All City & finance articles – Page 10
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Opinion'WHSmith’s American dream takes on nightmarish hue'
A profit warning from WHSmith after the discovery of accounting problems at its US arm came as a huge shock, but comparisons with Tesco at its lowest point may be overdone, believes Retail Week’s George MacDonald
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NewsDebenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
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NewsWHSmith issues shock profit warning
WHSmith, which sold off its UK high street arm earlier this year to focus on its travel operations, has revealed a financial review found an overstatement of £30m in headline profit in its North American division.
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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NewsSeasalt hails strong year of growth despite external challenges
Cornish clothing brand Seasalt has recorded another strong trading year with significant progress in international growth and UK bricks-and-mortar store sales.
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AnalysisPoundland poised to press button on £1 price rollout as it awaits restructuring green light
Assuming the value retailer wins support for its turnaround plans in the next few days, boss Barry Williams thinks it could make a comeback as swift as its decline. Here, he tells Retail Week about his plans to make Poundland a favourite with shoppers once again
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NewsONS retail sales data delayed for ‘quality assurance’
The data was due to be published on Friday, but will now be published a fortnight later, according to the UK statistics body
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InterviewQ&A: Sunspel chief executive on bucking the downwards trend in luxury
From dressing the Rolling Stones to James Bond and Brad Pitt, British luxury brand Sunspel has been the outfitter of choice for the rich, cool and famous for over 160 years. Chief executive Raul Verdicchi speaks to Retail Week about outperforming the market, opening new stores and dealing with Trump’s tariffs.
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NewsMountain Warehouse records highest revenue in its history
Outdoor clothing company Mountain Warehouse has seen a record revenue with sales at its highest in the retailer’s 28-year history.
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NewsShein posts record UK annual sales and profits
Online fashion giant Shein, which is pondering a London listing, has reported record turnover and earnings at its UK arm.
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NewsCard Factory completes swoop for Funky Pigeon from WHSmith
Card Factory has today announced it has completed its £24m acquisition of online personalised card retailer Funky Pigeon from WHSmith.
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NewsRough Trade sees sales and footfall uplift thanks to Oasis and ‘music tourism’
Record shop Rough Trade has seen a rise in sales and footfall as the business has been benefitting from music tourism and the Oasis tour, Retail Week can reveal.
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NewsDobbies optimistic on turnaround prospects as restructuring costs hit earnings
Garden centre group Dobbies has posted steeper storical losses but bosses are pleased by the early results of a revival plan.
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NewsFrasers call for suspension of Boohoo founder and investigation into loan claims
Tycoon Mike Ashley’s Frasers Group has demanded the suspension of Boohoo founder and executive vice-chair Mahmud Kamani and a probe into allegations about loans to suppliers.
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AnalysisMad for it: How Oasis’ reunion has delivered a £1bn boost for the high street
Oasis’ long-awaited reunion tour has been a golden boost for the UK’s otherwise struggling high streets and city centres. Retail Week crunches the numbers to see how the band has boosted footfall and spend.
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NewsShoe Zone blames Budget as it halves profit guidance
High street retailer Shoe Zone has halved its profit guidance as it has been experiencing tough trading since the Budget.
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NewsWaterstones secures £125m in new funding to support growth plans
Waterstones has secured £125m in new funding facilities, which it said is designed to support the company’s ongoing financing needs and future growth.
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Opinion‘As it wins approval for restructuring, River Island still faces fundamental questions’
Any restructuring of River Island will only be a small step towards recovery. The retailer needs to find its sense of purpose, believes George MacDonald
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NewsRiver Island secures lifeline after High Court approves restructuring plan
River Island has successfully secured High Court approval for its restructuring plan, providing a crucial lifeline for the embattled chain as it works to transform its business model.
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AnalysisTariffs set to cost UK non-food retailers £618.5m
The tariffs are also driving 76% of UK retail exporters to diversify beyond the US, according to research by Retail Economics and ecommerce firm ESW