All City & finance articles – Page 53
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Opinion‘Under new management, customer complaints are music to the ears at Morrisons’
It was Microsoft tycoon Bill Gates who said “your most unhappy customers are your greatest source of learning” – now Morrisons seems to be taking the same view.
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NewsMorrisons hails ‘strongest’ sales growth in three years
Supermarket giant Morrisons has hailed its strongest like-for-like sales growth in three years in the first quarter of the financial year under new boss Rami Baitiéh.
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NewsExclusive: Uniqlo unveils 7% staff pay rise and rolls out new benefits
Fashion giant Uniqlo is to increase the hourly wage of its retail staff across the UK by 7%, as well as rolling out a series of new employee benefits, Retail Week can reveal.
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NewsRevolution Beauty raises profit and sales guidance as trading picks up
Revolution Beauty has raised both its full-year profit and sales guidance after a marked improvement in trading since its Capital Markets Day back in February.
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NewsH&M profits soar as giant focuses on ‘driving profitable growth’
Swedish fashion giant H&M has reported soaring profits in the first quarter of the year, despite a dip in sales.
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NewsPets at Home comfortable on outlook as financial year closes
Pets at Home anticipates that profits for the year just ended will meet guidance and said it is “comfortable” with expectations for the year to come.
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NewsAsos to hit profit guidance despite sales fall
Fashion specialist Asos has reported a fall in sales but expects to meet full-year profit expectations as it makes “good progress” with its turnaround strategy.
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NewsOcado sales and volumes rise in ‘strong start’ to year
Online grocer Ocado has reported a good beginning to its new financial year as its key metrics advanced.
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NewsKingfisher cautious on outlook as international sales slip
Kingfisher is remaining cautious on its outlook for the next financial year after it saw total and international sales slip.
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NewsVirgin Wines ‘optimistic’ about future growth as sales increase
Virgin Wines says it is “optimistic” about its prospects after it posted a revenue increase in its latest results.
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AnalysisNext: What’s in store for the fashion giant as a ‘new era’ beckons?
After yet another stellar performance from Next, Retail Week looks ahead to the fashion and home group’s “new era” and its plans to continue on an upward trajectory
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NewsNext beats expectations to post record profits as sales soar
Next has reported record profits ahead of expectations as sales soared in the full year ending January 31, 2024.
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Opinion‘Without Ray Kelvin’s idiosyncratic imprint, has Ted Baker lost its identity?’
Less than two years after its £211m acquisition by US brand development giant Authentic Brands, it looks as if Ted Baker’s core UK business is next in the administrators’ retail inbox.
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NewsTemu owner's revenues and profits surge in ‘pivotal’ year
Temu owner PDD Holdings has recorded a massive surge in full-year and fourth-quarter profits and revenue.
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NewsTycoon Ashley becomes Hornby consultant following Frasers investment
Frasers tycoon Mike Ashley is to become a consultant to Hornby following the retailer’s stakebuilding in the model railways specialist.
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NewsInflation rate falls to lowest level in more than two years
The rate of inflation has declined to its lowest point in more than two years, the latest official data has revealed.
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NewsThe Works to delist from main market in switch to AIM
The Works intends to move its shares off the London Stock Exchange’s main market and list on AIM, six years since its IPO.
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NewsTed Baker heads into administration putting hundreds of jobs at risk
Fashion retailer Ted Baker is poised to collapse into administration, putting 86 stores and hundreds of jobs at risk.
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NewsWickes hails ‘robust’ year and new Solar Fast acquisition
Wickes has hailed a “robust” full-year performance, with profit before tax landing ahead of expectations. It also announced the acquisition of a majority stake in Solar Fast.
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NewsDFS issues profit warning as ‘weaker market demand’ takes toll
Sofa giant DFS has lowered its revenue and profit guidance for the full year as “weaker market demand” takes its toll.