All City & finance articles – Page 73
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NewsBurberry sales jump as core categories perform strongly
Luxury brand Burberry has reported a jump in sales, as core categories for the brand such as outerwear and leather goods performed well.
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NewsUniqlo owner Fast Retailing ups profit guidance
The owner of fashion giant Uniqlo, Fast Retailing, has upped its full-year profit guidance following a “strong” international performance in its third quarter.
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AnalysisFrasers or Nordstrom: who is Asos’ perfect match?
Embattled fashion pureplay Asos has recently been at the centre of takeover talks following reports of a £1bn takeover bid by Turkish fast-fashion retailer Trendyol. Frasers Group also sparked speculation by increasing its stake in the fashion retailer three times in two weeks
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NewsPepco revenue rises despite ‘challenging trading environment’
Pepco has reported a growth in revenue despite facing a “challenging trading environment” in April and May across central Europe.
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NewsFrasers Group ups stakes in N Brown and Currys
Frasers Group has increased its stakes in fashion retailer N Brown and electricals retailer Currys in a continued shopping spree for Mike Ashley’s retail empire.
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NewsMusic Magpie credits ‘strong momentum’ for first-half trading
Music Magpie has credited “strong momentum” for its first-half performance as it traded in line with expectations and looks forward to the “seasonally important” second half of the year.
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NewsWatches of Switzerland sales and profits soar in record year
Watches of Switzerland has posted a “record” year of revenue and profitability, entering 2024 “significantly ahead” of what it previously forecast as strong momentum across the US, UK and Europe continues.
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Opinion‘More Marks & Spencer magic should help Ocado sparkle’
As Ocado prepares to reveal half-year results next week, the tech and retail group’s star has been on the wane.
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NewsMango sales grow as it announces ‘ambitious expansion plans’
Fashion retailer Mango posted a boost in sales in the first half of the year, crediting “good performance” in its key markets as well as a “strengthened ecosystem of channels and partners”.
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NewsShoe Zone ups profit guidance as demand climbs
Shoe Zone has increased its profit guidance by almost a third as demand for value soars during the cost-of-living crisis.
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NewsRevolution Beauty CEO may quit as part of compromise deal
Revolution Beauty’s chief executive Robert Holt may quit as part of a compromise with fashion retailer Boohoo.
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NewsSosandar swings to profit in ‘milestone year’
Sosandar reported an increase in revenues and profits in a “transformational year” ending March, 2023 “despite the challenging macroeconomic conditions”.
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NewsIceland ‘confident’ about making highest profit for a decade
Iceland has revealed forecasts that show it will make its highest profit for a decade this year.
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NewsBoohoo to take Revolution argument to AIM stock market regulator
Boohoo is making a complaint to the junior stock market regulator as a war of words with Revolution Beauty continues.
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NewsJD Sports strengthens position in Iberia with £427m acquisition
JD Sports is set to buy out the minority shareholders in Iberian Sports Retail Group (ISRG) to acquire 100% of the brand as it strengthens its foothold in the Iberian peninsula.
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NewsCurrys profits fall as Nordics success ‘brought to abrupt halt’
Electricals giant Currys has posted a fall in full-year profit after its long track record of Nordics success “was brought to an abrupt halt”.
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Opinion‘As retail passes the year’s midpoint things could be better – but they could have been far worse’
Is it July already? As the summer holiday period kicks in and they sip a cool beer or glass of wine in Faros or Florida, retailers can pause for breath and reflect on a year now halfway through and prospects for the remainder
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NewsAO boss has ‘no plans’ to return to physical retail
AO founder and chief executive John Roberts has said the group has “no plans” to return to bricks-and-mortar retail after closing its shop-in-shops with Tesco last year.
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NewsJD Sports colluded with Leicester City FC to restrict competition, CMA finds
An investigation by the Competition and Markets Authority (CMA) has provisionally found that the sportswear retailer “colluded” with Leicester City FC to restrict competition in sales of the club’s branded clothing over three seasons.
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AnalysisWhat is the endgame of Revolution Beauty and Boohoo’s war of words?
In the weeks since Boohoo publicly announced plans for a hostile takeover of Revolution Beauty, what followed has been a war of words fought on the battlefield of the London Stock Exchange, with each party accusing the other of corporate wrongdoing and “self-serving” behaviour.