All City & finance articles – Page 531
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NewsJJB Sports first-half losses skyrocket as suppliers hold back stock
JJB Sports has continued to struggle with a poor stock position as it battles on in its survival fight.
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OpinionA battle has been won at Marks & Spencer
M&S can afford to be satisfied, though not complacent. It still has a long road to travel to regain past levels of success.
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News
Hudson’s Bay Co considers IPO
Department store operator Hudson’s Bay Co is considering a public stock offering in the first half of 2011.President and chief executive Richard Baker said that although “nothing’s final”, the company was in talks over a listing on the Toronto Stock Exchange. “The offering could include all or part of Hudson’s ...
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News
Cautious optimism for Jacques Vert
Womenswear retailer Jacques Vert revealed a 0.8% fall in like-for-likes for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
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NewsSchuh overhauls website as profits defy market woe
Fashion footwear retailer Schuh is to relaunch its website next month after outperforming the market with a 21% leap in EBITDA for the year to March.
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NewsIndigo scores for Marks & Spencer as sales hold firm
Marks & Spencer has hailed the launch of its Indigo casualwear range a success after selling 350,000 items since its debut at the start of September.
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OpinionSecond time lucky for New Look flotation?
New Look is heading the pack of private equity backed retailers considering a return to the market next year.
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NewsWickes sales boosted by showroom ranges
DIY retailer Wickes’ like for likes rose 0.7% in the 39 weeks to September 26.
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NewsAlexon slumps into loss
Womenswear group Alexon Group has reported a pre-tax loss and said recent trading had been “challenging”.
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NewsAsos posts 47% sales increase
Asos has reported a 47% first-half increase in sales, with profits “marginally ahead” of last year.
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NewsMarks & Spencer second quarter beats expectations
Marks & Spencer delivered a better than expected second quarter performance, as UK like-for-like sales declined by just 0.5%, continuing the improving trend seen over the last three quarters.
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NewsBlacks Leisure to close 89 stores
Blacks Leisure is to shut 89 of its loss-making stores and cut jobs at its head office as part of a restructuring.
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NewsJessops completes debt for equity swap to ensure survival
The UK’s largest camera specialist Jessops has unveiled a survival deal which secures 2,000 jobs but leaves its bank owning almost half of the retailer.
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NewsMoss Bros reports £3m loss
Moss Bros has reported first-half pre-tax losses of £3m compared with a £2.2m loss for the same period last year.
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NewsJacques Vert confident profits will beat expectations
Womenswear retailer Jacques Vert has revealed a 0.8% fall in like-for-like sales for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
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NewsBlacks considers CVA
Blacks Leisure is planning a company voluntary arrangement in order to secure its future.
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NewsNew Look mulls float
New Look, the fashion chain owned by two private-equity companies Apax and Permira, is reportedly considering a £1.7bn stock-market flotation.
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NewsOriginal Factory Shop commits to 400-store expansion as sales rise
Value retailer Original Factory Shop has recorded a 27.1% rise in pre-tax profits to £9.7m in the year to March 29 as it lays out plans for 400 stores within five years.
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NewsHome Bargains to double stores as it speeds to £1bn sales target
Value retailer Home Bargains plans to smash its £1bn revenue target two years earlier than expected, after reporting record sales and earnings in its full-year accounts.
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OpinionA new age of reason
Visits in the past two weeks to the US and Australia have unearthed encouraging signs to counter the fears of a recessionary pandemic that abounded 12 months ago.