All City & finance articles – Page 36
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AnalysisWhat to look out for in Next’s results after the washout weather for fashion retailers
Next will be hoping to wow shareholders with yet another stellar performance when it publishes its second-quarter update for the 26 weeks to July 27, 2024 on Thursday. But with washout weather dominating the months of April to July, has Next managed to weather the storm? Retail Week explores what might be coming next.
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NewsBoohoo lenders have tapped advisers to talk refinancing as debt deadline looms
Lenders to the Boohoo Group have reportedly drafted in advisers to discuss refinancing options for the business amid ongoing losses.
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NewsIceland has posted record profits as shoppers devoured its £1 range
Iceland has posted record profits as shoppers devoured its £1 range.
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NewsSupermarkets have been cleared in an investigation into loyalty card pricing
The competition watchdog has cleared the grocers having failed to find any widespread evidence of misleading loyalty promotions in the industry.
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NewsParcel delivery giant Evri has been snapped up by a private equity firm
Parcel delivery giant Evri is set to be sold to private equity firm Apollo.
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AnalysisLabour’s employment plans put it on a potential collision course with retail
As Labour hangs its hat on new employment legislation to show it means business in its first 100 days in government, it could be setting itself up for a run-in with the retail industry in future
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Opinion‘There’s a grim irony in Carpetright’s collapse, but don’t blame founder Lord Harris’
Carpet king Lord Harris built Carpetright, then went into business against it. As Tapi takes control of Carpetright assets from the administrator, some may see Harris as a Brutus figure – but that would be wrong, says George MacDonald
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NewsThe owner of Homebase is mulling a sale after a takeover approach from The Range
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.
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NewsCotton Traders’ sales and profits have dipped amid ongoing ‘macroeconomic turmoil’
Fashion retailer Cotton Traders has reported a dip in sales and profits for the 2023 full financial year amid ongoing “macroeconomic turmoil”.
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InterviewFrasers CFO on the key to Sports Direct’s success, new brands on Frasers Plus and the resilience of the luxury sector
As Frasers Group posts profits at the top of its guidance, Retail Week speaks to chief financial officer Chris Wootton to talk about the results, Frasers Plus, present and future acquisitions and more.
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NewsAmazon Prime Day UK spend reached ‘record highs’ this year
Amazon Prime Day UK consumer spend across two days saw “record highs” totalling £1.3bn, according to the latest data from Adobe Analytics.
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NewsDunelm sales have risen driven by a growth in volume
Homewares retailer Dunelm has reported a growth in sales in its last quarter and the full year as sales volumes grew despite uncertain market conditions.
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NewsFrasers has reported increased profit despite sales dip in ‘break-out’ year
Frasers Group has posted profit at the top of its guidance range despite a dip in sales for the 52 weeks ending April 2024.
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NewsRetail guru Mary Portas is backing a new campaign to block Shein's IPO
Say No to Shein has launched a new petition calling on the government to block the highly-anticipated IPO.
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NewsThe Body Shop is on the brink of being saved by a British tycoon led investment firm
Administrators of The Body Shop have entered into an exclusivity agreement with a consortium led by investment firm Auréa to secure the future of the beauty chain in administration.
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News'Fierce competition between retailers' helped keep inflation down in June
The rate of inflation in the UK held firm in June and in line with the Bank of England’s target, according to the latest data from the Office for National Statistics (ONS).
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InterviewQ&A: Ocado boss Tim Steiner on M&S, Getir’s UK retreat and listing in New York
Ocado Group boss Tim Steiner was in high spirits this morning after the business he founded posted a strong set of results for the first half of the year.
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AnalysisWho is the new Burberry boss and can he turn around Britain’s most famous luxury label?
As the page turns to a new chapter for Burberry following the departure of boss Jonathan Akeroyd and yet another profit warning, Retail Week takes a look at his successor, Joshua Schulman, and what to expect from him.
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NewsSosandar has unveiled its first UK store locations after posting ‘robust’ results
Online fashion retailer Sosandar has revealed where it will open its first bricks-and-mortar shops as it shifts to a multichannel model.