All City & finance articles – Page 22
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NewsBurberry has seen a decline in sales as it continues transformation plan
Luxury retailer Burberry has reported a decline in sales but believes its strategic transformation plan will deliver profitable growth in the long-term.
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NewsThe Works has reported narrowing losses as it unveils a new strategy
The Works has reported flat sales and narrowing losses as it unveils a new strategy aimed at growing profitability and strengthening performance.
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NewsRiver Island is making job cuts across its head office
River Island has launched a redundancy programme, with roles at its London head office expected to be slashed.
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Opinion‘Retail prices will rise as the pressures from the Budget take effect’
Rates reform is some distance away and new employment regulations are still to play out, so retailers will be rolling up their sleeves to tackle the challenges of the coming year says BRC chief executive Helen Dickinson
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AnalysisWhat does Primark’s less than golden quarter mean for the rest of UK fashion?
The fashion giant became the latest retailer to update on its performance over the peak Christmas period earlier today and highlighted the impact of “cautious shoppers” on sales. Retail Week explores what a tough time for the ever-resilient Primark means for the broader fashion sector
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NewsSainsbury’s to axe thousands of jobs as it closes counters and streamlines head office
Supermarket giant Sainsbury’s is set to slash thousands of jobs across its supermarket estate and head office functions as it targets more growth.
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NewsRevolution Beauty expecting a drop in sales before returning to growth
Revolution Beauty has said it is expecting to see a drop in sales for the full financial year, before returning to growth in the medium term.
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NewsPrimark’s UK sales have been hit as ‘cautious’ shoppers held back in lead up to Christmas
Fashion giant Primark has reported slumping sales in the UK and Ireland as “cautious shoppers” held back on seasonal spending in the lead up to Christmas.
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NewsWaterstones profits have soared as workers return to the office
Waterstones has hailed workers returning to the office, increasing footfall in London and the rebound of international tourism for contributing to its profits quadrupling in its most recent financial year.
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NewsBoohoo shareholders have shot down Frasers Group’s bid to ‘destabilise’ the brand
Fast-fashion giant Boohoo’s shareholders have “overwhelmingly” voted against Frasers Group’s bid to oust founder and group executive vice-chair Mahmud Kamani at today’s general meeting.
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NewsShoe Zone profits slide after ‘year of two halves’
Shoe Zone has reported a fall in annual sales and profits after a good start to the year was followed by a tough second half.
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NewsPoundland owner weighs changes as it calls in advisers
The owner of UK value retailer Poundland has drafted in advisers to explore options to arrest the business’ slump.
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NewsBudget is hurting part-time workers and women, warns Pets at Home boss
The boss of Pets at Home has said the changes to national insurance set out in the budget are damaging opportunities for “young, flexible workers”, part-time workers and women.
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Opinion‘Why we are more downbeat on the UK retail outlook’
It’s hard to believe how the mood music of shoppers and retailers has changed since last year’s general election, observes Shore Capital’s Clive Black
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Opinion‘Are the lights turning back on in the home and furniture market?’
Updates from DFS and Dunelm this week struck a cautious note, but there are signs of life in the home goods category, including a big move by Primark, believes George MacDonald
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NewsDFS ‘cautiously optimistic’ following profit and sales growth during first half
Furniture retailer DFS has reported profit growth during the first half as it continues to establish position as “the clear market leader”.
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NewsSuperdrug has seen its ‘best Christmas ever’ driven by gift sets and hair care
Superdrug has recorded its “best Christmas ever” as gift sets and hair care saw high sales over the festive period.
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NewsDeliveroo reports ‘strong growth’ at grocery business
Delivery specialist Deliveroo has reported “robust” fourth-quarter trading when its food proposition performed well.
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NewsPoundland suffers sales plunge in Christmas quarter
Value specialist Poundland’s like-for-likes fell in the Christmas quarter, parent Pepco reported.
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NewsDunelm posts ‘solid’ sales growth in challenging conditions
Homewares powerhouse Dunelm has reported a “solid performance” in what it described as a “challenging” and “volatile trading environment.