All City & finance articles – Page 442
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NewsArgos to drive engagement with TV channel
Catalogue store group Argos is to launch a digital TV home shopping channel this summer.
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NewsAlworths meeting in bid to secure business’ future
Alworths, the ‘son of Woolworths’ chain launched by a former Woolworths director, was due to meet with financial adviser Leonard Curtis to discuss its future as Retail Week went to press.
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NewsManagement behind deal for Allied Carpets
Allied Carpets operations director Dean Weston is understood to have led Savana Trading’s purchase of the retailer, which was completed on Monday.
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NewsAll Saints ‘on the brink’ of winning new investment
The future of All Saints was in the balance as Retail Week went to press.
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NewsBenetton profits dip
Benetton, the Italian-based fashion label, said profits for the full-year to December 31, 2010 was down on 2009 figures, largely due to rising raw material costs.
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NewsAllied Carpets sold by Hilco
Allied Carpets has been sold by restructuring firm Hilco to a consortium of private investors.
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AnalysisRETAIL 2011
The definitive report on the state of the retail industry, from the leaders in UK retail
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NewsDebenhams first half profit to be ahead of last year
Department store group Debenhams said it expects pretax profit for its first half to be ahead of last year and in line with management expectations but it remains cautious on the outlook.
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NewsKesa chief executive is most 'overpaid' FTSE 250 boss
Thierry Falque-Pierrotin, chief executive of Comet owner Kesa, is the most ‘overpaid’ FTSE 250 chief executive a study has found.
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NewsJD Sports Fashion and JJB Sports talks are off
JD Sports Fashion has announced it has no intention to make an offer for JJB Sports, claiming JJB has failed to reveal key information about the business.
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NewsLittle relief in sight as stores sector stays flat
The stores sector was flat as a Shrove Tuesday pancake - perhaps a better performance than might have been expected as the latest BRC sales data showed the worst growth in almost two years.
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NewsGame faces tough task of etail growth
Game’s pledge to plough £15m into online and digital gaming was applauded by Espirito Santo but it was concerned that sales growth might not offset the investment.
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NewsDixons Retail expected to stay on top of rival Kesa
Currys and PC World owner Dixons Retail is expected to continue to outperform arch-rival Kesa, owner of Comet, Shore Capital maintains.
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NewsOcado sales boost fails to convince the City
Ocado posted a first-quarter performance in line with City expectations, but some brokers continue to question the online grocer’s model.
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NewsBrokers believe the ‘worst is over’ for M&S share price
Brokers spotted opportunity in Marks & Spencer, despite evidence that clothing and general merchandise retailers continue to suffer tough trading.
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NewsControversial asset-based refinancing tops up TJ Hughes
Value department store group TJ Hughes has refinanced using an asset-based facility rather than conventional borrowing.
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NewsAlworths forced to close store during rent dispute
Uncertainty still surrounds the future of variety store group Alworths, which is undergoing restructuring and a likely change of ownership (Retail Week, March 4).
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NewsJJB meets its shareholders ahead of fundraising plea
JJB Sports chief executive Keith Jones has visited the US to brief big shareholders in preparation for the retailer’s next round of fundraising.
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News
Asda gets the go ahead from OFT for Netto deal
The Office of Fair Trading has ruled that Asda’s acquisition of Netto will not be referred to the Competition Commission.
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OpinionOnly channel is multichannel
The necessity of a serious multichannel business, if anyone doubted it, was starkly illustrated in Tuesday’s BRC sales figures for February.