All City & finance articles – Page 372
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OpinionComment: Marks & Spencer can learn from Primark’s success
Marks & Spencer boss Marc Bolland this week found himself unveiling a drop in first-half pre-tax profits on the same day as high street rival Primark announced rocketing full-year results.
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AnalysisMarks & Spencer’s first half: What the analysts say
Marks & Spencer reported underlying profit before tax was down to £261.6m in the 26 weeks to September 28, compared to £287.3m last year. Retail Week takes a look at what the analysts had to say.
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NewsPrimark reports rocketing profits
Value fashion giant Primark has reported a surge in profits after an “outstanding” year.
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NewsMarks & Spencer posts first-half profit fall
Marks & Spencer chief executive Marc Bolland insisted progress is being made at the bellwether retailer, despite a fall in interim profits.
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NewsBreakfast briefing: Retail news on Marks & Spencer, Austin Reed and retail sales
Retail news round-up November 5, 2013: British retail sales rise, Marks & Spencer records first-half profit falland Austin Reed posts pre-tax profit fall
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NewsFashion retailer Joules secures £22m investment
Casual fashion retailer Joules has received a £22m investment from private equity firm Lloyds Development Capital (LDC).
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NewsPoundland drafts in former analyst Philip Dorgan as it eyes IPO
Seasoned retail analyst Philip Dorgan has joined Poundland to help the value specialist assess options, including an IPO.
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NewsCo-operative Bank to shed 15% of branches as part of rescue plan
The Co-operative’s rescue plan for its bank will result in shedding 15% of its branches and cutting its share to 30%.
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NewsBargain Booze owner Conviviality reports improved trading in first half
Bargain Booze owner Conviviality Retail has reported like-for-likes edged up 0.6% in its first half to October 27.
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NewsManagement buys out Mountain Warehouse
Mountain Warehouse’s management has taken full control of the outdoor clothing retailer and plans to expand its European store count to 300 shops.
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NewsBreakfast briefing: Retail news on Selfridges, Poundland and Mountain Warehouse
Retail news round-up November 4, 2013: Selfridges to invest £100m in stores revamp as sales rise; Poundland edges closer to IPO as it hires Rothschild; Mountain Warehouse management buy out Lloyds Banking Group in £85m deal
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OpinionComment: The grocery battle heats up as Lidl and Aldi target more affluent customers
Discount supermarket chain Lidl has launched its first television advertising campaign in the UK in its latest attempt to grab middle class shoppers from the likes of Tesco and Sainsbury’s.
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NewsDunelm founder revealed as biggest Marks & Spencer private investor
The founder of homewares retailer Dunelm, Bill Adderley, has been revealed as the biggest private shareholder in Marks & Spencer.
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NewsDixons completes sale of Turkish business Electroworld
Dixons has completed the sale of its Turkish arm Electroworld to local electricals specialist Bimeks for an undisclosed sum.
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NewsThe Range launches Christmas ad as profits rise
The Range has launched a Christmas ad showcasing its ‘surprising’ product quality and prices and full-year profits have soared.
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AnalysisBlockbuster: What next for the retailer teetering on the brink?
Blockbuster owners Gordon Brothers filed an intention to appoint administrators yesterday, less than year after it collapsed. With the future of Blockbuster hanging in the balance once again, Retail Week takes a look at whether this could be the final curtain.
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AnalysisM&S interims preview: A tale of two businesses
When Marks & Spencer posts first-half results next Tuesday the likelihood is that they will once again tell a now familiar tale of two businesses.
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OpinionNick Bubb’s verdict: Next - Weathering the retail storm
Monday’s storm reminded us how extreme “the weather” can get, but today’s Next update reminds us how short people’s memories are about the weather.
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NewsNext raises full-year profit guidance after third-quarter sales increase
Next has raised its full-year revenue and profit guidance after sales increased 4.3% in its third quarter to October 26.
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NewsMarks & Spencer halts clothing market share decline
Marks & Spencer is showing signs of improvement in its crucially important clothing business, Retail Week has learned.