All City & finance articles – Page 588
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News
RWC08: bosses warn retailers to stick to the basics
The bosses of DFS, Selfridges and Majestic Wine told delegates that retailers should “stick to the knitting” and not abandon the principles of their business during the present dip in consumer spending.
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Analysis
Chorus of approval
Asda food trading director Darren Blackhurst is keen to sing the praises of the retailer’s revamped food offer, but as James Thompson reports, inflation is threatening to strike a note of discord
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News
Carrefour unclear on Halley family’s stake
Uncertainty hangs over the strategic direction of Carrefour, after changes to its shareholder structure paved the way for activist investors to tighten their grip on the world’s second largest retailer.
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News
Russia’s Eldorado hit with hefty back-tax bill
Russian electricals retailer Eldorado, in which UK retailer DSGi considered investing, faces back-tax claims of up to Rub15 billion ( 312 million), which could force it to sell assets.
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News
Tesco takes axe to costs as cooling climate bites
Tesco has embarked on what is thought to be its most extensive round of cost-cutting for more than five years, as the UK retail sector faces a challenging year.
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News
RWC08: Private equity will target faster growing businesses
The dearth of private equity retail deals looks likely to continue, but there is still scope among mid-priced, fast-growing businesses.
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News
RWC08: Specialists still have a place
Specialist retailers can survive amid growing supermarket power and soaring online sales, provided they focus on a differentiated customer proposition.
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News
RWC08: Dunstone rallies retailers
Carphone Warehouse founder and chief executive Charles Dunstone has opened the Retail Week Conference by challenging retailers to work harder to secure consumers’ shrinking discretionary spend.
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News
Dreams sold to private equity group Exponent
Bed specialist Dreams has been bought by private equity specialist Exponent for an undisclosed sum.
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News
Carrefour boardroom powershift clouds recovery
Big changes are on the cards at French retail giant Carrefour, which today posted a rise in sales and profits.
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Analysis
Keep it in the family
Baugur’s bid for Moss Bros last week has sparked a bitter war of words over the retailer’s future. As the battle hots up, Lisa Berwin looks at what lies ahead for the venerable brand
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News
Littlewoods suffers £24m losses
Pre-tax losses at Littlewoods Shop Direct reached 24.2 million in the year to April 30, 2007, as the group continued to feel the strain of its business restructure on its balance sheet.
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News
Gap makes profit comeback as leading US retailers falter
Gap has posted a fourth-quarter profit rise for the first time in three years and forecast further gains after it increased full-price clothing sales in the holiday season.
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News
Ideal shopping direct: the city view
The AIM-listed home shopping group posted a 3 per cent rise in pre-tax profits to 6.3 million before exceptionals, on sales up 13.1 per cent to 96.9 million.
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News
Moss Bros shares spike as offer from Baugur fuels investor fight
Menswear retailer Moss Bros was the week’s biggest riser as a bad-tempered battle for control raged. Members of the founding families, the board and associates of potential buyer Baugur all laid into each other, which can hardly be helping store performance.
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News
Gee family strikes back at McCarthy in Moss Bros war
Moss Bros director Rowland Gee has hit back at comments made by fellow board member Don McCarthy about family involvement in the business.
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News
Food prices continue to climb
Food prices have continued to soar. Inflation in February reached its highest level since December 2006.
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News
Ideal Shopping Direct pre-tax profits drop
Ideal Shopping Direct has reported a 6.2 per cent fall in full-year pre-tax profit to 5.8 million, but pointed to an encouraging start to 2008.
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News
Asda: family income down £5 a week
Rising food and petrol prices meant that the average UK family has 5 a week less to spend than last year, according to grocer Asda’s first income tracker survey.