All City & finance articles – Page 78
-
NewsLVMH enjoys sales boom in ‘excellent start’ to the year
Luxury goods conglomerate LVMH has posted an “excellent start” to its financial year as sales boom in its first quarter despite trading in a “geopolitical and economic environment which remains uncertain”.
-
NewsHolland & Barrett weighs up last-minute Planet Organic bid
Holland & Barrett, which is owned by Russian-linked investment group LetterOne, may be in talks to acquire struggling grocery chain Planet Organic and other assets, Sky News has reported.
-
NewsTesco expects flat profits amid soaring inflation pressures
Tesco has posted a fall in profit for the full financial year and forecasts flat profits in FY 23/24 as a result of “unprecedented levels of inflation”.
-
NewsSosandar achieves profit for first time as partnerships drive sales growth
Sosandar has achieved its first-ever year of profitability, crediting its “robust trading performance” to the success of its third-party partnerships with John Lewis, Marks & Spencer, Next and Sainsbury’s.
-
NewsMarks Electrical hails strong business model as revenues soar
Pureplay retailer Marks Electrical has reported record revenue growth in its latest financial year, which it attributed to a strong business model that enhanced margin.
-
NewsTopps Tiles hails omnichannel model after delivering record sales
Topps Tiles has said it is now the UK’s “clear market leader” in its category after delivering a record period in the first half of its financial year.
-
NewsCo-op sales inch up but inflation dampens profitability
The Co-op has reported a small increase in its full-year revenue, but warned that ongoing inflation and volatility will dampen profitability in the immediate term.
-
Opinion‘As Shein ponders IPO, is the “next Shein” already coming up the inside track?’
A Shein IPO would be testament to a retailer built at warp speed to gargantuan scale, but in current conditions investors may question how strong its prospects are as established digital giants retrench and new competitors emerge.
-
NewsThe Original Factory Shop owner on the hunt for new buyers
The owner of The Original Factory Shop has kicked off a sale process after more than 15 years as the discount retailer’s owner.
-
NewsNatura to focus on The Body Shop as it sells Aesop
Cosmetics giant Natura &Co is to focus on building The Body Shop after selling luxury brand Aesop.
-
NewsJohn Lewis new CEO tells staff they must change business model ‘at pace’
New John Lewis Partnership chief executive Nish Kankiwala has told staff that the business model will have to be reformed “at pace”.
-
NewsAsda profits plummet as inflation costs and investing in prices hit bottom line
Supermarket giant Asda has reported plummeting profits as spiralling costs and investing in keeping prices lower for customers hammered its bottom line.
-
NewsBoots sales increase 16% as it wins market share in beauty
Boots posted a 16% year-on-year increase in sales in the three months to February 2023, driven by a “record-breaking” beauty performance.
-
NewsUpdated: Next bolsters brand portfolio with swoop on Cath Kidston
Fashion giant Next has added to its stable of brands with the acquisition of Cath Kidston for £8.5m.
-
NewsJohn Lewis boss White speaks out on stake sale speculation
John Lewis Partnership chair Dame Sharon White has said she will always act “in the best interest of the partnership”.
-
NewsWickes posts profit fall despite achieving ‘record sales’
Wickes has posted a drop in profits for the full financial year despite achieving “record sales”, which it attributes to its “market-leading value proposition”.
-
NewsSuperdry sells Asia-Pacific IP for $50m in growth push
Superdry has sold its Asia-Pacific intellectual property assets with the hopes of expanding its global reach while generating much-needed cash.
-
NewsNike on the front foot with strong sales across international markets
Nike recorded a rise in sales during its third-quarter trading period across the US and international markets supported by its “brand distinction and strong execution”.
-
Opinion‘A stake sale would risk turning John Lewis into AN Other retailer’
Annual losses of £234m, no staff bonus, the spectre of more job losses looming – no wonder the John Lewis Partnership is considering whether its traditional way of doing things needs to change.
-
NewsDeliveroo on ‘path to profitability’ as losses narrow
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.