All City & finance articles – Page 34
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NewsSainsbury’s snaps up a raft of Homebase stores in a deal valued at £130m
Grocer Sainsbury’s is buying a raft of stores from DIY specialist Homebase as it seeks to extend its presence and “offer more food choice to more customers”.
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NewsQuiz has posted losses and a decline in revenue
Fashion retailer Quiz has posted “disappointing” results, which it said reflect the impact of inflationary pressures on consumer spending.
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NewsTemu group warns on ‘inevitable’ profit decline as results miss analyst expectations
Temu’s owner, PDD Holdings, has warned of an “inevitable” reduction in profitability as the group reports slow growth and rising competition.
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NewsNaked Wines losses are deepening amid sales slump
Naked Wines has reported deepening statutory losses and a fall in sales as it confirmed the appointment of its new chief financial officer.
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NewsTed Baker's owner announces its new UK and Europe ecommerce operator
Authentic Brands Group has unveiled United Legwear & Apparel Co (ULAC) as its choice to manage ecommerce operations for Ted Baker in the UK and Europe.
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Opinion‘We need to consider why Shein is a disruptor that delivers more than £1bn in annual UK sales’
Online fashion powerhouse Shein’s success raises uncomfortable questions about consumption, believes Charlotte Hardie
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NewsShein has discovered child labour cases among suppliers
Fast-fashion giant Shein has revealed that it found two cases of child labour at suppliers last year.
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AnalysisJD Sports CEO on why its UK performance doesn’t ring alarm bells
As JD Sports reported an increase in sales for the second quarter of the year driven by surging revenues in the US and Europe, sales in the UK fell. Chief executive Régis Schultz tells Retail Week why JD’s underperformance in its domestic market is no cause for concern and why the retailer is a truly global business
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NewsTK Maxx’s parent company has raised its profit guidance following a rise in sales
The parent company of TK Maxx, TJX, has raised its profit guidance after sales across all units of the business increased.
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NewsJD Sports growth driven by US and European revenues surge
JD Sports has reported group like-for-like and organic sales increases, driven by surging revenues in the US and Europe as UK performance softened.
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Opinion‘Fashion retailers must be wary of customers holding out for lower prices’
Inflation has preoccupied retailers over the last few years but now fashion businesses face new questions as the prospect of deflation looms, warns Erin Brookes
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NewsAsos makes changes to executive pay to match 'ambitious growth plans'
Pureplay fashion retailer Asos has announced changes to its executive pay plan to align with its “ambitious growth plans”.
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NewsHobbycraft in advanced talks with retail investor over potential sale
One of the UK’s largest arts and crafts retailers Hobbycraft is in advanced talks with specialist investor Modella Capital over a potential sale.
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NewsEstée Lauder CEO has announced retirement as sales and profits fall
Global cosmetics giant Estée Lauder Companies has reported a fall in sales and profit in the full year ending June 2024 as chief executive Fabrizio Freda announces his retirement.
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NewsFormer Wilko owners are being urged to plug pension hole
The former owners of Wilko are facing pressure to fix the collapsed retailer’s £70m pension hole after the parent company said it does not expect to help.
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NewsTopps Tiles has completed acquisition of CTD Tiles out of administration
Topps Tiles has today completed the acquisition of the brand and “certain assets” of CTD Tiles out of administration.
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NewsVictorian Plumbing plans to shutter the rival firm it bought only months ago
Victorian Plumbing has told staff at the rival firm it bought just months ago that it’s shuttering the business and putting over 100 jobs at risk, Retail Week can reveal.
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NewsKlarna closes in on lead bank partnership ahead of listing in the US
Buy now, pay later provider Klarna is edging closer to appointing a lead bank ahead of its anticipated IPO in the US.
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NewsInflation has risen for the first time since December but food inflation remains unchanged
The rate of UK inflation saw a rise above its target 2% in July, according to the latest data from the Office for National Statistics (ONS).
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Opinion‘Lord Rose’s intervention shows that Mohsin Issa has become an albatross around Asda’s neck’
In his hugely successful career, everything Mohsin Issa has touched has turned to gold – until, that is, he bought Asda. Now the harder he works and the more involved he becomes in turning the business around, the further it seems to drift into the doldrums, writes Hugh Radojev