All City & finance articles – Page 2
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NewsIkea sees sales decrease in UK, citing weak economy
The furniture retailer announced retail sales of £2.25bn in its 2025 financial year, which runs to August, down by 2.1% on the year before.
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NewsBain forecasts “subdued” festive sales growth in the UK
The management consultancy firm says that “poor consumer confidence and ongoing economic uncertainty” means most sales growth with likely be due to inflation, with sales volumes set to decrease, Retail Week can reveal.
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NewsProCook posts record first-half performance
ProCook has seen sales climb for its eighth consecutive quarter as its store and marketing strategies pay off.
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NewsSosandar returns to revenue growth in first half
Fashion retailer Sosandar has reported that it was back in growth in the first half of its financial year.
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NewsMarks & Spencer extends chair Archie Norman’s tenure
Marks & Spencer chair Archie Norman is to stay in post for an extended period so the retailer can benefit from his “continued strong leadership”.
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NewsTHG reports ‘best quarter’ of trading in four years
Online beauty and nutrition group THG has reported its “strongest quarter of organic sales growth” since 2021.
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NewsIceland boss says private equity firms causing ‘death of the high street’
Iceland boss Richard Walker has said private equity ownership in the UK has caused more damage to retail than any other entity.
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NewsRetail group behind Wilko and The Range returns to profit
The retail group consisting of The Range, Wilko, and more recently Homebase, has seen a return to profit.
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Opinion‘B&M shouldn’t throw baby out with bathwater as it downgrades store standards’
The back to basics strategy being enacted by B&M’s new chief executive makes sense but these days that must include store standards, believes George MacDonald
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AnalysisThe City’s verdict after B&M goes ‘back to basics’
Yesterday, value retailer B&M’s new chief executive unveiled a “decisive” plan to get the brand back on track after it issued a profit warning. Here’s how the City responded to his “back to basics” approach.
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Opinion‘Why not make a third less profit, Tesco?’
A call for Tesco to make less money isn’t the answer to food price inflation but would mean less investment in Britain, a more insecure food system, and lower tax receipts, maintains Shore Capital’s Clive Black
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NewsModella Capital demands rent cuts from Claire’s landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its £3.6m deal to save the struggling retailer, Retail Week understands.
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Chart of the WeekChart: Reduce National Insurance and business rates – poll of economists
A new survey of economists and policy experts by the Centre for British Progress think tank suggests experts think NICs and business rates should not be used to raise additional revenue, but VAT should
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NewsB&M unveils turnaround plan after issuing profit warning
Value retailer B&M has launched a “decisive” turnaround plan, after issuing a profit warning for the first half.
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NewsWhite Stuff sales boosted by new store openings
White Stuff has delivered a 20% increase in full year sales, boosted by new store openings, customer acquisition and its ongoing brand transformation.
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NewsHarrods allocates £60m for abuse victims as store records loss
Harrods has allocated more than £60m in compensation via a redress scheme for the alleged victims of historical abuse.
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NewsThe Cotswold Company being prepared for sale
The Cotswold Company is being prepared for sale by its private equity owners, according to reports.
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Opinion‘The Labour Party Conference offered moments of political clarity and economic ambiguity’
The Labour conference in Liverpool shows that some of retail’s demands are breaking through to government, writes Helen Dickinson. But it also reveals that Labour’s priorities lie in fighting off the rise of Reform, not focusing on business
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AnalysisThe fight before Christmas: Tesco boss Murphy gears up for a very festive price war
In the looming shadow of a late autumn Budget which is filling businesses and consumers with dread, Tesco boss Ken Murphy is also predicting a price war before Christmas.
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NewsNew Deliveroo CEO named after DoorDash deal completes
The founder of Wolt, a business acquired by DoorDash in 2022, has been named as the new chief executive of Deliveroo, after its acquisition by American giant DoorDash was completed yesterday.