All City & finance articles – Page 32
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NewsMorrisons sales jump as chief executive hails progress ‘across the board’
Morrisons chief executive Rami Baitiéh has praised the “good headway across the board” the supermarket has made, after reporting an increase in both total and like-for-like sales.
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NewsPepco is expecting to see ‘record revenues’ despite ongoing supply chain disruption
Pepco Group, which owns Poundland and Dealz, said it expects to see “record revenues” for the full year despite continuing supply chain issues.
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NewsDFS has swung to a loss as shipping delays and interest rate rises take their toll
Furniture retailer DFS has swung to a loss, blaming ongoing shipping delays in the Red Sea and the effects of higher interest rates on borrowing.
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NewsCo-op is back in the black as membership numbers surge
C-store specialist Co-op has returned to profit and increased its revenues as its membership push resulted in a spike in new active members.
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NewsAsos has put more than 100 jobs at risk amid bid to return to profitability
Asos is set to axe more than 100 jobs amid mounting losses at the online fashion giant as it attempts to return to profitability, according to reports.
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NewsCard Factory CEO has said the US market is the key to achieving its strategy
Card Factory’s chief executive has said the US market is key to achieving its strategy as it announces its first step in the region.
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NewsCard Factory's profits have fallen despite growth in sales
Card Factory posted a fall in profit for the six months to July 2024 despite growth in overall revenue.
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NewsLondon Designer Outlet had its ‘best summer on record’ as sales surpassed £10m
London Designer Outlet has reported its “best summer performance on record” with its strongest-ever sales outside of December occurring in August.
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NewsSeasalt has named a new chief financial officer
Cornish fashion retailer Seasalt has drafted in a new chief financial officer in a ”significant strengthening” of its top team.
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NewsNike’s chief executive is to step down following tough period
The chief executive of sportswear giant and retailer Nike is to stand down next month and be replaced by a veteran of the business.
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NewsRetail volumes rose in August helped by weather and Sales
Retail sales volumes advanced last month and over 12 months, reached the highest level in more than two years.
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AnalysisCan Clarks get back into its stride or is the brand dead on its feet?
As the revolving door at Clarks continues, Retail Week looks at what’s been plaguing the footwear specialist and if there’s hope for a triumphant turnaround
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AnalysisFour must-see charts from the Next half-year results
For the time-poor, Retail Week has extracted four of the most interesting charts from today’s Next results that help paint a picture of what to expect
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NewsOcado Retail lifts its sales guidance after a ‘strong’ quarter
Online grocery giant Ocado has increased its full-year revenue guidance as a result of “strong performance” as it continues making moves as “the UK’s fastest growing grocer”.
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NewsNext ups its full-year guidance again due to surging sales and new ‘avenues of growth’
Next has upped its guidance for the full year to January 2025, with profits now anticipated to reach almost £1bn, as sales and profits at the fashion giant have surged once again.
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NewsLandlord Hammerson has sold its Bicester Village stake for £1.5bn
Hammerson has completed the £1.5bn sale of its joint venture in Bicester Village to a newly created private equity firm.
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NewsRose steps up at Asda as co-owner Mohsin steps down
The supermarket today announced that co-owner Mohsin Issa would be relinquishing his executive role to focus on EG Group.
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NewsTHG is set to spin off its Ingenuity arm as it records a dip in profit and revenue
THG has reported a dip in revenue and profit as it also looks to demerge its technology platform Ingenuity.
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NewsKingfisher sales have slipped across several markets
Kingfisher has recorded a sales decline across several of its markets but said there were “resilient volume trends” in core product categories.
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NewsJohn Lewis losses have narrowed as it remains on track to deliver higher full-year profits
John Lewis Partnership has reported growth in sales and reduced losses in the first half of the year as it remains on track to deliver “significantly higher profits” in 2024.