Latest finance news – Page 189
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NewsQuiz laments ‘challenging’ market as store sales slump
Quiz has suffered a fall in sales during its first half as “very challenging” conditions on the high street impacted its top line.
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NewsAnalysis: Notonthehighstreet profits climb despite flat sales
Notonthehighstreet.com has recorded a jump in full-year operating EBITDA spurred by cost efficiencies as the business gears up for growth.
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NewsDunelm sales rise after ‘particularly strong’ first quarter
Dunelm saw both like-for-like and total sales increase in what it described as a “particularly strong” first quarter of trading.
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NewsN Brown back in the black as online powers growth
N Brown reported a return to profit in its interim results, citing its focus on ecommerce as one of the key reasons for its turnaround.
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NewsMade.com losses widen despite ‘record’ sales
Made.com’s losses widened despite posting record full-year sales bolstered by international expansion and redevelopment of its flagship London showroom.
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NewsDebenhams wins £50m backing to fund peak trading
Department store group Debenhams has secured an additional £50m of funding that will enable it to trade at full-tilt over the vital Christmas period, Retail Week can reveal.
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NewsLinks of London tumbles into administration
Jewellery chain Links of London has tumbled into administration, putting up to 350 jobs at risk in what is another blow to the ailing UK high street.
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NewsKingfisher appoints new finance chief
DIY giant Kingfisher has named Bernard Bot as its new chief financial officer.
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NewsTapi losses widen as store rollout grinds to a halt
Tapi has reported widening full-year losses, as its accelerated store rollout programme begins to slow down.
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NewsAngling Direct posts first-half profits rise
Angling Direct has reported a rise in interim sales and profits and said it will meet full-year expectations.
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NewsHarrods boss warns on dangers of Corbyn government as profits slip
Harrods managing director Michael Ward has voiced fears that a Corbyn administration would impose money exchange controls to stop cash flowing overseas and that wealthy customers would take fright.
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NewsDeliveroo sales double but losses balloon
Deliveroo has reported deepening pre-tax losses, despite more than doubling its sales over the last year, as it splashed out on “major investments”.
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NewsAgenda: Dunelm, N Brown and Quiz update the market
Retail Week looks ahead to the next seven days with updates from N Brown, Dunelm and Quiz all on the agenda.
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NewsH&M quarterly profits rise for first time in two years
H&M has posted its first rise in quarterly profits for more than two years as digital investments and strong demand for its summer collections bore fruit.
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NewsTopps Tiles full-year sales rise in ‘tough market’
The flooring specialist has said it expects its full-year like-for-like sales to be up year on year, with profits in line with current market expectations.
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NewsTesco boss Dave Lewis to step down as interim profits rise
Tesco chief executive Dave Lewis is set to step down from the grocer next year as the business delivers half-year profit growth and flat sales.
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NewsCMA escalates investigation into JD Sports’ Footasylum acquisition
The Competition and Markets Authority has today escalated its probe into JD Sports’ £90m swoop for Footasylum, after the footwear retailer decided there wasn’t any “appropriate remedies” to avoid the phase 2 probe.
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NewsScS profits up as boss hails year of ‘good progress’
ScS has said its financial health “has never been as strong”, following a year which saw both its profits and sales rise.
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NewsGreggs sales soar after trade continues ‘very strongly’
Greggs has hailed another quarter of strong sales growth, saying it “continued to trade very strongly” on the high street.
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NewsIdeal Shopping Direct back in the black after changes at the top
Ideal Shopping Direct has swung from heavy losses to an expected profit in less than a year, spearheaded by a number of new senior appointments.