All City & finance articles – Page 162
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NewsBoohoo profits rocket as international sales surge
Boohoo’s profits almost doubled in its first half as the etailer recorded “strong revenue growth” across its markets.
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NewsSainsbury’s second-quarter sales dented by Argos
Sainsbury’s has hailed “improved sales momentum” during its second-quarter despite challenging trading at Argos weighing on its top line.
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NewsM&Co profits fall as ‘unprecedented trading challenges’ bite
M&Co has posted a fall in annual earnings after confronting “unprecedented trading challenges”.
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NewsMoss Bros half-year profits flat as sales edge up
Moss Bros has posted broadly flat underlying profits at the half-year mark as the retailer posted a small uplift in overall revenue despite a slump in hire sales.
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NewsHotel Chocolat full-year profits beat expectations as sales climb
Hotel Chocolat has reported a sales rise spurred by product innovation in what boss Angus Thirlwell described as a “year of significant progress”.
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NewsCard Factory half-year profits slip as Brexit stockpiling hits margins
Card Factory has posted a decline in half-year profits despite increased sales as the retailer unveils plans to roll out its Aldi supply partnership.
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NewsMarks & Spencer finance boss Singer in shock exit
Marks & Spencer group chief financial officer Humphrey Singer is to leave the retailer less than two years into the role.
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OpinionLeader: Being a disruptor won’t make you a success
“What online-only company is really profitable? Basically none of them. That’s the dirty secret”
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NewsAgenda: Sainsbury’s, Boohoo, Card Factory and DFS
Retail Week looks ahead to the next seven days with updates from Hotel Chocolat, Boohoo and Eve Sleep all on the agenda.
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NewsSports Direct says JD Sports probe could impact major brands
Sports Direct has said that the Competition and Markets Authority’s (CMA) investigation into rival JD Sports’ acquisition of Footasylum could have implications for the wider sector, by restricting supply and increasing prices.
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AnalysisAnalysis: Can Next become an ‘Asos for the middle-aged’?
Prime Minister Boris Johnson may have been empty-chaired on his latest visit to Europe, but there’s one UK representative that is being welcomed in the EU and elsewhere overseas: fashion giant Next
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NewsDebenhams wins High Court battle with landlord to secure CVA
Debenhams has won a High Court battle with a landlord to secure its CVA, paving the way for the department store to shut 50 shops.
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NewsJD Sports’ £90m Footasylum deal faces full competition probe
JD Sports’ £90m swoop on high street rival Footasylum is facing an in-depth probe from the competition authorities.
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NewsNext profits boosted by growth in full-price sales
Next has posted an uptick in half-year profits as it hailed strong growth in full-price sales and its online business.
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NewsRiver Island profit halves as it ramps up investment
River Island has posted a steep fall in earnings after ploughing cash into improving the business to ensure it is future-fit.
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OpinionOpinion: Can French Connection find a buyer?
As struggling retailer French Connection extends sale talks again, can boss Stephen Marks keep potential buyers interested?
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NewsKingfisher half-year profits fall as B&Q sales suffer
Kingfisher has recorded a fall in profits as the UK registers a ‘disappointing’ sales performance exacerbated by B&Q range changes and weak consumer confidence.
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NewsOcado sales rise as joint venture with Marks & Spencer goes live
Ocado Retail, the newly formed joint venture between the online grocer and Marks & Spencer, has posted an increase in quarterly revenue and orders, but the average order size edged down.
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NewsFrench Connection cuts losses and extends sale process
French Connection has reported reduced first-half losses and extended its strategic review and formal sale process for a second time, until the end of the financial year.
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AnalysisAnalysis: How low can Aldi go on margin?
While trumpeting another successful year, Aldi’s annual results showed steep downturns in both operating and pre-tax profits, as it slashed prices amid ferocious competition. Retail Week looks at how low Aldi can afford to go on margins, and what that means for the wider grocery industry.