All City & finance articles – Page 35
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NewsMike Ashley lashes out at ‘desperate’ Boohoo over CEO snub
Frasers owner Mike Ashley has hit out at fashion retailer Boohoo, calling its decision to snub his demand to be made CEO in favour of promoting from within “desperate”.
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NewsCurrys has promised that none of its Black Friday deals have been cheaper in the last six months
Electricals giant Currys has made a commitment to ensure that none of its 3,000-plus Black Friday deals have been cheaper in the last six months.
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NewsAmazon profits and revenues exceed expectations off the back of strong retail performance
Amazon posted profits and sales ahead of market expectations overnight, driven by a strong retail performance in its third quarter.
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NewsBoohoo snubs Ashley demand as it names Debenhams boss as new chief executive
Boohoo has snubbed the demands of its largest shareholder by appointing former JD Sports and current Debenhams boss Dan Finley as its new group chief executive.
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NewsSainsbury’s sells Argos credit card business as it focuses on core grocery offering
Sainsbury’s has sold its Argos credit card arm for £720m, as part of its continued strategy of focusing on its core retail offering.
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NewsOcado names new chair with tech and international experience
Online grocer Ocado has appointed a new chair with a background in the technology industry and international businesses.
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NewsOctober footfall has declined as consumers remain cautious ahead of Black Friday spending
Retail footfall in October saw a small decrease due to factors including bad weather, a shift in school holidays and consumer caution ahead of the budget, according to MRI Software.
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Opinion‘Next’s membership of retail’s billion club is likely to be longer-lived than some’
Big-name retailers have made profits of £1bn only to fade afterward. Next looks likely to beat that trend, argues George MacDonald
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NewsNext is predicting profit of £1bn as cold weather drives sales
Fashion giant Next has reported a rise in sales for the third quarter and upped its profit guidance for the full year to more than £1bn.
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NewsMajestic Wine has launched a rapid delivery partnership with Just Eat
Majestic Wine has launched a rapid delivery partnership with Just Eat allowing customers to order beers, wines, and spirits in as little as 30 minutes.
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NewsJollyes is bolstering its leadership team with Tesco and Sainsbury’s directors
Jollyes has brought a new chief operating officer onto its board and added three new directors to its senior leadership team as it prepares for more growth next year.
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NewsAdidas reports double-digit revenue growth
Global sportswear giant Adidas has recorded a double-digit growth in revenue driven by strong momentum across the underlying Adidas business.
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NewsNew Look’s losses have lessened despite sales dip in full year
Fashion retailer New Look’s losses have lessened despite a decline in revenue for the full year as “tough trading” continued to bite.
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Innovation of the WeekPets at Home has partnered with Microsoft to implement AI for profit protection
Innovation of the Week is a series highlighting retail initiatives that have caught the eye of our team.
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AnalysisShareholder shootout: the key players in the looming battle for control of Boohoo
As the behind the scenes boardroom battle for control of fallen fast fashion giant Boohoo breaks out into the open, Retail Week looks at the major shareholders and how they may decide the fate of the retailer
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NewsWhite Stuff has been bought by The Foschini Group
Fashion retailer White Stuff has been acquired by The Foschini Group, which owns retailers such as Whistles, Phase Eight and Hobbs.
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NewsBoohoo has set out its view on Frasers’ bid to set new direction
Fashion retailer Boohoo has issued a response to Frasers Group’s attempt to shape the business, including a demand that Mike Ashley be installed as chief executive.
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NewsDunelm has grown sales again as shoppers seek cheap home improvements
Dunelm saw sales climb yet again during the first quarter of its financial year as shoppers sought out budget-friendly ways to brighten up their homes.
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NewsVinted has secured secondary investment at a valuation of over £4bn
Lithuanian secondhand marketplace Vinted has secured a secondary investment of €340m (£283m) at a valuation of €5bn (£4.17bn).
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NewsWhistles owner is planning a deal to acquire White Stuff
The owner of Whistles and Phase Eight is in advanced talks to buy high street fashion retailer White Stuff.