All City & finance articles – Page 561
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News
Downturn triggers rise in retail crime
The economic downturn is having a growing impact on shoplifting with thefts at Tesco up more than a third this year.
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News
One in five shops could be empty after the recession
One in five stores could be voids by the time the economy picks up again, according to a survey by PricewaterhouseCoopers.
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News
Christmas e-tail sales to rise 15 per cent
Online spend will continue to grow this Christmas with year-on-year sales expected to rise 15 per cent.
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News
Majestic Wine profits tumble
Pre-tax profits at Majestic Wine have plummeted more than 25 per cent to 5.6 million for the 26 weeks to September 29.
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News
Asda cuts petrol prices
Asda has cut the price of unleaded petrol for the ninth time since July by a further 2p per litre.
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News
John Lewis Partnership agrees new Ocado deal
The John Lewis Partnership has agreed to a five-year brand and sourcing agreement with Ocado and transferred its stake in the online grocer to its pension fund.
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News
EBTM sales rise
Sales for online music and clothing retailer EBTM increased by 17 per cent in the 24 weeks to October 17.
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Opinion
Sainsbury's Justin King is a man of the people
For a while, retailers didn’t want to mention the R word. But now we’ve officially been told we’re moving into a recession, it seems many retailers are having to think about the other R word – redundancies.
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News
Sales pick up at John Lewis
Sales have begun to improve at John Lewis, down just 1.3 per cent last week, helped by the cold snap in the weather.
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News
Christmas sales expected to be flat
Christmas is unlikely to bring a great deal of festive cheer to beleaguered retailers, with sales expected to be flat over the crucial period.
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News
Interest rate cut met with caution by analysts
The Bank of England’s shock decision to slash interest rates to 3 per cent will help heavily indebted retailers, but analysts remain cautious about the immediate impact on consumers.
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News
Asda profits knocked by price-fixing probe
Asda suffered a fall in full-year pre-tax profits after having to set aside an allowance for legal costs resulting from the Office of Fair Trading’s investigations into milk and tobacco price-fixing.
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News
Homebase plans for hundreds of redundancies
Home improvement retailer Homebase is to shed several hundred jobs to cut costs in the dire trading environment.
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News
The City View: Findel
Mail order specialist Findel reassured the market with a 1 per cent first-half sales increase.
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News
Industry share prices on the up despite persistent poor trading
General retail stocks bounced back this week, jumping more than 20 per cent after taking a hammering the previous week, despite more bad news on trading.
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News
Smallbone profits feel the heat as demand for kitchens dries up
Smallbone has become the latest big-ticket retailer to be hit by the economic downturn after it issued a profits warning last week.
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News
Blacks banking on late Christmas sales surge
Blacks Leisure is bracing itself for a late Christmas sales rush this year.
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News
Asda reports strong clothing and grocery sales in October
Asda's comparable store sales last month were strongest in grocery and clothing, parent company Wal-Mart’s October results have revealed.
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News
Urban Outfitters like-for-like sales jump
Like-for-like sales at US fashion and lifestyle retailer Urban Outfitters climbed 10 per cent across its fascias in the three months to October 31.
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OpinionEnsure your offer’s built to last
Only longer-lasting products offering real value will move shoppers to spend as recession bites.