All City & finance articles – Page 414
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NewsTesco set to turn focus on smaller stores
Tesco chief executive is likely to focus on small stores and scale-back store expansion as part of his new strategy for the UK’s largest retailer.
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AnalysisMothercare: what the analysts say
The analyst community has its say on Mothercare’s move to close a further 110 stores as part of its strategy to quell its declining UK sales:
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NewsJD profits hit by Blacks acquisition
JD Sports Fashion’s pre-tax profit fell by more than 14% last year as the business was hit by its acquisition of outdoor clothing retailer Blacks.
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NewsMothercare to axe a further 110 UK stores
Mothercare is to close a further 110 UK stores as part of its turnaround strategy as its full year UK like-for-likes plunge.
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NewsPark Group full year sales surge 21%
Voucher specialist Park Group sales surged 21% in its full year to March 31.
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NewsDunelm remains cautious as like-for-likes edge up
Value homewares retailer Dunelm like-for-likes edged up 0.6% in the 13 weeks to March 31.
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NewsTesco pressured to pull out of the US
Tesco shareholders are putting pressure on the grocer to pull out of its US venture Fresh & Easy to concentrate on the UK.
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NewsAmazon faces corporation tax investigation
Amazon is under investigation from UK tax authorities over its corporation tax contribution.
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NewsTesco investors put pressure on chairman
Tesco shareholders are putting new chairman Sir Richard Broadbent under pressure over the company’s strategy.
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NewsJJB thrown lifeline as Dick's takes stake in retailer
JJB Sports has received a £30m injection from investors including Dick’s Sporting Goods as it posts a full year pre-tax loss of £101.1m
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NewsJJB attracts interest of US giant Dick's Sporting Goods
JJB Sports’ “potential strategic investor” has been revealed as US sports giant Dick’s Sporting Goods.
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NewsJJB in discussions with "potential strategic investor"
JJB Sports has revealed that it is in discussions about additional financing with its bank and a “potential strategic investor.” The disclosure was made after the retailer’s share price surged this morning.
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AnalysisValue Fashion: Surviving in a tough sector
Following years of unstoppable growth, the value sector is now beset by high costs and falling sales volumes. Rebecca Thomson considers whether the hurdles can be cleared.
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AnalysisGlobal ambitions for Karen Millen
Karen Millen’s move to hire a global retail director is part of a bold overseas strategy that is propelling growth. Gemma Goldfingle reports.
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OpinionHalfords misses the cold starts
The balmy spring weather may be welcomed by most Brits, but it has not been helping those retailers that rely on a bit of cold weather to help drive sales.
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OpinionGame must bridge the trust gap to power up
The immediate aftermath of Game’s collapse into administration – 2,000 jobs slashed and 277 stores closed – makes it the most significant failure of a listed retailer since Woolworths.
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NewsFindel full year sales edge up as turnaround plan bears fruit
Home shopping group Findel’s full year sales edged up 1.1%.
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NewsHome Retail Group chairman Stocken stands down
Home Retail Group chairman Oliver Stocken is to step down as chairman and is to be replaced by John Coombe.
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NewsThe Co-operative Food records 2.1% like-for-like fall
The Co-operative Food faced a “severe challenge” in 2011 as like-for-like sales fell 2.1%.
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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.