All City & finance articles – Page 160
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NewsStore profit margins halved by soaring costs
Store-based profit margins have been decimated by rising costs over the last eight years, new research has shown.
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AnalysisAs WeWork, Farfetch and Eve Sleep flounder, is retail’s tech bubble about to burst?
With the travails of technology-based companies such as WeWork and Uber dominating business headlines across the globe, Retail Week looks at whether the UK retail market is trapped in its own tech bubble.
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NewsWickes third-quarter sales climb despite ‘uncertain market’
Wickes has posted a strong uplift in third-quarter like-for-like sales as parent company Travis Perkins says the retailer’s demerger from the group is “on track” for next year.
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NewsSports Direct pulls Goals Soccer Centres takeover bid
Sports Direct has retracted its bid for Goals Soccer Centres, which the retailer attributed to having received “limited” co-operation from the business on a possible takeover.
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AnalysisAnalysis: WHSmith takes off with transformational travel deal
WHSmith’s travel business should soar even higher following a landmark US deal.
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OpinionLeader: Never mind the carpets, WHSmith’s Clarke leaves the firmest of foundations
The state of WHSmith’s carpets might prompt mirth on social media, but there’s nothing shabby about the legacy of departing chief executive Steve Clarke.
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NewsWHSmith unveils $400m Marshall Retail acquisition as profits edge up
WHSmith is set to double the size of its international travel business with the acquisition of US travel chain Marshall Retail, as it unveiled full-year sales and profit growth.
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AnalysisAnalysis: How Asos plans to get back on trend
This time last year signalled the start of a very bumpy road for Asos. After a difficult autumn – a peak trading period – the unthinkable happened.
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NewsHome Bargains profits climb as it plans to double store footprint
Home Bargains’ full-year sales passed the £2.5bn milestone as the business ramps up for aggressive bricks-and-mortar expansion.
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NewsMatalan profits dampened by ‘awful’ spring weather
Matalan has suffered a drop in second-quarter profit as political uncertainty and “awful” weather during spring dented earnings.
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NewsQuiz laments ‘challenging’ market as store sales slump
Quiz has suffered a fall in sales during its first half as “very challenging” conditions on the high street impacted its top line.
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NewsAnalysis: Notonthehighstreet profits climb despite flat sales
Notonthehighstreet.com has recorded a jump in full-year operating EBITDA spurred by cost efficiencies as the business gears up for growth.
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NewsDunelm sales rise after ‘particularly strong’ first quarter
Dunelm saw both like-for-like and total sales increase in what it described as a “particularly strong” first quarter of trading.
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NewsN Brown back in the black as online powers growth
N Brown reported a return to profit in its interim results, citing its focus on ecommerce as one of the key reasons for its turnaround.
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NewsDebenhams wins £50m backing to fund peak trading
Department store group Debenhams has secured an additional £50m of funding that will enable it to trade at full-tilt over the vital Christmas period, Retail Week can reveal.
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NewsLinks of London tumbles into administration
Jewellery chain Links of London has tumbled into administration, putting up to 350 jobs at risk in what is another blow to the ailing UK high street.
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NewsKingfisher appoints new finance chief
DIY giant Kingfisher has named Bernard Bot as its new chief financial officer.
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OpinionOpinion: Are Ted Baker’s woes down to Ray Kelvin’s departure?
After a horror show set of interim results, Ted Baker has been doing its best to reassure the City that this is just a blip. But to what extent can the fashion retailer’s travails be blamed on the sudden departure of its founder?
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NewsAngling Direct posts first-half profits rise
Angling Direct has reported a rise in interim sales and profits and said it will meet full-year expectations.
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NewsHarrods boss warns on dangers of Corbyn government as profits slip
Harrods managing director Michael Ward has voiced fears that a Corbyn administration would impose money exchange controls to stop cash flowing overseas and that wealthy customers would take fright.