Latest finance news – Page 198
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NewsThe Hut Group sales and profits soar in ‘landmark year’
The Hut Group has posted an uplift in full-year sales and profits bolstered by international growth as the retailer scaled up investments across its brands and technology.
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NewsThe Works profits dip as like-for-like sales rise
The Works reported a decline in its profit before tax, despite an increase in its like-for-like sales.
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NewsTopps Tiles like for likes increase in third quarter
Topps Tiles has reported a rise in like-for-like sales in its third quarter and improved trading from the levels reported in the first half of the year.
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NewsSainsbury’s sales fall in ‘tough’ first quarter
Sainsbury’s like-for-like sales fell by 1.6% in the first quarter, as the grocer struggled in what it described as a “tough market”.
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NewsConsumers given ‘welcome break’ as shop prices fall
Shop prices fell last month for the first time since October last year in a sign of “fierce competition between retailers”, according to the BRC-Nielsen Shop Price Index.
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NewsFortress closes in on £100m Majestic Wine deal
US private equity firm Fortress is closing in on a £100m deal to buy Majestic Wine – and has sounded out industry veteran Dan Jago to run the business.
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NewsOffice latest high street retailer to mull CVA
Office is considering launching a CVA as part of a restructuring process which is expected to take place over the next few weeks.
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NewsBonmarché management sell stakes to Day
Bonmarché’s management have sold their shares in the business to Philip Day, just weeks after telling shareholders to ignore the entrepreneur’s offer.
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NewsJack Wills set for cash crunch after poor trading
Struggling fashion retailer Jack Wills is heading towards a cash crunch after burning through cash injections from its private equity owner BlueGem.
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NewsAgenda: Sainsbury’s and The Hut Group update the market
Retail Week looks ahead to the next seven days with updates from Sainsbury’s, The Hut Group and The Works on the agenda.
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NewsConsumers braced for ‘turbulence’ as confidence slides
Consumer confidence registered declines across all measures this month as shoppers’ concerns regarding their personal finances increased.
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NewsSuperdry postpones results after boardroom exodus
Superdry has announced it will delay posting its full-year results following “recent management transition”.
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NewsDay turns screw on Bonmarché by imposing offer deadline
Philip Day, owner of the Edinburgh Woollen Mill Group, has put a deadline on his his offer to buy Bonmarché over concerns about its ability to operate as a going concern.
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NewsKaren Millen owner to kick off takeover talks with bidders
Karen Millen’s parent company Kaupthing has launched an auction for the fashion chain, with formal talks with bidders to kick off in the coming days.
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NewsBoots third-quarter sales slide as retail arm suffers
Walgreens Boots Alliance has recorded a decline its third-quarter profits as the performance of its international arm was dragged down by Boots’ falling sales.
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NewsItalian womenswear brand Stefanel in administration
Italian fashion brand Stefanel UK arm has crashed into administration and is set to close both its London stores.
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NewsThe Hut Group makes first foray into bricks and mortar in Manchester
The Hut Group has completed the purchase of a building that formerly housed a Jamie’s Italian restaurant in Manchester, marking its first move into bricks-and-mortar retail.
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NewsBonmarché shareholder ‘disgusted’ by Day bid U-turn
One of Bonmarché’s largest shareholders has lashed out over the fashion retailer’s U-turn on a £5.7m takeover bid by billionaire Philip Day.
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NewsBathstore crashes into administration
Bathstore.com has collapsed into administration following years of tough trading conditions, putting hundreds of jobs at risk.
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NewsBonmarché in Day offer U-turn as ‘poor’ trading continues
Bonmarché’s board has said that poor trading during the first quarter means the offer made by Philip Day looks “more attractive”, despite not having been improved.