All City & finance articles – Page 6
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsWHSmith boss resigns following accounting investigation
WHSmith group chief executive Carl Cowling has stepped down from his role after an accounting investigation.
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NewsOcado shares tumble following Kroger fulfilment centre closures
Ocado shares dropped around 16% on Tuesday after US partner Kroger announced the closure of three warehouses.
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NewsBuy It Direct CEO hits out at CMA approach to investigation
Nick Glynne, chief executive of Appliances Direct owner Buy It Direct, has said the Competition and Markets Authority “is wrong to name our business without giving us sufficient time to respond” to its latest investigation.
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NewsSuperdry appoints new CFO
Superdry has appointed Nic Shaw as its new chief financial officer, strengthening its leadership team as it enters the next phase of its turnaround strategy.
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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NewsKim Kardashian eyes stores as Skims reaches £2.93bn valuation
The brand founded by reality star Kim Kardashian has reached a $5bn valuation.
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Opinion‘B&M may not shoot the lights out this Christmas, but next may be more important’
A renewed emphasis on retail detail under new leadership may help B&M in the longer term after a lacklustre start to this year’s golden quarter, says George MacDonald
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NewsAsos cuts interest rates in new refinancing deal
Asos has secured new refinancing worth nearly £238m in a deal that will slash its interest rates by £5m each year.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
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NewsB&M profits slump as CEO shuffles leadership team
B&M profits plunged in the first half of the financial year, as the retailer’s new chief executive made sweeping changes to his leadership team.
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NewsMonsoon Accessorize appoints chief digital officer
Fashion retailer Monsoon Accessorize has recruited a new chief digital officer.
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NewsKenji secures new funding as it eyes international and store expansion plans
Retailer Kenji has struck a new funding deal with HSBC to support its acquisition of a new warehouse and to push forward with plans to open multiple new high street stores.
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NewsMarks & Spencer appoints BA boss to board
The chief executive of British Airways has been named a non-executive director of Marks & Spencer.
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NewsSuperdry enters ‘new chapter’ with brand refresh
Superdry has marked the start of a “bold new chapter” as it unveils a new brand identity following its return to profitability earlier this year.
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NewsMountain Warehouse founder takes back control
Mountain Warehouse founder and chief executive Mark Neale has taken back control of the outdoor clothing and equipment specialist.
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NewsThe Very Group confirms takeover by investment firm
The US private equity giant Carlyle is buying The Very Group, once known as Shop Direct, from previous owners the Barclay family
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Opinion‘Primark has been good for the Westons – but the Westons have been good for Primark’
The Weston family’s stewardship of Primark has been exemplary. As a spin-off of the retailer from ABF is considered, their values should be maintained, says George MacDonald
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AnalysisSainsbury’s boss Roberts decks the halls with bumper profits as he looks towards Christmas
As Sainsbury’s upgraded its full-year profits to more than £1bn, chief executive Simon Roberts spoke about the consumer outlook heading into Christmas, what’s happening with the future of Argos, and the Budget.
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NewsBRC says government goals are ‘at odds’ with Keep Britain Working review
British Retail Consortium chief executive Helen Dickinson has said retail is built on “flexible, local jobs” and the government’s goals and policies are “at odds with one another”, in response to the publication of the Keep Britain Working review.