All City & finance articles – Page 535
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NewsWaitrose sales outpace Marks & Spencer food for first time
Waitrose managing director Mark Price has revealed that the grocer has overtaken Marks & Spencer in food sales for the first time in its 105-year history.
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NewsEarnings upgrades in sight as retail sales hold their own
The City took heart at better than anticipated retail sales in June, raising the prospect of sector upgrades.
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NewsDunelm impresses City with sales jump
Homewares retailer Dunelm impressed the City with higher than expected second-half sales and ambitions to open more stores in the financial year.
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NewsPrimark outperforms as Arthur Ryan prepares to exit
Primark has once again outperformed the wider fashion market, recording a 20 per cent uplift in sales in the 40 weeks to June 20.
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NewsStrong range helps Next in Q2
Next is performing ahead of expectations and should deliver a strong second-quarter trading update when it reports at the end of the month, broker Singer Capital Markets believes.
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NewsMicrosoft tycoon Bill Gates takes stake in JJB Sports
Billionaire Bill Gates has taken a stake in embattled sports retailer JJB, it emerged today.
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NewsBurberry has a strong start to the year
Burberry made a solid start to the year with retail revenues ahead 12 per cent in the three months to June 30.
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NewsBlacks ‘performing satisfactorily’
Blacks Leisure, the outdoor clothing and equipment retailer, has revealed a 1.8 per cent drop in like-for-like sales in the first 19 weeks of its financial year.
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NewsRetail sales grow 1.4 per cent in June
Retail sales in June grew 1.4 per cent on a like-for-like basis helped by the heatwave across the country and clearance Sales.
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NewsSir David Jones attempts to defuse loan row
JJB Sports executive chairman Sir David Jones has repaid a £1.5m personal loan from Sports Direct founder Mike Ashley after what he has described as one of “the most stressful” weeks of his 49-year retail career.
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NewsDunelm like-for-likes rise 5 per cent in second half
Homewares retailer Dunelm has revealed better than expected sales for its second half, with like-for-likes growing 5 per cent as it takes market share.
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NewsAll Saints secures £30m financing deal
Fashion specialist All Saints has sealed a £30m funding deal from Lloyds TSB Corporate Markets, Retail Week can reveal.
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NewsJJB Sports threatens legal action against Mike Ashley
JJB Sports has threatened legal action against rival Mike Ashley, founder of Sports Direct, in an escalation of the row over a £1.5m loan to JJB chairman Sir David Jones.
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NewsJJB outlines turnaround options
Weekend newspaper reports forced JJB to issue a statement confirming it might raise more cash through a share placing and open offer.
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NewsGame splits City opinion as sales suffer a surprise slump
Analysts are divided over entertainment retailer Game’s prospects after a sales plunge shocked the market.
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsCity salutes Carphone’s deal for Vodafone return
Carphone Warehouse has celebrated the return of Vodafone three years after the operator withdrew its mobile phone contract offer in favour of an exclusive deal with rival Phones 4U.
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NewsBrightHouse bolsters IT but trims openings
BrightHouse has curtailed its store opening plans as it ploughs money into transforming its IT infrastructure.
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NewsLoan row takes a bite out of JJB’s value
Tragedy turned to farce at JJB Sports. The troubled retailer became embroiled in controversy when it emerged that executive chairman Sir David Jones had taken a loan from arch-rival Mike Ashley, founder of Sports Direct.