All City & finance articles – Page 558
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News
Alexon sales tumble
Alexon has revealed that sales slumped below expectations in the 17 weeks to November.
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News
Woolworths in danger of administration this week
Woolworths could fall into administration in a matter of days unless it completes a deal to sell its retail business to restructuring specialist Hilco, according to sources close to the company.
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News
John Lewis sales continue to fall
John Lewis has unveiled another set of lacklustre sales figures for the week ending Saturday, November 22.
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News
VAT cut expected in pre-Budget report
Chancellor Alistair Darling is expected to cut VAT to 15 per cent in today's pre-Budget report as part of a raft of measures designed to stimulate the economy.
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News
Bargain hunters flock to stores
Promotional spectaculars run by leading retailers this week brought bargain-hungry shoppers flocking to stores.
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News
Sir Tom Hunter will not bid for Flying Brands
Retail billionaire Sir Tom Hunter has dropped his bid to buy multichannel retailer Flying Brands.
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News
John Lewis confident of Christmas despite sales fall
Sales at John Lewis department stores fell 14 per cent last week, the retailer has confirmed. However, John Lewis head of selling development Barry Matheson insisted the chain is in good shape for Christmas.
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News
Next's Wolfson: 'tax cuts should not be unfunded'
Next chief executive Simon Wolfson has said that any tax cuts in next week’s pre-Budget report should be long term and sustainable.
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News
More top retailers join campaign against rate rises
More leading retailers have joined Retail Week’s fight for the Government to change the rules on business rates to protect the sector from massive hikes in bills.
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News
100,000 retail jobs cut this year
As tough trading continues, full scale of hidden job losses revealed – and the worst is still to come.
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News
Wesfarmers debt stokes fears for Coles revival
Australian group Wesfarmers has tried to appease shareholder concerns about the turnaround of grocer Coles just a year after its acquisition.
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News
US retailers batten down hatches as trade worsens
US retailers are bracing themselves for further deterioration in trading conditions in the run-up to Christmas after retail sales in October fell below expectations and a raft of retailers slashed forecasts last week.
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Opinion
Best Buy can’t walk on water
John Browett and Hugh Harvey could have been forgiven a little Schadenfreude last week.
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News
Asos to expand overseas and up ranges as business booms
E-tailer Asos is targeting international expansion and new product areas as it continues to grow.
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News
Burberry venture to tap Middle Eastern promise
Luxury retailer Burberry is putting its faith in emerging markets as trade generally continues to be “volatile”.
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News
Ted Baker: The City view
Quirky fashion retailer Ted Baker managed retail sales growth of 13.3 per cent in the 13 weeks to November 8, when group sales edged up 1.8 per cent.
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News
Early Sales and consumer belt tightening hit retail share prices
General retailers’ shares plummeted as the market took fright at another step down in consumer spending, tight credit conditions and signs of early Christmas promotions.
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News
Inflation cut ‘won’t spur spending’
A dramatic decline in inflation is unlikely to stop consumer spending from falling for the next three years, research consultancy Capital Economics has warned.
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News
Up to 250 jobs at risk at Halfords
Motor accessories retailer Halfords is to make up to 250 job cuts at head office and in stores as it seeks cost savings.
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News
Original Factory hits six-month sales high
Value retailer Original Factory Shop continued to defy the downturn, revealing its strongest six months to date.