All City & finance articles – Page 343
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NewsThorntons full year retail like-for-likes rise 1.1%
Chocolatier Thorntons retail like-for-likes increased 1.1% in its full year but fell 3.9% in its fourth quarter.
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OpinionComment: Now is the time to commit to business rates reform
If a week is a long time in politics, then 24 weeks – the period that has passed since we published The Road to Reform – must be the retailer’s equivalent of an aeon.
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OpinionComment: When will Marks & Spencer fire on all cylinders?
If it’s not one thing it seems to be another at Marks & Spencer.
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NewsLive blog: Marks & Spencer AGM 2014
Keep track of events at Marks & Spencer’s AGM today, with live comments from Retail Week’s executive editor George MacDonald.
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NewsMarks & Spencer benefits from focus on full-price fashion sales
Reduced promotions and a customer shift towards ‘better’ and ‘best’ product helped Marks & Spencer make progress in the key clothing category in the first quarter.
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NewsMarks & Spencer boss Bolland: 'There’s no problem with our new website'
Marks & Spencer boss Marc Bolland has denied there are problems with its new online platform and pledged web growth in time for peak trading.
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NewsDunelm like-for-likes grow 5.5% in fourth quarter
Dunelm like-for-likes continued to improve in its final quarter, rising 5.5%, which has taken its full-year, like-for-like growth to 2.1%.
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NewsMarks & Spencer like-for-likes edge up but website hits sales
Marks & Spencer UK like-for-likes edged up 0.3% but sales from the retailer’s relaunched website fell 8.1% over its first quarter.
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OpinionComment: Why now is the best time to close your loss-making stores
News that Mamas and Papas may need go through some form of restructuring, primarily due to having too many stores, comes as no surprise.
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NewsTop Mothercare shareholders back rejection of US bid
Two major Mothercare shareholders have thrown their support behind the maternity chain after it rejected two takeover attempts from US rival Destination Maternity.
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NewsBurberry could face investor revolt over boss Christopher Bailey's pay
Burberry has attempted to clarify why it has awarded a £440,000 allowance to newly appointed boss, Christopher Bailey.
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NewsBreakfast briefing: Retail news on Mothercare, Burberry, The Body Shop and more
Retail news round-up on July 7, 2014: Mothercare faces increased takeover bid, Burberry attempts to clarify boss Christopher Bailey’s payout and The Body Shop full-year sales and profits jump
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AnalysisThe big question: Would a shareholder revolt harm Sports Direct?
Some Sports Direct shareholders are expected to vote against the re-election of its board in protest of founder Mike Ashley’s bonus. Retail Week asks whether that would harm the business.
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OpinionComment: Retailers should embrace the new world of digital sharing
Smart retailers have begun to realise that they need to change their strategy for engaging with customers.
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NewsSports Direct shareholders plan AGM protest over Mike Ashley's bonus
Sports Direct shareholders are expected to vote against the re-election of the chairman Keith Hellawell and other board members at September’s AGM in protest at Mike Ashley’s bonus.
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NewsSuperdrug returns to profit but sales slip amid fierce competition
Superdrug has returned to profit but experienced a sales slip due to reduced high street footfall and fierce competition.
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NewsBreakfast briefing: Retail news on Amazon, Sports Direct and John Lewis
Retail news round-up on July 4, 2014: Brussels looks into Amazon’s tax, Sports Direct shareholders to vote against board members, John Lewis promotes communications head
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OpinionComment: We must take steps to diversify the retail industry
In March Vince Cable gave an interview to The Guardian in which he accused the UK’s top companies of neglecting racial diversity in their boardrooms and urged business to use a wider talent pool when making appointments.
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CartoonBlower’s retail cartoon: Mike Ashley bonus
Retail Week’s cartoonist Patrick Blower’s take on Mike Ashley’s third time lucky bonus through Sports Direct’s share scheme.
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Opinion
Nick Bubb’s verdict: Poundland - everywhere to run, nothing to hide
Companies don’t usually hide good news, so it’s not surprising that Poundland now seems happier to talk about like-for-like sales growth.