All City & finance articles – Page 535
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News
Share prices languish as talk of recession heightens City’s fears
Only two retailers managed a share price rise over the week as the market took fright at the looming recession.
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Opinion
Sainsbury’s will ride this storm
Feed your Family for a Fiver seems not just to be a Sainsbury’s promotional campaign but a whole new way of grocery shopping.
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News
DSGi rating reviewed as downturn takes toll
Ratings agency Moodys has put DSGi under review for a possible downgrade after the retailer suffered a first-half like-for-like tumble of 7 per cent.
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News
Carrefour and Ahold buck slump with robust Q3 sales
French giant Carrefour and Dutch grocer Ahold bucked the downturn to reveal resilient third quarter sales in the face of global economic turmoil.
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AnalysisTechnology spending: A time to make do and mend?
The credit crunch is forcing consumers to keep their wallets in their pockets, but does it mean that the purse strings are also tightening for IT departments? Joanna Perry finds out.
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Analysis
Recession beaters: Some retailers are prospering in spite of the downturn
Despite what the mass media might suggest, some retailers are prospering in spite of the downturn. Charlotte Hardie looks at some of those that are flying and asks what we can learn from them.
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Opinion
Adversity presents opportunities for retail
The popular translation for the Chinese word for crisis – weiji, “danger plus opportunity” – was quoted by PricewaterhouseCoopers global head of retail and consumer Carrie Yu at our Business School in Paris this month.
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News
John Lewis sales fall
John Lewis has reported a drop of 9.8 per cent in its weekly sales and said the third quarter of the year has ended on a “subdued note”.
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News
Instore losses deepen but current trade picks up
Instore, the owner of Poundstretcher, has increased its losses, revealing a 6.3 million net operating loss before exceptional items for the 26 weeks to August 30.
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News
Blacks Leisure losses widen in first half
Blacks Leisure has reported that its half-year losses have widened, but the group is making “good progress” with its turnaround plan.
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Opinion
Ethical retailing: in celebration of Left-field London
In a far-flung corner of west London, the 43 acre Mecca to mass consumerism that is Westfield London opened today, with thousands of eager shoppers expected to descend upon it. But earlier this week an event with a very different flavour took place closer to what has been the capital’s ...
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News
Alliance Boots revenues up 11.3 per cent
Alliance Boots executive chairman Stefano Pessina described the group’s trading performance as “relatively resilient” as the group revealed first-half revenues were up 11.3 per cent.
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News
Trading fears push Marks & Spencer shares near to eight-year low
Marks & Spencer’s shares fell close to an eight-year low yesterday after broker Pali International issued a bearish note ahead of next week’s interim results.
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News
Tesco cuts sales growth expectations
Tesco has cut its UK sales growth guidance for the first time in years, reflecting how tough the retail environment has become.
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News
Carpetright to acquire Sleepright
Carpetright is to buy Sleepright, the beds retailer which operates 94 concessions in its shops.
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News
DSGi’s credit rating to be reviewed by Moodys
Ratings agency Moodys has placed electricals retail giant DSGi under review for a possible downgrade following last week’s trading update.
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Opinion
Store design: frugality today, excess tomorrow
The decision by DIY retailer Focus to launch a value-based range last week is symptomatic of a wider trend in retailing at the moment: it’s good to be frugal.
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News
London prices cheaper than Milan and Paris
London is the most alluring place to shop for price-conscious shoppers within the Euro zone and the UK, according to research commissioned by Selfridges.
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News
Tesco extends non-food supplier payment terms
Tesco is understood to be asking all its non-food suppliers to wait an extra 30 days for payment as it seeks to free up cash for the critical Christmas trading period.
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News
Banks call in advisers for Woolworths talks
Key lenders to Woolworths are to be advised by corporate restructuring firm Deloitte as the company prepares its business plan for the new financial year, which is due to be delivered by December.