All City & finance articles – Page 8
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NewsBodycare to shut more branches following administration
Beauty specialist Bodycare, which collapsed into administration earlier this month, is closing more shops.
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AnalysisExplainer: Implications of Sainsbury’s surprise on-off Argos sale talks
In the space of a weekend, it was revealed that Sainsbury’s was considering selling its Argos general merchandise division to Chinese colossus JD.com, and then that talks were over. Retail Week examines the implications
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NewsAldi sales rise but profits drop as it rolls out record UK expansion plan
Value supermarket Aldi has reported an increase in sales alongside a fall in profits, as it announced a record £1.6bn expansion plan in the UK.
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NewsAO ups profit guidance as it expects to deliver double-digit sales growth
Electricals retailer AO has increased its profit guidance and it said it was on track to deliver a strong profit performance and double-digit sales growth.
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FeatureTrimming fat or cutting muscle? How retailers can preserve their brand story in an era of cost-cutting
In the early 1990s, as sky-high interest rates, falling house prices, and an overvalued exchange rate sent the economy into a tailspin, McDonald’s famously slashed its brand marketing budget in a bid to cut costs. Just as famously, it lived to regret that decision.
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NewsWhole Foods Market losses deepen as sales decline
Whole Foods Market has recorded deepening losses for its UK operations, as revenues took a sharp downturn.
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NewsBusiness rates rise brings closure risk for 400 stores
Supermarkets and department stores are among shops threatened with “a wave of closures” if businsess rates changes go ahead.
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AnalysisJohn Lewis chiefs look ahead to a very merry Christmas after painful first half
First-half profits slipped at the John Lewis Partnership but, as they gear up for Christmas, bosses are optimistic that retail improvements and focus on productivity will being success and shoppers will be willing to spend in the golden quarter
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NewsOcado Retail boss: ‘M&S products have been a really strong factor in our growth’
Ocado Retail boss Hannah Gibson has said that Marks & Spencer’s products have been a “really strong factor” in the joint venture’s 18-months of consistent growth.
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NewsGovernment hints at ‘fundamental change’ for business rates
The government has said it considers there to be a case for “fundamental change from a ‘slab’ to a ‘slice’ system” of business rates, in an interim report published today.
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NewsTHG profits dip after slow start to the year for beauty
THG profits dipped in the first half of the year, after slow beauty trading and increased costs dragged on performance.
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NewsJohn Lewis focuses on positive momentum despite deepening losses
Losses deepened at John Lewis in the first half, but the retailer is still confident of a strong end to the year.
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NewsInditex sales and profits rise after ‘solid’ spring performance
Fashion powerhouse Inditex has reported growth in sales and profits after what it it described as a “solid performance” throughout spring.
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NewsWickes sales boosted by growth across categories
Home and DIY firm Wickes has reported an increase in sales and profit as volumes across retail and design and installation boosted growth.
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NewsPrimark sees improved UK trading despite ‘consumer caution and inflation’
Primark saw improved UK trading in the second half of the year, despite consumer caution, inflation and a weak clothing market.
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AnalysisPret boss gambles on back to the future plan to take on the supermarkets
After enduring a mixed few years post-Covid, today Pret plunged to a £553m loss after it booked a substantial write-down by its owner. Its boss has outlined plans to build the business back.
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NewsOutgoing Dunelm boss oversees profit increase at ‘special business’
Dunlem boss Nick Wilkinson, who will hand over the reins to Clodagh Moriarty in October, said he leaves behind a “special business” as the homewares firm published its full-year results.
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Chart of the WeekThe food prices hitting UK shoppers’ wallets hardest
Nine in 10 UK adults have noticed prices becoming more expensive this year, according to figures released as part of Barclays’ latest consumer spend report
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NewsAugust bump rounds off ‘solid summer of sales’ for retail
Hot and sunny weather combined with an interest rate cut helped build a “solid summer of sales” for retailers in August, according to the latest data.
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NewsLakeland owner and Dragons’ Den judge join growing list of Claire’s suitors
Lakeland owner Hilco and Dragons’ Den judge Touker Suleyman have both joined the growing list of suitors vying to salvage fashion accessores brand Claire’s out of administration.