All City & finance articles – Page 454
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News
Richer Sounds profits slump 18%
Electricals retailer Richer Sounds has revealed its pre-tax profits slumped 18% to £2.8m in the year to the end of April.
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News
Ikea UK & Ireland full year sales edge up 1%
Furniture giant Ikea UK & Ireland experienced a 1% rise in like-for-likes in the year to August 31 as the retailer grew its share in a difficult big ticket market.
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News
Focus brings in Lazard as owner considers its options
Focus DIY’s owners have hired bank Lazard to consider options that could lead to a sale of the home improvement chain.
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News
Shore Capital hires new retail analyst
Broker Shore Capital Markets has hired a new retail analyst.
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News
Ocado rises on expansion prospects
Ocado shares rose at the start of the week when the home shopping group, which sells Waitrose groceries as well as other brands, said it could cater for 1.5 million more potential customers by expanding delivery to the Southwest of England and South Wales.
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News
Retail fears ebb but long-term risk stays
Fears for the retail industry because of the Government’s spending review seem to have been assuaged.
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News
Debenhams sticks to its guns over Christmas promotions
Debenhams will stick to its traditional promotional stance this Christmas, a strategy that it says is misunderstood by some observers.
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News
Phase Eight profits leap as changes bring flexibility
Womenswear chain Phase Eight more than doubled profits last year, after increasing its open to buy budget and focusing on refining its customer base.
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News
Booths to boost sales with new own-brand
Booths, the grocer based in the Northwest of England, has revealed a 1.3% uplift in pre-tax profits to £7.6m as it launches a new own-brand to appeal to customers seeking value.
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News
Shake-up for Peacocks as bidders circle
Peacocks has shaken up its management team as private equity houses circle the retailer.
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Opinion
Too soon to see Best Buy’s impact
Aside from Next, the big update next week will come from Carphone Warehouse which posts interim results on Friday.
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News
Carpetright sales fall 7.3% in ‘difficult’ market
Carpetright disappointed the City with its second-quarter update on Wednesday. The floorcoverings market leader suffered from unsettled consumer confidence and lower mortgage approvals.
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News
Go Outdoors triples profit to £4.3m and rejigs management
Outdoor specialist Go Outdoors’ pre-tax profits more than tripled from £1.2m to £4.3m in the year to January 3 and the retailer has rejigged management roles.
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News
Flying Brands sales grow 12% despite setbacks
Home shopping group Flying Brands reported sales from its ongoing business rose 12% to £5.6m in the three months to October 1.
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News
Go Outdoors emerges as bidder for Blacks
Privately-owned specialist retailer Go Outdoors has emerged as a bidder for Blacks, Retail Week has learned.
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News
Private equity bids in for Office
PAI Partners, the private equity firm behind Spanish fashion retail giant Cortefiel, and T J Hughes investor Silverfleet Capital, have thrown their hats in the ring to buy footwear retailer Office, Retail Week can reveal.
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Opinion
Funding is out there, but only for the best deals
Funding is out there for deals involving large retailers with dominant market positions, but is still harder to come by for smaller deals and distressed situations, the World Retail Congress heard this morning.
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News
Phones 4U considers refinancing as alternative to sale
The owners of Phones4u are considering refinancing the business as an alternative to selling it, it is understood.
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News
Carpetright UK & Ireland like-for-likes drop 7.3%
Floorings specialist Carpetright group sales dropped 5.2% in the 12 weeks to October 23, with the retailer saying it expects tough trading conditions to continue into 2011.
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News
Park Group expands into eurozone
Christmas hampers and vouchers specialist Park Group is expanding internationally.