All City & finance articles – Page 5
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NewsFenwick slashes losses as focus on sales and margin builds momentum
Department store group Fenwick has delivered a significant improvement in financial performance, Retail Week can reveal.
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NewsOka losses narrow as premium homewares market proves ‘resilient’
Luxury homewares brand Oka has reported flat sales and narrowing losses for the year, with its chief executive highlighting the “resilience” of the premium end of the home market.
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NewsNew Weird Fish owner plots acquisition spree
The new owner of womenswear retailer Weird Fish is plotting a spending spree as it looks to build a portfolio of leading lifestyle and fashion brands.
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NewsVery Group delivers record earnings after ‘year of real progress’
The Very Group has hailed “a year of real progress” after it posted its highest EBITDA margin recorded in the online group’s 22-year history.
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NewsNeptune hails return to 'historic levels' of EBITDA
Chief executive of premium home and furniture brand Neptune announced that momentum at the retailer had returned as it reached the end of its financial year.
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NewsShoe Zone sales drop as it awaits Budget before giving future outlook
Shoe Zone has seen a decline in revenue as it battles with store closures, declining consumer confidence, and effects from the last autumn Budget.
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NewsDunelm sales increase as it invests in new app
Homewares retailer Dunelm has reported an increase in sales, driven by higher volumes sold and investment in its app.
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NewsWickes sales grow across all aspects of its business
Wickes has reported growth across all areas of its business, led by volume sold.
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NewsGousto sales jump as it expands next-day delivery
Meal delivery firm Gousto says it has “decoupled from its direct competition”, after reporting 11% sales growth in the first half of the year despite a “flat lining” economy.
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NewsRetail sector struggles with weak consumer sentiment as profit warnings surge
Profit warnings issued by listed retailers were up double for the same period in 2024, according to new data from EY.
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NewsB&M CFO resigns as international freight issue sees profit forecast trimmed
Value retailer B&M has announced the resignation of its chief financial officer, after an issue with international freight costs caused it to revise its profit forecast for the financial year.
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Opinion‘Who’d begrudge Archie Norman more years at the top of Marks & Spencer?’
The extension of Archie Norman’s tenure as chair of the famous retailer may not be the governance norm but few will be bothered by that, believes George MacDonald
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NewsIkea sees sales decrease in UK, citing weak economy
The furniture retailer announced retail sales of £2.25bn in its 2025 financial year, which runs to August, down by 2.1% on the year before.
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NewsBain forecasts “subdued” festive sales growth in the UK
The management consultancy firm says that “poor consumer confidence and ongoing economic uncertainty” means most sales growth with likely be due to inflation, with sales volumes set to decrease, Retail Week can reveal.
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NewsProCook posts record first-half performance
ProCook has seen sales climb for its eighth consecutive quarter as its store and marketing strategies pay off.
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NewsSosandar returns to revenue growth in first half
Fashion retailer Sosandar has reported that it was back in growth in the first half of its financial year.
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NewsMarks & Spencer extends chair Archie Norman’s tenure
Marks & Spencer chair Archie Norman is to stay in post for an extended period so the retailer can benefit from his “continued strong leadership”.
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NewsTHG reports ‘best quarter’ of trading in four years
Online beauty and nutrition group THG has reported its “strongest quarter of organic sales growth” since 2021.
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NewsIceland boss says private equity firms causing ‘death of the high street’
Iceland boss Richard Walker has said private equity ownership in the UK has caused more damage to retail than any other entity.
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NewsRetail group behind Wilko and The Range returns to profit
The retail group consisting of The Range, Wilko, and more recently Homebase, has seen a return to profit.