All City & finance articles – Page 236
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NewsWickes like-for-likes slow in ‘difficult’ market
Wickes like-for-like growth slowed to 2.4% in its third quarter as it faced an “increasingly difficult market environment”.
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AnalysisThe City should give Debenhams’ Bucher breathing space
As the department store market comes under greater pressure perhaps than ever before, the job of turning around Debenhams looks more and more demanding.
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NewsToday in retail: Sainsbury’s cuts are a necessary evil
Sainsbury’s revelation that it is axing 2,000 roles as it restructures its human resources team represents a painful but necessary move.
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NewsZara UK full-year profits drop despite surging sales
Zara’s British arm suffered a fall in earnings last year despite a spike in sales.
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NewsAgenda: Asos updates the market with its preliminary results
Retail Week looks ahead to the next seven days, with a preliminary update from Asos on the agenda.
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NewsN Brown partners with Amazon Fashion as profits edge up
N Brown has recorded a rise in profit bolstered by strong sales across its core brands.
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NewsDunelm like-for-likes jump but margins hit
Dunelm like-for-likes jumped 9.3% in its first quarter although gross margin was down 220 basis points.
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NewsQuiz sales surge in first half as online rockets
Quiz’s sales surged 35% to £56.1m in its first half as it continued its omnichannel expansion in the UK and overseas.
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NewsToday in retail: Co-op closes in on Nisa deal
The Co-op’s swoop for Nisa took a giant step forward today when the symbol group and wholesaler’s board recommended the £137.5m offer to shareholders.
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NewsNisa board recommends Co-op’s £137.5m offer
Nisa’s board has “unanimously” recommended the Co-op’s offer worth up to £137.5m to its shareholders.
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NewsTed Baker profits rise bolstered by international sales
Ted Baker has reported healthy increases in its interim profits and sales, driven by increased demand in America and Asia and a thriving ecommerce arm.
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NewsToday in retail: What next for Oasis, Coast, Warehouse?
Having been on the block for a number of months, Oasis, Coast and Warehouse will not be changing ownership after all.
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NewsMatalan profits rise boosted by full price sales
Matalan has posted a jump in second-quarter profits as surging full price sales and the performance of revamped stores boosted its bottom line.
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NewsBrightHouse circled by consortium of US hedge funds
BrightHouse is being circled by a consortium of bondholders as pressure mounts on the rent-to-own retailer to strike a refinancing deal.
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NewsOasis, Coast, Warehouse sale abandoned by Kaupthing
Icelandic bank Kaupthing has abandoned plans to sell Oasis, Coast and Warehouse after insisting the market “does not currently recognise the value” of the businesses.
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AnalysisBig ticket: Is it boom or bust for home and furniture?
Against an uncertain backdrop, updates from ScS, Topps Tiles, DFS and Made.com have given a vital temperature check on the health of the home and furniture sectors.
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NewsNisa names Misra interim boss as first-half sales jump
Nisa named non-executive director Arnu Misra as interim chief executive as it unveiled an uplift in sales during its first half.
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NewsWholesalers call on CMA to block Tesco-Booker merger
The bosses of the UK’s seven biggest wholesale businesses have called on the Competition and Markets Authority (CMA) to block the deal.
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NewsDFS profits plunge in ‘very challenging’ furniture market
Sofa stalwart DFS said full-year profits were hit by consumer uncertainty and sterling’s slump in the wake of the Brexit vote.
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OpinionOpinion: WHSmith's high street shops can fly high again
WHSmith – celebrating its 225th anniversary this year – will show how its travel business has continued to soar when it issues preliminary results next week.