All City & finance articles – Page 158
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AnalysisAnalysis: Should retailers focus on getting better, not bigger?
Despite the punishing retail climate, most retailers are still expected to grow. But is the right thing to do? Is it time for a reset of corporate expectations? Is it time for retailers to concentrate on getting better, not bigger?
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AnalysisAnalysis: New Look sales are under pressure but profit is priority
Value fashion retailer New Look’s first-half figures showed signs of progress in its recovery following last year’s CVA and resulting financial restructuring.
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OpinionOpinion: Should B&M say auf wiedersehen to Germany?
The usually infallible B&M posted a subdued set of interim results this morning.
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OpinionPeter Williams: In 2019, retailers may as well pull Christmas forecasts from a hat
With the peak trading season for many retailers just kicking off, this is the time of year for finance directors to be at their most anxious as they focus on their forecasts for the financial year.
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NewsLandsec trumpets new developments despite retail woes
Landsec is pushing ahead with 1 million sq ft of new London property developments as it seeks to offset falling portfolio values bought on by the troubles in the retail sector.
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NewsGreggs profit expectations heat up as sales soar
Greggs’ profit expectations have been upgraded as total group and managed shops like-for-like sales soared.
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OpinionMove of the Week: Shop Direct CFO can mark start of new era
Ben Fletcher would be well advised to make the most of his Christmas break. When Shop Direct’s new group chief financial officer joins in January he faces being thrust into a business still suffering the effects of a PPI-induced financial shock that has escalated to the point where it pushed 2018/19 profits significantly into the red.
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AnalysisAnalysis: Could and should Pessina take Walgreens Boots private?
Walgreens Boots Alliance (WBA) executive chairman Stefano Pessina is understood to be making an audacious play to take the health and wellness group private. Could he, and should he, pull it off?
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AnalysisAnalysis: Could election clarity realise Sainsbury’s hopes for a retail rebound?
Following Sainsbury’s somewhat disappointing interim update this morning, chief executive Mike Coupe said the prospect of clarity from the Christmas general election could bring respite for the retail sector in the New Year.
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NewsSuperdry blames sales fall on ‘legacy issues’
Superdry has reported slumps in group sales and across all its channels, which it says “reflects an expected year of reset” and legacy issues across the business.
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NewsThe Works warns on profits as like-for-like sales suffer
The Works has issued a profit warning in its half-year trading update, as it says a “challenging consumer backdrop” and strong comparables hit its like-for-like sales.
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NewsHalfords profits and revenue fall as big-ticket sales stall
Halfords has recorded a decline in interim sales and profits as the business snapped up independent garage chain McConechy’s Tyre Service in a bid to bolster its autocentres division.
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NewsSainsbury’s half-year profits slide as sales fall in ‘competitive’ market
Sainsbury’s has recorded a fall in profits at the half-year mark as one-off property costs hit the grocer’s bottom line.
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NewsBoots owner considers taking the pharmacy chain private
Boots owner Walgreens Boots Alliance is considering taking the US pharmacy chain private following interest from investors.
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NewsMothercare UK tumbles into administration with the loss of 2,800 jobs
Mothercare’s UK arm has officially appointed administrators and will close all of its stores and offices with the loss of 2,800 jobs.
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AnalysisHow Seasalt harnessed heritage to navigate retail’s choppy waters
While many larger high street fashion brands have found themselves in rough water this year, Seasalt is plain sailing. Retail Week looks at what the fashion retailer is doing right and where it might turn next.
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NewsKurt Geiger profits up despite House of Fraser debt
Kurt Geiger has reported an increase in its operating profit for the financial year, despite the bad debts it accrued as part of the House of Fraser administration.
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OpinionOpinion: The time isn’t right to sell Shop Direct
Shop Direct owners the Barclay family are understood to have kicked off a review of their business empire, raising questions about the etailer’s future ownership.
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NewsPrimark profits rise as it eyes international expansion
Primark has posted an increase in full-year profits and set its sights on further international expansion, despite declining like-for-like sales.
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NewsShop Direct closes in on £150m financing deal
Shop Direct owners the Barclay family are on the cusp of agreeing a £150m refinancing deal to shore up the online retailer’s balance sheet.