All City & finance articles – Page 459
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NewsBrantano turns corner and eyes store growth
Footwear retailer Brantano plans to open 50 UK stores in the next five years as it expects to make a pre-tax profit for the first time since 2005.
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NewsSuperGroup Q1 sales rocket 60%
Fashion specialist SuperGroup, owner of the ultra-trendy Superdry brand, posted a 60% rise in sales for the three months to August 1.
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NewsKingfisher reports profits surge but warns on ‘fragile’ outlook
Kingfisher group adjusted pretax profit surged 22.9% to £354m in the 26 weeks to July 31, but warned that the “outlook for consumer spending is fragile”.
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NewsDunelm profits up, Halfords FD Nick Wharton to become new CEO
Dunelm has reported a pre-tax profit surge of 46% to £76.8m in its full year, and revealed that chief executive Will Adderley will assume the new role of executive deputy chairman with Halfords group finance director Nick Wharton taking over as chief executive.
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NewsFindel appoints Roger Siddle as chief executive
Home shopping group Findel has appointed Roger Siddle as its chief executive with immediate effect.
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NewsSnow+Rock sold to management
Outdoors specialist Snow +Rock has been bought by its management, backed by private equity firm LGV capital, for an undisclosed sum.
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NewsSupergroup sales continue to soar
Supergroup’s sales continued to rocket in the three months to 1 August, with total sales up just under 60% on the same period last year.
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NewsProfits to climb at Debenhams
Department store group Debenhams expects profits to rise strongly this year after a product mix shift lifted margins.
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NewsPrimark sales up after strong performance in Europe
Value fashion giant Primark has continued to perform well over 2010 driven by a “very stong” performance in continental Europe.
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NewsLaura Ashley first half profits surge
Furniture and fashion retailer Laura Ashley experienced a surge in pretax profits excluding exceptionals from £100,000 to £5.7m in the 26 weeks to July 31.
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NewsStrong profits predicted for Next
Broker UBS retained its buy stance on Next ahead of interim results expected next week.
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NewsEncouraging signs for general retailers
General retailers were up again over the week, outpacing their food peers and just about keeping pace with the All-Share Index. They are still down over the year, though.
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NewsSports Direct impresses as profits and sales soar
Sports Direct delivered strong profits in its first quarter helped by a good performance during the World Cup, despite the very disappointing showing from the England team.
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OpinionComet follows a new path
Kesa has been proving more popular of late, thanks in part to stakebuilding by activist investor Knight Vinke and Comet’s project to differentiate and broaden its appeal
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NewsShareholders approve Dixons name change
DSG International will revert to being called Dixons Retail after shareholders approved the plans at the electricals group’s AGM today.
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NewsStrong first quarter for Sports Direct
Sports Direct had a strong first quarter despite a poor performance from the England team in the football World Cup with sales up 8.8% to £408m in the 13 weeks to July 25.
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AnalysisNavigating the retail minefield
Halfords isn’t the first retailer to struggle to come to terms with a new warehouse, but supply chain is just one area where retailers come unstuck. Here, we highlight the most common problem areas
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NewsSound results predicted at Debenhams
Debenhams is expected to deliver a robust performance when it updates the City with its pre-close interim management statement on September 14.
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NewsPromotions at a high as Co-op profits rise
About 40% of products on Co-operative Group’s food stores are on promotion at present - the highest level in recent times.
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NewsSector fears cause general retailers to be downgraded
Broker Singer has downgraded forecasts for 17 general retailers by up to 10% because of fears about sector prospects.