All City & finance articles – Page 28
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AnalysisM&S boss Stuart Machin on ‘tricksy’ member prices and new beginnings
Marks & Spencer this week raised the curtain on strong annual results that beat expectations and it is confident of more progress to come
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NewsTK Maxx owner TJX raises profit guidance as sales rise
TJX, parent company of TK Maxx, has raised its profit outlook following a boost in sales.
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NewsVery Group records further losses amid lingering ‘market pressures’
The Very Group has posted further losses although the group said it delivered a “resilient performance despite market pressures”.
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NewsMarks & Spencer reshaping strategy pays off
Marks & Spencer has posted a rise in sales and profits across food and clothing & home as its ‘reshaping for growth’ strategy paves the way for “the beginnings of a new M&S”.
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NewsSuperdry gears up for emergency sale if creditors oppose survival plan
Embattled fashion retailer Superdry is gearing up for an emergency four-week sale process if creditors fail to support boss Julian Dunkerton’s restructuring proposal.
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NewsShoe Zone lowers guidance as profits flatten
Footwear retailer Shoe Zone has lowered its full-year profit guidance. Revenues may have edged up but profits remained flat during the first half.
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NewsKingfisher records positive sales in UK while sales in France fall
Kingfisher has kept its full-year guidance, recording positive sales in the UK offset by a sales decline in France.
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NewsTopps Tiles unveils ‘Mission 365’ growth strategy amid sales drop
Topps Tiles has introduced a new growth strategy over the medium term as it posts a fall in profit and sales.
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NewsThe Works anticipates return to growth as it reports flat sales and revenue
The Works has said it expects to see a “return to profit growth” in the next financial year as it records flat revenue and sales.
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NewsShein seeks out Sajid Javid for new role ahead of London IPO
Sajid Javid, the former chancellor of the exchequer, has reportedly been approached to join fast-fashion giant Shein ahead of its anticipated London Stock Exchange listing.
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NewsBritish Land sells stake in Meadowhall shopping centre for £360m
British Land has announced the sale of its 50% stake in Meadowhall, as it continues to focus on retail parks and reduce its exposure to more traditional shopping centres.
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NewsExclusive: New Look to invest millions in Manchester stores
New Look is investing a total of £3.3m into upgrading and improving its store estate across Greater Manchester, Retail Week can reveal.
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NewsAsda sales jump as owner Mohsin Issa hails ‘good progress’
Asda has announced an increase in total ex-fuel and like-for-like sales as owner Mohsin Issa said the supermarket made “good progress” in the quarter.
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NewsThe Body Shop administrators to launch auction for the chain
The Body Shop administrators are set to launch an auction of the struggling beauty chain after plans for a company voluntary arrangement (CVA) failed, Sky News has reported.
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NewsWatches of Switzerland sales hit by ‘minimal return’ of tourist shopping
Watches of Switzerland has reported flat sales for the full year of 2024 driven by a challenging trading environment and the “minimal return of tourist spending” in the UK.
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NewsAlibaba revenue growth despite decline in profits
Alibaba has posted growth in revenue in its full-year and quarterly results, despite profits plunging.
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NewsMiniso posts growth driven by global store expansion
Chinese general merchandise retailer Miniso has posted growth in revenue and profit as it continues to roll out stores at home and abroad.
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NewsNatura &Co losses widen as it explores ‘potential separation’ of Avon
Brazilian cosmetics giant and former owner of The Body Shop Natura &Co has posted widening losses as Avon International sales continued to fall in the first quarter of the year.
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AnalysisCan a Shein float turn around retail’s IPO fortunes?
As Shein accelerates preparations for a blockbuster London IPO, Retail Week looks at how other retailers have fared since going public.
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NewsBurberry underperforms and warns of headwinds in luxury slowdown
Burberry has underperformed financially as it struggled with tepid demand for luxury clothing and accessories, and warns of more pressure to come.
