All City & finance articles – Page 414
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NewsArgos to confront showrooming by introducing free instore Wi-Fi
Argos is to confront the trend of showrooming head on in a vote of confidence in the continued appeal of its retail proposition.
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NewsHomebase boss: 'We performed as well as we could in a tough market'
Homebase managing director Paul Loft insisted the DIY retailer performed “as well as we could” in a difficult market after reporting a full year profit slump.
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Analysis
Home Retail full-year results: What the analysts say
Argos revealed its first like-for-like rise in five years this morning, however profits at its parent Home Retail slumped 10%. Retail Week takes a look at the analyst reaction
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NewsArgos reports first like-for-like rise in five years driven by multichannel
Argos has recorded its first like-for-like sales rise for five years as the general merchandise retailer grew its multichannel business.
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NewsCarphone Warehouse to acquire Best Buy’s stake in joint venture
Carphone Warehouse has agreed to acquire the 50% of its European joint venture with Best Buy it did not already own for £471m.
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NewsOcado dismisses speculation of sale to Morrisons
Ocado has moved to quash speculation that Morrisons is interested in acquiring or taking a stake in the online grocer.
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News
JCPenney unveils plans to enhance financial position
Troubled department store group JCPenney has unveiled plans to enhance its financial position, having burned through $10m (£6.56m) in the fiscal year ended February 2, prompting liquidity concerns. As part of the process, the retailer has drawn $850m (£556.7m) from its $1.85bn (£1.21bn) committed revolving credit facility. Proceeds will fund ...
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NewsCompany profile: Beales
After several tough years the retailer’s new chief executive is trying to get sales moving.
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OpinionComment: How the retail sector rates as an investment opportunity
Investor and author Robert Allen once asked: “How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.”
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OpinionComment: Next Boss Wolfson’s bonus decision has wider implications
Next boss Lord Wolfson’s decision to share a £2.4m bonus with staff was not only eye-catching, it caught the mood of the times too.
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News
Rewe Group to invest in small online companies
Rewe Group is to invest in small online companies to gain ground in ecommerce.“We want to establish sort of a business incubator for start-ups,” chief executive Alain Caparros told business title Wirtschafts Woche. He said that Rewe may have underestimated the dynamics of online operations.Rewe also wants to extend its ...
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NewsN Brown scales back catalogues as it benefits from online revolution
Home shopping group N Brown is scaling back catalogues as online sales soar.
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NewsAsos international boss Jon Kamaluddin to exit after nine years
Asos international director Jon Kamaluddin is to exit after nine years with the online retailer.
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NewsSports Direct profits soar due to 'resilient business model'
Sports Direct retail gross profit soared 22.7% to £104.8m in the nine weeks to March 31 as its business model proved resilient, according to chief executive Dave Forsey.
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NewsCarpetright eyes beds market share after Dreams contraction
Carpetright has said it is ready for the “fight” in beds after market leader Dreams axed a third of its portfolio last month.
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NewsCarpetright like-for-likes increase spurred by weather and refits
Carpetright has recorded a 5.6% rise in UK retail like-for-like sales in the fourth quarter as the cold weather and store refurbishment programme drew custom.
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NewsPrimark posts 7% rise in first-half like-for-likes as profits rise
Primark has reported a 7% rise in like-for-like sales in the first half while operating profits rose 55% to £238m from £154m in the same period last year.
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OpinionComment: SuperGroup lives up to its name with ambitious plans for growth
SuperGroup, owner of the Superdry fashion brand, has just announced plans to support future growth with a new 500,000 square feet distribution centre as part of the company’s next major phase of development.
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NewsVideo: Analysts debate Tesco’s US exit, UK store refresh and space race
Alex Lawson asks Panmure Gordon investment analyst Philip Dorgan and Verdict Research senior retail analyst Andrew Stevens whether Tesco is enacting the right strategy.
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NewsDebenhams blames snow for first-half profits fall
Department store group Debenhams’ pre-tax profits fell 5.4% to £120.3m in its half year as snowfall hampered sales in January.