All City & finance articles – Page 295
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NewsGap’s sales and profits tumble over Christmas and full year
Fashion retailer Gap has posted declines in both its profits and sales for its full year, after being plagued by below-par product.
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AnalysisAnalysis: What would a Brexit mean for the retail sector?
Britain may yet say au revoir to our continental cousins as the odds on a Brexit have shortened. So what could this mean for UK retail?
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NewsTK Maxx parent TJX reports profits and sales up over full year
TK Maxx owner TJX has posted rising sales and profits over its full year as the US retailer “gains market share around the world”.
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NewsSports Direct ups credit facility and halts borrowing from Mike Ashley
Sports Direct has increased its revolving credit facility with banks to £788m after “unjustified criticism” over loans from owner Mike Ashley.
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NewsAgenda: MySale interims and Wickes owner Travis Perkins full-years
Retail Week looks ahead to next week with MySale’s interim results and full-year figures from Wickes owner Travis Perkins on the agenda.
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OpinionOpinion: High-stake Brexit debate demands retail engagement
The EU referendum outcome will be a pivotal moment in UK history and as the largest private employer our industry must join the debate.
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NewsMobile sales exceed desktop purchases for first time ever
Online sales via mobile devices surpassed those made from computers in the fourth quarter of 2015/16, research by IMRG has revealed.
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AnalysisAt a glance: Steinhoff, the furniture giant vying with Sainsbury's for Argos
Steinhoff has grown from humble beginnings selling cheap furniture into a household goods and general merchandise giant spanning 30 markets.
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OpinionNick Bubb’s verdict: Sainsbury’s and Argos – does pride go before a fall?
With mighty Steinhoff wading into the Home Retail battle, Sainsbury’s may regret being seen to be so keen on the Argos deal.
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NewsSainsbury's handed extension in battle for Argos owner Home Retail
Sainsbury’s has been granted an extension to its looming deadline to table a firm bid for Home Retail Group, which owns Argos.
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NewsWhole Foods swings to profit in UK but warns of future 'uncertainties'
Whole Foods has swung to full-year profit but warned of “uncertainties” surrounding its future growth prospects in the UK.
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NewsSainsbury's to seek extension from Takeover Panel in Home Retail bid
Sainsbury’s is poised to ask for an extension to tomorrow’s cutoff to make a bid for Home Retail Group, following Steinhoff’s rival offer.
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AnalysisPrimark trading picks up following tough Christmas: What the analysts say
Primark sales are expected to grow by 4% in the first half with stabilised like-for-likes, ABF has reported. Here’s the City’s reaction.
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OpinionOpinion: Argos bid interest shows the retailer still remains relevant
Steinhoff’s bid to acquire Argos demonstrates the strength of the general merchandise retailer, despite its recent trading troubles.
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DataData: Retail share price index – February 19, 2016
February 19, 2016: This week’s data on the biggest risers and fallers plus a comprehensive list of share price results in the retail sector.
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NewsNordstrom fourth-quarter profits dented following heavy discounting
Nordstrom has suffered a steep drop in fourth-quarter profits after heavy discounting took its toll on the US retailer’s bottom line.
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AnalysisAnalysis: Walmart's US momentum can be replicated overseas
Walmart described its fourth quarter performance as “solid”, reflecting its momentum in the US, while overseas provided more of a headache.
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AnalysisSteinhoff joins Sainsbury's in race for Argos: What the analysts say
Steinhoff has made a cash bid to rival Sainsbury’s efforts to acquire Argos owner Home Retail Group. This is what the analysts said.
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OpinionOpinion: Why 2016 will be a make-or-break year for Andy Clarke at Asda
Given that Asda was about to unveil the worst quarterly sales performance in its history, boss Andy Clarke was remarkably positive.
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NewsJoules looks poised for £150m stock market listing this spring
Joules, the fashion retailer famous for its colourful clothes, is eyeing an IPO that could value the business at about £150m.