All City & finance articles – Page 65
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NewsBoohoo makes moves in second-hand market with plans to roll out resale platform
Boohoo founder Carol Kane has told Retail Week the fashion group plans to roll out a resale platform for each of its brands.
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NewsJoules chief executive to exit as profits decline
Joules boss Nick Jones has made the decision to exit the business as it continues to suffer losses.
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NewsCD&R to sell 87 petrol stations to clear way for Morrisons takeover
Private equity giant Clayton, Dubilier & Rice (CD&R) is to sell almost 90 petrol station forecourts, paving the way for it to complete its £7bn takeover of Morrisons.
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NewsJD Sports, Frasers, Asos and Shein mull Missguided bids
Several retailers are considering takeover bids for Missguided after the etailer admitted it was exploring “strategic options” for its future.
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NewsCard Factory swings to profit as sales mount ‘steady recovery’
Card Factory has bounced back into the black after mounting a “steady recovery” in sales following the coronavirus pandemic.
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NewsIssa brothers’ EG Group in £12bn merger talks with Couche-Tard
EG Group, the petrol forecourt giant operated by Asda owners the Issa brothers, is reportedly in talks to merge with Canadian c-store titan Couche-Tard.
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NewsAO focuses on cash generation as sales fall
Electrical goods etailer AO.com has posted a fall in sales and said it would focus on cash generation in turbulent market conditions.
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NewsAmazon slips into loss as productivity becomes focus
Online giant Amazon has reported a quarterly loss - its first since 2015 - as torrid trading conditions took a toll.
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Retail VoiceHow R&D tax relief can help retailers respond to uncertainty
Retailers must innovate to meet the challenges of an uncertain and rapidly changing world. Research and development (R&D) tax relief can help them make the leap, says ForrestBrown’s David North.
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NewsWHSmith boss Cowling: ‘We’re confident that travel is back for good’
WHSmith chief executive Carl Cowling has told Retail Week he is sure the leisure travel industry will boom through the summer and beyond – giving his travel stores a boost.
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NewsTed Baker fields bid interest from ‘a number’ of potential buyers
Ted Baker has received “a number” of proposals from potential bidders as the battle to take the fashion chain private intensifies.
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NewsWHSmith bounces back into black as travel retail rebounds
WHSmith has swung back into profit and insisted that its recovery from the coronavirus pandemic is “well underway”.
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Retail VoiceWhy embedded finance offers a brighter future for retailers
Any consumer-facing business has a key objective – to get closer to their customers and stay engaged. Railsbank’s Louisa Murray explains how businesses know exactly what they want when it comes to seeking out the final frontier between themselves and a paying customer.
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NewsPrimark U-turns on price promise as energy and labour costs soar
Primark has rolled back on its pledge that its prices would not change as the retailer grapples with rising inflationary pressures.
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NewsAsda increases pay for shop staff as cost-of-living crisis bites
Supermarket chain Asda has joined its rivals in increasing the pay of its frontline shop staff as the cost-of-living crunch continues to ramp up.
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NewsPrimark operating profits soar after store estate fully reopens
Primark has posted a surge in sales and operating profits driven by the reopening of its store estate following Covid-enforced closures.
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NewsMcColl’s seeks refinancing after latest profit warning
McColl’s has issued a profit warning after a “softer” Easter trading period.
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NewsMorrisons, Asda and Amazon price strategies polarise as retailers tackle inflationary pressures
Morrisons and Asda have reduced prices while Amazon has warned of price rises as the retail sector grapples with soaring inflation.
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NewsNestlé warns of further price hikes as inflation soars
FMCG conglomerate Nestlé has said that more price rises will hit this year as it tackles inflationary pressures.
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Opinion‘Landsec’s new leasing strategy shows landlords are beginning to accept reality’
Landsec’s sensible new leasing options for its retail occupiers offer flexibility and a range of opportunities for partners. Is this an indication that landlords have finally accepted the reality of retail property’s situation?