All City & finance articles – Page 502
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NewsPrimark UK arm drives sales
Primark owner Associated British Foods said sales and profits in the year to September 12 at the value fashion retailer will be “well ahead of last year”.
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NewsAlchemy boss Jon Moulton quits the private equity firm
Alchemy Partners boss Jon Moulton has quit the private equity firm after a bust-up over strategy.
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NewsProposals to tackle illegal downloaders divide retailers
Retailers are divided over Government proposals to switch off internet connections of illegal file sharers.
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NewsFlight to value brings Wilkinson record sales
Value retailer Wilkinson has recorded its highest ever annual sales of £1.45bn, as it capitalises on shoppers’ continued flight to value in the recession.
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AnalysisWill retail rise to round two of VAT war?
A VAT increase is looking like an inevitability. George MacDonald asks what promotional feats retailers will need to pull off to counter the blow to consumer confidence in the January Sales season
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NewsRejected Nisa-Today’s suitor to rally support
Distribution group Bibby Line was expected to make moves to overturn convenience store buying group Nisa Today’s decision to reject its takeover bid last week, as Retail Week went to press.
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NewsNew Look valuation prompts hopes for a market revival
Valuations of prominent private equity-backed retailers are rising on the back of earnings momentum and investor appetite for quoted retailers.
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OpinionA good write-up
There’s been plenty of writing down of retail assets over the past year or two, but precious little writing up.
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NewsMamas & Papas sales lift bucks downturn
Nursery and maternity specialist Mamas & Papas has defied the gloom to post a 28% uplift in total sales in its growing maternity range since the start of its financial year on February 1.
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NewsDSGi’s John Browett signals lift in consumer mood
DSGi chief executive John Browett has voiced optimism that the consumer economy is improving after shoppers proved willing to trade up in recent months.
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NewsAnalysts welcome Majestic Wine changes
Majestic Wine revealed on Monday that it was reducing its minimum order size to six bottles after a trial in selected stores over the past year.
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NewsClubcard will allay Tesco doubts, says broker
Broker ING has upgraded Tesco ahead of next month’s interim results, despite concern among some analysts that the grocer is suffering at the hands of resurgent rivals.
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NewsThe Entertainer profits slide but Woolworths closures aid recovery
The Entertainer suffered a fall in pre-tax profits from £674,643 to £38,722 in the year to January 31, but the toy chain said it is on course to post record profits in its current financial year as sales soar.
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NewsRatings agency marks Marks & Spencer a ‘low credit risk’
Ratings agency Fitch has affirmed its BBB rating and “negative” outlook on Marks & Spencer.
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NewsMarket wobbles but positive signs abound
The market was hit by a bout of nerves following the recent bull run and the FTSE 100 suffered its biggest loss of value in two months. General retailers performed slightly below the market but food groups, which have frequently been out of favour lately, remained almost flat.
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NewsGap international sales fall 12% in August
Like-for-like sales at Gap’s international division, which includes its UK stores, fall by 12% in August.
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NewsMore retailers expected to go bust in 2010
The number of retail businesses going bust is set to continue next year as rising unemployment is expected to continue to impact consumer spending.
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NewsHamleys losses soar but sales revival under way
Toy retailer Hamleys’ net losses leapt last year to £7.1m from £2.7m as interest rate charges and restructuring costs ate into the bottom line.
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NewsFocus’s CVA dashes rivals’ hopes of market share gains
The success of Focus DIY’s CVA has quashed competitors’ hopes that capacity would be taken out of the DIY market.
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NewsStrong July does not spell the end, City says
The strong retail sales rise reported by the ONS for July met with a downbeat reaction in the City as analysts cautioned that it is still too early to call an end to the downturn.