All City & finance articles – Page 38
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Opinion‘As Morrisons marks 125 years in business, how many newer retailers will enjoy similar lifespans?’
Retail thrives on the new but the businesses that last longest are founded on principles that never lose their relevance, observes George MacDonald.
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NewsLaura Ashley owners Gordon Brothers are in the running to rescue The Body Shop
A selection of private equity firms are in the running to rescue The Body Shop’s troubled high street business.
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NewsWalgreens abandons Boots sale plan for a second time
The American owner of Boots, Walgreens Boots Alliance, has shelved plans for a potential sale for the second time.
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NewsNike lowers guidance as it turns in flat sales performance
Nike has lowered its guidance for the upcoming financial year as it has reported a flat performance in sales.
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NewsMusic Magpie revenue declines as it banks on Black Friday boost
Music Magpie has reported a fall in revenues during the first half of the financial year
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AnalysisHow the spark’s being put back into electricals retail at AO, Currys and Marks
As three big names in the electricals sector post their full-year results, Retail Week takes a look at the themes driving success in a once floundering market.
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NewsBoots maintains 'positive momentum' as UK sales rise
Boots has reported growth in retail and pharmacy sales as its market share improved for the 13th consecutive quarter, in the three months to May 2024.
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NewsH&M posts ‘best results for many years’ despite weather warning
Swedish fashion giant H&M has reported its “best results for many years” during the second quarter.
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NewsMoonpig sales and profits rise driven by tech innovation
Online greetings card retailer Moonpig has reported a rise in full-year sales and earnings.
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NewsWatches of Switzerland says UK market ‘stabilising’
Luxury specialist Watches of Switzerland is “cautiously optimistic” about trading in the year ahead.
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News‘Soft’ start to year at Halfords as annual profits slide
Halfords said that tough trading conditions persist.
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NewsCurrys’ performance ‘strengthens’ as full-year earnings rise
Electricals giant Currys has has reported that trading momentum improved throughout last year although like-for-likes fell at its core UK division.
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NewsHuman rights group calls on regulator to block Shein’s London IPO
A UK-based human rights group is calling on the Financial Conduct Authority to refuse Shein’s application to list on the London Stock Exchange.
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NewsProCook to leverage AI and robotics to ‘become more efficient’
Specialist kitchen retailer ProCook has said it will look to use more AI, as well as machine learning and robotics, to “become more efficient” as it grows.
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NewsRevolution Beauty swings to profit as strategic focus pays off
Cosmetics retailer Revolution Beauty is back in the black after making “strategic and financial progress” during the year.
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NewsMarks Electrical ‘well positioned’ for market recovery after record year
Marks Electrical has said it is “very well positioned” for an electronics market recovery as sales jumped and its profits met expectations.
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NewsAO profits top guidance in year of ‘good progress’
AO has reported a surge in profits and maintained its guidance in a year of “good progress” at the domestic appliances retailer.
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NewsMatalan profits up as focus on full-price sales reaps rewards
Fashion retailer Matalan has reported a surge in profitability despite a dip in sales.
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NewsMorrisons’ sales and profits rise as focus on execution and loyalty pays off
Grocer Morrisons has reported a rise in quarterly sales and earnings, saying that listening to customers and other stakeholders is bearing fruit.
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NewsShein filed London IPO paperwork in early June
Fast fashion retailer Shein confidentially filed paperwork at the beginning of the month to kick off the process for a potential London IPO later in the year.