All City & finance articles – Page 32
-
NewsWickes sales increase as growth strategy pays off
Wickes reported an increase in sales driven by the “strength of our balanced business model and outstanding customer service delivered by our colleagues”.
-
NewsPrimark expects growth in sales despite unseasonable weather
Value fashion giant Primark said it expects growth in sales and profit despite the “unusually variable and unseasonable weather” in the fourth quarter ahead of its full-year results.
-
NewsRetailers call on Jeremy Hunt to freeze business rates
A group of 44 retail leaders across the industry have written to the chancellor of the exchequer, Jeremy Hunt, to call for a freeze in business rates as part of his autumn statement.
-
NewsMotatos exits the UK after one year
Online discount grocer Motatos has closed its UK store with immediate effect after launching in the country just over a year ago.
-
NewsAnn Summers posts rise in sales in ‘year of two halves’
Ann Summers has posted a rise in sales during a financial year “of two halves” and confirmed plans to add new stores to its UK portfolio by the end of next year.
-
NewsCurrys posts dip in revenue as profit guidance remains ‘unchanged’
Currys has posted a decline in group revenue for the 17 weeks ending August 26, 2023, but has made no changes to its profit guidance for the year.
-
NewsJollyes posts record Q1 ‘almost exclusively’ from transaction growth
Jollyes has reported record sales growth in its first quarter results, which it said was “almost exclusively” from growth in volumes, not price inflation.
-
NewsHalfords CEO says services division to outgrow retail business by year end
As Halfords reported strong sales driven by strong growth in its services and B2B division, chief executive Graham Stapleton says he expects the motoring specialist will sell more services than retail products for the first time by the end of this year.
-
NewsHalfords autocentres drive growth but cycling curbs retail
Halfords’ autocentres have driven growth, but a drizzly summer and low consumer confidence limited its retail sales.
-
NewsOh Polly hails ‘exceptional’ performance as sales boom
Fashion etailer Oh Polly has credited its “exceptional” full-year financial performance to strong revenues and profits following its international expansion progress.
-
NewsFootasylum sales rise despite fall in profits
Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.
-
NewsNew Look closes in on £100m refinancing deal
Fashion retailer New Look is reportedly in “advanced talks” with Blazehill Capital and Wells Fargo regarding a £100m debt refinancing deal to replace a loan that is set to mature next June.
-
NewsExclusive: Superdry cannot afford to get product wrong, warns CFO
Superdry chief financial officer Shaun Wills has said the retailer cannot afford to get its product wrong as it enters the autumn/winter season, after it posted an annual loss of £148.1m.
-
NewsFrasers raises Boohoo stake for second time in a week
Frasers raised its stake in Boohoo for the second day in a row as it continues to build its “strategic investments”.
-
NewsNext buys £128m stake in Reiss from private equity firm
Fashion giant Next has confirmed the purchase of private equity firm Warburg Pincus’ 34% stake in Reiss, upping the retailer’s total stake to 72%.
-
NewsLululemon sales jump as revenue ‘exceeds expectations’
Lululemon has recorded strong sales and revenue growth that “exceeded expectations” as it continues to enhance its business model and product offering.
-
NewsRevolution Beauty sales increase despite ‘well-publicised upheaval’
Revolution Beauty posted an increase in sales driven by the “relevance, affordability and strength of the Revolution Brand” despite “well-publicised upheaval” for the business.
-
NewsM&S returns to FTSE 100 after four years
Marks & Spencer has returned to the FTSE 100 index after four years as its share price surged and its turnaround strategy paid off.
-
NewsSuperdry shares suspended as results delayed
Shares in fashion retailer Superdry have been suspended as full-year results were delayed.
-
NewsThe Works posts profit fall but says strategy bearing fruit
Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.