All City & finance articles – Page 165
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NewsLaura Ashley slips into the red after homeware arm underperforms
Laura Ashley has reported a full-year pre-tax loss and seen like-for-like and total sales fall, which the retailer’s chair put down to the underperformance of its homeware arm.
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NewsTK Maxx owner quarterly sales and profits climb
TK Maxx’s parent company TJX has posted an uplift in second-quarter sales and income despite a decline in profit margin.
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NewsOverseas investors eye Morrisons and others due to weak pound
Stable retail businesses such as Morrisons are being eyed by overseas investors due to a drop in the price of sterling driven by ongoing uncertainty around Brexit, according to analysts.
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NewsGlobal Fashion Group sales rise and losses narrow
Global Fashion Group posted rising sales during its first half following the recent IPO.
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NewsHammerson appoints new chief financial officer
Hammerson has appointed a new chief financial officer who will also be made executive director on joining the company in September.
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OpinionDoes Farfetch have to spend so much to make money?
When Farfetch made its $6bn debut on the New York Stock Exchange last September, the online marketplace was unlikely to predict it would face legal action from disgruntled investors less than a year later.
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OpinionOpinion: As Colley quits, Kingfisher’s ‘engine’ is running out of gas
DIY giant Kingfisher has spoken at length in recent months about building an “engine” that will drive its future success.
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NewsPoundland owner prepares for sale or float
Poundland owner Pepkor Europe is understood to be mulling a €4bn (£3.6bn) sale or flotation next month.
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NewsAsda second-quarter sales boosted by later Easter
Asda has posted an uptick in second-quarter sales, boosted by the later timing of Easter.
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NewsSports Direct in crunch talks with government as auditor quits
Sports Direct is in a race against the clock to appoint an auditor ahead of its annual general meeting in September when current auditor Grant Thornton will step down.
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NewsNext boss Wolfson: No-deal Brexit will only bring ‘mild disruption’
Next chief executive Lord Wolfson believes that chaos can be avoided in the event of a no-deal Brexit, which would only bring “mild disruption”.
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NewsCard Factory posts sales rise despite tough trading conditions
Greetings card specialist Card Factory has reported a rise in first-half sales and expects to meet full-year profit forecasts.
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OpinionPeter Williams: Sports Direct and Boohoo give me retail déjà vu
The trouble with getting old, like me, is that you see history repeating itself.
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NewsEve Sleep and Simba in early stage merger talks
Mattress in a box specialists Eve Sleep and Simba are in early-stage merger talks as the loss-making businesses seek to guard against a challenging landscape.
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NewsAgenda: Walmart and ONS retail sales figures
Retail Week looks ahead to the next seven days with updates from Walmart and the latest ONS retail sales figures on the agenda.
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NewsBarneys secures fresh capital in bid to avoid collapse
Barneys New York has received a fresh cash injection as it seeks to fend off the threat of collapse.
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NewsSports Direct exec Murray: We’re not in crisis
Sports Direct executive Michael Murray has insisted the group is “definitely not a business in crisis” despite increasing doubts over its strategy.
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NewsBoohoo swoops on Karen Millen and Coast but jobs axed
Online fashion giant Boohoo has bought the Karen Millen and Coast brands for £18.2m.
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Retail VoiceWhy a zero-based mindset can help fuel growth
Accenture Strategy’s Richard Wolff explains how resetting budgets to zero and acting as a collective to reach goals can help further company growth
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NewsSports Direct buys Jack Wills out of administration
Struggling fashion retailer Jack Wills has been bought out of administration by Sports Direct, following a tussle between Mike Ashley and fellow retail tycoon Philip Day’s Edinburgh Woollen Mill Group.