All City & finance articles – Page 577
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News
Netto sales rise as product and stores refreshed
Netto managing director Richard Lancaster has revealed the supermarket’s profits and like-for-like sales are substantially up this year, driven by enhancements made to its stores and product. Lancaster, who took the helm at Netto earlier this year, said: “Our improved sales performance has been driven by a combination of factors ...
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News
Borders UK deal nears as parent's sales soar
The sale of Borders UK is understood to be imminent, although the US retailer was silent on the issue as it posted second-quarter figures. Entrepreneur Luke Johnson’s private equity business, Risk Capital Partners, is thought to be the front-runner to buy the chain, which has also been eyed by WHSmith. ...
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News
Bank holiday heatwave keeps shoppers off the high streets
The sunny bank holiday weekend delivered a boost to some food and general merchandise retailers, but fashion chains suffered as footfall tumbled on the high street. Garden centre Wyevale found the sunny weather a welcome relief after the deluges earlier in the summer. Chief executive Barry Stevenson said: “We were ...
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Opinion
Morrisons under scrutiny
As Morrions chief executive Marc Bolland approaches his first anniversary, the supermarket's performance will come under closer scrutiny
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News
EC slammed for anti-dumping tax proposal
Trade body says duty extension on energy saving light bulbs from China would be 'against competitiveness'
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News
Sports Direct directors face shareholder rebellion
Shareholders urged to vote against bosses bonuses
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News
Whole Foods gets green light for Wild Oats deal
Approval comes after months of legal tussles with US antitrust authorities
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News
Home Depot sale slashed by $2 billion
Home Depot is forced to drop the price of its wholesale supply unit by $2 billion.