All City & finance articles – Page 452
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NewsFormer Asda COO Simon King appointed Wickes MD
DIY chain Wickes has appointed former Asda chief operating officer Simon King as its managing director.
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NewsTM Lewin profits up as it eyes further international growth
TM Lewin EBITDA rose 5% to £14.7m in the year to February 26 despite the “challenging conditions”.
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NewsArcadia takes margin hit as it shoulders VAT rise
Topshop-owner takes heart from young fashion, online and overseas despite fall in profits
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OpinionRetail needs a break from the politicians
When is a plastic bag not just any old plastic bag? The answer apparently is when its purpose is to protect what’s inside rather than simply to carry stuff home.
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OpinionDIY innovation pays dividends
Kingfisher’s programme of self-help has paid dividends, and not just to its shareholders.
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NewsStore sector suffers as market plummets
Store stocks took a pummelling over the week although they did not fall as steeply as the wider market.
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NewsDixons group losses widen despite improved UK performance
Electricals group Dixons underlying pre-tax losses widened from £6.9m to £25.3m in the 24 weeks to October 15 however the UK performance strengthened in the period.
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NewsKingfisher boss launches green task force
Kingfisher boss Ian Cheshire is to lead an independent task force aimed at finding new opportunities for UK businesses to drive green economic growth.
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NewsJD Sports preparing for "tough" Christmas
JD Sports Fashion has revealed flat like-for-likes in the 16 weeks to November 19.
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NewsHalfords to cut costs with stores shake-up
Halfords is aiming to make cost savings on its property portfolio as 150 leases come up for renewal.
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NewsDwell posts EBITDA profit despite tough trading in furniture sector
Furniture chain Dwell has bounced back into the black at an EBITDA level as sales grew in the year to January 28 despite a punishing big-ticket market.
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AnalysisWhat next for Comet?
After last week’s £2 sale of Comet, debate is raging over whether its new owners can turn the ailing electricals retailer around. By Rebecca Thomson.
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NewsGlimpses of positivity despite shares slide
Stores shares were down slightly compared with the previous week, when they had advanced following the dramatic events and reams of interim results from major retailers.
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OpinionHalfords on the right road
On the face of it, Halfords’ numbers did not look too pretty last week. The car parts and bikes retailer reported a pre-tax profit fall of 20% in its first half.
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NewsGame downgrades sales forecasts in “extraordinary economic times”
Game has revealed a like-for-like sales fall of 8.6% in the 41 weeks to November 12 as the retailer suffers in “extraordinary economic times”.
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NewsAsda like-for-likes up 1.3% in Q3
Asda like-for-likes excluding fuel and VAT increased 1.3% in its third quarter to September 30.
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NewsBurberry half year profits surge 26%
Burberry adjusted pre-tax profit jumped 26% to £161.6m in the six months to September 30, in half year results published today.
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NewsBrightHouse refinances
BrightHouse has completed its debt refinancing, resulting in more than £100m of senior debt facilities that it will use for repayment of existing financing and working capital.
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NewsBolland and King highlight changing shopper behaviour
M&S and Sainsbury’s aim to ensure consumer demand for quality and value is effectively met.
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AnalysisChristmas expectations: What do retailers need to know?
An ill wind is blowing in the run-up to Christmas as signs point to a dip in spending over the festive period. Is there any hope of good cheer on the horizon?