All City & finance articles – Page 431
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OpinionComment: Reducing store portfolio may challenge retailers
Many retailers have recognised the power of ecommerce to drive sales and offer a compelling and convenient way for their customers to shop.
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AnalysisNext: What the analysts say
Retail Week rounds up how analysts have reacted to Next’s strong growth in the first half of the year, with the fashion retailer reporting total sales up 4.5% for the six months to July 28.
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NewsFlying Brands closes plant growing business as it "considers strategic options"
Flying Brands closed its growing and live despatch business yesterday following the sales of its Gardening Direct retail arm last month.
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NewsNext raises profit target after strong online growth
Next has raised its profits forecast for its second half after strong growth in its Directory business in the first half.
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NewsHarrods owners pay themselves £100m dividend
Harrods’ Qatari owners paid themselves a £100.5m dividend after the retailer posted record profits in its last financial year.
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NewsCo-operative Group secures £950m in refinancing deal
The Co-operative Group, which includes the food retailer The Co-operative Food, has agreed a £950m refinancing deal with a group of banks led by Barclays.
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NewsJJB appoints former La Senza director as interim chief executive
Embattled sports retailer JJB Sports is understood to have appointed former La Senza commercial director Beverley Williams as interim chief executive following the sudden departure of Keith Jones on Friday.
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NewsCarphone Warehouse posts like-for-like sales fall
Carphone Warehouse posted a better-than-expected like-for-like sales fall of 2% in Europe in the first quarter to June 30.
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NewsUPDATED: JJB Sports boss Keith Jones stands down
Struggling retailer JJB Sports’ chief executive Keith Jones has stepped down from his role after a string of profit warnings and a call for emergency fundraising last week.
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NewsShop Direct earnings soar as new brands outperform
Tight stock control and efficient management of customer credit boost home shopping giant.
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NewsWickes like-for-likes down 8.8%
Travis Perkins’ retail division, which largely comprises Wickes, saw like-for-likes drop 8.8% in its first half as the business plots its first overseas expansion, in the Netherlands.
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NewsHMV plans Stock Exchange listing change to speed up Live disposals
Entertainment retailer HMV is planning to transfer its Stock Exchange listing category on the Official List from premium to standard.
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NewsFindel sales jump 8% as turnaround gains pace
Home shopping group Findel sales jumped 8% year on year in the 16 weeks to July 25 as its turnaround gained traction.
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NewsFall in store numbers reflects high street woes
Store numbers fell for the first time in three years in the second quarter.
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OpinionComment: Halfords gears up for the future
It is a cruel irony that the week that Bradley Wiggins became the first Brit to win the Tour de France, the boss of the biggest bike seller in the country was handed his P45.
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AnalysisCarpetright: What the analysts say
Carpetright reported a positive first quarter aided by wet weather driving shoppers in store. The City welcomed the ‘solid’ set of results.
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NewsWet weather gives Carpetright a first quarter boost
Carpetright’s UK like-for-likes edged up 1.7% in its first quarter as the wet weather drove customers into stores.
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InterviewQ&A: Dennis Millard, Halfords executive chairman
Yesterday, Halfords chairman David Millard took the helm of the business as it revealed chief executive David Wild was departing amid a profit warning in its first quarter update. Retail Week speaks to Millard about his interim executive chairman role and who he wants to lead the business’ new strategy.
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OpinionComment: Halfords - Are the wheels coming off?
The Aztecs used to indulge in a bit of human sacrifice to appease the gods and it has become customary for companies to imitate the process when it comes to issuing repeated profit warnings.
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NewsSports Direct profits up as online sales rocket
Sports Direct achieved a “record” year with pre-tax profits rising by almost 25% driven by a bumper year for online sales.