All City & finance articles – Page 18
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NewsB&M names interim CEO as Russo departs
B&M group chief finance officer Mike Schmidt has been appointed as interim chief executive at the value retailer.
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NewsNew Post Office CEO extends in-branch cash services to 2030
Neil Brocklehurst was confirmed as the new Post Office CEO today, having been acting chief executive since September.
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NewsPrimark sales grow in key markets but decline in UK and Ireland
Primark has reported a sales decline in the UK and Ireland, but the rest of its key markets showed growth.
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NewsTHG revenue slips following Ingenuity demerger
THG has reported a decline in sales following its demerger from the group’s technology division, Ingenuity.
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NewsVinted delivers leap in sales and profit as it launches in new markets
Second-hand marketplace Vinted has recorded a large increase in sales and profit as it continues to expand into new categories and markets.
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NewsFood inflation rises in April as labour costs rise
Recent figures suggest that food price inflation is slowly creeping back up, according to the BRC-Nielsen shop price index.
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NewsOner Active sees ‘exceptional’ growth as sales nearly double
Women’s sportswear brand Oner Active has reported “exceptional” year-on-year growth as sales nearly double.
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NewsPoundland receives new takeover bid from Lakeland owner
Value giant Poundland has received two new takeover offers, according to reports.
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Opinion‘Can a new entrant controlled by a global giant disrupt UK grocery?’
The soft launch of Joybuy represents a play by Chinese powerhouse JD.com to snap up share of the food retail market, but established grocers won’t be quaking in their boots just yet, says George MacDonald
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NewsHundreds of jobs potentially at risk at The Original Factory Shop
Owner Modella Capital is aiming to renegotiate rents at almost half of the company’s stores, according to a Sky News report.
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NewsUK retail sales keep rising, defying analyst expectations
Clothing and outdoor retailers cited good weather as the reason for a rise in sales volumes, which rose by 0.4% versus the previous month. Analysts had been expecting a 0.4% fall.
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AnalysisTariffs, Topshop and loyalty: Why Asos’ boss is looking ahead despite the turmoil
After Asos showed the “strongest sign yet” of its transformation strategy paying off, Retail Week explores the opportunities and challenges ahead for the fashion retailer
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Opinion‘De minimis advantage – the elephant in the room for Shein, pre-IPO?’
UK retailers would benefit from the abolition of de minimis rules, which have given Shein’s business model an advantage, believes fashion analyst Maureen Hinton
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NewsAsos sales fall but losses narrow as it continues to improve profitability
Online fashion retailer Asos has reported falling sales but an improvement to profitability as losses continue to narrow.
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Opinion‘This grocery ‘price war’ is less battle, more ballet’
The price war narrative misses the mark. What’s actually happening is a repositioning from blunt price matching to smart price signalling, observes OC&C’s Matt Coode
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NewsCharles Tyrwhitt profits and sales up despite ongoing ‘risk and uncertainty’
Suits and shirts specialist Charles Tyrwhitt has reported a rise in profits and sales as it hails current brand positioning and a boost from the return to the office despite ongoing headwinds.
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NewsTHG rejects ‘undervalued’ takeover proposal for Myprotein
THG has rejected a takeover proposal from Selkirk to acquire its Myprotein brand as it “fundamentally undervalued” the brand and its future prospects.
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NewsRituals expects to increase global sales following ‘record year’ in 2024
Luxury beauty brand Rituals expects to increase its annual turnover further as it reports on a “record year” in 2024.
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NewsHobbycraft to close stores and axe around 100 jobs
Hobbycraft’s owner Modella Capital is planning to close at least nine stores with around 100 jobs slashed in a bid to restructure the business.
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NewsMatalan secures new funding to fuel ‘sustainable’ and ‘profitable’ growth
Fashion and homewares retailer Matalan has secured a fresh multimillion-pound cash injection as it continues on business its transformation strategy.