All City & finance articles – Page 473
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NewsNext posts profit rise and warns that retail landscape has been transformed
Fashion giant Next has reported record profits but warned that the retail landscape has fundamentally changed.
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NewsSainsbury's Q4 like-for-likes up 1%
Sainsbury’s fourth quarter like-for-like sales grew 1% excluding fuel in the 10 weeks to March 19.
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News
Regional electricals chain bought out of administration
Norfolk-based electrical retail chain Bennetts has been bought by Lowestoft-based Hughes Electrical after it collapsed into administration earlier this month.
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NewsHMV shares rise as boss Simon Fox remains upbeat
HMV shares surged yesterday after chief executive Simon Fox remained upbeat on the entertainment retailer’s future.
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NewsPhones4U sold to private equity firm BC Partners
Private equity house BC Partners has bought mobiles specialist Phones4U for an undisclosed sum from Providence Equity.
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NewsAll Saints ‘on the brink’ of winning new investment
The future of All Saints was in the balance as Retail Week went to press.
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NewsManagement behind deal for Allied Carpets
Allied Carpets operations director Dean Weston is understood to have led Savana Trading’s purchase of the retailer, which was completed on Monday.
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NewsAlworths meeting in bid to secure business’ future
Alworths, the ‘son of Woolworths’ chain launched by a former Woolworths director, was due to meet with financial adviser Leonard Curtis to discuss its future as Retail Week went to press.
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NewsArgos to drive engagement with TV channel
Catalogue store group Argos is to launch a digital TV home shopping channel this summer.
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NewsLighting specialist Ryness deemed ‘attractive asset’ as it goes up for sale
Ryness Lighting & Electrical has been put up for sale by its private equity owner Epic.
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NewsPoor weather conditions hit Flying Brands’ profit
Multichannel retailer Flying Brands reported a fall in full-year group pre-tax profit as poor weather hampered its core gardening and flowers business during crucial trading periods.
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NewsFrench Connection to up sales densities
French Connection has vowed to drive sales densities in stores after its UK and European retail arm slipped into the red.
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NewsDebenhams on track for profit growth
Department store group Debenhams assured the City that interim profits would meet consensus and be ahead of last year.
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NewsMarkets are shaken by Japanese disaster
The earthquake in Japan shook the stock markets worldwide as investors assessed what the costs, commercial as well as human, might be.
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NewsMorrisons pushes online with stake in US etailer FreshDirect
Morrisons is expecting to circumnavigate the pain of setting up an online food operation with the lessons it will learn from buying a 10% stake in US etailer FreshDirect.
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NewsStore revamps at heart of JJB’s recovery plans
JJB Sports chief executive Keith Jones is confident that its new business plan can revive the ailing sportswear retailer, despite like-for-likes slumping 13.5% from January 24 to March 13.
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OpinionNew Malden turns to New York
Morrisons’ acquisition of a stake in New York online grocer FreshDirect came as a bolt from the blue.
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NewsBenetton profits dip
Benetton, the Italian-based fashion label, said profits for the full-year to December 31, 2010 was down on 2009 figures, largely due to rising raw material costs.
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NewsAllied Carpets sold by Hilco
Allied Carpets has been sold by restructuring firm Hilco to a consortium of private investors.
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AnalysisRETAIL 2011
The definitive report on the state of the retail industry, from the leaders in UK retail