All City & finance articles – Page 17
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NewsTopps Tiles sales improve despite challenging external cost environment
Topp Tiles have reported improving sales in the first half of the year but warned that the external cost environment remains challenging for the business.
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NewsTheo Paphitis’ Boux Avenue marks ‘breakthrough year’ for profits
Entrepreneur Theo Paphitis’ lingerie and clothing business Boux Avenue will clock up its first-ever profit in the financial year just ending, Retail Week can reveal.
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Opinion‘Longstanding assumptions are being challenged as retailers navigate new reality’
Tough trading conditions mean that many retailers now recognise the need to strike a better balance between breadth of product and services and profitability, observes Alvarez & Marsal’s managing director Erin Brookes
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DataData: How costs will increase for retailers in the new financial year
This week marks the start of the new financial year for many and the coming into force of the big whammy of cost rises the retail sector has been dreading for months
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NewsMajestic buys wine supplier to ‘turbocharge’ business
Specialist retailer Majestic Wine is to acquire a leading wine and spirits supplier as it prepares for a new business phase.
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NewsPets at Home cuts next year’s profit guidance due to costs from Budget
Pets at Home has reduced its profit guidance for the next financial year as it battles cost increases stemming from the Budget.
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NewsBoohoo vows to push forward with Debenhams rebrand despite Frasers Group intervention
Boohoo has vowed to push forward with its plans to rebrand the group to Debenhams, despite Frasers Group thwarting its efforts to pass a resolution on the subject at today’s general meeting.
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NewsModella Capital lays out plans for WHSmith after acquiring its high street arm
Private equity firm Modella Capital has laid out its plans for the WHSmith high street business, which was acquired in a £76m deal.
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NewsWHSmith sells UK high street business to private equity firm and rebrands to TGJones
WHSmith has made the decision to sell its UK high street business to a private equity firm in a £76m deal as it focuses on becoming a pureplay global travel retailer.
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AnalysisBillion, schmillion? Why Next’s Lord Wolfson is looking beyond landmark profit
As Next joins retail’s billion pound profit club, Lord Wolfson explains why he’s not hung up about the big number, why he is opening a new space for the first time in years, and the changing shape of the business
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DataCharts: Next becomes the latest member of UK retail’s £1bn profit club
Only four UK retailers have exceeded £1bn in nominal profits, with Next being the latest to join the club.
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NewsH&M profits hit by ‘negative external factors’ and increased markdowns
Swedish fashion giants H&M have reported a dip in profits in the first quarter, driven by “negative external factors”, increased markdowns of products and investment.
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NewsNext upgrades profits and sales guidance after strong start to the year
Next has upgraded its full price sales and pre-tax profit guidance for the current financial year after trading in the first eight weeks of the period were ahead of expectations.
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NewsSpring statement brings no new pain for retail – but no relief either
While today’s spring statement did not have any more unexpected tax rises in-store for retail, it also did not deliver any relief for a sector still coming to terms with the October Budget.
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NewsMorrisons sales jump as grocer ramps up cost-cutting targets
Morrisons’ sales for the first quarter jumped, as the retailer increased its cost savings target by £300m to £1bn in the “medium term”.
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NewsVirgin Wines reports ‘resilient’ sales and profits as it targets £100m in revenue
Virgin Wines hailed “strong profitability” during the first half.
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NewsTHG completes £90m fundraise to support ‘strategic growth targets’
THG has completed a £90m fundraiser as it requested a debt refinancing and equity raise to support “strategic growth targets.”
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NewsAO profit expected to come in at top end of guidance
Electricals retailer AO expects its profit to come in at the top end of its guidance range as its adjusted profit before tax grows faster than sales.
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NewsWHSmith completes refinancing package
The retailer announced the completion of a £200m issue of US Private Placement (USPP) notes and a bank term loan of £120m.
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NewsKingfisher profit drops as ‘big ticket’ demand weakens
The retail group, which owns B&Q and Screwfix, reported a 7% fall in profit in 2024/25 with sales also declining on the year before.