All City & finance articles – Page 207
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AnalysisAnalysis: Where next for Debenhams?
Department store group Debenhams has hired KPMG to advise on options as it endures harsh trading.
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NewsPrimark posts sales rise but like for likes fall
Primark’s full-year sales are expected to be up 5.5% year on year, parent company ABF said in a pre-close update.
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NewsDebenhams drafts in KPMG to advise on options
Debenhams has called in KPMG to advise on options as it battles to turn around its fortunes.
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NewsAgenda: JLP, Morrisons, Primark, JD Sports and Dunelm
Retail Week looks ahead to the next seven days, with updates from Primark, John Lewis, Morrisons, JD Sports and Dunelm in the diary.
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NewsOffice Outlet CVA approved by creditors
Office Outlet will shutter four of its stores, with the loss of almost 50 jobs, after creditors unanimously approved its CVA.
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NewsDixons Carphone posts flat like-for-like sales
Electricals and mobile phones group Dixons Carphone has reported flat group like-for-likes in its most recent quarter.
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NewsAmazon surpasses $1trn market valuation milestone
Amazon’s shares briefly edged passed the $1trn market value mark yesterday, making it only the second publicly listed US firm to do so.
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NewsFenwick profits slump as it axes 400 roles
Fenwick has suffered plummeting full-year profits and axed more than 400 roles as it moves to “embrace change” gripping the retail sector.
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NewsHalfords sales rise buoyed by new ranges
Halfords has hailed a “solid” start to its financial year as sales increased despite the “challenging retail environment”.
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NewsMike Ashley accuses HoF bosses of misleading suppliers
Sports Direct chief Mike Ashley has accused House of Fraser’s former bosses of “totally” misleading suppliers and the retailer’s warehouse operator.
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NewsFootasylum issues second profit warning despite sales rise
Footasylum has issued another profit warning despite sales rising, following a shock profit warning at its maiden results.
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NewsM&Co sales rise but profits remain flat
Value fashion retailer M&Co’s sales rose last year but profits remained stubbornly flat against a “challenging” backdrop.
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NewsPoundland puts Elvis on the checkout to drive sales
Poundland, which posted a dip in overall sales despite like-for-like momentum, has drafted in an Elvis Presley voiceover on its self-checkout machines to drives sales.
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NewsHomebase to axe 42 stores as creditors approve CVA
Homebase has been given the green light to shut 42 of its stores after its CVA plan was approved by creditors.
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NewsAgenda: Halfords, McColl’s and Dixons Carphone
Retail Week looks ahead to the next seven days, with updates from Dixons Carphone, Halfords and McColl’s.
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NewsHouse of Fraser warehouses close again amid XPO row
House of Fraser’s distribution centres have closed for a second time amid the ongoing row between new owner Mike Ashley and XPO Logistics.
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OpinionOpinion: Why Homebase deserves a lifeline from creditors
The fate of DIY retailer Homebase will be decided on Friday, when creditors vote on a proposed CVA.
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NewsHouse of Fraser property plan details emerge
House of Fraser landlords are being offered a variety of options on stores under new owner Sports Direct.
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NewsHomebase landlords ponder legal action over CVA
A group of landlords is weighing up legal action over DIY retailer Homebase’s CVA plans, which will be voted on by creditors this Friday.
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NewsBrexit: Warnings over higher card costs and more red tape
The Government has published the first technical notices for businesses on what will happen if no deal can be struck on Brexit with the EU.