All City & finance articles – Page 450
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NewsSales slip at Edinburgh Woollen Mill
Scottish clothing and gifts retailer Edinburgh Woollen Mill’s sales slipped to £156.8m from £157.8m in the year to February 27, despite the opening of 21 stores in the year.
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NewsOFT to crack down on misleading pricing
The Office of Fair Trading (OFT) is threatening to crack down on retailers’ pricing practices following a study into misleading pricing.
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NewsDixons ‘staying competitive’ as market conditions toughen
Electricals group Dixons Retail hopes to keep consumers spending when VAT rises next year with eye-catching prices but is unlikely to stage a full-scale VAT holiday.
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OpinionTesco leads overseas charge
Fresh from being shown around its Asian operations, brokers agree that international is Tesco’s most significant growth opportunity.
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NewsFalling confidence hits Alexon
Womenswear group Alexon reported weaker-than-expected interims with house broker Investec cutting its full-year forecast.
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NewsFindel to raise £80m for investment and to cut debt
Multichannel specialist Findel wants to raise £80m of equity through a rights issue to pay down debt and invest in key areas.
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OpinionDifferentiation will be key in 2011
It’s that time of year for peeping over the parapet to stare at the new year.The trouble with predictions is that so often the reality turns out to be much wilder than the forecasts.
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NewsKingfisher profits up but B&Q sales down
Kingfisher has reported an 8.2% increase in third quarter profits, but like for like sales were down 4.2% in the UK.
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NewsJJB likely to breach banking covenants
JJB Sports has said it is likely it will breach its banking covenants as trading conditions have remained challenging and like-for-like sales remained below expectations.
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NewsFindel profits up as it seeks to raise £80m through rights issue
Mulitchannel specialists Findel operating profits more than doubled from £0.9m to £1.9m in its home shopping arm in the 26 weeks to October 1.
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NewsTopps Tiles profits and sales up
Topps Tiles pre tax profit grew from £9.9m to £12.4m in the 53 weeks to October 2 as the retailer kept a tight control on costs.
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NewsAll Saints boss Stanford forced to pay out £2.5m
Retail entrepreneur Kevin Stanford has reportedly been forced to pay out £2.5m of his own money after personally guaranteeing a bank loan to his former premium womenswear business Ghost which fell into administration in 2008.
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NewsOffice edges closer to £150m deal with Silverfleet
Retail entrepreneur Sir Tom Hunter has entered exclusive talks with private equity firm Silverfleet Capital to sell footwear retailer Office for about £150m.
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NewsTesco's Brasher dismisses Clubcard concerns
Tesco’s incoming UK chief executive Richard Brasher has dismissed suggestions that its ramped-up loyalty programme is inflating UK sales.
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NewsEtailers primed for Mega Monday sales
Etailers are gearing up for Mega Monday, the busiest online shopping day of the year. Trade body IMRG expects year-on-year sales to increase 16% that day.
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NewsLondon store disposal is ‘good deal for HMV’
Analysts welcomed last week’s disposal by entertainment retailer HMV of one of its Oxford Street stores for £13.7m.
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NewsTakeover gossip prompts Kesa share price to climb
Electricals group Kesa was once again at the centre of takeover speculation, prompting its share price to reach a two-year high of 166p on Monday.
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OpinionChristmas will be fine, but...
With December just around the corner, consumers and retailers are preparing for the annual game of cat and mouse.
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OpinionA white-knuckle ride into Christmas
It’s ironic that while Christmas decorations come into stores earlier every year, customers are leaving their spending even later.
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NewsLondon retailers’ fears over Boxing Day Tube strikes
Potential Tube strikes in the run-up to Christmas and on Boxing Day could hit retailers’ sales in the key festive trading period.