All City & finance articles – Page 63
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NewsAdidas reports flat sales as market remains ‘volatile’
Adidas posted flat sales in the second quarter of the year “impacted by the company’s conservative sell-in approach in order to reduce high inventory levels”.
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NewsWilko on brink of administration
Embattled retailer Wilko has filed a notice of intention to appoint administrators after failing to find investment.
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NewsScS confident in full-year profit guidance despite cost-of-living crisis
Furniture specialist ScS expects to report full-year profit guidance in line with expectations, despite the ongoing effects of the cost-of-living crisis.
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NewsPets at Home customer numbers grow as revenues spike
Pets at Home has reported an increase in “active VIP” customers and a jump in both total and group like-for-like sales.
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NewsNext increases full-year profit guidance as sales jump
Next has increased its full-year guidance for group profit before tax by £10m, following a “much better than expected” period of full-price sales.
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NewsCo-op invests £70m in member prices
The Co-op has made its biggest ever single investment as it extends its member-only prices across everyday essentials.
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NewsGreggs boss warns higher prices are baked in
Greggs chief executive Roisin Currie has said that while the retailer is seeing inflation coming down, she expects higher prices will remain indefinitely.
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NewsBirkenstock owner eyes potential IPO as valuation expected to soar
Birkenstock’s private equity owner L Catterton has started talks in advance of a potential IPO of the company, which could take place as early as September this year.
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NewsGreggs maintains profit guidance as sales rise
Greggs has reported an increase in sales and profits following “strong trading momentum” in its first half of the financial year and has maintained its full-year guidance.
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NewsShop price inflation falls to lowest levels in a year during July
Shop price inflation hit its lowest levels seen all year in July, despite food prices remaining stubbornly high.
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NewsEtsy sellers accuse marketplace of withholding money
Online marketplace Etsy has been accused of withholding money from sellers through its “reserve system”.
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NewsB&M to keep group trading director in multimillion-pound deal
B&M has received a long-term commitment from its group trading director Bobby Arora, which will see the value retailer hand out millions to him in bonuses.
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AnalysisWhat does THG see in old media after snapping up City AM?
In a move that surprised many observers, health and beauty retailer THG has snapped up business newspaper City AM, saving it from insolvency in an eleventh-hour deal. How does the paper fit in with the rest of THG’s business? Retail Week finds out
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NewsExclusive: Frasers boss says Amazon can’t do what Frasers can
As Frasers reported strong growth in profits and revenue driven by a “particularly strong year for sports retail”, chief executive Michael Murray said even Amazon cannot do what Frasers can.
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NewsMoncler hails business ‘milestone’ as sales boom
Luxury fashion retailer Moncler Group has called its first-half performance a “significant milestone” as revenues across the business boomed and exceeded €1bn (£857.7m) for the first time.
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NewsFrasers profits soar as elevation strategy pays off
Frasers has reported strong revenue and profit growth across its portfolio in a “particularly significant year for sports retail” driven by the group’s elevation strategy.
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NewsLVMH revenue rises as brands continue to thrive
Luxury goods conglomerate LVMH posted an “excellent first half” as it saw strong revenue growth across its fashion and beauty divisions.
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NewsExclusive: Frasers to become UK's top fashion retailer by 2026
Frasers is set to acquire its way to the top and become the biggest fashion retailer in the UK within the next five years, according to exclusive research by Retail Week and Bloomreach.
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NewsMatalan remains confident on outlook despite fall in revenue
Matalan has posted a drop in revenue following a “challenging” first quarter, despite remaining “confident” in its full-year profit outlook.
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NewsRevolution Beauty faces FCA market abuse probe
Cosmetics specialist Revolution Beauty is being investigated by the Financial Conduct Authority (FCA) for potential market abuse.