All City & finance articles – Page 585
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Analysis
Finding light in dark times
Retail is getting tougher in the developed world and this year’s World Retail Congress discussed the challenges facing retailers. Tim Danaher and Katie Kilgallen report from Barcelona
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News
Burberry bags 18% revenues jump as accessories perform
Revenues at upmarket fashion specialist Burberry soared 18 per cent to 546 million in its second half.
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Liberty commercial chief exits amid sale confusion
Liberty commercial director James Crespo has left the luxury retailer. His departure comes as confusion mounts over a potential sale of the business.
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News
Tesco full-year results lift spirits but general retailers disappoint
Tesco’s impressive full-year numbers helped recover sentiment, especially after bullish comment about the US, and grocers enjoyed a good week.
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News
Carphone Warehouse downgrades forecast
Carphone Warehouse has revealed robust mobile phone sales, but provided a weaker-than-expected outlook and growth in broadband customers.
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News
H&M like-for-likes drop 8%
Swedish fashion retailer H&M has reported a like-for-like sales fall for March of 8 per cent.
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News
Debenhams profits fall but targets hit
Department store group Debenhams managed to meet profit expectations in its first half and is to make efficiencies and improvements in expectation of continued tough trading conditions.
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JD Group enjoys solid year
JD Group has posted strong full-year results, with pre-tax profits soaring 103 per cent to 35 million.
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News
Tesco delivers strong profits and sales
Tesco has delivered bumper full-year profits and sales, and has mounted a robust defence of the performance of its fledgling US chain Fresh & Easy.
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News
Next plans new bonus scheme to revive share price
The bonus scheme introduced by Next in 2004 could be re-instigated by the retailer for its directors and executives, in an effort to drive its share price up, according to the Financial Times .
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News
M&S in line for £3.5m cake-tax refund
Marks & Spencer is poised to receive a substantial VAT refund over a 13-and-a-half year legal battle over chocolate teacakes.
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Analysis
The green agenda
Times may be hard in fashion, but no one told Sir Philip Green. Tim Danaher and George MacDonald meet him to discuss the secrets of retail success
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News
Mosaic bids to take Principles upmarket
Mosaic has unveiled the first fruits of its turnaround strategy at smart womenswear chain Principles, 18 months after acquiring the retailer.
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News
Gap sales take a plunge
Fashion retailer Gap's sales tumbled 12 per cent to US$1.37 billion ( 691.2 million) for the five weeks to April 5.
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News
Bank of England cuts interest rate to 5%
The Bank of England has cut the interest rate from 5.25 to 5 per cent, giving hard-pressed retailers a lift.
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News
Thriving sales in China offer route for growth
Chinese retail sales continue to soar in contrast to countries hit by the global downturn, ensuring the market will remain one of the most appealing to international retailers.
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News
Topshop and Topman set for record years
Young-fashion chains Topshop and Topman are on course for record years despite the savage downturn in the fashion market, owner Sir Philip Green revealed this week.
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News
BRC slams HSBC card plan
HSBC’s move to transfer its Maestro customers to Visa debit cards could cost UK retailers millions, says the British Retail Consortium.