All City & finance articles – Page 54
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Opinion‘“No change” may be as good as it gets for retail this Christmas’
Shoppers are spending – but selectively. As retail’s golden quarter nears its crescendo, that was one of the messages from Currys chief executive Alex Baldock as the electricals giant revealed first-half results.
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NewsCurrys boss Baldock optimistic about Christmas as customers ‘treat themselves’
Currys chief executive Alex Baldock said customers have been “treating themselves” this year and he was positive about the festive season.
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NewsMusic Magpie credits record Black Friday for boosting performance
Music Magpie said a record Black Friday period has helped “offset a softer H1” as it posted its pre-close trading update to November 30, 2023.
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NewsCurrys sales decline but profit guidance holds
Currys reported a decline in group revenue for the six months ending October 31, but made no change to profit guidance as trading remained in line with expectations.
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NewsLondon Designer Outlet reports record Black Friday
London Designer Outlet (LDO) at Wembley Park has recorded a record Black Friday, exceeding last year’s record sales performance by 8.6%.
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NewsProCook boss expects profit to break even as it plans return to growth
ProCook chief executive Lee Tappenden has said he is “cautiously optimistic” about Christmas trading following a strengthened Black Friday performance.
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NewsProCook shows strong golden quarter trading
ProCook losses have improved, but the retailer is still in the red despite outperforming the market over Black Friday and the early part of Christmas trading.
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NewsRevolution Beauty reaches legal settlement with co-founder
Revolution Beauty has announced it has reached a £490,000 settlement agreement with co-founder Tom Allsworth.
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NewsPepco posts ‘disappointing profit outturn’ despite record sales
Discount retailer and Poundland parent company Pepco Group has posted a “disappointing profit outturn” after record European store openings and despite a record 17.7% growth in full-year revenue.
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NewsSosandar swings to loss despite growth in revenue
Sosandar reported a loss in the first half of the year despite a growth in revenue as it continues to move towards a multichannel model.
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NewsShein considers potential for UK IPO
Fast-fashion giant Shein is reportedly in talks with the London Stock Exchange about the possibility of a public listing in the UK.
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NewsLululemon hails strong ‘early performance’ ahead of Christmas
Sportswear retailer Lululemon has posted a “strong” third quarter and hailed its “early performance” ahead of the peak Christmas trading period as the brand continues to resonate with shoppers globally.
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InterviewQ&A: Frasers CFO Chris Wootton on luxury demand and future acquisitions
As Frasers reports an increase in sales and profit across its portfolio, driven by the group’s elevation strategy, Retail Week speaks to chief financial officer Chris Wootton about what’s next for the retail powerhouse
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NewsActivist investor Kelso urges THG to demerge business
Activist investor group Kelso Group Holdings has urged ecommerce giant THG to consider a demerger of its three business divisions “to maximise shareholder value”.
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NewsWatches of Switzerland flat sales offset by ‘strong momentum in US’
Watches of Switzerland has posted flat group sales that were strengthened by its trading performance in the US.
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NewsFrasers sales and profit rise as elevation strategy pays off
Frasers has reported an increase in sales and profit across its portfolio as the group’s elevation strategy continues to “drive strong trading performance”.
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NewsMatches fires up equity raise to support turnaround
Luxury fashion retailer Matches is reportedly considering an equity raise in a bid to support its business turnaround strategy.
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NewsMoonpig profits and sales grow
Online greeting cards specialist and technology platform Moonpig reported a growth in profits and sales, despite the challenging macroeconomic environment.
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NewsTed Baker owner secures new funding for struggling brand
Ted Baker owner Authentic Brands Group has secured new funding for the retailer, which it said will help grow its UK and European operations.
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NewsPrivate equity eye potential £100m Jollyes sale
Jollyes, one of the UK’s largest privately owned pet retailers, is being eyed up by private equity firms in a deal that could be worth more than £100m.