All articles by Amy Shields – Page 27
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News
Moss Bros tightens terms for suppliers
Moss Bros has overhauled its supplier terms to fund its three-year strategic plan and a “major” marketing scheme.
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News
Jagtiani targets 250 stores as he mulls global prospects
Dubai-based retail group Landmark is to open a raft of stores and launch in new markets as well as create a Middle Eastern department store format.
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News
Woolworths: Last big credit insurer withdraws cover
Woolworths is facing more instability in the run up to Christmas after another credit insurer has withdrawn cover from the beleaguered business.
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News
Iceland nationalises Landsbanki
Landsbanki, Iceland’s second largest bank, has been nationalised. The move is the latest chapter in the saga surrounding the collapse of Iceland’s economy and subsequent speculation surrounding its impact on UK retailers owned or backed by Icelandic banks or Icelandic investor Baugur.
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News
Aurum posts robust sales
Baugur-backed jewellery group Aurum has posted annual sales of 261.7 million, an increase of 7.7 per cent on the year and 7.4 per cent on a like-for-like basis.
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News
Bhs operating profits slump
Bhs has posted a 40 per cent fall in full-year operating profit to 30.2 million.
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News
Ghost 'seeking funding solutions'
Womenswear retailer Ghost is exploring alternative funding solutions, which could include the withdrawal of its backers from the business.
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News
Baugur reassures Icelandic turmoil will have 'no impact'
Baugur has quashed speculation that turmoil in the Icelandic banking sector may have an effect on the Icelandic investor’s UK retail portfolio.
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News
House of Fraser reassures suppliers
House of Fraser chairman Don McCarthy has written to suppliers to reassure them that the Baugur-backed department store business is financially robust.
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News
Harrods sales dodge high street adversity
Harrods has bucked the retail gloom to post record sales in the year to February 2 and continued growth over the summer.
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Analysis
Nicky Dulieu: Hotting up Hobbs
Having gained a firm grounding in the market at M&S, Hobbs managing director Nicky Dulieu is unfazed by the challenges of a rocky economy. By Amy Shields
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Opinion
Is M&S right to hope for the best?
Sir Stuart Rose’s assertion earlier today that “every morning is a good morning” at M&S seemed fairly terse.
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News
Liberty trading in line with expectations
Liberty has revealed that trading over the past three months has been in line with expectations despite the economic turmoil.
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News
Ted Baker profits rise but trading weakens
Ted Baker has posted a 5.4 per cent pre-tax profits increase to 7.4 million for the first half to August 9, but revealed that trade in the past two weeks has been affected by the turmoil in the banking world and unseasonably warm weather.
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News
M&S slashes spending as like-for-like sales drop
Marks & Spencer suffered a 6.1 per cent like-for-like sales drop in its second quarter and has scaled back spending plans as it is hit by falling consumer confidence.
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News
Harrods announces record sales
Iconic department store Harrods has posted record sales and a profit rise in its full year to February.
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News
Baugur boss reassures on retail portfolio
Baugur has quashed speculation that it will suffer as result of the nationalisation of Icelandic bank Glitnir and the administration of Stodir, an investment business controlled by Baugur executive chairman Jon Asgeir Johannesson.
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News
Mosaic posts first-half EBITDA rise of 6 per cent
Fashion group Mosaic has reported that EBITDA in its first half to July 26 rose by 6 per cent to 33.4 million to represent 8 per cent of sales.
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NewsWoolworths to launch Store 21 fashion concessions
Woolworths is to launch Store 21 fashion concessions in 16 of its large high street stores in partnership with value fashion retailer QS.
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News
H&M misses profit expectations
H&M has unveiled a lower-than-expected pretax profit and gross margin performance as it is hit by the retail downturn.