All City & finance articles – Page 435
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OpinionTransformation takes time
Retailers should look on today’s tough market as an opportunity, says Sir Geoff Mulcahy.
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NewsThorntons warns on profits
Thorntons’ own store sales like-for-likes fell 12.6% in its third quarter and the chocolatier warned on profits.
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OpinionSunday trading laws are not sustainable
Politicians have long talked about reducing retail regulation, but the Government’s Red Tape Challenge is the first sign of action.
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NewsTesco shares down but brokers confident
Grocery and general merchandise giant Tesco edged down as the market digested the first set of results delivered by new boss Phil Clarke.
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GalleryRoyal Wedding Windows
Retailers have decked out their stores to celebrate the royal wedding.
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AnalysisTying the retail knot
Wills and Kate tie the knot tomorrow, and in keeping with the fervour we take a look back at some of the most notable marriages of retail businesses over the years. Have these unions stood the test of time or did they decide to go their separate ways? Charlotte Hardie ...
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NewsSports Direct stock rises despite tough trading
City confidence that Sports Direct will achieving its £215m EBITDA target in 2012 rose following a 7.3% jump in gross profits despite tough trading conditions.
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NewsStaff cuts planned despite rise in retail employment
Retail employment edged up 0.5% in the first quarter of 2011 - the equivalent of 3,400 more full-time jobs - but almost one third of retailers expect to cut staffing levels in the current quarter.
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NewsRoyal wedding celebrations cause mixed trade for retail
Wedding gives boost in sales in run-up to April 29 but drop in footfall is predicted on the big day.
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NewsTesco to rein in category growth with home focus
Tesco group chief executive Phil Clarke has signalled that the retailer’s non-food, non-fashion offer will focus on product for the home and garden rather than further experimentation with items such as gold and cars.
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News
Ideal snapped up as TV shopping catches on
Home shopping group Ideal Shopping Direct is to be sold to private equity firm Inflexion as interest in TV shopping channels increases.
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NewsTesco’s candour impresses City
The City was impressed with Tesco chief executive Phil Clarke last week when he delivered his first full-year results, although sales slipped slightly by 1.28% on the day.
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NewsArgos pushes new products in a bid to combat tough trading
Multichannel general merchandise giant Argos is to move into new product categories as it chases growth in tough trading conditions, which led to a plunge in profits.
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Opinion
Argos down but not out
Is Argos the new Woolies, someone asked last week when parent Home Retail issued prelims showing plunging profits at the catalogue store business.
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AnalysisWhat's big in 2011?
What is the state of UK retail in early 2011? That’s what Retail Week sought to find out with Retail 2011, the authoritative analysis of UK retail today. In this extract from the report, we look at the key themes that emerge.
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NewsWaterstone's: no deal this week, no year-end deadline
Any deal to sell Waterstones to Russian billionaire Alexander Mamut is unlikely this week, and could be several weeks off, according to sources familiar with the situation.
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NewsFarmfoods profits soar 30%
Frozen food specialists Farmfoods profits rose 30% in 2010. The retailer’s pre-tax profit for the year ending December 31 2010 leaped to £17m from £13.1m in 2009.
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NewsSecond profit warning in a month from Carpetright
Carpetright has issued its second profit warning of the month and third of the year, after sales fell further in the 11 weeks to April 16
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NewsPrimark's growth slows in first half
Primark’s profits grew 5% in the first half, and the company said trading in the UK had shown signs of improvement after a disappointing start to 2011.
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OpinionWhen the going gets tough...
As we head towards summer it’s now clear that this will be a very difficult year for UK retail.