All City & finance articles – Page 317
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NewsPhase Eight poised for African expansion after Foschini buys the retailer
Phase Eight will be sold to South African retailer Foschini Group in a deal valuing the upmarket women’s fashion retailer at £300m.
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NewsSainsbury's to drop Tesco auditor PwC in favour of Ernst & Young
Sainsbury’s is dropping PricewaterhouseCoopers (PwC), which also audits the accounts of scandal-hit Tesco, as its auditor in favour of Ernst & Young (EY).
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NewsMothercare third-quarter like-for-likes up as turnaround plan continues
Mothercare has reported like-for-likes rose 1.1% in the UK for its third quarter as it continues its plan to turn the business around.
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NewsArgos Christmas like-for-likes flat as Black Friday hits sales patterns
Argos’s like-for-likes were flat for the 18 weeks to January 3 as Black Friday ‘significantly impacted’ the shape of sales over Christmas.
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NewsPrimark reports sales rise of 15% after 'strong' Christmas trading
Primark has reported its sales were up 15% for the 16 weeks ending January 3, driven by increased selling space and high sales densities.
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OpinionComment: Morrisons can succeed again if it is bold enough
A disappointing Christmas may have sealed his fate, but history may come to look more favourably on Dalton Philips’s tenure at Morrisons.
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AnalysisAnalysis: How Morrisons intends to restore growth under new leadership
Morrisons has unveiled improved Christmas trading but shown the door to boss Dalton Philips. Retail Week examines the grocer’s plans for the future.
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OpinionComment: As Dalton Philips checks out, pressure may mount on Marc Bolland
The travails of Morrisons have cost chief executive Dalton Philips his job and some are asking whether M&S chief Marc Bolland may be next to go.
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AnalysisMorrisons: What the analysts say about Dalton Philips’ exit and trading
Retail analysts assess Morrisons’ prospects following its Christmas update and news that boss Dalton Philips will leave the grocer.
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NewsAsos reports increase in Christmas sales but margins hit
Fashion etailer Asos has reported its retail sales were up 15% over the Christmas period but margins were hit.
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NewsDebenhams posts Christmas sales rise but margins suffer
Debenhams generated a sales uplift over Christmas but suffered a hit to margins as its clothing performance proved “challenging”.
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NewsMorrisons boss Dalton Philips to stand down as Christmas like-for-likes drop
Morrisons chief executive Dalton Philips is to stand down as the grocer seeks to appoint a new leader to return it to growth.
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NewsBreakfast briefing: Retail news on December retail sales, M&S, Paperchase and Tesco
Retail news round-up on January 13, 2015:December retail like-for-likes fall, M&S boss Marc Bolland under investor pressure, Paperchase poised to push button on £100m sale, Australian firm Guvera eyes Tesco’s Blinkbox Music
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NewsVision Express owner GrandVision unveils IPO plans
GrandVision, the owner of opticians Vision Express, is to float on the Euronext stock exchange in Amsterdam, The Netherlands.
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NewsSofa specialist ScS appoints Alan Smith as chairman as IPO nears
Former Somerfield chief executive Alan Smith is to become chairman of sofa specialist ScS ahead of a flotation, it is understood.
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NewsPretty Green plans expansion after record Christmas
Pretty Green, the menswear retailer in which Oasis star Liam Gallagher is an investor, has posted a Christmas sales surge.
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NewsElectricals etailer AO World reports strong Christmas as sales rise 38%
Electricals etailer AO World, which trades as Ao.com, has reported a strong third quarter and expects to meet full-year City expectations.
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NewsBreakfast briefing: Retail news on Tesco, ScS and Boohoo
Retail news round-up on January 12, 2015: Ninth Tesco director suspended, White Company profits soar, ScS appoints chairman ahead of IPO, Boohoo bosses buy shares, Lidl reports strong Christmas week.
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NewsTesco downgraded to junk status by credit ratings agency
Credit ratings agency Moody’s has downgraded its rating on Tesco, forecasting the grocer will continue to be rocked by a competitive market.
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NewsDick's Sporting Goods rumoured to be in talks to go private
US retailer Dick’s Sporting Goods is reportedly holding early-stage conversations with a number of buyout firms about going private.