All City & finance articles – Page 419
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News
Dwell posts EBITDA profit despite tough trading in furniture sector
Furniture chain Dwell has bounced back into the black at an EBITDA level as sales grew in the year to January 28 despite a punishing big-ticket market.
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News
Halfords to cut costs with stores shake-up
Halfords is aiming to make cost savings on its property portfolio as 150 leases come up for renewal.
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Opinion
Halfords on the right road
On the face of it, Halfords’ numbers did not look too pretty last week. The car parts and bikes retailer reported a pre-tax profit fall of 20% in its first half.
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News
Glimpses of positivity despite shares slide
Stores shares were down slightly compared with the previous week, when they had advanced following the dramatic events and reams of interim results from major retailers.
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Analysis
What next for Comet?
After last week’s £2 sale of Comet, debate is raging over whether its new owners can turn the ailing electricals retailer around. By Rebecca Thomson.
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News
Game downgrades sales forecasts in “extraordinary economic times”
Game has revealed a like-for-like sales fall of 8.6% in the 41 weeks to November 12 as the retailer suffers in “extraordinary economic times”.
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News
Asda like-for-likes up 1.3% in Q3
Asda like-for-likes excluding fuel and VAT increased 1.3% in its third quarter to September 30.
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News
Burberry half year profits surge 26%
Burberry adjusted pre-tax profit jumped 26% to £161.6m in the six months to September 30, in half year results published today.
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News
BrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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News
Bolland and King highlight changing shopper behaviour
M&S and Sainsbury’s aim to ensure consumer demand for quality and value is effectively met.
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Opinion
M&S strategy looks sound
So far so good for Marc Bolland. While the Marks & Spencer chief executive revealed a fall in first-half profits this week, the overall performance was in line with analysts’ expectations and most onlookers breathed a sigh of relief.
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News
Drama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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Analysis
Christmas expectations: What do retailers need to know?
An ill wind is blowing in the run-up to Christmas as signs point to a dip in spending over the festive period. Is there any hope of good cheer on the horizon?
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News
Morrisons targets bulk buy payday offers
Morrisons is targeting payday wage packets with bulk buy offers.
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News
WHSmith like-for-likes fall 6%
WHSmith has revealed a like-for-like sales slump of 6% in 10 weeks to September 1.
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News
Morrisons remains cautious as like-for-likes rise 2.4%
Grocer Morrisons has revealed a like-for-like increase excluding fuel of 2.4% in the 13 weeks to October 30, despite conditions remaining “challenging”.
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Interview
Q&A: SuperGroup boss Julian Dunkerton and chief financial officer Chas Howes
Retail Week speaks to SuperGroup’s chief executive Julian Dunkerton and chief financial officer Chas Howes following its second quarter update.
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News
SuperGroup warehouse glitch slows sales growth
SuperGroup sales growth slowed in its three months to October 30 as its warehouse glitch takes its toll on sales.
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News
Sainsbury's profits up 6.6% in first half
Sainsbury’s has reported “strong” sales with underlying pretax profit up 6.6% to £354m, excluding gains on property sales.
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News
Comet sold to OpCapita for £2
Turnaround private investment firm OpCapita has bought electricals retailer Comet from owner Kesa for £2.