Latest finance news – Page 252
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NewsJigsaw Christmas sales rise driven by online
Jigsaw has reported a healthy boost in Christmas sales as it continued to shun Black Friday.
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NewsAldi Christmas sales soar as it ups store staff pay
Aldi has recorded surging Christmas sales, pushing the discounter over the £10bn total sales mark in the UK and Ireland for the first time.
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NewsDebenhams warns on profits as Christmas sales fall
Debenhams’ Christmas like-for-like sales dropped despite increased promotional activity in what boss Sergio Bucher called a “challenging” period.
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NewsMountain Warehouse records Christmas sales hike
Mountain Warehouse has recorded a dizzying ascent in Christmas sales driven by strong international demand, Retail Week can reveal.
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NewsPoundland parent: Financial ties to Steinhoff ‘severed’
Poundland parent company Pepkor Europe’s chief operating officer Sean Cardinaal said the subsidiary has financially “severed any kind of alliance” with Steinhoff through a newly secured £180m loan.
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NewsNisa Christmas sales rise driven by store expansion
Nisa has delivered strong Christmas sales bolstered by aggressive expansion, demand for fresh food products and healthy like-for-like growth.
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NewsCo-op Christmas sales jump ahead of 'challenging' year
The Co-op has hailed its “best Christmas ever” after its core convenience business registered a spike in sales during the festive season.
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NewsJohn Lewis unveils bumper last-minute Christmas sales
John Lewis enjoyed bumper sales in the pivotal seven days before Christmas, with the retailer hailing its “biggest ever week” in fashion.
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NewsChristmas sales soar at plus-size retailer Scarlett & Jo
ScarlettandJo.com, the pureplay specialising in plus-size fashion, notched up a like-for-like sales rise of 61% over the peak period.
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NewsNext ups profit guidance despite retail sales dive
Next has marginally increased its profit guidance despite falling retail sales in the run-up to Christmas.
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NewsWhistles losses shrink but sales remain flat
Whistles has reported shrinking losses on flat sales during its first year under new ownership.
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NewsM&S sells Hong Kong and Macau business to Al-Futtaim
Marks & Spencer has sold its 27-store business in Hong Kong and Macau to franchise partner Al-Futtaim.
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NewsPoundland owner Steinhoff downgraded amid debt concerns
Poundland owner Steinhoff has been rocked by another downgrade by credit ratings agency Moody’s amid fears the conglomerate may struggle to “sustain its European operations”.
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NewsAgenda: Next and the BRC Nielsen Shop Price Index
Retail Week looks ahead to the next seven days, with an update from Next and the BRC Nielsen Shop Price Index on the agenda.
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NewsDFS snaps up stores from collapsed rival Multiyork
DFS has swooped on a number of collapsed rival Multiyork’s stores and acquired the rights to its brand name and product designs.
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NewsToys R Us creditors throw retailer a lifeline
Toys R Us creditors have voted in favour of the toy retailer’s survival plan, averting the immediate threat of administration.
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NewsConsumer confidence dips to four-year low in December
Consumer confidence continued its downward spiral this month, hitting the lowest point this year and marking the lowest-scoring December since 2013.
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NewsRetailers bank on rush as Christmas goes to the wire
Shoppers are expected to belatedly hit the high street in force from today, and retailers are banking on the last-minute rush to bolster seasonal performance.
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NewsMissguided falls into loss despite sales spike
Missguided has dropped into the red in its full-year update as it ploughed investment into its distribution centre, although its sales skyrocketed.
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NewsTesco-Booker given go-ahead after second phase of probe
Following an “in-depth” second phase examination, the Competition and Markets Authority (CMA) has given Tesco the green light to acquire wholesaler Booker.