All City & finance articles – Page 440
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OpinionPublic retailers in pole position
There’s no doubt that 2011 is shaping up to be a somewhat punishing year for retailers and store stocks have consequently been under pressure.
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NewsTopps Tiles on course for strong results
The City welcomed Topps Tiles’ “solid” update this week, as it revealed like-for-likes will have risen about 1.8% in the first half.
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NewsClinton Cards fights profit fall with loyalty scheme
Clinton Cards is launching a loyalty card in June in an attempt to win customers in a difficult market after group pre-tax profit slumped from £20m to £12m in the first half to January 30.
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NewsDixons ecommerce boss leaving, as company issues profit warning
Electricals group Dixons’ ecommerce director David Walmsley is leaving the retailer.
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NewsDFS planning to capitalise on bank holidays
Sofa giant DFS is aiming to make the most of the extra bank holiday weekends as it revealed adjusted EBITDA remained flat at £41m in its first half.
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NewsSharp sales rise and profit gain at Ted Baker
Quirky fashion retailer Ted Baker’s sales grew ahead of expectations last year and the retailer reported a 24.2% surge in profits.
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NewsNew owners attempt TJ Hughes turnaround
TJ Hughes’ new owners are making efforts to put the value department store group on a firmer financial footing.
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OpinionRetail surgery: What are the pros and cons of a retailer raising money through asset-based lending?
What is asset-based lending, and what are the pros and cons of a retailer raising money this way?
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NewsKingfisher aims to grow by attracting reluctant DIY-ers
DIY giant Kingfisher is prioritising making DIY easier for customers and continued global expansion as it approaches the next stage of its strategy under boss Ian Cheshire.
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NewsStore stocks up ahead of Dixons profit alert
Despite bearish comments from Next boss Simon Wolfson, general stores outperformed the market over the week - but that was ahead of a profit warning from electricals giant Dixons.
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NewsBlackwell’s on track for profit by 2013
Blackwell’s, the academic bookseller, aims to return to profitability by 2013, and has halved annual losses and launched a text-book rental service.
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NewsTopps Tiles like-for-likes up 1.8% in first half
Topps Tiles expects like-for-likes to have increased by about 1.8% in the 26 weeks to April 2.
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NewsDixons warns on profits after dire trading
Electricals market leader Dixons has issued a profits warning and detailed an emergency plan to put the business on track after dire trading.
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NewsMoodys downgrades Matalan on margin fears
Credit ratings agency Moodys has downgraded its ratings on value fashion group Matalan.
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NewsOfficers Club in administration
The rising cost of raw materials has forced discount menswear chain Officers Club into administration, but young fashion chain Blue Inc has saved half of its stores.
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NewsSpeculation swirls around Rose's holding in Marks & Spencer
Former Marks & Spencer chairman Sir Stuart Rose is at the centre of speculation that he has sold a big tranche of shares in the retailer.
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NewsHMV in 'exclusive talks' with Tim Waterstone and Mamut
HMV has entered exclusive talks with Tim Waterstone and HMV shareholder Alexander Mamut about a possible sale of Waterstone’s, it is understood.
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News99p Stores mulls sale as advisors appointed
Discount retailer 99p Stores has appointed advisors to work on a strategic review of the business that could lead to a sale.
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NewsHMV confirms it is mulling sale of Waterstone's and Canada business
HMV has confirmed it is mulling the sale of Waterstone’s as well as its Canadian business as part of its turnaround strategy.
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NewsHigher income shoppers will keep spending
Marks & Spencer, Kingfisher and Dixons will benefit this year from their older, higher income customer bases, according to broker Espirito Santo.