Latest finance news – Page 209
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NewsMoss Bros plans to double online sales in three years
Moss Bros will aim to double its online sales over the next three years in a bid to arrest declining profits.
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NewsAnalysis: Is Gormley's strategy Majestic or misguided?
When Rowan Gormley took the reins at Majestic Wine, then-chair Phil Wrigley claimed the new boss had been “handed the keys to the Ferrari”.
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NewsMoss Bros swings to red as like-for-likes slip
Moss Bros’ like-for-likes fell during its full year as it slipped into the red with the business blaming deep discounting, falling footfall and stock shortages for its woes.
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NewsSports Direct mulls cash bid for Debenhams
Sports Direct is considering making a cash offer for Debenhams in its latest attempt to gain control of the ailing business.
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NewsSports Direct slams Debenhams over rejected Magasin bid
Sports Direct has hit out at Debenhams’ board for rejecting its £100m offer for Magasin Du Nord and for failing to engage in discussions with the business.
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NewsSir Philip Green facing Arcadia pension blackhole
Sir Philip Green is facing the prospect of increasing his contributions to Arcadia’s pension schemes, as he mulls a potential company voluntary arrangement.
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NewsSainsbury’s-Asda CMA probe flawed, say economists
The competition watchdog’s investigation into the proposed merger between Sainsbury’s and Asda was flawed, according to a group of economists.
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NewsAgenda: Moss Bros, MySale, Brexit and Retail Week Live
Retail Week looks ahead to the next seven days with results from MySale and Moss Bros, plus the latest Brexit vote, on the agenda
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NewsPaperchase given the green light for a CVA
Paperchase is set to close at least five stores after winning credit approval for its proposed CVA this afternoon.
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NewsSainsbury's-Asda offer to sell 150 supermarkets
Sainsbury’s and Asda have offered to sell up to 150 supermarkets in a bid to convince competition authorities to agree to their £13bn mega-merger.
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NewsArcadia appoints GCW as it mulls CVA
Arcadia has appointed property agency GCW to oversee its proposed restructuring process, Retail Week understands.
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NewsSuperdry: ‘Back me to save Christmas’, Dunkerton urges
Superdry founder Julian Dunkerton has called on investors to back his reappointment to the board to ensure the strongest possible trading over the key Christmas period.
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NewsUpdate: Battle for Debenhams heats up
Debenhams has secured a £200m funding injection as the business battles to secure its future amid the overtures of Sports Direct.
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NewsMike Ashley rules out buying Arcadia ‘even for £1’
Sports Direct owner Mike Ashely has launched an attack on Sir Philip Green, insisting he wouldn’t buy his Arcadia retail empire even “for a pound”.
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NewsGame profits increase driven by cost-cutting programme
Game has posted an increase in profits at the half-year mark despite falling sales, in what boss Martyn Gibbs described as “a challenging retail environment”.
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NewsTed Baker full-year profits slide as sales rise
Ted Baker has posted a steep decline in its full-year profits despite increased sales, which acting boss Lindsey Page attributed to “difficult trading conditions.”
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NewsNext full-year profits edge down as store sales decline
Next has recorded a dip in pre-tax profits in its full-year results as falling sales in its stores were offset by rises across its online and brand sales.
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NewsRetail crime costs up to £1.9bn in 2018
The latest BRC Retail Crime Survey shows that spending on prevention and losses from crime cost the retail sector £1.9bn in 2018.
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NewsThe Entertainer sales and profits climb
The Entertainer recorded a rise in profits bolstered by strong like for likes, which founder Gary Grant credited to its ”enthusiastic, loyal staff”.
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NewsKingfisher plans for Laury's exit as profits crash
Kingfisher has begun to lay the plans for its next chief executive appointment against a backdrop of falling profits.