All City & finance articles – Page 11
-
NewsFrasers pulls out of deal for Revolution Beauty
Frasers has pulled out of the deal for struggling cosmetics brand Revolution Beauty.
-
NewsMinimum wage rises and improving Gen Z outlook drive strengthening consumer sentiment
A rise in minimum wages has buoyed consumer sentiment, with the financial outlook for Gen Z customers in particular improving.
-
NewsMatalan improves profitability as turnaround gets underway
Matalan has improved underlying profitability but its executive chair has said there’s “more work to do” as it accelerates its transformation.
-
NewsAO profits surge as membership scheme boosts performance
Online electricals specialist AO.com has reported increased annual sales and profits, helped by a raft of initiatives.
-
NewsPoundland outlines restructuring plan to kick-start turnaround
Value specialist Poundland intends to make sweeping changes to its business as it seeks to recover following poor trading.
-
NewsAsos promotes from within as it names new chief financial officer
The ecommerce retailer announced that Aaron Izzard would take the role at the beginning of July.
-
NewsPoundland to 'halt rent payments' at hundreds of stores
Poundland is set to stop paying rent at 250 of its shops if a mooted restructuring plan gets the nod from creditors, according to reports.
-
AnalysisAroma Zone: The French health and beauty retailer scenting opportunity in the UK
French health and beauty retailer Aroma Zone is the latest international player to sense an opportunity in the UK.
-
NewsBiggest retailers face £600m tax rise as rates reform hits
Britain’s largest supermarkets and West End shops face being hit hardest by a £600m surge in property taxes next year, according to new analysis.
-
Opinion‘Only as good as next day’s trade? That mindset risks putting short-term tactics above long-term strategy’
While many believe the retail and consumer sector is challenged, True’s Matt Truman believes that, with patience, significant investor gains can be made
-
NewsJohn Lewis’ great-grandson leaves Oak Furnitureland
Patrick Lewis, great-grandson of the founder of department store chain John Lewis, has left Oak Furnitureland after one year as its finance boss.
-
Opinion‘Gone for £1, but Poundland could still coin it in again’
It’s been sold for a quid and restructuring looms, but Poundland’s value for money proposition can still profitably draw in shoppers if it refocuses on traditional strengths, argues Retail Week executive editor George MacDonald
-
NewsPoundland sale confirmed with £80m financing package
Poundland has been sold by owner Pepco in a deal that will see the retailer secure an £80m cash injection to fund its turnaround.
-
Chart of the WeekWhy retail is lagging behind other sectors in AI investment
Data provided exclusively to Retail Week from Quid shows the retail AI use-cases drawing the most investment
-
NewsUK retail sales slow as consumers put the brakes on discretionary spending
UK retail spending growth slowed to a crawl in May casting doubt on the strength of consumer resilience heading into the summer.
-
NewsFrasers Group offers Debenhams cash injection as Ashley demands meeting with chair
Frasers Group is reportedly looking to tighten its grip on Debenhams, formerly Boohoo Group, with an offer of a cash injection to the retailer, which is going through debt refinancing talks.
-
NewsJohn Lewis to shrink senior staff committee as part of turnaround strategy
The John Lewis Partnership is set to shrink its most senior staff committee down as it looks to press on with its ongoing turnaround efforts.
-
NewsRevolution Beauty confirms takeover interest from Frasers Group
Frasers Group is among the businesses interested in taking over cosmetics firm Revolution Beauty.
-
NewsRiver Island stores at risk as it draws up rescue plan
Advisers from PwC have been brought in to help devise a rescue plan for River Island, it has been reported.
-
NewsFlying Tiger revenue rises in ‘another year of change and growth’
Danish variety retailer Flying Tiger has recorded a rise in revenue as it saw “another year of change and growth”.