All City & finance articles – Page 413
-
NewsDixons in 'best shape' as it gains market share from collapsed Comet
Dixons Retail is in the “best position it has been in for many years” following market share gains after the collapse of rival electricals retailer Comet last year.
-
OpinionComment: Grocer Morrisons needs to keep pace with competition
A minus sign in front of a retailer’s like-for-like sales figures does not prompt investors to fill their shopping trolleys with stock.
-
NewsFrench Connection like-for-likes improve in first 15 weeks of year
Trading at French Connection’s difficult UK and Europe retail business has improved as the retailer recorded flat like-for-like sales in the 15-weeks to May 11, 2013.
-
OpinionComment: Management changes at Jack Wills hint at global aspirations
Jack Wills has just announced some more high-level changes to its management team as the company prepares for its next phase of expansion.
-
AnalysisAnalysis: Is Lord Wolfson’s bonus gift to Next staff a new trend?
Next chief executive Lord Wolfson made headlines with his unprecedented decision to share a £2.4m bonus among staff.
-
OpinionComment: The Morrisons message has been drowned out by rivals
Morrisons reported yet another declining quarter of like-for-like sales this morning, its fifth back-to-back decline excluding fuel and is continuing to lose customers to rivals.
-
OpinionComment: Argos’ digital quest for success
Despite improvement at the flagship Argos business, parent Home Retail’s shares fell after its full-year results.
-
AnalysisMorrisons first quarter: What the analysts say
Morrisons today reported a 1.8% fall in first quarter like-for-likes but remained tight-lipped on a potential tie up with Ocado, Retail Week summarises the City’s reaction to the update.
-
NewsSuperGroup like-for-likes up 5% in fourth quarter as it hits expansion trail
SuperGroup sales soared 15.3% over its fourth quarter and retail like-for-likes advanced 5% as it prepares to start a store opening spree.
-
AnalysisAnalysis: What does Sainsbury’s banking acquisition mean for the retailer?
Sainsbury’s today reported it is to acquire the 50% of its shareholding in Sainsbury’s Bank it did not own from Lloyds Banking Group for £248m. Retail Week looks at the implications.
-
OpinionComment: Boss Justin King rules over Sainsbury’s success
In posting a 6.2% rise in underlying pre-tax year-end profits, Sainsbury’s deflected some attention away from the rumours surrounding Justin King’s eventual departure.
-
AnalysisNext first quarter: What the analysts say
As Next reported a 2.2% sales in its first quarter despite the unseasonable weather, Retail Week summarises the City’s reaction to the update.
-
AnalysisSainsbury's full year results: What the analysts say
Sainsbury’s has today reported a 1.4% fall in pre-tax profit to £788m for the year to March 16 while like-for-likes including VAT and excluding petrol were up 1.8%. Retail Week takes a look at the City reaction.
-
NewsMorrisons scraps chief executive Dalton Philips' bonus
Morrisons chief executive Dalton Philips has missed out on his annual bonus as the grocer’s directors paid the price for its underperformance.
-
NewsFrench Connection hires new finance director from O2
Embattled fashion retailer French Connection has recruited new group finance director Adam Castleton from telecommunications firm O2.
-
NewsNext sales up but retailer remains cautious as wages decline
Next overall sales were up 2.2% in the 14 weeks to May 4 driven by new store openings.
-
InterviewQ&A: Shapland on Carpetright's new hire and Lord Harris taking a step back
Carpetright today appointed former Tesco executive Graham Harris as trading director, to take over some of the responsibilities of chairman Lord Harris, who is taking a step back from the business. Retail Week speaks to chief executive Darren Shapland.
-
OpinionComment: Argos proves to be Home Retail Group’s white knight
It’s just been announced that Home Retail Group’s annual sales have stayed more or less flat at £5.48bn, with pre-tax profits rising from £104m to £130m.
-
NewsLord Harris takes backseat as Carpetright rejigs board
Carpetright founder Lord Harris is to scale back his day-to-day involvement in the retailer, which has reshuffled boardroom responsibilities.
-
OpinionComment: Asos’ entrepreneurial culture delivers retail success
A fall in basket value might be a worrying sign at some retailers but at online fashion specialist Asos it does not look like a problem.