All City & finance articles – Page 377
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NewsTed Baker first-half profits jump as retail sales surge
Ted Baker pre-tax profit increased from £7.8m to £11.6m in its first half as retail sales rose 30.2%.
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NewsDFS float speculation dismissed
Speculation over DFS’s potential float next year has been dismissed by sources familiar with the situation.
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NewsAlbemarle & Bond emergency fundraising plan fails
Pawnbroker Albemarle & Bond has a month to save itself from collapse after talks to raise £35m in emergency funding broke down.
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OpinionComment: Dunelm's not quite home and dry
While much of the attention today has been on food giants Sainsbury’s and Tesco, there has been an update too from home specialist Dunelm.
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AnalysisSainsbury's second quarter: What the analysts say
Sainsbury’s has recorded a 2% increase in like-for-like sales excluding fuel in the second quarter driven by own brand, convenience and online. Retail Week rounds up the City’s reaction.
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AnalysisTesco's first-half results: What the analysts say
Tesco today reported a 7.6% drop in group trading profits in its first half as problems in its overseas arm. Retail Week rounds up the City’s reaction.
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NewsDunelm like-for-likes fall 5.3% as heatwave hits footfall
Dunelm like-for-likes dropped 5.3% in its first quarter following a “marked reduction” in footfall during the heatwave.
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NewsAlbemarle & Bond issues profit warning after gold prices weaken
Pawnbroker Albemarle & Bond has issued a profit warning after weak gold prices hit its core businesses of pawnbroking and gold buying.
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NewsDFS mulls £1bn stock market flotation
The owner of furniture specialist DFS is mulling a stock market flotation that could value the retailer at £1bn.
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NewsMoss Bros first half profits increase as like-for-likes rise 1.7%
Formalwear retailer Moss Bros recorded a 1.7% uplift in first half retail like-for-likes as profits improved as it plans to open websites overseas.
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AnalysisAnalysis: Why teenage Generation Z shoppers are different
Today’s teenagers are growing up amid a digital revolution, and retail has some work to do if it’s going to keep up.
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OpinionNick Bubb’s verdict: Is the rising tide lifting House of Fraser’s yacht?
Despite impressive online sales growth, helpful autumn weather and rising consumer confidence, is House of Fraser rising with the tide?
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OpinionComment: Time to recognise big retail’s role in economic recovery
Ed Miliband’s ideas to tackle the burden of business rates on small businesses should be welcomed and will help stimulate the more detailed debate that’s needed if a solution to this punitive cost on retail is to be found.
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NewsLaura Ashley blames weather as profits fall in 'challenging' first half
Laura Ashley pre-tax profit slipped 10.8% to £7.8m including exceptional items due to a “challenging” first half caused by the weather.
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NewsTopps Tiles expects full-year profits to edge up 1.6% to £13m
Topps Tiles expects pre-tax profits to edge up 1.6% to £13m in its year to September 28, with like-for-likes set to fall 0.5%.
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OpinionComment: Argos' tie-up with eBay could be a game-changer
Argos’ pilot with online giant eBay, enabling customers of 50 sellers on the marketplace to collect orders from 150 stores, looks inspired.
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OpinionComment: Retailers need to think locally – and act locally too
You could be forgiven for thinking that UK retail has finally turned the corner in recent weeks. Sales at Debenhams stores that have been open for over a year rose 1.9 per cent in the 10 weeks to August 31st.
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AnalysisAnalysis: Reporting season provides retail health check
Some of retail’s biggest names have updated on their performance, giving an insight into their outlook on shopper trends, the high street and the economy.
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OpinionNick Bubb’s Verdict: Asos - Amazingly strong online sales?
Back in the past, Asos stood for “As Seen On Screen”, but now it seems to stand for “Amazingly Strong Online Sales”…
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NewsAsos UK's revival down to self-help not economy, says Robertson
Asos’ soaring UK sales are down to self-help rather than any improvement in the economy, according to boss Nick Robertson.