All City & finance articles – Page 402
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NewsErnest Jones drives strong Signet sales
H Samuel and Ernest Jones owner Signet has reported a 7.1% increase in like-for-like sales fuelled by a strong UK performance in the second quarter.
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NewsWHSmith expects full-year figures to be at top end of market expectations
WHSmith said it expects the outcome for the year to August 31 to “be at the top end of market expectations” in a pre-close trading statement today.
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NewsJD to dispose of Canterbury as it acquires OneTrueSaxon
JD Sports Fashion is to acquire the casual clothing brand OneTrueSaxon for £50,000 and has inked a deal to dispose of its rugby brand Canterbury to Pentland for £22.7m, three years after acquiring it.
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NewsCo-op profits tumble 16% in 'fiercely competitive food market'
The Co-operative Food’s underlying profit slumped 16% to £119m in the six months to June 30 amid “fierce” competition in the food sector and the “unrelenting consumer downturn”.
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OpinionComment: Competition hots up for Amazon
The launch of US bookseller Barnes & Noble’s Nook ereader in the UK this autumn will bring a welcome increase in competition in the ebooks market.
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OpinionNick Bubb's verdict: Asda - is PR more important than performance?
Most businesses would say that performance is more important than PR spin, but this afternoon the formidable Asda PR machine is in full flow after the Walmart Q2 sales figures were published in the US, as Asda is “never knowingly under-promoted”.
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AnalysisAnalysis: Is it RIP for JJB?
Another day, another story proclaiming the end is nigh for JJB Sports. Today it was the turn of JJB founder Dave Whelan to put his two pennies worth in, claiming the retailer’s future looked bleak.
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NewsJJB founder David Whelan raises concerns over retailer's survival
The founder of JJB Sports David Whelan said the future looks bleak for the struggling sports chain after US backer Dick’s Sporting Goods wrote off the value of its investment in the retailer yesterday.
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OpinionComment: Opportunity knocks at SuperGroup
Just as SuperGroup looked to be getting a stable management in place, the fashion retailer has suffered the sudden loss of its co-founder and chief executive for wholesale and international.
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NewsJJB shareholder Dick's writes off investment
JJB Sports shareholder Dick’s Sporting Goods has written off the value of its investment in the retailer just five months after injecting £20m into the struggling chain.
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NewsOcado insists it will not breach banking covenants
Ocado has defended itself against speculation it could breach its banking covenants and has emphasised it is able to fund its second distribution centre.
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NewsSuperGroup co-founder Theo Karpathios exits
SuperGroup’s co-founder Theo Karpathios has resigned from the fashion business.
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NewsJJB Sports eyed by Jon Moulton's Better Capital
Private equity tycoon Jon Moulton is understood to have offered to buy struggling sportswear retailer JJB Sports.
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NewsDixons increases its stake in Pixmania
Dixons has acquired a 22% stake in ecommerce business Pixmania, taking its share holding in the company to 99%.
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AnalysisHMV: What the analysts say
As HMV outlines its strategy to hit £10m this year profit against a £16.2m pre-tax loss in its year to April 28, Retail Week rounds up analyst viewpoints on the retailer’s future.
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NewsFrench Connection warns first-half profits to drop by £7m
French Connection warned first-half operating profits would be £7m lower than last year as it resorted to additional discounting
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NewsHMV reports full-year £16.2m pre-tax loss
HMV made a £16.2m pre-tax loss in its year to April 28 but is confident it will achieve at least £10m profit in its current year.
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OpinionComment: July BRC figures show signs of life
The July sales figures reported by the BRC hardly represented a ‘wish you were here’ postcard from the industry, but behind the monthly figures there were reasons for optimism.
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NewsJJB Sports investors plot turnaround plan
JJB Sports’ biggest investor Invesco is considering forcing through a restructure of the troubled sportswear retailer to speed up its turnaround plan.
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.