All City & finance articles – Page 417
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NewsSainsbury’s posts strong fourth quarter as full-year like-for-likes rise 1.8%
Sainsbury’s has reported a strong fourth quarter which contributed to a 1.8% rise in full-year like-for-likes, buoyed by a surge in own-brand sales.
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NewsArgos like-for-likes rise 5.2% as tablets drive sales
Argos like-for-like sales jumped 5.2% in the eight weeks to March 2 as sales of tablet devices drove a strong performance.
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NewsMorrisons enters talks with online grocer Ocado as profits fall
Morrisons has entered discussions with online grocer Ocado to kick-start its online grocery offer after profits fell last year.
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InterviewQ&A: French Connection chief executive Stephen Marks on its full-year results
French Connection posted a £7.2m loss this morning, six months after outlining its turnaround plans. The fashion retailer’s boss Stephen Marks speaks to Retail Week.
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NewsHalfords appoints Pets at Home's Rob Swyer as its retail director
Halfords has poached Pets at Home business development director Rob Swyer, who follows his former boss Matt Davies to the car parts and bikes retailer.
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OpinionComment: Retailers cannot live by celebrity endorsements alone
From Dannii Minogue to the Kardashians, celebrities from all walks of life seem to have their own fashion lines at the moment.
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AnalysisAnalysis: What Republic will bring to Mike Ashley’s empire
The Sports Direct acquisition of young fashion retailer Republic will bring it into even fiercer competition with rival JD Sports.
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NewsThe Hut Group appoints Richard Pennycook as chairman
Online retail business The Hut Group has appointed outgoing Morrisons group finance director Richard Pennycook as its chairman as it prepares to float on the Stock Exchange.
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NewsPawnbroker H&T full-year profits plunge as gold margins squeezed
Pawnbroker H&T Group full-year pre-tax profits plunged 27.7% to £17m due to “competitive gold margins” and store expansion costs.
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News
Printemps owner, Borletti Group enters talks with Qatari Holdings
The owner of the French department store group Printemps, Italy’s Borletti Group, has entered exclusive talks with Qatar’s sovereign wealth fund, Qatari Holdings (owner of Harrods in the UK) to discuss a takeover.However, last week the tussle for Printemps took a new turn. France’s largest department store group, Galeries Lafayette, ...
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OpinionComment: Debenhams' problems amount to more than just snow
With its surprise update this morning, on January like-for-likes falling around 10%, Debenhams won the unwanted distinction of being the first retailer of the year to complain about the snow.
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AnalysisDebenhams boss Michael Sharp: profit warning 'does not diminish long term growth prospects'
Department store Debenhams chief executive Michael Sharp insisted today’s shock profit warning was due to a “one-off issue” caused by January’s snowfall, the impact of which will be felt across the high street. Retail Week speaks to Sharp.
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AnalysisDebenhams' profit warning: What the analysts say
Debenhams today issued a first half profit warning as it blamed the snow for impacting sales. Retail Week takes a look at what the analysts say.
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NewsTreasury considers business rates rethink as pressure from retailers grows
The Treasury is studying ways to reduce the burden of business rates as the Government comes under pressure from retailers ahead of this month’s Budget.
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NewsAgricultural retailer Countrywide breaks into first half profit
Agricultural retailer Countrywide has broken into first half profit after investing in lowering prices and improving stores.
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OpinionComment: Philip Clarke: leading the charge
Tesco Group Chief Executive Philip Clarke was in the headlines again this week after making a rousing speech at the National Farmers Union (NFU) Conference regarding the nation’s on-going ‘horsegate’ scandal.
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NewsSports Direct founder Mike Ashley sells £100m of shares
Sports Direct founder Mike Ashley has sold £100m worth of shares in the retailer cutting his stake down to 64.4%.
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NewsUnited Carpets' share suspension lifted after administration
United Carpets Group has relisted its shares after a controversial pre-pack administration in which the company acquired its assets back from the administrators.
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NewsPrimark rules out retail park expansion despite debut success
Primark finance boss John Bason has ruled out widespread expansion in retail parks despite the success of its Milton Keynes debut.
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NewsConvenience retailer Nisa secures £100m of funding from Barclays
Convenience store retailer Nisa has secured £100m of refinancing from Barclays as the grocer’s sales continue to surge.