All City & finance articles – Page 81
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NewsNew Asos boss lays out 12-month turnaround plan as it swings to loss
Asos swung into the red as it struggled against an “incredibly challenging economic environment”.
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NewsExclusive: Fenwick sales rise and losses slashed after weaning itself off ‘discounts drug’
Department store business Fenwick increased sales and cut losses last year as it turned pandemic challenges into opportunities by changing its business model.
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NewsFrasers’ MySale offer goes unconditional as share threshold crossed
Frasers Group’s offer for online retailer MySale has gone unconditional after passing the 50% control threshold.
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NewsThe Hut founder Moulding adds to stake as SoftBank bails out
Matt Moulding has increased his shareholding in THG – formerly The Hut – after investor SoftBank unloaded its shares at below the etailer’s IPO valuation.
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NewsBensons for Beds rescues Eve Sleep out of administration
Embattled mattress retailer Eve Sleep has been rescued out of administration by Bensons for Beds.
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NewsGovernment U-turn on VAT-free shopping is ‘hammer blow’ for UK retail
UK retail representative bodies have called the government’s decision to roll back promised VAT-free shopping a “hammer blow” for an industry still struggling to recover fully from the pandemic.
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NewsAsos in 'final stages' of agreeing new financial covenants to avert cash-flow crisis
Pureplay fashion retailer Asos is in the “final stages” of agreeing new financial covenants in its revolving credit facility, following media speculation that one of its major insurers had cut cover.
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NewsEve Sleep abandons sale process and appoints administrators
Mattress-in-a-box brand Eve Sleep has drafted in administrators after abandoning its bid to find a buyer to turn around its fortunes.
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Opinion‘Marks & Spencer boss Machin counts down the days to greater growth’
Marks & Spencer is building on the foundations left by Steve Rowe and taking important steps for serving customers better and securing growth, writes George MacDonald
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NewsMarks & Spencer speeds up store churn programme
Marks & Spencer is to accelerate its churn of space, including store closures, as part of a ‘reshape for growth’ strategy.
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NewsJD Sports chief financial officer to step down
JD Sports chief financial officer Neil Greenhalgh is to leave the retailer next year.
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NewsDiscounter Pepco targets new store openings as customers fly to value
Poundland owner Pepco has said it will accelerate its new store opening programme as demand for its offering increases amid global economic uncertainty.
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NewsFrasers Group snaps up stake in N Brown
Sports Direct owner Frasers Group has snapped up a stake in N Brown, the pureplay retailer behind brands such as Jacamo and JD Williams.
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NewsScS profits soar ‘ahead of expectations’ as sales reach record highs
ScS has reported record sales figures in the first full year of its new strategy.
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NewsQuiz Clothing sales jump as customers seek 'glamorous looks at value prices'
Quiz Clothing has recorded an uplift in sales over the last six months as its occasionwear and dresses resonate with consumers.
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Opinion‘Act against consensus and find managers who think like owners’
At a time of massive economic upheaval, history brings a sense of perspective, believes True founder and executive chair Matt Truman
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News'Sustainability is the key to return to profit,' says Superdry boss
Superdry’s sustainability push has driven its stellar results, according to chief executive Julian Dunkerton.
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NewsSuperdry returns to profit on back of strategic progress
Fashion retailer Superdry is back in the black, helped by the lifting of pandemic restrictions and progress on its turnaround strategy.
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NewsN Brown profits tumble as cost-of-living crisis shrinks online market
N Brown has reported falling profits and sales as the ongoing inflationary environment and cost-of-living crisis shrinks the online market.
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NewsTopps Tiles posts record sales as online business grows
Topps Tiles has achieved record annual revenues for a second consecutive year and expects profits to be towards the upper end of market expectations.