All City & finance articles – Page 457
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OpinionSainsbury’s stays a step ahead
Sainsbury’s boss Justin King should be feeling pretty pleased with himself. Having successfully silenced all the naysayers who said Sainsbury’s would be the first to suffer in the height of the recession, he is continuing to steer his ship onto a winning course as the economy improves.
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NewsToy retailers mop up after Woolworths’ demise
Toy retailers Toys R Us and The Entertainer have reported a strong year in 2009 after mopping up share left from the collapse of Woolworths.
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NewsWhistles turnaround on course after losses cut
Jane Shepherdson’s turnaround of Whistles is proving a success, with losses slashed and a return to profitability on the horizon.
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NewsAsos launches US site as overseas drive accelerates
Fashion etailer Asos has launched a dedicated US website as it hopes to tap into what it sees as the “enormous” potential of overseas sales.
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NewsAge of food discounter over as Aldi racks up £54m loss
Aldi, the German discounter that became a byword for the shift to value in the recession, has suffered a dramatic reversal of fortune, turning a £93m pre-tax profit in the UK and Ireland into a £54m loss last year.
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NewsThorntons first quarter like-for-likes fall 4.1%
Chocolatier Thorntons has reported a 4.1% fall in like-for-like sales at its own stores over the first quarter of the year.
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NewsDunelm like-for-likes up in first quarter
Value homewares retailer Dunelm has reported like-for-like sales growth of 2.1% in the 13 weeks to October 2.
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NewsIkea breaks with history to reveal annual results
Furniture giant Ikea has broken its traditional habit and issued full-year results in acknowledgement of widespread interest in the business.
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NewsPeacocks calls off sale
Fashion retailer Peacocks will not be sold after there was insufficient interest from potential buyers, Retail Week has learned.
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NewsHalfords is ‘investment opportunity’
Motor accessories and bikes group Halfords remains on analysts’ buy lists despite the departure of finance director Nick Wharton and anticipation of weakening sales.
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AnalysisWhat stops FDs getting the top retail jobs?
When it comes to the top spot in retail businesses FDs are often passed over, but is the ‘numbers man’ stereotype unfair?
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NewsNext joins with Sears to sell clothing online in US
Next is to sell clothing online in the US in partnership with retail giant Sears.
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OpinionSainsbury’s treads carefully
After hunkering down and sticking to the knitting during the recession, the attractions of trading in foreign climes are once again moving up the retail agenda despite the rather uncertain trading conditions at home.
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NewsVision Express fights to capture optical spend with promotions
Vision Express has launched a series of promotional initiatives after reporting strong figures for the 2009 financial year.
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NewsSluggish growth puts brokers off their food
Food retailers’ shares looked far from scrumptious ahead of Tesco’s interim results next Tuesday and Sainsbury’s second-quarter update a day later.
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NewsPaperchase profits hit by closure of Borders
Paperchase suffered a slide in profits last year as the closure of bookseller Borders hit the card and stationery retailer’s bottom line.
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NewsLiberty owner considers buying Jones Bootmaker
Marco Capello, owner and chairman of premium London department store Liberty, has signalled he is interested in adding footwear retailer Jones Bootmaker to build a retail portfolio.
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NewsJJB takes cautious approach as volatile trading continues
JJB Sports slashed losses in its first half but investors took fright at volatile trading conditions since.
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NewsHome Bargains warns of tough times ahead
Value retailer Home Bargains has reported another record year but warned that the value sector is heading for tough times as margins are squeezed in the face of rising costs, and competition hots up.
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NewsGame eyes opportunities despite £18.8m loss
Game recorded a worse than expected first-half loss but new chief executive Ian Shepherd said there were “clear opportunities” when the market bounces back.