All City & finance articles – Page 309
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NewsNext week in retail: Next, Shoe Zone and consumer confidence
Retail Week looks ahead to next week, with updates from Next, Shoe Zone plus GfK’s latest consumer confidence index all on the agenda.
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AnalysisWhat we learnt from Debenhams’ full-year results this week
Department store group Debenhams revealed a healthy rise in full-year profits this week, while like-for-likes grew 2.1%.
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NewsSports Direct completes acquisition of Direct Golf for undisclosed amount
Sports Direct has completed the acquisition of Direct Golf from owner and founder John Andrew for an undisclosed sum.
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NewsNick Bubb's verdict: Did Sharp jump from Debenhams or was he pushed?
There had been rumours that investor unrest at Debenhams would claim the scalp of its boss, but is that the real reason for Sharp’s exit?
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NewsWiggle pedals to higher full-year profits as UK sales soar 26%
Wiggle has reported an 11.5% jump in full-year sales, helped by a strong UK performance, and is targeting further growth by opening a £10m distribution centre.
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VideoThe Retail Week: Mark Price steps down, Debenhams boss and Asda U-turn
Catch up on this week’s big retail stories with analysis from grocery reporter Luke Tugby and executive editor George MacDonald.
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NewsDebenhams chief executive Michael Sharp's exit: What the analysts say
Debenhams revealed this morning that its chief executive Michael Sharp will step down next year. We round up the City reaction.
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NewsOutgoing Debenhams boss Sharp dismisses reports of shareholder revolt
Debenhams boss Michael Sharp has dismissed suggestions that shareholder unrest sparked his impending exit from the retailer.
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NewsMothercare UK like-for-likes rise 6.5% but store closures hit revenue
Mothercare has reported a 7.1% fall in second-quarter sales as closures continue but said trading is in line with full-year expectations.
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NewsDebenhams boss Michael Sharp to step down as full-year profits rise 7.3%
Debenhams boss Michael Sharp will step down from his role at the department store chain in 2016 after five years as chief executive.
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NewsHome Retail boss John Walden defends bet on Argos same-day delivery
Home Retail CEO John Walden has defended the investment in Argos’s same-day delivery by claiming it is vital for the business’s “long-term health”.
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NewsHome Retail warns on profits as it braces for Black Friday 'uncertainty'
Home Retail has warned full-year profits will be below market expectations as it braces for trading uncertainty caused by Black Friday.
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NewsHome Bargains owner TJ Morris reveals jump in full-year sales
TJ Morris, owner of Home Bargains, has revealed a healthy jump in full-year profits and sales after it opened stores and relocated existing shops.
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NewsAsos Rewards loyalty and engagement programme to be rolled out
Fashion etailer Asos is to roll out a loyalty scheme after an enthusiastic reaction from shoppers to a trial.
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AnalysisAsos looks well placed for growth as Nick Beighton takes the helm
In contrast to some new chief executives, Asos’s Nick Beighton won’t be indulging in any kitchen-sinking.
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NewsAsos pre-tax profits edge up 1% as etailer invests in warehousing and tech
Asos’ full-year pre-tax profits edged up 1% to £47.5m as the etailer invested in customer proposition, warehousing and staff.
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NewsOffice sees full-year pre-tax profits double as sales up 5.5%
High street footwear chain Office has reported a doubling of full-year pre-tax profits as sales rose by 5.5%.
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NewsReiss ups focus on global expansion as full-year profits double
Reiss has ramped up its focus on global expansion after full-year group profits doubled, although losses from its international division widened.
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AnalysisHow a British FD became chairman of French luxury brand ST Dupont
Sharon Flood has a diverse portfolio career that spans Network Rail, the Science Museum and French luxury brand ST Dupont, where she is driving UK expansion.
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NewsHamleys sale to overseas buyer likely to be completed within weeks
The sale of famous toy retailer Hamleys to a Chinese buyer is thought likely to be completed within weeks after months of speculation.