All City & finance articles – Page 375
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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.
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AnalysisIn the news: New Look owner Brait's Christo Wiese profiled
UPDATED: Christoeffel Wiese’s investment firm Brait has acquired a 90% stake in fashion retailer New Look for £1.9bn. We profiled him in 2013 when he was eyeing BHS.
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NewsB&M Bargains mulls stock market flotation
Value retailer B&M is mulling a float on the stock market next year as the fast-growing business targets further growth.
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NewsAmazon posts third-quarter sales surge after latest Kindle launch
Online giant Amazon has posted a 24% sales surge in its third quarter, when it also made a net loss of $41m (£25.3m).
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NewsMike Ashley reduces Sports Direct stake in £106m share sale
Sports Direct founder Mike Ashley has sold a 2.7% stake in the retailer worth £106m just eight months after pledging not to sell any shares for a year.
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OpinionComment: Matalan’s Sporting Pro could be an interesting rival to Sports Direct
Matalan has just revealed that its first Sporting Pro store is to open in central London next month - the first of 14 new shops due to open before Christmas.
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AnalysisDebenhams full year results: what the analysts say
Debenhams today revealed that total group sales increased 2.5% during the 52 weeks to 31 August 2013, however pre-tax profit fell 2.7%. Retail Week rounds up reaction to the results.
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NewsAsos boss Nick Robertson gives away £2.8m to staff
Asos founder and chief executive Nick Robertson has awarded staff £2.8m in a special bonus which he is covering personally, Retail Week has learned.
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NewsDebenhams full-year profits fall 2.7% as it remains 'cautious' of recovery
Debenhams revealed a profit fall in its full-year figures as it remains “cautious” for the year ahead.
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NewsTesco eyes global fashion dominance for F&F brand
Tesco has unveiled audacious ambitions to be “the world’s leading retailer for affordable fashion” that will take it toe-to-toe with the largest clothing specialists.
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NewsBreakfast briefing: Retail news on online grocery sales, Mothercare and Debenhams
Retail news round-up October 24, 2013: Online grocery sales to double in five European markets; Mothercare appoints group director of communications; and Debenhams hires Forward3D
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NewsArgos to unveil 'digital stores' as multichannel grows
Multichannel retailer Argos is poised to unveil a new-model store designed to reflect its shift to digital commerce.
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AnalysisAsos' full-year figures: What the analysts say
Asos today revealed pre-tax profits up 23% to £54.7m and retail sales up 40% to £753.8m for the year to August 31. Retail Week takes a look at what the analysts say.
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OpinionNick Bubb’s verdict: Marks & Spencer Food - bags of offline potential?
Even former boss Stuart Rose thinks that M&S Food needs to get online, but management think that there’s still lots to go for offline.
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OpinionComment: Bonmarché's prospects post IPO
Following Bargain Booze owner Conviviality’s successful flotation on AIM, clothing retailer Bonmarché is the next retailer likely to list on the junior market.
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NewsSports Direct profit jump shows 'strength of business model'
Sports Direct group profit jumped 19.4% to £199.8m in the nine weeks to September 29 as sales advanced 15.1% to £463.7m.
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NewsAsos profits up 23% as it invests in supersized European hub
Asos pre-tax profit grew 23% to £54.7m as it plans to step up investment including the financing of a supersized European distribution centre.
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NewsBreakfast briefing: Retail news on HMV, Tesco and Kingfisher
Retail news round-up October 22, 2013: Apple removes HMV’s new UK app from its App Store, billionaire Warren Buffett slashes investment in Tesco and Kingfisher boss Ian Cheshire predicts dynamic pricing will soon be used widely across retail.
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NewsThe Co-op faces pressure to relinquish control of bank
The Co-operative Group could relinquish its majority share in its banking arm as it faces pressure to stabilise the division.
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OpinionComment: Potential Amazon tie-up with HTC highlights the power of partnerships
It sounds like Amazon is thinking about developing a range of three smartphones with handset manufacturer HTC in the face of increased competition from both Apple and Google.