Latest finance news – Page 188
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NewsAmazon’s third-quarter profits fall
Amazon has reported a fall in its third-quarter profits, the first time the ecommerce giant has suffered a drop in earnings for over a year.
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NewsBarneys accepts bid from marketing and entertainment company
Barneys New York has accepted a bid from an international brand development and marketing company after filing for bankruptcy in the summer.
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NewsForever 21 UK stores to commence £30m stock clearance sale
Forever 21 has commenced a £30m stock clearance sale from its three remaining UK stores, as its administrators look to wind up the business here.
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NewsShoe Zone revenues steadied by focus on big box stores
Shoe Zone has reported an uptick in revenues off the back of its ongoing focus on opening big-box format stores.
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NewsSports Direct appoints RSM as new auditor
Sports Direct has appointed RSM as its new auditor, succeeding Grant Thornton.
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NewsPoundland to move from ‘single’ to ‘simple’ pricing at all stores
Poundland is rolling out its ‘simple’ price proposition across its 840-strong store estate following a successful trial.
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NewsShop Direct losses spiral as PPI claims hit bottom line
Shop Direct has suffered widening pre-tax losses despite increased sales following an “unexpected surge” in PPI claims.
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NewsStore profit margins halved by soaring costs
Store-based profit margins have been decimated by rising costs over the last eight years, new research has shown.
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NewsWickes third-quarter sales climb despite ‘uncertain market’
Wickes has posted a strong uplift in third-quarter like-for-like sales as parent company Travis Perkins says the retailer’s demerger from the group is “on track” for next year.
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NewsSports Direct pulls Goals Soccer Centres takeover bid
Sports Direct has retracted its bid for Goals Soccer Centres, which the retailer attributed to having received “limited” co-operation from the business on a possible takeover.
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NewsBrexit fears threaten to put brakes on Christmas spending
Christmas spending is forecast to be lacklustre as concerns about Brexit weigh on shoppers.
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NewsBonmarché tumbles into administration placing thousands of jobs at risk
Bonmarché has tumbled into administration, with its boss blaming “a period of historic difficulty” on the high street for its demise.
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NewsAgenda: Travis Perkins, Shoe Zone and Shop Direct update the market
Retail Week looks ahead to the next seven days with updates from Travis Perkins, Shoe Zone and Shop Direct on the agenda.
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NewsFenwick swings to loss as boss Feather fashions its future
Fenwick has swung to a loss after suffering a slump in sales during a “challenging year for retail”.
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NewsWHSmith unveils $400m Marshall Retail acquisition as profits edge up
WHSmith is set to double the size of its international travel business with the acquisition of US travel chain Marshall Retail, as it unveiled full-year sales and profit growth.
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NewsHome Bargains profits climb as it plans to double store footprint
Home Bargains’ full-year sales passed the £2.5bn milestone as the business ramps up for aggressive bricks-and-mortar expansion.
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NewsJobs at risk as Jessops approaches administrators for property arm
Photographic retailer Jessops has approached administrators in a bid to salvage its struggling property arm.
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NewsRetail business rates to increase by £137m
The BRC has warned that retailers face a £137m business rates hike from next April based on the latest figures from the government’s consumer price index (CPI), which will pile more pressure on the sector.
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NewsMatalan profits dampened by ‘awful’ spring weather
Matalan has suffered a drop in second-quarter profit as political uncertainty and “awful” weather during spring dented earnings.
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NewsAgenda: Asos, WHSmith update the market
Retail Week looks ahead to the next seven days with updates from Asos and WHSmith on the agenda.