All City & finance articles – Page 410
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NewsDunelm poised to launch first national TV ad as part of £3m marketing overhaul
Homewares retailer Dunelm is poised to launch its first national TV ad campaign as part of a £3m marketing overhaul which will see it dropping ‘Mill’ from its branding.
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OpinionComment: Thorntons enjoys the sweet taste of success
Just two or three years ago, there was a lot of talk about Thorntons being another victim of the structural demise of the high street.
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OpinionNick Bubb’s Verdict: Next - Deflating the bubble
If Chancellor George Osborne thought that his friend Simon Wolfson would come out today and share his rosy view of the economic recovery, then he was mistaken…
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AnalysisMorrisons half year results: What the analysts say
Morrisons today reported it is slashing its investment in new supermarkets and posted a 10% fall in pre-tax profits. Retail Week rounds up the City’s reaction.
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NewsDunelm pre-tax profits up 12.3% with multichannel growth up 80%
Homewares retailer Dunelm has reported pre-tax profit up 12.3% to £108.1m for the year to June 29, and saw multichannel growth up 80%.
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NewsOcado sales surge 16.4% in third quarter
Ocado sales surged 16.4% to £189.2m in its third quarter as order numbers increased.
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NewsMorrisons first half pre-tax profits plunge as like-for-likes dip
Morrisons pre-tax profit plunged 22.1% to £344m in its first half as the grocer invested in reducing pricing, increased marketing and entering new channels.
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NewsMorrisons takes the axe to investment in supermarkets
Morrisons is to slow the pace of new supermarket openings in another sign that the race for big grocery store space is over.
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NewsNext first-half profits jump as it cuts markdown sales
Next’s pre-tax profit rose 8.2% to £271.8m in its first half to July 27 as markdown sales reduced by 13%.
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NewsB&Q mulls Tesco-style investments to fill bigger stores
B&Q is mulling emulating Tesco’s strategy of investing in complementary businesses to fill its bigger retail stores.
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NewsSports Direct retail gross profit soars 20.3% in first quarter
Sports Direct retail gross profit increased 20.3% to £215.6m in its first quarter as retail sales jumped 14.5% to £505.3m.
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NewsB&Q owner Kingfisher first-half profits dip 1.4% in UK and Ireland
Kingfisher UK and Ireland retail profit dipped 1.4% in its first half as adjusted pre-tax profits across the group fell 1.6% to £365m.
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NewsThorntons full-year profits rise as commercial sales increase
Profits rose at Thorntons last year as the chocolatier revamped its model and increased sales to the grocers.
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OpinionComment: Appliances Online to whet investor appetite
Etail group DRL, owner of AO.com (formerly Appliances Online), has this week moved a step closer to a stock market flotation after hiring banks Jefferies and JP Morgan.
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OpinionComment: Greater innovation is helping mobile commerce to thrive
According to the IMRG Capgemini e-Retail Sales Index, the proportion of online sales made through mobile devices doubled in the three months to the end of July.
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NewsPrimark owner raises profit forecasts after strong summer
Primark owner Associated British Foods (ABF) has raised its second-half profit expectations after strong summer sales at the fashion retailer.
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NewsAppliances Online owner DRL steps up flotation plans
AO.com owner DRL is a step closer to listing on the London Stock Exchange after taking on advisers and lining up banks to complete the deal.
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AnalysisAnalysis: What do Dixons' sell-offs mean for the retailer?
Dixons today revealed plans to sell off its lossmaking Pixmania business and Turkish arm ElectroWorld. Retail Week takes a look at the implications for the retailer.
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NewsDixons' sale of Pixmania and Electroworld: What the analysts say
Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld, as it revealed UK and Ireland like-for-likes rose 6% in its first quarter. Retail Week takes a look at what the analysts say.
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AnalysisSupergroup's first quarter: What the analysts say
Supergroup like-for-likes increased 8.5% in its first quarter due to its policy not to run Sales. Retail Week takes a look at what the analysts say.