All City & finance articles – Page 569
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News
Gap acquires US sports brand
Fashion retailer Gap has acquired US women’s sports and active apparel retailer Athleta for about US$150 million ( 81.3 million) in cash.
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News
Gap acquires US sports brand
Fashion retailer Gap has acquired US women’s sports and active apparel retailer Athleta for about US$150 million ( 81.3 million) in cash.
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News
JD Sports profits jump
JD Sports Fashion has bucked the high street gloom with pre-tax profits rocketing 71 per cent to 9.1 million in the 26 weeks to August 2.
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News
JD Sports profits jump 71%
JD Sports Fashion has bucked the high street gloom with pre-tax profits rocketing 71 per cent to 9.1 million in the 26 weeks to August 2.
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News
MFI 'seeks emergency funding'
MFI parent company Merchant Equity Partners (MEP) has appointed Argyll Partners to find new investors that can pump money into the company as a matter of urgency.
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News
Cost of living soars in August
The cost of living in the UK rose 7.4 per cent in August, leaving the average family 11 worse off a week, according to Asda’s income tracker.
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News
Cost of living soars in August
The cost of living in the UK rose 7.4 per cent in August, leaving the average family 11 worse off a week, according to Asda’s income tracker.
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News
Financial turmoil set to add to retailers’ woes
Intense turmoil in the financial markets precipitated by Lehman Brothers’ collapse will pile pressure on retailers’ finances, bankers have warned.
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Opinion
A whiff of panic about Tesco
At a time when such excitement has been focused on the discount grocery retailers it was always going to be a question of when, rather than if, Tesco fought back.
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News
Dunelm: the city view
Value homewares retailer Dunelm was one of the week’s winners after posting strong prelims.
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News
Financial market shockwaves hit as FTSE reaches three-year low
Turmoil in the financial market following the collapse of Lehman Brothers and banking sector panic pushed the FTSE 100 to its lowest point in three years on Tuesday.
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Opinion
City Insider: Morrisons is well placed to win
Morrisons unveiled a surge in sales and profits last week, but the retailer was rewarded not with an investor buying spree but by its shares touching a two-year low.
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News
Ideal Shopping offers credit to persuade shoppers to spend
Ideal Shopping Direct is to test a short-term credit offer to encourage customers to spend through the credit crunch.
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News
Home Retail’s first-half slump lowers forecasts
Analysts took their red pencils to Home Retail forecasts after the downturn took a toll on Argos and forced the write-down of DIY chain Homebase’s carrying value.
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News
Ikea to rein in expansion as housing crisis slows growth
Swedish furniture group Ikea has revealed that sales growth has slowed over the past year and that it will curb its expansion plans as the global housing market stalls.
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News
London rent growth slows as credit crunch bites
London’s position as a safe haven in UK retail has weakened, according to figures published this week.
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Analysis
Currency shifts: Less bang for your buck
As the dollar gains strength against the pound and inflation creeps up, George MacDonald investigates how badly the shift could hurt retailers in this already stricken climate.
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Opinion
Michael Poynor: Why the fast and the focused will win
As the economy slows down, speed paradoxically grows in importance.
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Opinion
Ian Cheshire: Value has to be a commitment
Only those retailers with a long-term focus on offering value will benefit through the downturn.
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Analysis
Product information: Knowledge is power
In a culture where customers are empowered to find product information for themselves, retailers are in danger of losing authority in their field. Liz Morrell finds out why it’s crucial they take control.