All City & finance articles – Page 485
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NewsOverseas growth beckons as Burberry pre-tax profits soar
Pre-tax profits at luxury retailer Burberry rocketed nearly 50% to £129m in the first half when it introduced a new pricing strategy and fine-tuned its stock replenishment system.
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OpinionCore values are key to business success
It would be heartening to regard the recession as only a harsh phase in the macroeconomic cycle, and one from which we will duly emerge.
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NewsSchuh secures cash for buyout and expansion
Footwear retailer Schuh has secured a refinancing package from Lloyds Banking Group to buy out shares from two retiring shareholders and fund expansion plans.
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NewsJD Sports on the rise but cautious for Christmas
Fashion group JD Sports reported that like-for-likes have risen since the end of August but expressed caution about Christmas trading.
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AnalysisWeathering the fashion costs storm
With cost increases across materials, shipping and labour, are rising prices the only way for retailers to protect profit?
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NewsMajestic grabs share for first time in decade
Majestic Wine has grown market share for the first time in 10 years after reducing its minimum order requirement and one of its key competitors exiting the market.
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OpinionSignet is a diamond in the rough
Since it listed on the New York Stock Exchange in 2008, Signet - which after its crisis as Ratners in the early 1990s has traditionally kept a low profile - has been a little overlooked in the UK.
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NewsJJB issues profit warning as sales fall short
Sports group JJB has issued a profit warning after like-for-like sales failed to meet expectations.
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NewsMixed updates but retailers outperform
A mixed bag of updates resulted in general retailers outperforming the All Share index, although they were still down week on week, while food groups managed to stay in positive territory.
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News
Retail sales edge up in October, says ONS
Retail sales edged up modestly in October, according to the Office of National Statistics.
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NewsFocus in talks with retailers about store disposals
The private-equity owner of Focus is understood to be sounding out other retailers about selling off some of the DIY chain’s stores to fund investment in new store formats.
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NewsLloyds Development Capital joins pack chasing Blacks
Lloyds Development Capital has held talks with Blacks Leisure over a potential acquisition, according to reports.
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NewsBlue Inc plots expansion ahead of possible flotation
Menswear retailer Blue Inc has laid down plans to open 20 stores next year ahead of a possible flotation or share placing.
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NewsJD Sports sales edge up
JD Sports Fashion said sales have marginally increased and profit margins have been maintained since its last update in September.
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NewsHalfords recruits Marks & Spencer man as finance director
Bikes and car accessories specialist Halfords has named Andrew Findlay its new group finance director.
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NewsMorrisons like-for-likes grow 1.3%
Morrisons expects shoppers to treat themselves at Christmas and then for the focus to return to value in 2011.
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NewsBrightHouse eyes best Christmas since 2007
Rent-to-own electricals and furniture retailer BrightHouse is looking forward to its best Christmas for three years after revealing another strong trading performance in its first half.
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NewsFat Face starts rolling out ranges after overhaul of its product offer
Lifestyle retailer Fat Face has overhauled its product offering as part of new chief executive Anthony Thompson’s turnaround strategy.
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OpinionAsos could well defy doubters
Online star Asos not only has fashion to die for, its numbers look pretty stylish too.
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NewsFeelunique.com guns for growth in bid to dominate online beauty
Etailer Feelunique.com is gunning to become the “household name for beauty products” as it lays out its growth strategy for the next five years.