All City & finance articles – Page 355
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NewsB&M reports strong Christmas as like-for-like sales rise 4.5%
Value chain B&M Bargains has revealed UK like-for-like sales increased 4.5% in the 13 weeks to December 27.
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NewsOriginal Factory Shop delivers record-breaking festive figures
Original Factory Shop has reported record-breaking Christmas trading figures, driven by sales of festive gifts.
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NewsSuperdrug owner AS Watson buys 50 health and beauty stores from Dirx
Superdrug owner AS Watson has unveiled a deal to purchase 50 shops from Dutch health and beauty specialist Dirx Drugstores.
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NewsMySale closes US and South Korean sites to focus on UK as it dips into red
MySale has closed its US and South Korea websites in order to focus on the UK and other key markets after reporting a loss.
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NewsCard Factory like-for-likes up 1.8% after 'solid' Christmas
Card Factory has reported a like-for-like sales increase of 1.8% over an 11-month period, and says it achieved “solid” Christmas trading.
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OpinionComment: Lessons in merger success from Dixons Carphone
The successful merger of Dixons and Carphone Warehouse is a reminder to all retailers of the importance of executional excellence.
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NewsHalfords boss Matt Davies denies business will suffer after he joins Tesco
Halfords boss Matt Davies has denied that his departure for Tesco will be detrimental to the business because of the foundations he has laid.
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NewsLakeland secures £16m funding deal from RBS to support expansion
Kitchenwear specialist Lakeland has sealed a £16m funding deal from the Royal Bank of Scotland (RBS) which it plans to use to boost expansion.
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NewsMike Ashley to sell 2.6% stake in Sports Direct worth £117m
Mike Ashley is selling over 15 million shares equating to a 2.6% stake in Sports Direct through Goldman Sachs for £117m.
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AnalysisDixons Carphone Christmas trading: What the analysts say
Dixons Carphone has reported a strong festive season as it reported group like-for-likes up 7% during a ‘roller coaster’ Christmas. Here’s what the analysts say.
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OpinionComment: Dixons Carphone shows the way in adapting to changing shopper habits
Mergers frequently have a habit of failing to deliver the promised benefits, but not Dixons Carphone.
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NewsPets at Home like-for-likes jump 4.1% after strong services growth
Pets at Home’s like-for-like revenues increased by 4.1% in its third quarter as it recorded rapid growth across its services business.
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NewsHalfords like-for-likes surge as shoppers snap up bikes for Christmas
Halfords recorded strong like-for-like growth over Christmas as cycling sales surged with customers buying children’s bikes as presents.
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NewsPoundland posts 10% Christmas sales rise despite 'tough conditions'
Poundland’s total revenue excluding Spain jumped 10.2% in the Christmas quarter, on a constant currency basis.
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NewsDixons Carphone Christmas sales rise in 'roller coaster' trading period
Dixons Carphone has reported a strong festive season in its first Christmas update since forming the new company last year.
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NewsMamas & Papas losses widened to £12.1m in the year before CVA
Mamas & Papas reported pre-tax losses more than quadrupled to £12.1m in the year to March 2014, six months before a major restructure saved the business.
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OpinionComment: Game profit warning does not mean 'game over' after IPO reboot
Confidence in Game’s return to the stock market was rattled last week when it issued a shock profit warning after sales fell over Christmas.
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NewsNaked Wines toasts record performance as Christmas sales soar
Online wine specialist Naked Wines notched up a 40% rise in sales over Christmas and shipped a record 13 million bottles last year.
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AnalysisIn the news: Beales buyer and property tycoon Andrew Perloff profiled
“I don’t need a press office,” says Andrew Perloff when Retail Week’s call is put straight through to him after it emerged that he’d made an offer to buy Beales.
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NewsFormer Tesco boss Leahy criticises 'failure of leadership' at the grocer
Former Tesco chief executive Sir Terry Leahy has said there was a “failure of leadership” under his successor Phil Clarke.