All City & finance articles – Page 171
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NewsSchuh swings to loss after second ‘extremely challenging’ year
Schuh fell to a loss for the financial year, with the retailer blaming a “second consecutive year of extremely challenging conditions” in the sector.
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AnalysisAnalysis: How Nike’s new boss will accelerate its digital transition
Last week it was announced that Nike’s long-term chief executive Mark Parker would be stepping down from the brand to be replaced by John Donahoe. Retail Week analyses what Donahoe will bring to the role and what his appointment says for Nike’s shifting priorities.
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NewsWalgreens Boots Alliance ups cost-cutting drive as full-year profits fall
Walgreens Boot Alliance (WBA) has recorded a decline in full-year profits despite increased sales in what chief executive Stefano Pessina described as “a challenging operating environment.”
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NewsShop Direct owners Barclay family consider sale
Shop Direct could be sold off by its owners the Barclay family as part of a wide-ranging review of its stable of British investments.
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NewsTK Maxx full-year profits and sales soar
TK Maxx has reported upturns in both total sales and gross profit for the financial year as it continued to open new stores across the UK.
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NewsAmazon’s third-quarter profits fall
Amazon has reported a fall in its third-quarter profits, the first time the ecommerce giant has suffered a drop in earnings for over a year.
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NewsBarneys accepts bid from marketing and entertainment company
Barneys New York has accepted a bid from an international brand development and marketing company after filing for bankruptcy in the summer.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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NewsSports Direct appoints RSM as new auditor
Sports Direct has appointed RSM as its new auditor, succeeding Grant Thornton.
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NewsPoundland to move from ‘single’ to ‘simple’ pricing at all stores
Poundland is rolling out its ‘simple’ price proposition across its 840-strong store estate following a successful trial.
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NewsShop Direct losses spiral as PPI claims hit bottom line
Shop Direct has suffered widening pre-tax losses despite increased sales following an “unexpected surge” in PPI claims.
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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.