Latest finance news – Page 122
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NewsHouse of Fraser fury over Oxford Street closure
House of Fraser owner Frasers Group has reacted angrily after its flagship Oxford Street store was served notice to quit the premises.
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NewsAlibaba Singles Day sales growth slows to lowest ever rate
Alibaba has posted an increase in sales at its annual Singles Day shopping extravaganza, but growth slowed to its lowest rate since the festival began more than a decade ago.
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NewsThe Works counts ‘significant’ supply chain costs as sales rise
The Works has racked up “significant additional costs” to shore up its supply chains for the crucial golden quarter but insisted full-year profits will be in-line with market expectations.
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NewsTed Baker boss heralds turnaround plan as sales surge
Ted Baker has reported narrowing losses and a jump in group revenues as boss Rachel Osborne hailed the retailer’s transformation plan for turning the business around.
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NewsWHSmith losses narrow as retailer forecasts return to profitability in 2022
WHSmith has reported narrowing losses and forecasts a return to profitability next year as improving travel trends drove a sales recovery.
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NewsB&M profits slip as boss Arora warns of challenging second half
B&M delivered a slip in profits but a jump in group revenues as boss Simon Arora flagged the challenges facing the retail industry heading towards the crucial Christmas period.
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NewsMarks & Spencer profits climb as food sales surpass pre-pandemic levels
Marks & Spencer has reported a return to profit in its half-year results and upgraded its full-year outlook as boss Steve Rowe heralded “the hard yards” of its ongoing transformation as the driving force behind its strong performance.
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NewsHalfords updates outlook as profits and sales surge
Halfords has reported strong growth in both its retail and autocentre divisions, prompting the retailer to upgrade its full-year profit forecast.
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NewsPrimark leans into homewares after successful trial in Birmingham
Primark is set to roll out a dedicated homewares space in 40 stores after a successful trial in its Merry Hill store in Birmingham.
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NewsGymshark founder quashes ‘imminent’ IPO plans despite soaring revenues
Gymshark chief executive and founder Ben Francis has quashed rumours of an upcoming stock market flotation, despite doubling sales year on year.
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NewsWatches of Switzerland ‘bullish’ about Christmas success after year of disappointment
Watches of Switzerland have recorded soaring sales across all markets in which it operates and is gearing up for a blockbuster Christmas.
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NewsPrimark plans more store openings as profits rise
Primark owner Associated British Foods is seeking to grow the retailer’s store estate as it delivered a profit in the midst of pandemic disruption.
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NewsJD Sports to launch investigation into covert filming of chairman
JD Sports have begun an investigation into who was behind the filming of a meeting between the company’s chair Peter Cowgill and Footasylum boss Barry Bown at a car park in July.
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NewsAngling Direct websites closed amid cyber security ‘incident’
Specialist retailer Angling Direct’s websites have been hit by a “cyber security incident”.
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NewsCard Factory posts improved trading as shoppers return to stores
Card Factory has reported an improving sales trend as consumers return to shops following he Covid pandemic.
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NewsJD Sports defends boss over covertly filmed car park meeting
JD Sports has defended executive chair Peter Cowgill after a car park meeting between him and Footasylum boss was secretly filmed and questions were raised about whether it breached competition rules.
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NewsTHG’s Moulding reveals he regrets London IPO and prompts buy-back speculation
THG founder Matt Moulding has described the retailer’s London IPO as a “mistake” and sparked talk that he may take the business private.
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NewsSuperdry predicts strong Christmas ahead of opening new London flagship
Superdry has reported an “encouraging start” to the golden quarter despite a dip in sales overall.
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NewsJD Sports lambasts CMA as regulator orders sale of Footasylum
JD Sports has hit out at the competition watchdog after a final ruling ordered the retailer to sell the Footasylum business it acquired back in 2019.
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NewsIkea warns of price increases amid supply chain challenges
Ikea has said it expects to raise prices for consumers as ongoing supply chain disruption sparks higher transport and raw material costs.