All City & finance articles – Page 54
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AnalysisAnalysis: Why the Lotte tie-up could prove to be lucky number 12 for Ocado
Ocado rubber-stamped an agreement with South Korean giant Lotte Shopping on Tuesday. The move has been hailed by investors as a coup, given South Korea’s highly mature ecommerce market and high level of automation. Could this be 12th time lucky for Ocado?
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NewsMade.com to call in administrators after failing to secure buyer
Troubled home and furniture specialist Made.com is to call in administrators and share trading has been suspended.
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NewsAsda completes purchase of 132 Co-op petrol forecourts
Asda has formally completed a deal to acquire 132 petrol forecourt sites from the Co-op, subject to regulatory approval.
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NewsHarrods swings back to black despite decline in Chinese tourists
Harrods has swung back into the black as the retailer’s top line closes in on pre-pandemic levels.
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NewsAmazon shares tumble as it warns golden-quarter profit could be wiped out
Amazon has warned that its profits could be all but wiped out during the crucial golden quarter in a bleak prediction that stunned Wall Street.
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Opinion'Welcome to Web -1.0, where pureplays struggle and stores are stars'
Never mind the metaverse and Web 3.0 – as ecommerce players fall on tougher times, retailers must focus on creating genuinely multichannel models, writes Retail Week executive editor George MacDonald
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NewsWhite Stuff swings to the black after 'quietly rebranding' business
White Stuff has returned to profit following a branding overhaul last year.
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NewsRetailers to splurge record £446m on golden quarter advertising
Retailers are taking their marketing and advertising spending to record levels this golden quarter, as the deepening cost-of-living crisis forces customers to cut discretionary purchases.
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NewsVirgin Wines expects sales and margin impact from tough trading conditions
Online specialist Virgin WInes anticipates flat sales and lower margins in its current financial year as tough trading conditions take a toll.
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NewsMade.com suspends new orders as it teeters on brink after sale talks collapse
Made.com is teetering on the brink of administration after several potential suitors pulled out of rescue bids for the business.
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NewsVery profits rise as cost reductions offset falling sales
The Very Group has posted a rise in full-year profitability despite falling sales, as the etailer hailed the impact of “diligent cost management” in a “challenging market”.
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NewsTHG sales rise driven by growth in beauty and nutrition
THG revenues have risen year on year driven by strong performances in the beauty and nutrition categories, while its full-year profit guidance remains unchanged.
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InterviewInterview: How Crew Clothing’s boss is building 'Ralph Lauren of middle England'
“I want Crew Clothing to become the Ralph Lauren of middle England.” It is a bold and ambitious statement from Crew’s chief executive David Butler, who has led the business since 2017 and has grand designs to grow it into the “most successful mid-market player” in UK fashion.
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NewsMike Ashley's Frasers Group builds 5% stake in Asos
Mike Ashley’s Frasers Group has built up a shareholding of more than 5% in online fashion operator Asos.
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NewsMorrisons kicks off supermarket sale and leaseback plans
Morrisons has kick-started plans to sell off some of its supermarkets in a bid to raise cash during difficult economic conditions.
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NewsWickes warns of spiralling energy bill as sales rise
Wickes has warned its energy bill is set to soar by £7.5m next year as it flagged the impact of “uncertainties” surrounding operating cost inflation and consumer confidence.
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NewsDeliveroo reduces sales expectations amid ‘ongoing economic uncertainty’
Deliveroo has cautioned that full-year sales growth will come in at the lower end of expectations as it grapples with “ongoing economic uncertainty”.
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Opinion‘Asos – in a world of data, company spirit matters and culture still eats strategy for breakfast’
Asos’ new chief executive is wise to want ‘refresh’ its culture – it is the foundation stone of commercial success, writes George MacDonald
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NewsDunelm reports ‘robust’ trading despite sales fall
Homewares specialist Dunelm has posted a fall in quarterly sales but described trading as “robust” and maintained profit forecasts in the face of tough trading conditions.
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AnalysisResearch: Marketing spend on PPC, TikTok and TV will rise in 2023, 57 CEOs reveal
Digital channels will dominate marketing spend next year, while TikTok gains on its social rivals and TV advertising attracts investment, the UK’s leading CEOs reveal in Retail Week’s strategic outlook report Retail 2023