All City & finance articles – Page 24
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NewsShein exec says 'growth remains strong' amid tariff worries
Donald Tang, executive chairman at the retailer, was reassuring investors in a letter seen by Reuters.
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AnalysisWhat’s next for Shein as regulatory scrutiny and Trump tariffs threaten London float?
Caught between the rock of Trump’s protectionist tariffs in the US and the hard place of an EU crackdown on a “tsunami” of cheap goods, is Shein’s short-lived era of dominance over?
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NewsTopps Tiles’ CTD acquisition has triggered CMA concerns
The Competition and Markets Authority (CMA) has identified competition issues with Topps Tiles acquisition of CTD Tiles.
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NewsShein ponders pushing back IPO date after Trump tariff changes
Online fashion giant Shein is considering a delay to an IPO in London in the aftermath of changes to US tariff rules unveiled by President Trump.
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NewsIn The Style teeters on brink of collapse
Online fashion retailer In The Style is close to insolvency and its owner is lining up administrators.
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AnalysisWages are rising but will that filter through to an uptick in consumer spending?
Retailers do not have many reasons to be cheerful right now, but a lift in consumer spending would be a very welcome balm for some of their troubles.
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NewsDunelm sales climb as chief executive steps down
Dunelm’s chief executive Nick Wilkinson has announced his intention to step down from the business he guided through Covid, after it recorded another sales rise in the first half and moved towards the opening of its 200th store.
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NewsShein is set to slash target London IPO valuation
Shein is reportedly set to slash the target valuation for its highly-anticipated flotation on the London Stock Exchange.
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NewsAsda’s sales slump must be turned around to avoid credit derating, warns Moody’s
Asda’s chairman Allan Leighton needs to resolve the chain’s operational challenges in the months ahead to prevent further downgrades to its credit rating, according to Moody’s.
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NewsEstée Lauder has reported a drop in sales as it widens job cuts
Estée Lauder Companies has reported a decline in second quarter sales as it announces more job cuts.
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NewsAsos’ former credit insurers reinstate cover as it works on turnaround plan
Asos has seen two previous credit insurers reinstate their cover for Asos clothing suppliers as the fashion retailer continues its turnaround plan.
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NewsPoundland’s managing director has stepped down amid reports of a sale
Poundland’s managing director Austin Cooke has left the value retailer amid reports of a potential sale.
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NewsHomebase owes unsecured creditors including retailers over £650m
Homebase owes more than £650m to unsecured creditors following its collapse into administration last November.
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NewsJohn Lewis and Waitrose ‘missed sales targets’ in the run-up to Christmas
John Lewis Partnership is reported to have recorded lower sales and profits than expected in the lead-up to Christmas.
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Opinion‘As they walk a tightrope, retailers wonder how Reeves’ vision for growth applies to them’
Amid a round of retail job cuts from big industry names, the chancellor needs to offer the industry a big olive branch. Action on business rates would be a good place to start, says Retail Week editor-in-chief Charlotte Hardie
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NewsSavers is planning to open 30 new stores across the UK in 2025
Value health and beauty chain Savers is planning to open 30 new stores in the UK this year, with a particular focus on the southeast of England.
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AnalysisClaws out: how do prices compare at Pets at Home and competitor Jollyes?
The claws are out between petcare market leader Pets at Home and its fast-growing competitor Jollyes as both announce new approaches to their pricing. But which is cheaper?
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NewsH&M ‘on track’ as sales and earnings rise
A year into his role, H&M chief executive Daniel Ervér has maintained that the retailer is “on track” as he reported higher sales and profits.
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NewsCrew Clothing ramps up store expansion plans following Christmas sales surge
Fashion retailer Crew Clothing is planning to open “at least” 20 stores in 2025 following a surge in sales over Christmas.
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NewsMorrisons hails ‘broad based progress’ as profits and revenues jump
The grocer’s turnaround looks to be gathering pace as it reported strong Christmas trading and full-year profits and revenues both climbing.