All City & finance articles – Page 91
-
NewsStudio reports ‘outstanding’ Christmas as customers turn to value
Studio Retail has recorded an “outstanding” golden quarter after customer numbers soared.
-
NewsJD Sports raises profit guidance as sales soar
Enforced store closures did little to dampen sales at JD Sports with the retailer raising its profit expectations for the full year.
-
NewsPets at Home ups profit guidance as Christmas sales soar
Pets at Home has raised its full-year profit guidance after hailing further “momentum” during the golden quarter.
-
NewsMarks & Spencer golden quarter sales slide as Covid restrictions bite
Marks & Spencer has suffered a slump in sales during the golden quarter as trading restrictions sparked by the coronavirus crisis hindered its performance.
-
NewsBoots first-quarter profits slide despite online sales surge
Boots has reported a further decline in its quarterly profits and sales, despite its online sales more than doubling year on year.
-
NewsTapi Carpets set to register first-ever profit
Tapi Carpets has recorded strong sales growth in its second half, leading to the retailer’s first-ever profit for 2020.
-
NewsJoules Christmas sales bolstered by online
Fashion and lifestyle brand Joules was propped up this Christmas by its online business.
-
NewsB&M awards staff bonuses after strong golden quarter
B&M Bargains has registered a strong uplift in revenues during the festive period as more consumers sought value for Christmas.
-
NewsBoots owner sells wholesale healthcare business for £4.8bn
Walgreens Boots Alliance has agreed a $6.5bn (£4.8bn) deal to sell its Alliance Healthcare wholesale business in order to focus on its retail operations.
-
NewsTopps Tiles flags margin pressure as new lockdown begins
Topps Tiles achieved strong sales growth in its first quarter but expects sales to be hit by the latest coronavirus lockdown.
-
NewsGreggs cautions that profits will not recover until 2022 ‘at earliest’
Food-on-the-go specialist Greggs has warned that profits will not return to pre-pandemic levels until 2022 “at the earliest”.
-
NewsNext gloomier on store sales as pandemic changes shopper behaviour
Next has changed its outlook on the prospects for bricks-and-mortar stores as more shoppers switch their spend online amid the coronavirus pandemic.
-
Opinion‘Act now and act decisively, chancellor – our high streets depend on it’
“The end is in sight,” Rishi Sunak declared this morning as he set out a new package of measures to support businesses through the latest painful phase of the coronavirus crisis – a third national lockdown.
-
NewsPaperchase poised to appoint administrators
Stationery chain Paperchase is on the brink of administration after the impact of the coronavirus pandemic hammered sales.
-
NewsMorrisons Christmas sales rise boosted by traditional festive fare
Morrisons delivered a strong uplift in like-for-like sales over Christmas as shoppers responded to a challenging festive period by buying classic food and drink products.
-
NewsFrasers Group snaps up fashion retailer Psyche
Frasers Group has acquired fashion retailer Psyche’s stores and online business for an undisclosed sum.
-
NewsOnline fashion retailer Mytheresa reveals IPO plans
Fashion etailer Mytheresa has unveiled plans for a Wall Street IPO.
-
NewsTesco chair: Brexit food price changes ‘very modest’
Tesco chair John Allan has said any impact on food prices due to Brexit will be “very modest indeed”, following the news of a deal between the UK and the EU last week.
-
NewsThe Hut Group acquires US skincare retailer and UK nutrition suppliers
THG, formerly known as The Hut Group, has acquired US-based firm Dermstore.com, as well as investing in two of its longstanding nutrition product suppliers Claremont Ingredients and David Berryman.
-
NewsAnn Summers CVA approved by creditors
Ann Summers has announced that its company voluntary arrangement (CVA) has been approved by creditors following a vote today.