All City & finance articles – Page 74
-
NewsAngling Direct websites closed amid cyber security ‘incident’
Specialist retailer Angling Direct’s websites have been hit by a “cyber security incident”.
-
NewsCard Factory posts improved trading as shoppers return to stores
Card Factory has reported an improving sales trend as consumers return to shops following he Covid pandemic.
-
NewsJD Sports defends boss over covertly filmed car park meeting
JD Sports has defended executive chair Peter Cowgill after a car park meeting between him and Footasylum boss was secretly filmed and questions were raised about whether it breached competition rules.
-
NewsTHG’s Moulding reveals he regrets London IPO and prompts buy-back speculation
THG founder Matt Moulding has described the retailer’s London IPO as a “mistake” and sparked talk that he may take the business private.
-
NewsSuperdry predicts strong Christmas ahead of opening new London flagship
Superdry has reported an “encouraging start” to the golden quarter despite a dip in sales overall.
-
NewsJD Sports lambasts CMA as regulator orders sale of Footasylum
JD Sports has hit out at the competition watchdog after a final ruling ordered the retailer to sell the Footasylum business it acquired back in 2019.
-
NewsZalando upgrades outlook as sales climb and brand collaborations boom
Zalando has recorded rising sales in the first quarter in which all markets in which it operates were fully reopened.
-
NewsNext braces for supply chain woes to dampen Christmas trading
Next has reported a stronger than expected uplift in sales in its third quarter, but expects falling demand and availability issues to impact sales for the remainder of its financial year.
-
NewsPets at Home boss Peter Pritchard to step down next year
Pets at Home chief executive Peter Pritchard will stand down from his role next May, with a search for his successor underway.
-
Opinion‘Amazon’s Christmas costs warning is bad news – not good – for rivals’
Amazon’s update last week showed that it is not immune to the disruptive forces battering retail at present – but any smugness about the online Goliath’s challenges is missing the point.
-
NewsBezos pledges $2bn to fight climate change in COP26 speech
Amazon founder Jeff Bezos has pledged to donate $2bn for land restoration in Africa as part of his Bezos Earth Fund.
-
NewsTHG shares plummet to record low as BlackRock sells half its stake
THG’s largest institutional investor BlackRock has sold almost half of its shares as the online retailer faces ongoing concerns around its corporate governance and business model.
-
NewsFrench Connection takeover approved by shareholders
French Connection shareholders have backed a £29m takeover deal to save the struggling fashion brand.
-
AnalysisRetail Horizon: Your exclusive strategic toolkit for the year ahead
Retail Week has relaunched its subscriber-exclusive strategic toolkit, Retail Horizon, mapping out the winning strategies for businesses in 2022 and beyond. Retail Week research director Lisa Byfield-Green explores the key macroeconomic trends that will shape the sector in the coming year
-
AnalysisRetail Horizon: Frictionless sustainability, lean machines and digital-first – the trends that will shape retail in 2022
Retail Week has relaunched its subscriber-exclusive strategic toolkit, Retail Horizon, mapping out the winning strategies for businesses in 2022 and beyond. Retail Week research director Lisa Byfield-Green explores the key macroeconomic trends that will shape the sector in the coming year
-
NewsJohn Lewis Partnership inks £420m financing deal tied to sustainability targets
John Lewis Partnership has agreed to a new, five-year revolving credit facility in which the interest rate is linked to environmental ambitions.
-
NewsAmazon warns of soaring supply chain costs as profits halve
Amazon has posted a plunge in quarterly earnings and expects to bear vast costs as it confronts supply chain and labour shortage challenges.
-
NewsVirgin Wines posts first profit as public company as customer numbers soar
Following its IPO, Virgin Wines has recorded sales and profits growth, as more customers turned to shopping online.
-
Opinion‘Morrisons: New dawn and new owners must bring renewed strategic focus’
The sun has set on a long and fruitful chapter in the history of one of Britain’s biggest retailers. Morrisons’ shares have been delisted from the London Stock Exchange, 54 years after it became a plc.
-
NewsTHG sales leap as boss Moulding looks to rebuild investor confidence
The Hut Group (THG) has reported increasing revenues across its different categories and Ingenuity platform as boss Matt Moulding looks to win back fleeing investors.