All City & finance articles – Page 166
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NewsFlying Tiger calls time on store openings after profits hit
Flying Tiger Copenhagen has halted UK store openings after a plunge in profits.
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NewsNaked Wines aims for Nasdaq stock exchange listing
Naked Wines is understood to be considering a listing on New York’s Nasdaq stock exchange following last week’s sale of its Majestic Wine business.
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NewsAgenda: Farfetch and BRC-KPMG retail sales figures
Retail Week looks ahead to the next seven days with updates from Farfetch and the latest BRC retail sales figures on the agenda.
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NewsMajestic boss: Fortress ‘our preferred bidder from the beginning’
The managing director of Majestic Wine has said that the business’ new buyers were his preferred bidder and were the most engaged with the brand and its plans for growth.
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NewsWhite Stuff profits dented by digital spend and discounting
White Stuff has suffered a fall in full-year profits after ramping up investment in digital marketing and “higher than planned” levels of discounting.
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NewsGoals Soccer Centres uncovers ‘improper behaviour’
Following an ongoing investigation into the historic accounting practices of Goals Soccer Centres, the company’s full-year 2018 audit has been suspended.
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NewsWish.com valued at $11bn in new fundraising
Mobile shopping specialist Wish has completed a new round of fundraising valuing it at $11.2bn.
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NewsIntu boss promises to stand firm on Primark rent reductions
The chief executive of Intu has said that the landlord will stand firm should Primark or any other retailer request rent reductions on schemes in line with those who have recently undergone CVAs.
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NewsScS ‘continues to outperform’ in tough climate
ScS expects its full-year results to be in line with expectations as like-for-like order intake growth has increased consecutively for two years.
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NewsWestfield’s UK income hit by retail CVAs and leasing delays
Westfield’s UK rental income over the first half of the year fell amid an increase in vacancies due to the rash of retail CVAs and administrations and delays with leasing due to Brexit.
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Retail VoiceThree ways to protect your payments data
Cyber-security is vital for safeguarding customers’ sensitive payment information. Consider using these three technologies, as outlined by Sage Pay, to ensure the best protection for them.
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AnalysisAnalysis: How retailers can avoid a pounding from a weak sterling
After sterling slumped to a two-year low as the threat of a no-deal Brexit looms ever larger, Retail Week analyses what retailers can do to mitigate the pain of a weak pound.
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NewsApple profits drop amid slump in iPhone sales
Apple has suffered a drop in quarterly profits sparked by a further decline in sales of iPhones.
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NewsTravis Perkins firms up plans to offload Wickes
Travis Perkins has firmed up plans to offload DIY chain Wickes – and hopes to complete the demerger within the next year.
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NewsIntu launches ‘transformational’ strategy as rental income slumps
Shopping centre owner Intu has launched what it has dubbed a “transformational” five-year strategy as it bids to arrest tumbling rental income and asset values.
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NewsNext ups profit guidance as second-quarter sales rise
Next has increased its full-year profit guidance after reporting a rise in sales during its second quarter.
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NewsConsumer confidence rallies as shoppers show ‘resilience’
Consumer confidence edged up in July, with increases recorded across all but one measure.
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OpinionLeader: Who will dare challenge Mike Ashley?
Whatever else he may be, Sports Direct tycoon Mike Ashley is commendably plain-spoken.
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CartoonRetail cartoon: Sports Direct's all-singing, all-dancing new model
Patrick Blower’s take on Mike Ashley and his mechanics “putting a beautiful, shiny new car on the outside” of Sports Direct’s retail engine.
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NewsGreggs sales and profits climb in ‘exceptional first half’
Greggs has recorded a jump in its interim profits as demand rose driven by the popularity of its new vegan sausage roll.