All City & finance articles – Page 393
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NewsHome Retail appoints Argos boss John Walden as chief executive
Home Retail has appointed Argos boss John Walden as its new chief executive as it reveals sales growth at its fascias.
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NewsPrimark delivers 'excellent' Christmas with sales up 12%
Primark has recorded Christmas sales up 12% and expects its profit to be well ahead of last year, and margin higher than expected.
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NewsLaura Ashley disposes of Moss Bros stake
Homewares retailer Laura Ashley has disposed of its stake in formalwear specialist Moss Bros.
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NewsFindel secures new funding to support growth at Express Gifts
Home shopping group Findel has secured extra funding to invest in its growing Express Gifts catalogue business.
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OpinionComment: Retail's New Year hangover
Before Christmas the UK retail sector was in relatively high spirits. After a mixed year forecasts of 3.5% growth promised a record-breaking December in which sales could top £40bn. However, in the cold light of New Year many are facing a reality check.
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NewsBurberry Christmas sales up 14% driven by online
Burberry revealed sales in its third quarter surged 14% driven by online but warned current exchange rates would be a headwind in its second half.
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NewsBreakfast briefing: Retail news on Sainsbury's, Asda and Scottish retail sales
Retail news round-up on January 15, 2014: Sainsbury’s sales beat Asda for the first time in a decade, Scottish retail sales down.
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OpinionNick Bubb’s verdict: Asos - UK good, overseas bad?
The City is a hard taskmaster and it found reasons to be disappointed in Asos’s overseas sales growth today, but there’s no stopping the UK.
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NewsConvenience store giant McColl's posts strong Christmas sales
Convenience store and newsagents group McColl’s has reported a rise in festive sales as it eyes a float.
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NewsMoss Bros to beat profit forecast after stellar Christmas
Menswear retailer Moss Bros expects to beat full-year profit forecasts after posting a surge in Christmas sales.
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NewsAsos sales surge as Christmas shoppers flock online
Fashion etailer Asos has reported a jump in festive takings as shoppers went online and spurred a retail sales rise of 38% to £335.7m.
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OpinionComment: Why has Mike Ashley's Sports Direct bought a stake in Debenhams?
Sports Direct’s raid on Debenhams to pick up a stake of almost 5% makes tycoon Mike Ashley’s business the fifth-biggest shareholder in the department store business.
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AnalysisSports Direct's stake acquisition in Debenhams: What the analysts say
Sports Direct revealed this morning that it has taken a surprise 4.63% stake in troubled department store group Debenhams. Retail Week takes a look at the City reaction.
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NewsMike Ashley's Sports Direct acquires 4.63% stake in Debenhams
Mike Ashley’s Sports Direct has acquired a 4.63% in troubled department store group Debenhams.
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NewsJD posts increase in like-for-like sales over Christmas
JD Sports Fashion has reported a step up in like-for-like sales growth over Christmas, aided by a strong performance in its core sports arm.
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OpinionComment: For Next, imitation may offer more than just flattery
Next, the UK’s second largest clothing retailer, has raised its profit forecast following strong Christmas sales.
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NewsCold Christmas for retail as sales growth stalls
Retailers’ hopes for a winning Christmas have been dashed after food suffered its worst performance for five years and non-food was saved by online.
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OpinionBlog: Marks & Spencer's tale of two Christmases
Marks & Spencer told a tale of two Christmases when it posted seasonal figures today.
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AnalysisMarks & Spencer third quarter update: What the analysts say
Marks & Spencer today revealed struggling general merchandise sales pulled down its third quarter performance which it blamed on a warm October and pre-Christmas disocunting. Retail Week takes a look at what the analysts say.
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NewsM&S forced into Sale early by 'unprecedented' level of promotions, says Bolland
Marks & Spencer boss Marc Bolland said the retailer tried to hold its nerve over Christmas promotions but was forced into Sale early by “unprecedented” promotional activity.