All City & finance articles – Page 393
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NewsRetail growth to increase in next 10 years as more ‘considered consumer’ emerges
Retail sales are expected to grow at a faster rate over the next decade than the past 10 years as a “new era of buying” is ushered in by the rise of the ‘considered consumer’.
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AnalysisSupergroup's third quarter: What the analysts say
Supergroup generated a like-for-like sales surge of 10.6% in its third quarter to January 27, signalling a recovery from its warehousing and accounting issues last year. Retail Week looks at what the analysts think.
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NewsBurberry appoints former BBC boss as chief operating officer
Burberry has appointed former boss of BBC Worldwide John Smith as its chief operating officer, in a new role for the luxury brand as it bolsters its multichannel capabilities.
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NewsOcado EBITDA climbs as it seeks to accelerate growth
Online grocer Ocado delivered a 23.9% surge in EBITDA to £34.5m last year as it generated double-digit sales growth after making improvements to its core offer.
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OpinionComment: Angela Spindler is a welcome addition at N Brown
Angela Spindler was a surprise, but welcome, choice to become new chief executive of home shopping group
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NewsBeales falls into the red as it refinances with asset-based deal
Beales has secured an asset-based refinancing with Burdale after it fell into the red as like-for-likes dropped 5.6% last year.
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OpinionComment: Retailers looking for financing could face a tough road ahead
This might sound like an understatement, but now is not the best time to be looking to refinance a retail business.
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AnalysisAnalysis: The highs and lows of Christmas trading
The aftermath of the festive season brought drama, as a clutch of high street retailers collapsed. But how did the retail industry perform overall? Rebecca Thomson reports.
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AnalysisProfile: Angela Spindler, N Brown's new chief executive
Angela Spindler, boss of discount retailer The Original Factory Shop, was unveiled as N Brown’s new chief executive this morning. Retail Week takes a look at her credentials.
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OpinionComment: Debenhams’ fresh strategies impress city analysts
Department store Debenhams has been a bit out of favour since Christmas, when chief executive Michael Sharp’s comments on margin spooked some analysts.
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NewsCarpetright UK like-for-likes edge up 3.2% but Dutch sales remain weak
Carpetright UK like-for-likes edged up 3.2% in its third quarter to January 26 but plunged 11.5% in the rest of Europe as sales at its Dutch business remained weak.
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NewsFormer Baugur boss Johannesson plans UK comeback
Former Baugur boss Jon Asgeir Johannesson hopes to make a UK comeback and is interested in buying into small companies.
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NewsBeales in talks to renegotiate debts amid tough trading conditions
Department store group Beales is in talks to renegotiate its debt as it battles difficult high street trading conditions.
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OpinionComment: Welcome back to a top retail role, Sir Stuart Rose
It’s good to see Sir Stuart Rose back in retail’s public company world as chairman of online grocer Ocado.
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OpinionNick Bubb's Verdict: Sales bad, profits good at WHSmith... again
Bearish hedge funds have been targeting several UK retailers in recent weeks, expecting their shares to go down after disappointing trading at Christmas.
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AnalysisWHSmith 20-week update: What the analysts say
WHSmith has once again generated profit through cost cutting despite posting like-for-like sales down 5% in the 20 weeks to January 20. Retail Week looks at analyst comment.
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NewsWHSmith like-for-likes drop 5% but it delivers 'good profit'
WHSmith like-for-like sales dropped 5% for the 20 weeks to January 20, but the book and stationery retailer said it delivered a “good profit performance” during the period.
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NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
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OpinionComment: A crucial six months for Marks & Spencer's Marc Bolland
Marks & Spencer’s styles were not in fashion over the crucial Christmas period, and that means chief executive Marc Bolland is under growing pressure to make improvements.
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News
Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...