All City & finance articles – Page 382
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NewsCarpetright sales decline as the warm weather deters shoppers
Flooring specialist Carpetright’s UK like-for-likes fell 1.9% in the first quarter as the warm weather kept shoppers away from stores.
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OpinionComment: Retailers need to learn that trust starts on the shop floor
Reports out this week have revealed that Tesco has launched a new marketing campaign as part of Philip Clarke’s plans to reinvigorate its fresh food offer.
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NewsSports Direct reports ‘record’ year as Olympics boosts profits
Sports Direct has reported a “record-breaking” year as sales and profits boomed driven by last year’s sporting events.
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NewsMothercare hit by rivals' promotions as like-for-likes slip
Mothercare’s UK first-quarter like-for-like sales edged down 0.9% as chief executive Simon Calver played down the business benefits of the royal baby.
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OpinionComment: SuperGroup's global appeal excites investors
SuperGroup’s full-year figures showed “a return to form”, maintained founder and chief executive Julian Dunkerton as he unveiled a rise in profits and sales.
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OpinionComment: Tax should be about law, not morality
Justin King said recently: “Tax is a moral issue…Trust is a moral issue and you can’t claim to hold a trustworthy space on any issue, including tax, by just saying ‘I’m operating within the law’.
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NewsBargain Booze owner Conviviality Retail set for £65m float
Bargain Booze owner Conviviality Retail is looking to float on the Alternative Investment Market later this month.
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NewsKate Bostock in shock departure from Asos
Asos executive director of product and trading Kate Bostock has resigned from Asos. Bostock joined the etailer in January this year.
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AnalysisThorntons’ fourth quarter: What the analysts say
Thorntons today reported a 5.6% boost in fourth quarter sales as its commercial arm drove a strong performance. The City reacted positively to the figures.
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NewsThorntons fourth-quarter sales rise as turnaround gathers pace
Thorntons has recorded a 5.6% rise in total sales in the fourth quarter as its plan to rebalance the business towards its commercial arm bears fruit.
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NewsJack Wills makes loss as business overhauled ahead of sale
Preppy fashion retailer Jack Wills made a £9.7m loss last year as the business was overhauled ahead of a sale or float.
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NewsModelZone administrator Deloitte to begin closing stores
Toy retailer ModelZone’s stores are to begin closing over the coming weeks after administrators failed to find a buyer for the collapsed retailer.
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OpinionComment: Business rates - The fight for rates reform continues
After the disappointment of the Budget in March this year, efforts by the retail industry to force an overhaul of the business rates regime are once again picking up momentum.
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NewsBonmarché eyes IPO just 18 months after administration
Value fashion retailer Bonmarché is reportedly gearing up to float on the stock exchange 18 months after it fell into administration.
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InterviewQ&A: We've silenced the critics, says SuperGroup boss Julian Dunkerton
As Superdry-owner SuperGroup posts a 22% surge in full year underlying pre-tax profit to £52.2m, chief executive Julian Dunkerton tells Retail Week he has silenced the retailer’s critics.
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AnalysisSuperGroup full year results: What the analysts say
SuperGroup posted a strong set of results this morning, recording a 22% hike in underlying pre-tax profit to £52.2m in the year to April 28. Retail Week finds out if the results have impressed the City.
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NewsPrimark sales surge 20% in third quarter driven by new stores and warmer weather
Primark sales surged 20% in its third quarter driven by new stores and “good” like-for-like sales growth due to the improved weather.
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OpinionComment: Marks & Spencer's focus turns to autumn fashion range
Investors are likely to press the pause button on Marks & Spencer for the time being. The retailer’s first-quarter statement came in much as expected.
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AnalysisAnalysis: Online tax debate – who should pay more?
The idea of an etail-only tax has divided the industry. Could it work or is more tax a bad thing for everyone?
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AnalysisHalfords first quarter: What the analysts say
Halfords has posted a 7.5% rise in like-for-like sales for the first quarter. Retail Week rounds up analysts’ thoughts on the cycling and car parts retailer’s performance.