All City & finance articles – Page 347
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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.
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NewsRadioShack files for bankruptcy protection in the US
RadioShack has filed for bankruptcy protection in the US, with wireless company Sprint poised to set up shop within many of its stores.
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NewsHelen Weir to join Marks & Spencer as chief financial officer on April 1
Marks & Spencer has confirmed that chief financial officer Helen Weir will join the retailer on April 1.
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NewsDFS announces intention to float on the London Stock Exchange
Furniture retailer DFS has announced its intention to float on the London Stock Exchange, and is expecting the offer to raise proceeds of £105m.
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NewsPoundland to acquire 99p Stores for £55m
Value retailer Poundland has agreed a conditional sale agreement to purchase competitor 99p Stores for £55m, the business revealed today.
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NewsBreakfast briefing: Retail news on Topshop, RadioShack, Waterstones, Asda and DFS
Retail news round-up on February 6, 2015: Topshop ordered to pay Rihanna’s legal bill; RadioShack files for bankruptcy; Waterstones narrows losses; Asda says Tesco having ‘heart surgery’; DFS to announce intention to float
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NewsAustin Reed creditors overwhelmingly approve CVA proposal
Creditors of fashion retailer the Austin Reed Group have voted overwhelmingly in favour of its proposed Company Voluntary Arrangement (CVA).
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AnalysisNeed to know: The Groceries Code Adjudicator's investigation into Tesco
The Groceries Code Adjudicator (GCA) has begun an investigation into Tesco following its £263m overstatement of profits last year.