All City & finance articles – Page 531
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News
US retailers batten down hatches as trade worsens
US retailers are bracing themselves for further deterioration in trading conditions in the run-up to Christmas after retail sales in October fell below expectations and a raft of retailers slashed forecasts last week.
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Opinion
Best Buy can’t walk on water
John Browett and Hugh Harvey could have been forgiven a little Schadenfreude last week.
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News
Asos to expand overseas and up ranges as business booms
E-tailer Asos is targeting international expansion and new product areas as it continues to grow.
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News
Burberry venture to tap Middle Eastern promise
Luxury retailer Burberry is putting its faith in emerging markets as trade generally continues to be “volatile”.
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News
Ted Baker: The City view
Quirky fashion retailer Ted Baker managed retail sales growth of 13.3 per cent in the 13 weeks to November 8, when group sales edged up 1.8 per cent.
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News
Early Sales and consumer belt tightening hit retail share prices
General retailers’ shares plummeted as the market took fright at another step down in consumer spending, tight credit conditions and signs of early Christmas promotions.
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News
Inflation cut ‘won’t spur spending’
A dramatic decline in inflation is unlikely to stop consumer spending from falling for the next three years, research consultancy Capital Economics has warned.
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News
Up to 250 jobs at risk at Halfords
Motor accessories retailer Halfords is to make up to 250 job cuts at head office and in stores as it seeks cost savings.
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News
Original Factory hits six-month sales high
Value retailer Original Factory Shop continued to defy the downturn, revealing its strongest six months to date.
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News
Woolworths trouble could knock rivals, City fears
The performance of Game, HMV and WHSmith are at risk as a result of the problems of Woolworths, which has held talks about a sale to restructuring specialist Hilco.
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News
Frenzy of festive discount vouchers fuel fear of bloodbath on high street
An unprecedented raft of “secret Sales” and promotional vouchers is likely to spark a high street bloodbath ahead of what retail chiefs are warning will be the toughest Christ-mas ever.
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News
Andy Bond: Christmas will be OK but new year won’t
Asda chief executive Andy Bond has warned that while shoppers will spend slightly less this Christmas, the first quarter of next year will be “when things get really tough” for retailers.
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Opinion
It’s bad but it will get worse
The bold 1.5 percentage point interest rate cut was supposed to help restore consumer confidence.
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News
Sir Stuart Rose: 'step-down' in trading in last fortnight
There has been another marked fall in consumer spending in recent weeks, Marks & Spencer executive chairman Sir Stuart Rose has said.
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News
Woolworths in talks to sell retail arm to Hilco for £1
Woolworths is understood to be in talks to sell its high street business to specialist distressed fund Hilco for 1.
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News
West End at risk of losing top Euro ranking
London’s West End is at risk of losing its title as Europe’s number one shopping destination as pressures from Westfield London and other developments begin to take their toll.
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News
Inflation plunges at record rate
Inflation has fallen at the steepest rate in more than a decade, driven down by cheaper fuel and food.
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News
John Lewis sales fall again
Department store business John Lewis suffered a 14 per cent sales fall last week, it is understood.
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News
Carphone Warehouse confirms potential business split
Carphone Warehouse chief executive Charles Dunstone has confirmed that he is looking at splitting the retail and broadband arms of the business as the company reported EBITDA growth of 51 per cent to 112 million in the 26 weeks to September 27.
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News
Comet hit as suppliers' insurance cover cut
Some suppliers to electricals retailer Comet have had credit insurance reduced, it is understood.