All City & finance articles – Page 372
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NewsDebenhams' like-for-likes edge up following focus on full-price sales
Debenhams said its turnaround strategy is bearing fruit after like-for-like sales edged up as it launches Sports Direct and Costa coffee concessions in store.
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CartoonBlower's retail cartoon: Simon Arora cashes up as B&M floats for £2.7bn
Retail Week’s cartoonist Patrick Blower’s take on B&M’s £2.7bn flotation and the resulting financial windfall for Simon Arora.
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OpinionComment: Working with private equity partners can be beneficial for retailers
Some of retail’s outstanding success stories have come from the private equity world, says BrightHouse chief executive Leo McKee.
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NewsClothing retailer Lakeland Leather collapses into administration
Lakeland Leather, a family-owned clothing retailer based in the north of England, has collapsed into administration putting 200 jobs at risk.
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NewsSports Direct acquires 4.8% stake in newly floated MySale
Sports Direct has acquired a 4.8% stake in Sir Philip Green-backed etailer MySale and plans to use it as a platform to sell in Australasia.
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NewsBlue Inc opts for private share sale instead of IPO amid turbulent market
Fashion retailer Blue Inc has opted not to pursue an IPO and instead intends to place shares privately with new investors, it is understood.
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NewsN Brown to revamp JD Williams to attract younger-minded shopper
N Brown is vying to modernise JD Williams to become a more digitally led business and to better connect with its younger-minded customers.
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NewsN Brown like-for-likes edge up as it vies to modernise its brands
Home shopping group N Brown’s like-for-likes edged up 2.5% in its first quarter as moves to modernise its brands pay off.
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NewsGovernment rejects idea to replace business rates with a sales tax
The Government has rejected calls to replace business rates with a tax on sales, as suggested by the retail inquiry.
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NewsEarnings fall at Iceland as it invests for growth at home and abroad
Frozen food specialist Iceland has posted a fall in annual earnings as investment was made in the business.
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OpinionComment: As shares in newly listed retailers fall post-IPO, who’s selling retail?
There’s a paradox at the heart of the recent wave of IPOs: retailers are welcomed to the market, followed by a fall in share price.
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OpinionComment: Bestseller - a rising power in online retail
Scandinavia has often punched above its weight in retail and perhaps a new, less familiar name, is poised to make a big impact.
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NewsJD Sports sales boosted by the build up to the World Cup
JD Sports said it is “pleased” with its performance as the sports retailer revealed the build up to the World Cup boosted like-for-like sales.
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Analysis
Analysis: How the pre-pack administration process could be improved
In a Government commissioned review, accountant Teresa Graham made six recommendations designed to improve the sometimes controversial pre-pack administration process - a process that has been frequently used in retail.
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NewsMajestic Wine's full-year results: What the analysts say
Majestic Wine’s profit was flat at £23.8m in what it described as a “difficult trading year”. Retail Week looks at what the analysts said.
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NewsB&M management domicile the discount chain in Luxembourg
The management of B&M have domiciled the discount chain, which debuted on the London Stock Exchange at a value of £2.7bn, in Luxembourg.
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NewsDanish giant Bestseller buys fashion etailer MandM Direct
Danish giant Bestseller is to buy etailer MandM Direct for £140m, putting an end to the etailer’s plans to float later this month.
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NewsDebenhams in talks to hire former New Look finance boss Alastair Miller
Former New Look finance boss Alastair Miller has emerged as one of the candidates to replace Debenhams finance director Simon Herrick.
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NewsMajestic Wine profits flat during 'difficult' year as it vows to invest
Majestic Wine profit remained flat at £23.8m during a ‘difficult trading year’ as it vows to up investment in the current year.
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NewsBreakfast briefing: Retail news on Aldi, Debenhams, Mamas & Papas and The Co-op
Retail news round-up on June 16, 2014: Aldi to double store numbers, ex New Look finance boss in line for Debenhams job and Liberty owner BlueGem in talks to rescue Mamas & Papas.