All Studio Retail articles – Page 8
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News
Findel axes Cotswold Company and Letterbox
Home shopping retailer Findel has decided to shut down its Cotswold Company and Letterbox brands after the completion of its strategic review.
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Findel brands under review as home shopping slide continues
Home shopping group Findel has put two of its brands under review as sales at its home shopping division continued to slide, falling 6 per cent in the 44 weeks to February 6.
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Findel assesses future of underperforming brands
Home shopping group Findel has reported group sales down 3 per cent for the 44 weeks to February 6 compared to the same period last year.
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Findel profits up
Home shopping group Findel has reported a total pre-tax profit of 5.7 million in the six months to September 30, up from 2.5 million the year before.
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Interest rate cut met with caution by analysts
The Bank of England’s shock decision to slash interest rates to 3 per cent will help heavily indebted retailers, but analysts remain cautious about the immediate impact on consumers.
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Findel posts flat sales
Findel, the home shopping group, has revealed robust first-half sales but warned it expects consumer spending to slow.
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Findel sales rise
Home shopping company Findel has revealed a 2 per cent increase in group sales for the 19 weeks to August 15.
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Findel sales up
Home shopping group Findel has disclosed a 3 per cent rise in group sales in its second quarter, compared with the same period last year.
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Findel to halt recruitment of new higher-risk customers
Home shopping retailer Findel will stop recruiting higher-risk new customers to its credit business and focus on driving revenues from its established customer base, after a “disappointing” year.
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Findel profit warning feeds City fears for home shopping sector
Home shopping group Findel issued a profit warning last week, after it was forced to increase provisions for bad debt by 5 million.
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Credit crunch to hit Findel profits
Home shopping group Findel became a victim of the credit crunch after warning that bad debt would hit profits.
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Findel on course to deliver record sales
Home shopping group Findel is expected to achieve record sales of about 640 million, an increase of 17 per cent, it said in a trading update for the year ending March 31.
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Retailers’ woes deepen as new year gloom tarnishes prospects
Analysts took their red pencils to the sector, as uncertainty about next year’s outlook continued to undermine sentiment.
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AnalysisHome shopping sector at home with consumer credit
Credit crunch? What credit crunch? As the consumer debt squeeze takes its toll on the UK retail industry, the home shopping sector is continuing to reap the benefits of credit.
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Findel pounces on EHR assets
Home shopping company Findel has paid £34 million for several businesses from rival European Home Retail after the latter was placed into administration on Friday.