All City & finance articles – Page 345
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NewsDanish giant Bestseller buys fashion etailer MandM Direct
Danish giant Bestseller is to buy etailer MandM Direct for £140m, putting an end to the etailer’s plans to float later this month.
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NewsDebenhams in talks to hire former New Look finance boss Alastair Miller
Former New Look finance boss Alastair Miller has emerged as one of the candidates to replace Debenhams finance director Simon Herrick.
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NewsMajestic Wine profits flat during 'difficult' year as it vows to invest
Majestic Wine profit remained flat at £23.8m during a ‘difficult trading year’ as it vows to up investment in the current year.
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NewsBreakfast briefing: Retail news on Aldi, Debenhams, Mamas & Papas and The Co-op
Retail news round-up on June 16, 2014: Aldi to double store numbers, ex New Look finance boss in line for Debenhams job and Liberty owner BlueGem in talks to rescue Mamas & Papas.
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NewsBonmarché full-year profits soar as it rolls out garden centre concessions
Older womenswear retailer Bonmarché’s full-year pre-tax profits soared as it begins a “significant roll out” of garden centre concessions.
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CartoonBlower’s retail cartoon: Morrisons’ AGM hijacked by Sir Ken’s cruddy comment
Retail Week’s cartoonist Patrick Blower’s take on Sir Ken’s muckspreading comment on Dalton Phillips’ presentation at Morrisons’ AGM.
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OpinionComment: What can we learn from Ted Baker’s ‘simple successes’?
This week Ted Baker revealed stronger than expected sales growth as retail sales leaped 15.8%.
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OpinionNick Bubb’s verdict: Pets At Home – not waving but drowned out?
With lots of “pawsitively” exciting growth stories now available in the retail sector, not least via the B&M IPO, how do recent floats like Pets at Home avoid getting drowned out?
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NewsMulberry full-year profits plummet 46% and current trading nosedives
Handbag retailer Mulberry’s pre-tax profits crashed 46% to £14m in its full year and like-for-likes nosedived 15% in recent weeks.
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NewsArgos and Homebase like-for-likes rise in first quarter
Argos’s like-for-likes rose 4.9% in its first quarter, driven by seasonal product sales and continued growth in electricals.
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NewsBoohoo full-year profits rocket but currency headwinds hit overseas sales
Boohoo’s pre-tax profit rocketed from £3.2m to £10.7m in its year to February 28 but trading was hit by currency headwinds overseas.
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NewsPets at Home EBITDA rises as it becomes UK’s largest vet
Newly floated Pets At Home’s underlying EBITDA jumped 12.4% to £110.7m over the year as it became the UK’s largest vet.
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NewsSainsbury's departing boss Justin King insists he is not leaving on a low
Sainsbury’s departing chief executive Justin King insisted he is not leaving on a low despite the grocer reporting a 1.1% fall in like-for-like sales excluding petrol in its first quarter.
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AnalysisSainsbury’s first-quarter like-for-like drop: what the analysts say
The squeeze on grocers was underlined by Sainsbury’s this morning. Retail Week takes a look at what the analysts are saying.
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NewsSainsbury's reports like-for-like sales down 1.1% as King's exit nears
Sainsbury’s has reported like-for-like sales for its first quarter down 1.1% excluding petrol, in what chief executive Justin King said has been the slowest industry growth in a decade.
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NewsNext product guru Christos Angelides to exit the business
Next product guru Christos Angelides is leaving the fashion business in September to join a US retailer.
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NewsCity raises Ted Baker profit forecasts after bumper quarterly performance
Analysts have increased full-year pre-tax profit forecasts for Ted Baker by up to 1.5% after a bumper first quarter performance.
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OpinionComment: Asos has bounced back before and it will rise once again
“When your back’s to the wall, entrepreneurial spirit kicks in”.
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OpinionComment: Morrisons – Sir Ken's AGM intervention harmed his own interests
Sir Ken Morrison needs to read How to win friends and influence people.
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NewsDFS boss vows to invest heavily in stores as third-quarter EBITDA improves
DFS boss Ian Filby vowed that stores would be “heavily invested in” over the next few years as EBITDA and sales improved in its third quarter.