All City & finance articles – Page 407
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NewsUnited Carpets begins store closure review
United Carpets is conducting a store closure review in the face of “extremely challenging” market conditions.
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AnalysisOutsourcing: Is it right for your business?
Retail is about selling products, so outsourcing non-core business functions can make sense for retailers. Anna Richardson Taylor examines the issue.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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AnalysisRetailers’ banks: What do consumers need to know?
By opening a fully fledged, 50-branch bank, Marks & Spencer is relying on the power of its brand – and venturing where Sir Stuart Rose feared to tread.
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AnalysisMulberry: What the analysts say
Despite a slowdown in sales growth in recent weeks, the future is still bright for Mulberry according to retail’s analyst community.
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AnalysisWH Smith: What the analysts say
WH Smith has reported a 1% fall in total sales and a 3% fall in like-for-like sales in the 15 weeks to 9 June 2012. Analysts say it continues to benefit from its skill in cost-cutting, but in the longer term investment will be needed.
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NewsWH Smith confident about full year despite sales fall
Bookseller and stationer WH Smith group like-for-likes were down 3% in the 15 weeks to June 9.
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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AnalysisAnalysis: Deal wrapped up at Clinton Cards but tough work lies ahead
Clinton Cards’ new owner American Greetings will have to make radical changes to return the retailer to profitability.
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NewsAmerican Golf returns to profit as new boss starts
Golfing specialist American Golf returned to profit in its full year. The figures were released as new chief executive former Best Buy UK marketing director Kevin Styles, took up his role.
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AnalysisJD Sports: What the analysts say
The City gives its view on JD Sports’ update and whether growing losses from Blacks will affect its share price.
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NewsBlacks losses will hit £10m this year, says JD Sports
Blacks losses will hit £10m this year according to its owner JD Sports, as group like-for-likes edge up 1.5%.
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NewsSainsbury's sales driven by Jubilee spending
Sainsbury’s recorded a 1.4% uplift in like-for-like sales for the first quarter as Jubilee spending drove sales.
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NewsFindel turnaround on track as pre-tax profit soars
Home shopping retailer Findel’s turnaround has started to bear fruit as pre-tax profit before exceptionals soared 53% to £10.7m in its year to March 30.
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NewsTed Baker remains cautious despite sales uplift
Fashion retailer Ted Baker delivered a “good performance in line with the Board’s expectations” for the 19 week period to June 9 but stressed it remained cautious of the uncertain economy.
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NewsMulberry expected to report 50% full year profit surge
Luxury accessories retailer Mulberry is expected to report a 50% surge in profits when it reveals its full-year results later this week.
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AnalysisTesco: What the analysts say
Tesco reported a 1.5% fall in UK like-for-like sales today, in line with market expectation. The City’s reaction was mixed.
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InterviewQ&A: Tesco chief executive Philip Clarke
Tesco recorded a “robust” first quarter as UK like-for-like sales declined for the fourth consecutive quarter and it battled struggling economies across the globe. Chief executive Philip Clarke was grilled by the press over the performance this morning.
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NewsLaura Ashley like-for-likes jump 5.4%
Laura Ashley UK like-for-likes grew 5.4% in the 18 weeks to June 2.
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NewsTesco records first quarter UK sales fall
Tesco described its first quarter performance as “robust” after reporting a 1.5% decline in UK like-for-like sales.