All City & finance articles – Page 562
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Analysis
US Retail: Trading in a state of crisis
As a new president gears up to take charge in the White House, US retail is experiencing an even tougher time than the UK. Charlotte Hardie reports.
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Analysis
Consumer Finance: Would you credit it?
As consumers become more cautious with their cash, Liz Morrell looks at how retailers are keeping their credit offerings flexible without putting themselves at risk.
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News
Interest rate slashed to 3%
The Bank of England has cut the interest rate by 1.5 percentage points to 3 per cent in a move that has been welcomed by retailers.
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News
Dunelm ups market share
Homewares retailer Dunelm reported that it has continued to gain share in a shrinking market as its sales performance improved.
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News
Asda profits hit by OFT fines
Asda’s pre-tax profits have been hit by provisions for fines and legal costs arising from the Office of Fair Trading investigations in to allegations of price-fixing.
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News
Findel posts flat sales
Findel, the home shopping group, has revealed robust first-half sales but warned it expects consumer spending to slow.
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News
Profits hit at Ideal Shopping Direct
TV shopping group Ideal Shopping Direct has issued a profit warning, blaming current market conditions which have had a negative impact on sales.
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News
Marks & Spencer profits plummet 34.1 per cent
Marks and Spencer’s adjusted pre-tax profits have plummeted 34.1 per cent to 297.8 million in the 26 weeks to September 27, 2008.
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News
Smallbone issues profit warning
Luxury furniture retailer Smallbone has issued a profit warning, saying that it expects figures to be “materially below” current market expectations.
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News
High pay for retailers ‘not helping strategy’
Retail chief executives are paid disproportionately more than their counterparts in other industries but have less time than ever to spend on strategy, a study has claimed.
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News
Tesco: The City View
Tesco is budgeting for like-for-like growth of only 2 per cent at its core UK business in contrast to the 3 to 4 per cent it has traditionally targeted.
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News
Share prices languish as talk of recession heightens City’s fears
Only two retailers managed a share price rise over the week as the market took fright at the looming recession.
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Opinion
Sainsbury’s will ride this storm
Feed your Family for a Fiver seems not just to be a Sainsbury’s promotional campaign but a whole new way of grocery shopping.
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News
DSGi rating reviewed as downturn takes toll
Ratings agency Moodys has put DSGi under review for a possible downgrade after the retailer suffered a first-half like-for-like tumble of 7 per cent.
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News
Carrefour and Ahold buck slump with robust Q3 sales
French giant Carrefour and Dutch grocer Ahold bucked the downturn to reveal resilient third quarter sales in the face of global economic turmoil.
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AnalysisTechnology spending: A time to make do and mend?
The credit crunch is forcing consumers to keep their wallets in their pockets, but does it mean that the purse strings are also tightening for IT departments? Joanna Perry finds out.
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Analysis
Recession beaters: Some retailers are prospering in spite of the downturn
Despite what the mass media might suggest, some retailers are prospering in spite of the downturn. Charlotte Hardie looks at some of those that are flying and asks what we can learn from them.
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Opinion
Adversity presents opportunities for retail
The popular translation for the Chinese word for crisis – weiji, “danger plus opportunity” – was quoted by PricewaterhouseCoopers global head of retail and consumer Carrie Yu at our Business School in Paris this month.
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News
John Lewis sales fall
John Lewis has reported a drop of 9.8 per cent in its weekly sales and said the third quarter of the year has ended on a “subdued note”.
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News
Instore losses deepen but current trade picks up
Instore, the owner of Poundstretcher, has increased its losses, revealing a 6.3 million net operating loss before exceptional items for the 26 weeks to August 30.