All City & finance articles – Page 159
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NewsM&S posts ‘improved’ Christmas performance despite clothing decline
Marks & Spencer’s Christmas like-for-like sales edged up but total sales dipped despite its grocery arm “outperforming” the market.
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NewsTesco sales inch up as it hails growth in ‘subdued UK market’
Tesco has reported slight increases in both total and like-for-like sales and a fifth consecutive Christmas of growth in what it described as a “subdued UK market”.
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NewsTed Baker’s lenders hire advisers to review struggling business
Ted Baker’s lenders have called in advisers to carry out an independent business review.
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OpinionOpinion: Christmas trading statements? Take them with a pinch of salt
In the mid-1980s, the UK retail landscape was very different. Aldi had yet to open here. Having conquered much of continental Europe, Ikea was just starting to eye Britain.
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NewsSainsbury’s boss Coupe to tackle ailing toys and gaming sales
Sainsbury’s boss Mike Coupe has hinted that the retailer could reduce its exposure to the challenged toys and gaming categories following a turbulent Christmas.
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NewsTopps Tiles posts quarterly sales fall
Topps Tiles has reported a decline in like-for-like sales in its first quarter, when political uncertainty hit trade.
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NewsShoe Zone suffers profit fall after tough year
Shoe Zone has posted a fall in annual profits and hit out at the burden of business rates.
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NewsGreggs celebrates strong end to ‘exceptional year’ with staff pay-out
Food-on-the-go specialist Greggs has posted a strong fourth-quarter performance and full-year profit will be ahead of expectations.
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NewsSainsbury’s sales edge down over Christmas as general merchandise hit
Sainsbury’s has reported a fall in sales over the Christmas quarter, when strong food sales were undermined by a decline in general merchandise.
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NewsMorrisons ‘missed’ Black Friday halo effect at Christmas, says Potts
Morrisons boss David Potts admitted the grocer “missed” the halo effect of holding a Black Friday promotion before Christmas after rowing back from the discount frenzy.
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NewsMajestic Wine toasts ‘impressive performance’ during festive period
Majestic Wine has posted an uptick in sales during the festive period following a “year of uncertainty”.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.
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NewsCVAs ‘delay inevitable failure’, research suggests
Company voluntary arrangements (CVAs) are delaying “inevitable future failure” rather than helping businesses secure longer-term futures, new analysis suggests.
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NewsAldi hails ‘strong’ Christmas as sales pass £1bn
Aldi has toasted a spike in Christmas sales as it wooed “more customers than ever before” during the festive period.
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NewsMountain Warehouse defies ‘doom-mongers’ with Christmas sales climb
Mountain Warehouse has recorded a boost in sales across the festive period bolstered by a strong Black Friday performance.
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NewsMarks & Spencer appoints interim finance chief
Marks & Spencer has appointed David Surdeau to oversee its finances until a permanent chief financial officer is appointed.
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NewsNext edges up profit guidance as Christmas sales beat expectations
Next has recorded an increase in full-price sales over the festive period ahead of internal expectations, spurred by online, and has upped its full-year guidance as a result.
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NewsTopshop to close Westfield Stratford store after lease expires
Topshop in the Westfield Stratford City shopping centre is set to shut after its lease runs out.
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AnalysisThe nine most jaw-dropping retail moments of 2019
The retail industry has experienced many twists and turns this year. Retail Week picks nine truly jaw-dropping moments from 2019.
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NewsFashion retailer Joy on brink of collapse for third time
Joy, the fashion and accessories specialist, looks likely to plunge into administration and become the first retail collapse after Christmas.