Latest finance news – Page 190
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NewsMiss Selfridge losses balloon as sales slump
Miss Selfridge suffered ballooning losses last year after a slump in sales and a writedown in the value of its property.
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NewsForever 21 to axe 350 stores amid Chapter 11 bankruptcy
Forever 21 has filed for Chapter 11 bankruptcy protection in the US amid plans to close up to 350 stores across the globe.
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NewsBooths sales on the rise but profits remain out of reach
Booths saw sales inch up over the course of the financial year, but profitability remained out of reach for the upmarket grocer.
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NewsAgenda: ScS, Greggs and Tesco update the market
Retail Week looks ahead to the next seven days with updates from Tesco, Ted Baker and Topps Tiles all on the agenda.
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NewsPoundland parent rebrands as it gears up for European expansion
Pepkor, the owner of discount variety chain Poundland, has rebranded as Pepco Group as it seeks to align itself with its largest Central European brand.
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NewsM&S chair Norman snaps up more shares
Marks & Spencer chair Archie Norman has bulked up his shareholding in the retailer.
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NewsSuning.com completes Carrefour China acquisition
Suning.com has completed its acquisition of Carrefour’s Chinese business, as the retailer looks to accelerate the expansion of its bricks-and-mortar portfolio.
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NewsLandlord drops Monsoon Accessorize CVA challenge
British Land has dropped a legal challenge to fashion retailer Monsoon Accessorize’s CVA.
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NewsConsumer confidence inches up despite looming Brexit deadline
Consumer confidence increased marginally across all measures in September as shoppers delivered mixed results ahead of the October 31 Brexit deadline.
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NewsDFS profits rise despite tough trading conditions
DFS has reported a healthy increase in its underlying profit before tax and hailed the progress made following the launch of its new strategy, despite the headwinds facing the sector.
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NewsOasis and Warehouse profits rise despite ‘challenging retail environment’
Oasis and Warehouse group posted “strong growth” in sales and profits during its full-year results, the first since new chief executive Hash Ladha was appointed last October.
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NewsIkea sales jump after focus on business transformation
Ingka Group, the owner of Ikea, has reported an increase in sales and hailed the success of its business transformation plan, which has seen it invest in new regions, home delivery networks and digital.
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NewsBoohoo profits rocket as international sales surge
Boohoo’s profits almost doubled in its first half as the etailer recorded “strong revenue growth” across its markets.
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NewsSainsbury’s second-quarter sales dented by Argos
Sainsbury’s has hailed “improved sales momentum” during its second-quarter despite challenging trading at Argos weighing on its top line.
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NewsM&Co profits fall as ‘unprecedented trading challenges’ bite
M&Co has posted a fall in annual earnings after confronting “unprecedented trading challenges”.
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NewsSmiggle ratchets up pressure on landlords
The Australian owner of stationery retailer Smiggle has laid the groundwork to increase the pressure on landlords in upcoming lease negotiations by aligning store fit-out costs with break clauses.
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NewsMoss Bros half-year profits flat as sales edge up
Moss Bros has posted broadly flat underlying profits at the half-year mark as the retailer posted a small uplift in overall revenue despite a slump in hire sales.
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NewsHotel Chocolat full-year profits beat expectations as sales climb
Hotel Chocolat has reported a sales rise spurred by product innovation in what boss Angus Thirlwell described as a “year of significant progress”.
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NewsCard Factory half-year profits slip as Brexit stockpiling hits margins
Card Factory has posted a decline in half-year profits despite increased sales as the retailer unveils plans to roll out its Aldi supply partnership.
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NewsMarks & Spencer finance boss Singer in shock exit
Marks & Spencer group chief financial officer Humphrey Singer is to leave the retailer less than two years into the role.