All City & finance articles – Page 548
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Analysis
OC&C Christmas Trading Index: Christmas wrapped up
The frantic festive season is over and many retailers are breathing a sigh of relief. Charlotte Hardie examines the key themes in what has been a nerve-wracking few weeks with the help of OC&C’s Christmas Trading Index
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News
New year cheer for electricals sector as Sales spur spending
Electricals retailers are enjoying a surprise new year sales surge as consumers continue to clamour for January Sales bargains.
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News
New year cheer for electricals sector as Sales spur spending
Electricals retailers are enjoying a surprise new year sales surge as consumers continue to clamour for January Sales bargains.
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News
Morrisons' value focus wins festive food fight
Morrisons performed strongly in the south of England over the festive period as shoppers switched from premium retailers to its value proposition.
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News
Food trails behind rest of sector as reporting season concludes
General retail stocks led the pack while food groups lagged a wider market rise as the January reporting season drew to a close.
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Opinion
Troubled Stylo acts with honour
“This is not about the mass closure of Barratts, it’s quite the opposite. What’s been put out for creditors to vote on is the rescue of the company.”
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News
Adili's festive sales soar
Ethical online retailer Adili recorded a 102 per cent rise in total sales over the key festive season.
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News
Sports Direct stake in JJB cleared by the Office of Fair Trading
The Office of Fair Trading (OFT) has cleared the purchase of 11.9 million JJB shares by Sports Direct founder Mike Ashley, saying it does not represent a possible merger.
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News
Homebase in consultation with 300 store staff
Homebase is in consultation with up to 300 of its staff as the struggling DIY retailer seeks to realign its store leadership structure in the difficult trading environment.
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News
Vulture funds circle UK retailers
UK retail is among the sectors likely to be most actively targeted this year by so-called vulture funds that invest in distressed companies.
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News
Pre-packs to be policed more actively, regulator warns
Pre-pack administrations, the controversial insolvency process that has been deployed by several troubled retailers, will be more closely scrutinised by regulators in future.
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News
Gamestation consults staff ahead of central office merger
Game has begun a consultation process with 80 of its Gamestation staff at its head office in York as it realigns its management across the group.
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News
WHSmith maintains margins in challenging trading conditions
WHSmith's like-for-like sales fell 5 per cent in the 20 weeks to January 17 but it has continued to maintain strong gross margins across the business.
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News
Stylo's future uncertain as it suspends shares
Shares in shoe retailer Stylo have been suspended as it explores options for the future of the business.
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News
Sofa Workshop sinks into administration
Sofa Workshop has plunged into administration, after last-ditch attempts to save the business failed.
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News
UK in recession as ONS reports December retail sales value fall
The UK plunged into recession for the first time since the early 1990s, official figures confirmed this morning.
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News
Insurance rescue plan falls short, claims BRC
Government plans to shore up businesses hit by the withdrawal of credit insurance cover should go further, say retailers.
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Opinion
VAT cut is not optional
It’s been a good week to bury bad news. So retailers ought to be grateful that on the day Barack Obama was inaugurated, a curious statistic was tucked away at the back of the ONS’s inflation report.
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News
Sainsbury’s head office jobs to go in shake-up
Sainsbury’s has restructured its head office central support teams in a move that could lead to up to 300 jobs being axed.