All City & finance articles – Page 449
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NewsCarpetright Ireland business in recovery despite group profit warning
Carpetright issued a profit warning on Tuesday despite an improving sales trend that included a double digit like-for-like increase in the tough Irish market.
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NewsAmazon widens its sporting range in time for Olympics
Amazon has thrown down the gauntlet to sports specialists as it expands its range in the category in expectation of a spending surge during the Olympics.
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NewsGame confirms review of overseas business
Game has said it has put its overseas operations under review, confirming Retail-Week.com’s story yesterday.
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NewsTesco moves UK operations head Robbins
Tesco chief operating officer Bob Robbins will move roles within the business just three weeks after it was revealed he sold stock ahead of a profit warning.
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NewsOcado pre-tax losses narrow
Ocado’s full-year pre-tax losses have slimmed to £2.4m from £12.1m in 2010 while sales grew.
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OpinionOcado blow as FD departs
News editor Nicola is has worked on the news desk at Retail Week for three years, covering property, furniture, DIY, and entertainment.
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NewsChristmas updates boost store stocks
As the Christmas trading season drew to an end, retailers of all sorts were in fashion.
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NewsDeadline for Peacocks bids looms as other retailers target the stores
Private equity firms including Permira and Cinven are understood to have ruled out buying Peacocks, while other investment firms and retailers eye its stores.
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NewsPrimark optimistic for 2012 after strong sales
The squeeze on consumers will lessen in 2012, directors of Primark’s parent company believe.
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NewsFlying Brands sales fall
Flying Brands suffered a fall in sales over Christmas from £4.47m to £3.29m.
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NewsMatalan asks banks to loosen covenants
Matalan has asked its banks to loosen its covenants on debt incurred in 2010.
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NewsPoundland posts positive Christmas
Poundland enjoyed a “very encouraging” Christmas with like-for-like sales up 5.9%.
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NewsHMV granted breathing space by banks
UPDATED: Struggling entertainment retailer HMV has revealed its banks have relaxed its terms and given it more headroom in a move that will have a “materially positive impact on the Group’s profitability and cash flow”.
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OpinionDuddy must stop Argos’s slide
News editor Nicola is has worked on the news desk at Retail Week for three years, covering property, furniture, DIY, and entertainment.
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AnalysisLike-for-like sales: What do retailers need to know?
With the Christmas battle for spend over how can observers tell who performed best? Are like-for-likes the ideal measure or are they just part of a bigger picture?
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NewsBuffett ups stake in Tesco
Billionaire investor Warren Buffett has increased its shareholding in Tesco.
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OpinionRetailers hold firm as Tesco tailspins
George MacDonald has written for Retail Week for more than 10 years, covering various sectors. He is a frequent TV and radio commentator on retail trends and issues.
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NewsTesco defends Robbins shares sale
Tesco has refuted allegations that its chief operating officer sold £202,000 of shares in the knowledge the retailer’s stock market value was set to plummet.
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OpinionIs there really appetite for investment in retail?
So 2012 opens up before us and, if we’re to believe the Mayans, we could be witnessing the last set of post-Christmas retail figures this side of the Apocalypse.
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AnalysisTesco's prospects: The City view
Tesco’s poor Christmas trading update wiped £5bn off the company’s stock market value yesterday in what is being dubbed a ‘Black Thursday’ for retail.