All City & finance articles – Page 416
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NewsHMV granted breathing space by banks
UPDATED: Struggling entertainment retailer HMV has revealed its banks have relaxed its terms and given it more headroom in a move that will have a “materially positive impact on the Group’s profitability and cash flow”.
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AnalysisLike-for-like sales: What do retailers need to know?
With the Christmas battle for spend over how can observers tell who performed best? Are like-for-likes the ideal measure or are they just part of a bigger picture?
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OpinionDuddy must stop Argos’s slide
News editor Nicola is has worked on the news desk at Retail Week for three years, covering property, furniture, DIY, and entertainment.
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NewsBuffett ups stake in Tesco
Billionaire investor Warren Buffett has increased its shareholding in Tesco.
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OpinionRetailers hold firm as Tesco tailspins
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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NewsTesco defends Robbins shares sale
Tesco has refuted allegations that its chief operating officer sold £202,000 of shares in the knowledge the retailer’s stock market value was set to plummet.
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OpinionIs there really appetite for investment in retail?
So 2012 opens up before us and, if we’re to believe the Mayans, we could be witnessing the last set of post-Christmas retail figures this side of the Apocalypse.
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AnalysisTesco's prospects: The City view
Tesco’s poor Christmas trading update wiped £5bn off the company’s stock market value yesterday in what is being dubbed a ‘Black Thursday’ for retail.
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NewsOriginal Factory Shop reports festive growth
Value department store group The Original Factory Shop has revealed like-for-like growth of 4.2% in the five weeks to January 8 after womenswear and toys drove festive sales.
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OpinionNot so entertaining
You wouldn’t want to be selling anything entertainment-related right now, going by the updates from HMV and Game this week.
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NewsSuperGroup sets trend to cut prices but not quality
Other retailers poised to follow SuperGroup’s ‘sensible’ lead with lower prices.
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OpinionHard work begins as retail fortunes diverge
One “dazzling” week’s trade in December gave the impression that retailers’ Christmases had all come at once.
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NewsFood retailers slide as sentiment worsens
As the Christmas trading statements started to come thick and fast, general retailers just about held their own against the market.
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NewsAsda outstrips rivals over festive period
A mix of advertising, promotions and vouchers brought success for Asda.
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NewsGame boss insists it has a future despite anxiety over convenant
Game chief executive Ian Shepherd has insisted the entertainment retailer does not face structural challenges that endanger its future, as he revealed a slump in Christmas sales.
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NewsThorntons suffers poor Christmas performance
Thorntons failed to meet expectations as it endured a poor Christmas in the face of tough competition.
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NewsOcado enjoys late Christmas sales surge
Online grocer Ocado enjoyed a late surge in sales in the last week before Christmas, up 23.8% on the previous year.
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AnalysisMargins: What do retailers need to know?
Many retailers started their Sales early during the Christmas period. What are the implications of discounting on retailers’ margins?
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NewsSignet UK sales edge up 1.8% over Christmas
Jewellery giant Signet’s UK sales edged up 1.8% in the nine weeks to December 31.
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NewsHMV sales slump over Christmas
Entertainment retailer HMV suffered a sales slump over Christmas, although performance was better than when it last updated.