Latest finance news – Page 12
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NewsGreggs issues profit warning
Food-to-go giant Greggs has issued a profit warning, saying that it was dealing with strong year-on-year sales comparatives and ballooning costs across the business.
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NewsScS-owner Poltronesofà sees sales uptick from refreshed UK stores
ScS-owner Poltronesofà is close to completing a £57m transformation of 96 of the sofa retailer’s stores and expects it to be “highly profitable” by 2026, Retail Week can reveal.
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NewsClarks slashes 1,200 jobs as sales slump in ‘year of transition’
Footwear specialist Clarks slashed more than 1,000 jobs last year as its sales slumped by almost £100m in a “year of transition” at the business.
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NewsSainsbury’s posts sales boost and hits highest market share in decade
Sainsbury’s has delivered strong first quarter growth, with gains in retail sales and in market share.
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NewsShop prices return to inflation as retailers battle cost pressures
Headline shop prices have returned to inflation in June as cost pressures on retailers take toll.
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NewsWHSmith revises sale of UK high street arm
WHSmith has announced the completion of the sale of its UK high street arm to new owner Modella Capital under amended sale terms.
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NewsBoots sales rise as online performance continues to strengthen
High street health and beauty retailer Boots has recorded a rise in sales as its online performance continues to grow.
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NewsTopps Tiles names new chief executive
A former National Express boss has been appointed as the new chief executive of Topps Tiles.
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NewsH&M profits fall as costs and markdowns take toll
H&M has reported a decline in operating profit in its most recent quarter and the first half of its financial year.
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NewsMoonpig boss to step down as annual profits edge up
Moonpig chief executive Nickyl Raithatha is to leave the greetings card specialist after seven years in post.
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NewsHalfords sales rise and profit grows ahead of expectations
Cycling and motoring specialist Halfords has recorded a rise in overall revenue as profit came in ahead of expectations.
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NewsMarks Electrical reports record revenue before pivoting to more premium offering
Marks Electrical has reported record full-year revenue as it now turns its attention to focusing on its offering in the premium segment.
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NewsProCook ‘significantly outperforms market’ as revenue and profits climb
ProCook has said it has “significantly outperformed” the UK kitchenware market as both sales and profits increase.
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NewsRiver Island names locations of upcoming store closures
High street fashion retailer River Island has revealed the locations of the stores it plans to close as part of its restructuring process.
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NewsHomebase to launch its website in Ireland
Home and garden retailer Homebase is set to launch its website in Ireland, allowing Irish customers to shop and browse products online.
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NewsNeptune returns to growth following recovery plan
Neptune has made a return to profitable growth and promises a “step change” in its financial performance and brand development over the next year.
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NewsHundreds of jobs at risk as River Island mulls store closures
Hundreds of jobs at fashion retailer River Island could be set to go, as the struggling brand looks to push through store closures and rent cuts as part of its restructuring plans.
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NewsBarratts Shoes makes online comeback over a decade after disappearing from high street
UK footwear retailer Barratts is today making a return to retail, over a decade after collapsing into administration.
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NewsSlight boost in consumer confidence due to brighter outlook on economy
Consumer confidence in the UK has edged up in June as sentiment on the economic outlook has improved.
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NewsRefy sales rocket following scaling of operations and market expansion
UK-founded beauty brand Refy has seen its sales and profit increase after a year of “phenomenal growth” in scaling operations and expanding to new markets.