All City & finance articles – Page 437
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NewsShop Direct earnings soar as new brands outperform
Tight stock control and efficient management of customer credit boost home shopping giant.
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NewsWickes like-for-likes down 8.8%
Travis Perkins’ retail division, which largely comprises Wickes, saw like-for-likes drop 8.8% in its first half as the business plots its first overseas expansion, in the Netherlands.
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NewsHMV plans Stock Exchange listing change to speed up Live disposals
Entertainment retailer HMV is planning to transfer its Stock Exchange listing category on the Official List from premium to standard.
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NewsFindel sales jump 8% as turnaround gains pace
Home shopping group Findel sales jumped 8% year on year in the 16 weeks to July 25 as its turnaround gained traction.
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OpinionComment: Halfords gears up for the future
It is a cruel irony that the week that Bradley Wiggins became the first Brit to win the Tour de France, the boss of the biggest bike seller in the country was handed his P45.
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NewsFall in store numbers reflects high street woes
Store numbers fell for the first time in three years in the second quarter.
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AnalysisCarpetright: What the analysts say
Carpetright reported a positive first quarter aided by wet weather driving shoppers in store. The City welcomed the ‘solid’ set of results.
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NewsWet weather gives Carpetright a first quarter boost
Carpetright’s UK like-for-likes edged up 1.7% in its first quarter as the wet weather drove customers into stores.
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InterviewQ&A: Dennis Millard, Halfords executive chairman
Yesterday, Halfords chairman David Millard took the helm of the business as it revealed chief executive David Wild was departing amid a profit warning in its first quarter update. Retail Week speaks to Millard about his interim executive chairman role and who he wants to lead the business’ new strategy.
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OpinionComment: Halfords - Are the wheels coming off?
The Aztecs used to indulge in a bit of human sacrifice to appease the gods and it has become customary for companies to imitate the process when it comes to issuing repeated profit warnings.
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NewsSports Direct profits up as online sales rocket
Sports Direct achieved a “record” year with pre-tax profits rising by almost 25% driven by a bumper year for online sales.
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NewsKingfisher like-for-likes flat as UK outshines France
DIY giant Kingfisher has reported flat group like-for-likes in its second quarter as the UK and Ireland outshone its French business.
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NewsMothercare UK like-for-likes drop 6.7% in first quarter
Mothercare UK like-for-likes dropped 6.7% in its first quarter, which chairman Alan Parker said was in line with its expectations.
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NewsJJB Sports calls for 'accelerated' funding
Embattled sports retailer JJB Sports said it needs funding more quickly than expected to tackle the tough trading conditions and is in discussions with its “strategic partners” about raising capital to fund its turnaround.
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NewsHalfords boss Wild exits as it warns on profits
Halfords chief executive David Wild has exited the retailer as it warned on profits following a weak first quarter.
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OpinionComment: City cautious of Marks & Spencer appointments
The fall in Marks & Spencer’s share price following last week’s update and AGM shows that the retailer has some way to go to convince the City that it is on track.
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NewsAsos denies director is to exit despite share sale
Asos product director Robert Bready has sold all of his shares in the fashion retailer fuelling rumours he is to exit.
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NewsThe Original Factory Shop EBITDA soars in first quarter
The Original Factory Shop EBITDA jumped 20% in its first quarter.
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NewsDreams' owner lays out restructuring proposal
The owner of Dreams is attempting to take control of the bed specialist from its lenders as part of a planned restructure involving more investment and, potentially, store closures.
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OpinionSuperGroup: Light at the end of the tunnel?
Just as speculation starts about a potential IPO in the retail sector in the form of Poundland, it is ironic that today has seen the last major flotation in the sector, SuperGroup, try to pick up the pieces after a disastrous year when the share price slumped well below after the debut level after a material shortfall in profits.