All City & finance articles – Page 23
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NewsTK Maxx owner TJX ‘exceeds guidance’ with improvement to store sales
TK Maxx’s parent company TJX has reported that the group has “exceeded guidance” as store sales perform better than expected.
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AnalysisOcado moves out of R&D phase, hoping for positive cash flow next year
The multifaceted technology and retail business is in for a year of big changes. It is hoping that its big spend on tech will start to bring dividends
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NewsOcado still in 'constructive' talks with Marks & Spencer over April payment
Ocado is still in “constructive conversations” with Marks & Spencer in a row over a final payment that is due in around a month’s time.
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NewsOcado losses narrow as it ‘significantly’ improves revenue
Ocado Group has delivered narrowing losses and “significantly” improved revenues and cash flows.
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NewsIssa brothers' EG Group posts ‘strong trading’ and profit growth
EG Group has reported “strong trading” in which it saw profits rise driven by growth in the US and Europe.
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Opinion‘The future of struggling Poundland is likely to be revealed next week’
In the current trading environment, value specialist Poundland should be flying. It’s not.
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NewsPart-time retail jobs ‘at risk’ due to the impact from the Budget
Around one in 10 part-time jobs could be at risk due to the impact of the Budget and upcoming regulatory changes, the British Retail Consortium (BRC) warned.
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NewsVictorian Plumbing sees rise in revenue after growth initiatives
The increase, for the first 21 weeks of FY25, comes after the opening of a semi-automated distribution centre in December 2024.
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NewsShein’s profits have plummeted ahead of London listing
Fast-fashion giant Shein’s profits plummeted by more than a third last year, according to reports, ahead of its highly-anticipated London listing.
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NewsJust Eat is being acquired by a Dutch-based technology investment firm
Takeaway and delivery platform Just Eat has agreed to a €4.1bn (£3.4bn) takeover by a Dutch-based technology investor, Prosus.
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NewsB&M CEO to step down as the discounter cuts its profit guidance again
B&M has announced its chief executive is retiring as the discounter cuts its profit guidance for a second time this year.
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NewsAsda has avoided fines despite missing the deadline for its £800m IT upgrade
Walmart has offered its former business Asda a lifeline after the UK supermarket chain missed a crucial deadline for an £800m technology overhaul.
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NewsAldi ups pay for second time in a month on back of Lidl’s increase
Value grocer Aldi has announced a further pay rise for staff, just a month after originally revealing a higher rate.
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DataForget Blue Monday, growth in UK retail sales was another positive surprise from January
The release of the ONS’ retail sales on Friday was the latest in a surprisingly positive flurry of economic indicators in what is supposed to be the saddest month of the year
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Opinion‘You could be forgiven for thinking that a new cost-of-living crunch is upon us’
Hard-pressed consumers, like retailers, face unwelcome cost increases in the next few months and that has implications for spending, says Retail Week executive editor George MacDonald
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NewsFashion retailer Quiz calls in administrators
Clothing group Quiz has brought administrators on board, likely leading to job losses and store closures.
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NewsConsumer confidence hits ‘new low’ as energy bills rise looms
Consumer sentiment has stepped back this month, when confidence in the state of the economy fell.
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NewsThe Very Group has delivered an ‘improved performance’ as profit grows
The Very Group has recorded an “improved performance” as it saw profits rise but its revenue slipped.
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NewsClub L London’s sales have surged as it targets global expansion
Fashion retailer Club L London has seen its turnover rocket in its most recent financial year as it targets international expansion in 2025.
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FeatureShow me the money – what incentives make staff act like they own the company?
What sort of schemes are operating, and which might be most effective? And will such schemes change as basic pay – powered by rising minimum wage costs – rises and the overall cost of employing people goes up?