All City & finance articles – Page 475
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NewsScotmid breaks £10m barrier in full-year results
Scotmid, the largest independent Scottish co-operative, has reported operating profit up 18% to £10.2m in its full-year results, marking the first time it has broken through the £10m barrier.
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OpinionDecade essays: 10 years of progress
The first decade of the 21st century was one of enormous change for UK retail. Bricks-and-mortar retailers have had to work harder than ever to get customers through their doors and spending,while online retailing has grown from almost a standing start.
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NewsHobbyCraft sold to Bridgepoint Capital
HobbyCraft has been sold in a management buyout backed by private equity firm Bridgepoint Capital, as predicted by Retail Week last week.
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NewsCarpetright sales below expectations as it warns of tough year ahead
Carpetright like-for-likes in the UK & Ireland rose 1.5% in the 12 weeks to April 24, which was below internal expectations.
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NewsN Brown to enter the US after a record year
N Brown has confirmed plans to enter the US later this year as total sales for the home shopping group grew 4.2% to £690m in the year to February 27.
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NewsRepublic up for sale
Young fashion chain Republic has been put up for sale by its private equity owner Change Capital.
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NewsBill Grimsey to become Focus chair
Focus chief executive Bill Grimsey is to become chairman at the DIY chain with managing director Rob Gladwin taking over as chief executive.
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NewsLloydspharmacy MD to leave retail for healthcare job
Lloydspharmacy boss Richard Smith is to leave in June to become chief executive of healthcare company Integrated Dental Holdings.
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NewsWhite Stuff fortifies team for growth
Lifestyle retailer and brand White Stuff has secured a new working capital facility and made a raft of high-level appointments to prepare it for UK and international growth.
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NewsEaster slump prompts Thorntons profit warning
Thorntons has issued a profits warning after the crucial Easter trading period failed to live up to hopes.
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NewsPrimark first-half surge opens door for opportunity in Europe
Impressive first-half trading figures from Primark will pave the way for further European expansion, City analysts believe.
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NewsCity sticks with Tesco but share price falters
Record results from Tesco failed to help either the grocer’s or its peers’ shares, which all fell over the week.
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NewsGieves & Hawkes hires luxury man as chief executive
Savile Row menswear retailer Gieves & Hawkes has appointed John Durnin, a former chief of luxury giant Richemont, as chief executive.
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OpinionRetail surgery: We have refused to sacrifice margins to chase unprofitable sales. What is the best way to report our figures to show this?
We have refused to sacrifice margins to chase unprofitable sales. What is the best way to report our figures to show this?
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OpinionBalance is key for Thorntons
Thorntons may not be the biggest retailer, but some of the trading trends it reported on Tuesday will be front of mind for retailers more widely.
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NewsTesco ‘back in the lead’
Leahy laughs off Asda’s non-food ambitions as Tesco posts strong year’s sales and record profits
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NewsAsos overseas growth woos investors
The international opportunity for online fashion retailer Asos continued to be a winning growth story for investors as overseas sales soared 101% in the year to March 31.
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NewsOcado poised to appoint banks for IPO
Ocado is understood to be poised to appoint JPMorgan Cazenove, UBS and Goldman Sachs to advise on a possible £1bn flotation this summer.
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NewsAll Saints secures extra funding on strong results
Fashion retailer All Saints almost doubled EBITDA to £23.6m last year, helping it secure further investment from Lloyds TSB Corporate Markets to ramp up overseas expansion.
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NewsSports Direct confident after strong year
Sports Direct said it was on track to achieve full year underlying EBITDA of at least £160m as sales in the 9 weeks to March 28 grew 2.9% to £214m.