All City & finance articles – Page 386
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OpinionComment: Ocado’s pet store - The dawn of an online empire?
Just this week, the Centre for Retail Research released new findings predicting that the share of online from overall retail sales will rise from 12.7% in 2012 to 21.5% by 2018.
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NewsCard Factory considers IPO as owner hires Goldman Sachs
Budget greetings cards retailer Card Factory is planning a £700m stock market flotation.
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NewsSun European pays £23m to creditors after Dreams collapse
Beds retailer Dreams’ new private equity owner Sun European Partners has paid suppliers and trade creditors £23m to clear some of the debt owed when it collapsed into administration.
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NewsKingfisher boss Cheshire insists Brits' love affair with DIY not over
Kingfisher chief executive Ian Cheshire has insisted Brits have not fallen out of love with DIY after reporting a first quarter 4.2% like-for-like decline across the group.
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OpinionNick Bubb’s Verdict: Kingfisher blames the weather, again?
To paraphrase Oscar Wilde: “To lose one quarter, Mr Cheshire, may be regarded as a misfortune. To lose two quarters looks like carelessness.”
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NewsKingfisher posts first-quarter profit fall as poor weather hits footfall
B&Q owner Kingfisher has recorded a 4.2% slump in first-quarter group like-for-likes and a decline in profits as poor weather hit footfall.
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OpinionComment: Mothercare’s turnaround is making steady progress
Mothercare’s full-year update last week marked one year into chief executive Simon Calver’s three-year Transformation and Growth turnaround plan.
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InterviewQ&A: 'We've upped our game on product development to drive top line growth', says Topps Tiles boss
Topps Tiles revealed a first half 16% profit fall this morning despite a sales uplift. Retail Week speaks to chief executive Matt Williams and chief financial officer Rob Parker.
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NewsTopps Tiles cautious on outlook as profits tumble 16%
Topps Tiles’ adjusted pre-tax profit tumbled 16% to £4.7m in the 26 weeks to March 31 and the retailer remains cautious on the outlook.
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OpinionComment: WH Smith continues to confound the critics
WH Smith has just received the unfortunate ‘honour’ of receiving the lowest customer service rating in a UK league table of customer satisfaction.
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InterviewQ&A: 'We need to communicate our changes to customers', says Mothercare boss
As Mothercare boss Simon Calver unveils the retailer’s full-year results, he tells Retail Week how his UK turnaround plan is progressing and where the big opportunities lie.
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NewsSignet reports sales fall at H Samuel as it closes stores
Sales at jeweller H Samuel fell 10.5% in the first quarter to $71.7m after the retailer slimmed down its store estate.
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AnalysisHalfords full-year results: What the analysts say
Halfords chief executive Matt Davies today unveiled his plan to grow the retailer’s sales to £1bn by 2016 following a slump in full-year profits. Retail Week summarises the City’s reaction.
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NewsHalfords unveils £100m investment plan after profits slump
Cycle and car parts specialist Halfords has posted a 24.5% slump in pre-tax profits to £71m as chief executive Matt Davies unveils his £100m investment plan.
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NewsMothercare full-year like-for-likes fall 3.6% as UK losses narrow
Mothercare has reported narrowing losses in its UK business despite a 3.6% fall in full-year like-for-like sales in its domestic market.
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OpinionComment: M&S’s fortunes will not be restored quickly
Marks & Spencer’s results were, like some of its clothing collections, a bit of a mixed bag.
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NewsBolland: 'Online has replaced Marble Arch as our flagship store'
Marks & Spencer’s famous Marble Arch branch has passed the baton as flagship store to the retailer’s online shop, chief executive Marc Bolland said.
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NewsBurberry posts a 14% rise in profits as Chinese sales surge
Luxury fashion retailer Burberry has reported a 14% rise in adjusted full-year pre-tax profits to £428m after a strong performance in Asia.
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NewsMarks & Spencer profits fall despite 1.3% increase in sales
Marks & Spencer has posted a fall in underlying pre-tax profit to £665.2m despite a 1.3% rise in group sales to £10bn as it looks to turn around its general merchandise arm.
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OpinionComment: Boots must remember its loyal customers
The owner of Boots has just announced a trading profit of £1.27bn in the year to March 31 – marking its second straight year of double-digit growth.