All City & finance articles – Page 355
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NewsOverseas to account for 90% of Asos sales as it invests for future
Asos boss Nick Robertson reinforced he is building a global giant as he predicts overseas will account for 90% of sales in four years time.
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OpinionComment: Can M&S replicate international success at home?
Marks & Spencer’s international growth could re-invigorate the business at home and away.
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AnalysisAsos half-year results: What the analysts say
Asos reported a 22% fall in pre-tax profits to £20.1m in the six months to February 28 after investing in the business. Retail Week takes a look at the reaction from the City.
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NewsAsos pre-tax profits fall 22% as it invests for long-term growth
Asos first-half pre-tax profits fell 22% as it ploughed money into the business to reach its growth ambitions of generating sales of £2.5bn.
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NewsFindel sales up as it expects 'substantial' pre-tax profit growth
Express Gifts owner Findel revealed sales jumped 5% in its full year as it expects profits to be “substantially” ahead year on year.
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NewsBreakfast briefing: Retail news on Bhs, Elverys, Findel and more
Retail news round-up on April 1, 2014: Sir Philip Green targets 50 Bhs food stores by September, Sports Direct loses bid for Elverys, Express Gifts owner Findel full-year sales up 5% and Card Factory to float on the stock market
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OpinionComment: Restructuring in retail – the foundation on which IPOs are built
With the window for retail IPOs now well and truly open, at least for the time being, the list of potential floats now appears to stretch out well into the second half of 2014.
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OpinionComment: How much money can Pets at Home make from pampered pooches?
Now that the first wave of retail IPOs has got away it’s good to see that newly quoted companies are embracing potential growth opportunities that, if successful, will reward new investors.
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NewsHouse of Fraser in acquisition talks with Chinese conglomerate Sanpower
House of Fraser is in talks with Chinese conglomerate Sanpower Group, which is eyeing buying the department store group for more than £450m.
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NewsBreakfast briefing: Retail news on Boohoo.com, Pets at Home, House of Fraser and more
Retail news round-up on March 31, 2014: Boohoo.com full year EBITDA soars, Pets at Home launches dog friendly store, House of Fraser in sales talks with Chinese conglomerate and more.
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NewsBoohoo.com full year EBITDA soars 200% hitting market expectations
Newly floated etailer Boohoo.com has reported that adjusted EBITDA soared over 200% in its year to February 28 in line with market forecasts.
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OpinionComment: Recognising global retail’s ripple effect
The Ukraine crisis has starkly highlighted the pitfalls of international retail both abroad and at home.
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NewsSignet UK profits rise 6% after stellar fourth quarter
H Samuel owner jewellery group Signet posted a 6% jump in full-year operating profit to $42.4m (£25.5m) in the UK after a strong fourth quarter.
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NewsLaura Ashley full year profits rise 2% as sales recover in second half
Laura Ashley full year profits edged up 2% to £20.5m as its like-for-like sales recovered after a “challenging” first half.
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OpinionComment: IPOs reflect a new generation of innovative retailers
Interest in retail stocks shows the industry is home to innovation.
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OpinionComment: Next’s results show it is a retailer for all seasons
Next’s shift from seasonal to on-demand retail seems to be paying dividends.
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AnalysisCarpetright's profit warning: What the analysts say
Carpetright issued a profits warning today. The City debates whether this is illustrative of a tough market or a Carpetright specific problem.
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NewsAlliance Boots and Walgreens first half 'synergies' exceed expectations
Alliance Boots’ tie-up with Walgreens created savings above expectations of $236m (£143m) in the six months to February 28, 2014.
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NewsCarpetright warns on profits as it hires former Dreams boss
Carpetright issued a profits warning as the housing market pick-up failed to boost sales as it hires former Dreams boss Nick Worthington.
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NewsPets at Home appoints former Britvic boss as a non-executive director
Pet specialist retailer Pets at Home has appointed former Britvic chief executive Paul Moody to the board as a non-executive director.