All City & finance articles – Page 144
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NewsNike sales plunge amid pandemic store closures
Nike has posted a drop in its quarterly sales with rising online revenue failing to offset declines.
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NewsBoohoo bosses in line for £150m bonus in new incentive plan
The bosses of pureplay fashion powerhouse Boohoo are in line for a £150m bonus if shares rise by two thirds over the next three years as part of a new incentive scheme.
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NewsSosandar appoints new finance director
Sosandar has appointed Stephen Dilks as its new finance director, to replace head of finance James Bowling.
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NewsMatalan bolsters board as full-year profits fall
Matalan’s full-year profits dropped despite a slight uptick in revenues, amid a challenging backdrop of political uncertainty and decreased spending.
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NewsN Brown profits and sales slump in ‘year of restructuring’
N Brown has reported falling profits and sales across its brands in what it called a “year of restructuring”.
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AnalysisGo Outdoors rent day pre-pack – is JD Sports right to shaft landlords?
JD Sports has become embroiled in controversy after putting subsidiary Go Outdoors into administration before promptly buying it back and seeking to secure better rent deals. But should JD be cheered or jeered?
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NewsJD Sports buys Go Outdoors back out of administration
JD Sports has bought its subsidiary Go Outdoors back for £56.5m in a bid to renegotiate better rents with landlords after putting the business into administration earlier this week.
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NewsNaked Wines narrows losses as lockdown accelerates sales growth
Naked Wines has reported narrowing losses in its full-year results spurred by a “sharp acceleration” in sales since the outbreak of the coronavirus pandemic in the West.
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NewsPoundland owner’s first-half performance hit by pandemic
Value group Pepco, owner of the Poundland and Dealz chains, has posted a fall in first-half profits but said that sales are returning to pre-pandemic levels.
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NewsMothercare eyes new funding as interim boss stands down
Mothercare is in discussion with a number of prospective lenders over new funding as its interim chief executive steps down.
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NewsJD Sports’ Go Outdoors brand tumbles into administration
JD Sports has confirmed the appointment of administrators for its struggling Go Outdoors brand, following days of speculation about the fascia’s future.
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AnalysisAnalysis: Is Kingfisher’s new strategy enough to rebuild it?
Under the management of chief executive Thierry Garnier, who joined the group in September, Kingfisher has announced its new strategy, ‘Powered by Kingfisher’ – but will it be enough to turn things around?
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NewsAll Saints launches CVA in bid to secure turnover-based rents
Embattled fashion brand All Saints has become the latest retailer to launch a CVA with the hopes of shifting most of its stores over to turnover-based rents.
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NewsSuperdry ends Chinese joint venture following strategic review
Fashion brand Superdry has confirmed it has ended its Chinese joint venture with Trendy, following a review of its long-term business strategy in the region.
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NewsTesco continues international retreat with sale of Polish business
Supermarket giant Tesco has agreed in principle the sale of its 300-plus strong Polish business and associated distribution centres and head office.
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AnalysisAnalysis: What’s next for Boohoo, fashion’s new conglomerate?
Boohoo has wasted no time making good on its plan to snap up distressed fashion brands for a song in the post-pandemic retail landscape.
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NewsKingfisher unveils new strategy as full-year profits fall
B&Q’s parent company Kingfisher reported a dip in full-year sales and profits as new chief executive Thierry Garnier unveiled new ‘Powered by Kinfisher’ group strategy.
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NewsBoohoo snaps up Oasis and Warehouse as first quarter sales surge
Boohoo has acquired the intellectual property of Oasis and Warehouse in a £5.2m deal alongside posting a jump in first-quarter revenue.
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NewsJoules to finish year in the red as store closures slash sales
Fashion brand Joules has predicted it will finish its 2020 financial year in the red after the lockdown of its store estate saw group revenues plummet.
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NewsMike Ashley’s Frasers Group takes £100m stake in Hugo Boss
Mike Ashley’s Frasers Group has taken a near 5% stake in Hugo Boss, worth almost £100m.