All City & finance articles – Page 413
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NewsClintons founder Don Lewin to step down as profits slump
Greetings card retailer Clintons has revealed its founder and non-executive chairman Don Lewis is to step down from the company in July.
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NewsTopps Tiles expects 4.5% like-for-like sales fall
Topps Tiles is expected to report a 4.5% fall in like-for-like sales for the first half.
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NewsComet enjoys best sales for two years
Comet chairman John Clare has said the retailer has enjoyed its best sales for two years and is hoping to break even this year.
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NewsBrand Alley sales soar 60% in 2011
Brand Alley sales soared 60% in its full year to December 31, 2011.
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News
Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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OpinionSuperGroup is growing up
In the same way as its togs are increasingly sported by older consumers, SuperGroup is becoming more mature.
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NewsNext warns of "uncertain" year despite 5.6% profits rise
Next has warned that the year ahead is “uncertain” despite both profits and sales at the high street retail group increasing last year.
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NewsKingfisher profits up as it eyes new markets for growth
Kingfisher full year adjusted pre-tax profits soared 20% to £807m, driven by a strong performance in France and the UK.
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NewsEarly spring drives up Debenhams’ sales
Debenhams reported that its early spring season launch helped drive like-for-like sales growth in the first half.
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NewsPotential buyers circle Game
Beleaguered entertainment retailer Game was being circled by potential buyers within hours of putting administrators on standby yesterday.
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NewsGA Europe in the frame to buy Birthdays chain
Retail restructuring specialist GA Europe is among those bidding to take control of greetings card chain Birthdays, which parent Clinton may sell.
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NewsSainsbury’s confident that big stores have future as sales rise
Sainsbury’s boss Justin King has affirmed confidence in his big-box stores after Morrisons chief Dalton Philips warned that grocers’ giant sheds would become “a blip in the history of retail” as online grows.
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NewsSainsbury's records 2.6% like-for-like sales uplift
Sainsbury’s has recorded a 2.6% increase in like-for-like sales excluding fuel for the fourth quarter.
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NewsGame suspends shares as no equity left in business
Game has suspended trading on the London Stock Exchange as it concludes there is no equity left in the business.
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AnalysisBurberry: A great British success
Stellar financial performances, outstanding product and international acclaim – winner of the Oracle Retailer of the Year, there is seemingly no stopping Burberry’s exceptional performance. Rebecca Thomson charts its phenomenal success.
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NewsDFS to open first high street store on Tottenham Court Road
Sofas giant DFS makes first high street foray as it takes over Next Home’s landmark premises.
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NewsDreams founder vies for control
Dreams founder Mike Clare is plotting an attempt to regain control of the beds retailer, it is understood.
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NewsApril sales growth to rise year-on-year
Retail sales growth in April will be lower than experienced historically but will be up year-on-year, a new monthly forecasting service for Retail Week subscribers reveals.
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OpinionDebenhams’ winning formula
George MacDonald has written for Retail Week for more than 10 years, covering various sectors. He is a frequent TV and radio commentator on retail trends and issues.
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AnalysisAnalysis: Morrisons boss Dalton Philips’ ‘killer concept’
Morrisons’ chief executive is sure the grocer’s biggest opportunities still lie ahead, he tells Alex Lawson.