All City & finance articles – Page 375
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AnalysisTesco in turmoil: What the analysts say
Tesco’s has warned on profits and new chief executive Dave Lewis has been parachuted in a month early. Here’s what City analysts are saying.
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NewsTesco issues profit warning as new boss Dave Lewis parachuted in month early
Tesco has issued a profit warning today, as it parachutes in new chief executive Dave Lewis on Monday, a month earlier than originally planned.
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NewsH Samuel owner Signet posts sales surge in second quarter
Signet’s UK division, which comprises H Samuel and Ernest Jones, posted total sales up 17% to $162.9m (£98.3m) in its second quarter.
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NewsAlibaba profits triple to £1.2bn as it prepares to float in the US
Chinese ecommerce giant Alibaba has almost tripled its profits as it prepares for a float on the US stock exchange that could value it at $200bn.
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NewsBreakfast briefing: Retail news on Asos, Zara and Matalan
Retail news round-up on August 28, 2014: Shares in Asos surge on bid rumours; Zara withdraws holocaust-like pyjamas and Matalan criticised for size of donation to Rana Plaza compensation fund.
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OpinionComment: Might Morrisons finally be fending off the Aldi and Lidl threat?
Today’s Kantar grocery market data told another tale of discounter growth as sales at Aldi and Lidl surged once again, but Morrisons may be quietly pleased.
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NewsTK Maxx owner to open raft of new stores as sales increase 6%
TJX Europe, the parent company of TK Maxx and HomeSense, recorded a jump in like-for-likes as it prepares to roll out new stores.
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NewsMcColl's makes 'good progress' as sales jump in third quarter
McColl’s said it made “good progress” in its third quarter to May 26 as total sales jumped 4.3%.
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NewsInfographic: John Lewis sales surge 13.4% helped by 'good retailing weather'
Department store John Lewis sales surged 13.4% to £74.5m last week helped by “good retailing weather” as its second half gains momentum.
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NewsBurberry boss Christopher Bailey sells more than £5m of company's shares
Burberry chief executive Christopher Bailey has pocketed more than £5m from selling shares in the luxury retailer yesterday.
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NewsBreakfast briefing: Retail news on Burberry, eBay, Co-op and Gap
Retail news round-up on August 22, 2014: Burberry boss cashes in £5.19m in share sale, eBay eyes PayPal sale, Co-op Bank shareholders call for speedier overhaul and Gap targets India.
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AnalysisComment: Retailers should focus on their strategy and forget competition
Retailers must remember that while competitive pricing is important, remaining focused on their core offering and target market is essential.
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NewsWHSmith to hit year-end expectations as it delivers 'good performance'
WHSmith expects to hit year-end market forecasts as its travel and high street businesses deliver “good performances”.
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OpinionComment: Retailers’ thoughts turn to the crucial Christmas period
Thoughts of the crucial Christmas trading period begin to loom large for the sector, amid warnings of another unspectacular festive period.
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NewsHobbs' unpopular product changes lead to spiralling losses
The unpopular changes Hobbs made to last autumn’s collection led to losses spiralling in its full year, but it feels confident its product “refocus” will improve performance.
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NewsHeavy fashion discounting slows July consumer price growth
Consumer price inflation slowed at a sharper-than-expected rate to 1.6% in July driven by a significant drop in clothing prices.
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NewsBreakfast briefing: Retail news on footfall, Morrisons and business rates
Retail news round-up on August 18, 2014: Footfall drops 0.6% in July, Morrisons extends opening hours across half its estate, Business rates appeals to cost £4.2bn.
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NewsInfographic: John Lewis sales jump 6.1% in face of hurricane Bertha
John Lewis sales increased 6.1% to £69m for the week to August 9 as consumers battled hurricane Bertha to go shopping or turned to online.
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NewsToys R Us records fourth consecutive fall in UK profits
Toys R Us has recorded a fourth consecutive profit drop in the UK as pre-tax profits for the year ending February 1, 2014 fell 24% to £4.55m.
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NewsBreakfast briefing: Retail news on Toys R Us, Asda and John Lewis
Retail news round-up on August 15, 2014:Toys R Us profits fall for fourth consecutive year, Asda boss Andy Clarke predicts Christmas growth and John Lewis Partnership beats Bertha and capitalises on Bake Off return.