All City & finance articles – Page 80
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NewsExclusive: Notonthehighstreet exec leaves to join private equity firm
Ella d’Amato has left her role as the chief commercial and marketing officer at online marketplace Notonthehighstreet to join consumer-focused investment and innovation firm True.
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Opinion‘Is Asos an 18% worse business now than it was last week?’
“Is our business 18% worse now than it was last week?” That is the question Asos chiefs were asking themselves following a trading update that sparked a share price rout, wiping out almost a fifth of its value within minutes.
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NewsApollo may team up with Fortress for Morrisons deal
Private equity group Apollo will not make a bid for Morrisons on its own, but may swing behind Fortress’s recommended offer.
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NewsSosandar cuts losses as sales climb
Online womenswear retailer Sosandar has reported a strong start to its new financial year following reduced losses and a rise in sales.
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NewsThe Works emerges stronger after ‘intensely challenging year’
Arts and crafts specialist The Works has reported that it is well positioned for the future after navigating the challenges of the pandemic.
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NewsBurberry posts ‘strong’ first quarter sales uplift against pre-pandemic levels
Burberry has reported an “excellent start” to its new financial year as full-price sales growth accelerated against its pre-pandemic performance.
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NewsHammerson latest landlord to halt rent concessions
Hammerson has followed the lead of fellow institutional landlord British Land by putting a stop to offering rent concessions to struggling occupants.
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NewsAsos sales rise despite demand ‘volatility’
Asos has posted an increase in third-quarter sales but cautioned that “volatile demand” and supply chain pressures are likely to persist during the coronavirus crisis.
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NewsKingfisher raises profit guidance as sales surge across Europe
Kingfisher has upgraded its profit guidance after sales powered ahead of pre-Covid levels across its international markets.
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NewsDunelm boosts profit forecast in wake of homewares boom
Dunelm has raised its profit guidance after a stellar fourth quarter.
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NewsBoohoo partners with Alshaya to grow Debenhams in the Middle East
Boohoo has made a move into bricks-and-mortar stores after signing an exclusive deal with Middle Eastern operator Alshaya group.
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NewsWalmart-backed Flipkart raises $3.6bn to power growth
Indian online retail powerhouse Flipkart has completed a $3.6bn (£2.6bn) fundraising to ”accelerate the growth of the consumer internet ecosystem in India”.
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NewsHotel Chocolat profits to beat expectations as sales climb
Specialist retailer Hotel Chocolat’s full-year earnings will exceed expectations after annual sales rose strongly.
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NewsOnline marketplace OnBuy sets sights on growth as it raises £35m in funding
The UK-based online marketplace OnBuy has raised £35m in series A funding through a combination of venture capital and strategic technology investors.
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NewsMorrisons chief Potts to meet Kwarteng next week over takeover plans
Morrisons chief executive David Potts is expected to meet business secretary Kwasi Kwarteng next week to brief him on the potential takeover of the grocer by private investment group Fortress.
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NewsWatches of Switzerland unveils five-year plan as ‘strong momentum’ continues
Watches of Switzerland has created a new strategic plan to keep momentum going as its profits and sales soared during the pandemic.
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NewsWHSmith to open string of airport tech stores as travel recovery begins
WHSmith has announced that it will open 18 new airport stores under its InMotion fascia.
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Opinion‘New retail is thriving, but many physical stores face a long haul back’
In the midst of the current uncertainty, it is inevitable that people dwell on the negatives caused by the pandemic and Brexit, but are blind to the fact that some parts of retail are thriving. It’s just not happening everywhere and to everyone.
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AnalysisAnalysis: Would Majestic owners Fortress be a good fit for Morrisons?
Since Fortress’s £6.3bn offer for Morrisons was recommended to shareholders on Saturday, the private investment giant has become the favourite to take over the grocer. Retail Week looks at what kind of owner Fortress would likely be.
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NewsSainsbury’s raises profit forecast as performance ‘better than expected’
Sainsbury’s has upgraded its profit outlook as it makes “good progress against the plan to put food back at its heart”.