All City & finance articles – Page 468
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NewsThorntons melts in the Easter heat
Thorntons’ poor third quarter resulted from the competitive environment and a structural shift from the high street as well as the warm Easter weather, City analysts said.
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NewsFootfall suffers as royal fever grips nation
Shopper numbers slumped on the weekend of William and Kate’s nuptials but food and garden retailers were boosted by wedding fever.
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AnalysisKevin Hawkins
Never far from the action, Kevin Hawkins has eschewed retirement on the golf course for the chance to head up a new Government retail taskforce. George MacDonald finds out why.
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NewsM&S deputy chairman Michels to stand down
Marks & Spencer deputy chairman Sir David Michels, who led the search for a successor to Sir Stuart Rose as chief executive, is to stand down in February 2012.
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NewsFirst quarter sales up at Morrisons
Morrisons like for like sales rose by 2.5% in its first quarter to 1 May, excluding fuel and VAT.
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NewsBlacks reduces full-year losses and confirms Julia Reynolds as new boss
Blacks Leisure has reported a reduction in its full-year pre-tax loss and exceptional items to £6.6m from £14.4m the previous year but still suffered a “disappointing” year and has confirmed Julia Reynolds as its new chief executive.
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NewsRoyal Wedding and warm weather boosts Next sales
Next sales rose 5.2% in its first quarter as warm weather over Easter as well as spending in the run up to the Royal Wedding boosted sales.
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AnalysisRetail in Scotland
Uncertainty over jobs and income plus the later time of Easter have had an impact on retail in Scotland, causing the worst drop in sales since 2000.
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OpinionTransformation takes time
Retailers should look on today’s tough market as an opportunity, says Sir Geoff Mulcahy.
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NewsThorntons warns on profits
Thorntons’ own store sales like-for-likes fell 12.6% in its third quarter and the chocolatier warned on profits.
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OpinionSunday trading laws are not sustainable
Politicians have long talked about reducing retail regulation, but the Government’s Red Tape Challenge is the first sign of action.
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NewsTesco shares down but brokers confident
Grocery and general merchandise giant Tesco edged down as the market digested the first set of results delivered by new boss Phil Clarke.
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AnalysisWhat's big in 2011?
What is the state of UK retail in early 2011? That’s what Retail Week sought to find out with Retail 2011, the authoritative analysis of UK retail today. In this extract from the report, we look at the key themes that emerge.
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NewsArgos pushes new products in a bid to combat tough trading
Multichannel general merchandise giant Argos is to move into new product categories as it chases growth in tough trading conditions, which led to a plunge in profits.
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Opinion
Argos down but not out
Is Argos the new Woolies, someone asked last week when parent Home Retail issued prelims showing plunging profits at the catalogue store business.
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NewsTesco’s candour impresses City
The City was impressed with Tesco chief executive Phil Clarke last week when he delivered his first full-year results, although sales slipped slightly by 1.28% on the day.
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News
Ideal snapped up as TV shopping catches on
Home shopping group Ideal Shopping Direct is to be sold to private equity firm Inflexion as interest in TV shopping channels increases.
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NewsTesco to rein in category growth with home focus
Tesco group chief executive Phil Clarke has signalled that the retailer’s non-food, non-fashion offer will focus on product for the home and garden rather than further experimentation with items such as gold and cars.
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NewsRoyal wedding celebrations cause mixed trade for retail
Wedding gives boost in sales in run-up to April 29 but drop in footfall is predicted on the big day.