All City & finance articles – Page 33
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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.
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NewsCastore scores big over Christmas with ‘strongest ever sales performance’
Sportswear brand Castore has enjoyed a “record Christmas” hailing its “strongest ever trading performance” over the period.
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NewsHalfords has upgraded its profit guidance following strong sales
Halfords has upgraded its profit guidance for the full year as it cites recent trading and “continued strategic progress”.
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NewsQuiz is on the brink of administration following stock market exit
Fashion retailer Quiz is reportedly on the brink of administration days after its shares were delisted from the London Stock Exchange.
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NewsWickes upgrades profit forecast as retail sales grow
Wickes has upgraded its full year profit forecast, after retail sales jumped in the second half of the year.
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NewsPets at Home cites ‘challenging consumer backdrop’ for sales slide
Pets at Home has reported a slump in retail revenue in the third quarter, putting it down for a “challenging consumer backdrop”.
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Opinion‘I can see AI becoming as fundamental to business as electricity’
Rising costs following short-sighted regulation will propel retailers towards an automated future, believes True Global’s Matt Truman
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NewsShop price deflation driven by retailers offering deep discounts
Shop price deflation in the first month of the year was driven by retailers offering customers deep discounts during the period.