All City & finance articles – Page 530
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Trading 'volatile' at French Connection
Sales at fashion group French Connection’s core UK retail business have softened after a strong start to the second half.
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MFI files for administration
Updated: Staff at troubled kitchen retailer MFI were called to a meeting this morning where they were told the company has applied to go into administration. A notification of intention to file for administration was filed with the High Court last night and the company is expected to go ...
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NewsMK One bought by Internacionale
Value fashion retailer MK One has been bought out of administration by Glasgow-based fashion chain Internacionale.
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Clinton Cards sales tumble
Like-for-like sales at card retail group Clinton Cards fell by 6 per cent for the 16 weeks to November 16.
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Pre-Budget report: Retail opinion divided on VAT change
Some retailers have welcomed attempts by Chancellor Alistair Darling to kick-start the economy in yesterday’s pre-Budget report, but others have expressed anger that changes do not go far enough.
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Topps Tiles profits down 27 per cent
Pre-tax profits at Topps Tiles slipped 27 per cent to 27.7 million in the year to September 27.
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Chancellor confirms 2.5% VAT cut
Updated: Chancellor Alistair Darling has confirmed he will slash the rate of VAT and has called on retailers to pass on the cut.
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JJB confirms bid for Fitness Clubs division
JJB has confirmed that it has received an approach for its Fitness Clubs business.
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Supermarkets up ad spend
Supermarkets have upped their ad spend while most other major retailers have slashed theirs in response to the economic crisis.
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Alexon sales tumble
Alexon has revealed that sales slumped below expectations in the 17 weeks to November.
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Woolworths in danger of administration this week
Woolworths could fall into administration in a matter of days unless it completes a deal to sell its retail business to restructuring specialist Hilco, according to sources close to the company.
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John Lewis sales continue to fall
John Lewis has unveiled another set of lacklustre sales figures for the week ending Saturday, November 22.
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VAT cut expected in pre-Budget report
Chancellor Alistair Darling is expected to cut VAT to 15 per cent in today's pre-Budget report as part of a raft of measures designed to stimulate the economy.
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Bargain hunters flock to stores
Promotional spectaculars run by leading retailers this week brought bargain-hungry shoppers flocking to stores.
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Sir Tom Hunter will not bid for Flying Brands
Retail billionaire Sir Tom Hunter has dropped his bid to buy multichannel retailer Flying Brands.
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John Lewis confident of Christmas despite sales fall
Sales at John Lewis department stores fell 14 per cent last week, the retailer has confirmed. However, John Lewis head of selling development Barry Matheson insisted the chain is in good shape for Christmas.
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Next's Wolfson: 'tax cuts should not be unfunded'
Next chief executive Simon Wolfson has said that any tax cuts in next week’s pre-Budget report should be long term and sustainable.
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More top retailers join campaign against rate rises
More leading retailers have joined Retail Week’s fight for the Government to change the rules on business rates to protect the sector from massive hikes in bills.
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100,000 retail jobs cut this year
As tough trading continues, full scale of hidden job losses revealed – and the worst is still to come.
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Wesfarmers debt stokes fears for Coles revival
Australian group Wesfarmers has tried to appease shareholder concerns about the turnaround of grocer Coles just a year after its acquisition.