All City & finance articles – Page 356
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NewsAhold sales increase 7.9% as it parts company with Albert Heijn boss
Dutch retailer Ahold increased sales 7.9% during its fourth quarter and is to part company with the chief executive of its Albert Heijn business.
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NewsWestern retailers Apple, Inditex and Carrefour step up China plans
Western retail giants are stepping up their plans to expand into China as they seek to take advantage of the booming local economy.
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NewsUS teen fashion retailer Wet Seal files for bankruptcy after sales slump
US teen fashion retailer Wet Seal has filed for bankruptcy just days after closing hundreds of its stores and cutting thousands of jobs.
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NewsBeales board agrees to cash offer from property tycoon Andrew Perloff
Beales has agreed to a recommended cash offer from English Rose, a vehicle controlled by outspoken property investor Andrew Perloff.
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NewsConviviality Retail's half-year profits jump 46.7% after store closures
Off-licence group Conviviality Retail has increased half-year profits by 46.7% as the retailer recorded a strong Christmas trading period.
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NewsThorntons hails 'outstanding' Christmas retail performance as sales jump
Thorntons has hailed an ‘outstanding’ Christmas in its retail division as its like-for-like sales leapt during December.
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NewsTesco job cuts start at the top as senior managers face axe
Tesco has begun cutting jobs and shifting responsibilities among some of its most senior executives, it is understood.
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NewsJD Sports sales soar over Christmas after dumping Bank fashion chain
JD Sports has reported a sales surge across the Christmas trading period after offloading its struggling young fasion fascia Bank.
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NewsPhase Eight poised for African expansion after Foschini buys the retailer
Phase Eight will be sold to South African retailer Foschini Group in a deal valuing the upmarket women’s fashion retailer at £300m.
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NewsSainsbury's to drop Tesco auditor PwC in favour of Ernst & Young
Sainsbury’s is dropping PricewaterhouseCoopers (PwC), which also audits the accounts of scandal-hit Tesco, as its auditor in favour of Ernst & Young (EY).
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NewsMothercare third-quarter like-for-likes up as turnaround plan continues
Mothercare has reported like-for-likes rose 1.1% in the UK for its third quarter as it continues its plan to turn the business around.
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NewsArgos Christmas like-for-likes flat as Black Friday hits sales patterns
Argos’s like-for-likes were flat for the 18 weeks to January 3 as Black Friday ‘significantly impacted’ the shape of sales over Christmas.
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NewsPrimark reports sales rise of 15% after 'strong' Christmas trading
Primark has reported its sales were up 15% for the 16 weeks ending January 3, driven by increased selling space and high sales densities.
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OpinionComment: Morrisons can succeed again if it is bold enough
A disappointing Christmas may have sealed his fate, but history may come to look more favourably on Dalton Philips’s tenure at Morrisons.
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AnalysisAnalysis: How Morrisons intends to restore growth under new leadership
Morrisons has unveiled improved Christmas trading but shown the door to boss Dalton Philips. Retail Week examines the grocer’s plans for the future.
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OpinionComment: As Dalton Philips checks out, pressure may mount on Marc Bolland
The travails of Morrisons have cost chief executive Dalton Philips his job and some are asking whether M&S chief Marc Bolland may be next to go.
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AnalysisMorrisons: What the analysts say about Dalton Philips’ exit and trading
Retail analysts assess Morrisons’ prospects following its Christmas update and news that boss Dalton Philips will leave the grocer.
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NewsAsos reports increase in Christmas sales but margins hit
Fashion etailer Asos has reported its retail sales were up 15% over the Christmas period but margins were hit.
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NewsDebenhams posts Christmas sales rise but margins suffer
Debenhams generated a sales uplift over Christmas but suffered a hit to margins as its clothing performance proved “challenging”.
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NewsMorrisons boss Dalton Philips to stand down as Christmas like-for-likes drop
Morrisons chief executive Dalton Philips is to stand down as the grocer seeks to appoint a new leader to return it to growth.