery
Co-op boss Richard Pennycook has insisted “the momentum is with us” as he refused to rule out launching an online grocery proposition.
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NewsNew M&S boss Rowe puts sharper prices on agenda in bid to improve fashion
Keener prices are likely to play a role in new M&S boss Steve Rowe’s drive to turn around performance at the retailer’s clothing division.
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NewsDunelm boosted by winter Sale as third-quarter revenue rises
Dunelm has reported a 1.1% increase in third-quarter like-for-likes as its winter Sale helped it recover from tough conditions over the season.