All City & finance articles – Page 315
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NewsFoyles reports full-year loss after property overhaul write-offs
Foyles has recorded an operating loss of £600,000 for the year following write-offs including relocating its flagship store.
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NewsProperty owners call for reform of administration fees system
Landlords who lost out when HMV hit the buffers have attacked the way administrators and advisers make money when businesses hit the wall.
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NewsBreakfast briefing: Retail news on Morrisons, Wiggle, footfall and Ocado
Retail news round-up on February 13, 2015: ex-Morrisons chairman blasts Sir Ken over Philips’ exit, Wiggle refreshes brand identity, high street footfall declines in January and Ocado fonder lines up share bonuses £26m
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CartoonBlower’s retail cartoon: Poundland purchases 99p Stores
Retail Week’s cartoonist Patrick Blower’s take on Poundland’s tie-up with with fellow single-price retailer 99p Stores.
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NewsFashion etailer Zalando records first full-year profit of €62m
German fashion etailer Zalando has reported EBIT of €62m (£46m) for 2014, the first profit in the business’s history.
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NewsDarty says January Sales dented by Paris terrorist attacks
French electricals specialist Darty recorded a drop in footfall during the crucial January Sales period as a result of the Paris terrorist attacks.
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NewsMorrisons boss Dalton Philips to stand down on Monday
Morrisons outgoing boss Dalton Philips is to stand down on Monday as the embattled grocer continues its search for his replacement.
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NewsPoundland shareholder Warburg Pincus sells 10% stake in the retailer
Poundland’s biggest shareholder Warburg Pincus is selling a 10% stake in the retailer days after it announced it was buying rival 99p Stores.
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AnalysisDunelm profits and sales surge: What the analysts say
Dunelm has reported a pre-tax profits surge of 10.7% to £68.2m and like-for-likes growth of 6.2% for the 26 weeks to December 27.
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AnalysisSeven reasons why retailers need to support the UK textiles industry
Paul Short, chair of the N Brown Textiles Growth Programme, tells Retail Week why retailers need to support the UK textiles industry.
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NewsDunelm gears up for aggressive growth as profits and sales surge
Homewares retailer Dunelm has recorded a surge in like-for-likes and profits as the retailer turns its attention to aggressive growth.
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NewsSupermarkets to challenge business rates on cash machines
Supermarkets are fighting back against local authorities that are making them shell out around £200m in business rates on in-store cash machines.
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OpinionComment: Investors hope to count the pennies as Poundland buys 99p Stores
Poundland’s proposed takeover of 99p Stores for the equivalent of over 55 million customer transactions pleased the market, sending its share price up 15%.
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NewsNew Look reports strong third-quarter profits despite fall in sales
New Look’s solid online performance over Christmas helped boost its third-quarter profit despite sales being dented by last year’s warm autumn.
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NewsBreakfast briefing: Retail news on Tesco Lotus, Co-operative Pharmacy and John Lewis
Retail news round-up on February 10, 2015: Dhanin Chearavanont interested in Tesco Lotus, Co-operative Pharmacy to be re-branded, John Lewis names head of women’s accessories.
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NewsAt a glance: Newly acquired furniture specialist Sofa.com
As Sofa.com is acquired by private equity firm CBPE for around £50m, Retail Week takes a detailed look at the furniture specialist’s history.
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NewsBrightHouse and rivals face investigation into business practices from watchdog
The Financial Conduct Authority is weighing up an investigation into the business practices of rent-to-own retailers such as BrightHouse.
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NewsSofa.com sold for £50m, former Mappin & Webb boss to become chairman
Former Mappin & Webb boss Justin Stead will become chairman of Sofa.com after the online furniture retailer’s £50m sale to private equity firm CBPE.
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NewsBreakfast briefing: Retail news on Sofa.com, Tesco, Halfords and more
Retail news round-up on February 8, 2015: Justin Stead to chair Sofa.com after sale to CBPE; Tesco squeezes small suppliers; Halfords hires headhunter Egon Zehnder.
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NewsFindel strikes deal to sell Kleeneze to CVSL in £3.6m deal
Findel has agreed to sell its catalogue retailer Kleeneze to Trillium Pond, a subsidiary of US group CVSL, in a deal valued at £3.6m.