All City & finance articles – Page 491
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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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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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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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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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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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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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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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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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NewsUnited Carpets reports "challenging" first half
United Carpets said trading has been “challenging” in the 25 weeks to September 30 as like-for-likes dropped 5.5%.
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NewsJJB Sports funding concern prompts big broker downgrade
Broker Singer has slashed its price target for JJB Sports by more than a third to just 8p because of concerns about the retailer’s funding and punishing trading conditions.
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NewsMoss Bros to axe staff as pre-tax losses widen
Menswear retailer Moss Bros is axing jobs as its pre-tax losses widened to £3.3m over the six months to July 31.
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NewsTopps Tiles full year sales up
Topps Tiles said it expects to report UK revenues up 2% to £182.4m in the 53 weeks to October 2.
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NewsWalmart to buy South African retailer Massmart, Asda’s Andy Bond to oversee
Walmart intends to push into Africa with the $4.2bn acquisition of general merchandise group Massmart.
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NewsTesco chief Sir Terry Leahy attacks investor short-termism
Tesco chief executive Sir Terry Leahy has criticised short-term investor attitudes and such shareholders’ superficial understanding of companies in which they hold stakes.
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OpinionBrazil finally comes of age
The Goldman Sachs Conference in New York last week assembled a powerful line-up of more than 50 leading retailers.
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NewsBestseller rules out bid for fashion etailer Asos
Danish retailer and investor Bestseller has ruled out bidding for online fashion specialist Asos.
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OpinionQuestions of confidence
Consumer confidence has been one of retail’s big talking points all year - but what about retail confidence?
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NewsLakeland doubles profits as it cuts costs and drives product innovation
Homewares retailer Lakeland, darling of the middle classes, has more than doubled its full-year profits after cutting costs and focusing on product innovation.
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News
Fiscal cuts spell five-year spending ‘crisis’
The Government’s fiscal austerity programme will create a five-year “crisis” for UK retailers as consumers rein-in spending amid tax rises, wage stagnation and low levels of savings, according to a report that draws lessons from the recessionary experiences of overseas retailers in the 1990s.
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NewsInvestments eat into River Island’s profits
River Island grew its sales nearly 8% last year, but profits fell as the company invested in the business, and trading conditions so far this year have proved challenging.