All City & finance articles – Page 159
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OpinionLeader: Will Mothercare administration signal death knell for CVAs?
As recently as May, having won approval for a CVA last year, Mothercare chief executive Mark Newton-Jones was bullish about the retailer’s turnaround prospects.
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NewsPhilip Green races to repay £300m loan before Christmas
Sir Philip Green is in a race to raise some £300m before Christmas to repay a loan secured against Topshop’s London flagship.
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NewsMothercare notifies intent to appoint administrators
Mothercare has announced that it has notified an intention to appoint administrators and claimed its store estate was not “attractive enough” for third-party franchise operators.
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NewsAll Saints returns to profit as international sales climb
All Saints recorded a return to profitability in its full-year results spurred by sales growth across its non-retail channels.
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NewsCarpetright investor considers takeover offer
Carpetright is in talks about a potential takeover offer from its financier Meditor as the retailer seeks cash to repay debt and provide working capital.
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NewsZalando sales surge as shopper visits climb
Online fashion giant Zalando has posted a rise in quarterly sales as its customer base grew.
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NewsSports Direct criticises CMA over ‘inaccurate’ supply estimates
Sports Direct has lashed out at the CMA for publishing “inaccurate estimates” of its access to product as part of the watchdog’s phase two investigation into the JD Sports-Footasylum merger.
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NewsNext in-store sales fall but profit expectations remain unchanged
Next has reported a fall in full-price sales from stores but saw a big upturn in online sales in its third quarter, ensuring that its profit expectations for the year remain unchanged.
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NewsSchuh swings to loss after second ‘extremely challenging’ year
Schuh fell to a loss for the financial year, with the retailer blaming a “second consecutive year of extremely challenging conditions” in the sector.
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AnalysisAnalysis: How Nike’s new boss will accelerate its digital transition
Last week it was announced that Nike’s long-term chief executive Mark Parker would be stepping down from the brand to be replaced by John Donahoe. Retail Week analyses what Donahoe will bring to the role and what his appointment says for Nike’s shifting priorities.
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NewsWalgreens Boots Alliance ups cost-cutting drive as full-year profits fall
Walgreens Boot Alliance (WBA) has recorded a decline in full-year profits despite increased sales in what chief executive Stefano Pessina described as “a challenging operating environment.”
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NewsShop Direct owners Barclay family consider sale
Shop Direct could be sold off by its owners the Barclay family as part of a wide-ranging review of its stable of British investments.
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NewsTK Maxx full-year profits and sales soar
TK Maxx has reported upturns in both total sales and gross profit for the financial year as it continued to open new stores across the UK.
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NewsAmazon’s third-quarter profits fall
Amazon has reported a fall in its third-quarter profits, the first time the ecommerce giant has suffered a drop in earnings for over a year.
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NewsBarneys accepts bid from marketing and entertainment company
Barneys New York has accepted a bid from an international brand development and marketing company after filing for bankruptcy in the summer.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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NewsSports Direct appoints RSM as new auditor
Sports Direct has appointed RSM as its new auditor, succeeding Grant Thornton.
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NewsPoundland to move from ‘single’ to ‘simple’ pricing at all stores
Poundland is rolling out its ‘simple’ price proposition across its 840-strong store estate following a successful trial.
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NewsShop Direct losses spiral as PPI claims hit bottom line
Shop Direct has suffered widening pre-tax losses despite increased sales following an “unexpected surge” in PPI claims.