Latest finance news – Page 259
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NewsBunnings sales hammered by tough trading at Homebase
Bunnings parent company Wesfarmers, which bought Homebase last year, said first-quarter sales slumped 13.8% to £276m at its fledgling UK and Ireland business.
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NewsSports Direct gears up for cycling store roll out
Sports Direct has snapped up triathlon specialist brand Tri UK and plans to roll out six new stores next year, including a Nottingham flagship.
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NewsWiggleCRC boosts European presence with Bike24 deal
WiggleCRC has snapped up German cycling etailer Bike24 to ramp up its European reach in a reported £100m acquisition.
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NewsCarpetright revamps beds offer with shop-in-shop pilot
Carpetright is taking steps to shake up its beds proposition starting with an ‘under the radar’ trial of a new concept at eight stores.
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NewsShoe Zone sales shrink as store closures hit bottom line
Shoe Zone’s sales have shrunk as the impact of closing loss-making stores hit the retailer’s bottom line.
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NewsCarpetright UK like-for-likes up in 'volatile' market
Carpetright’s second-quarter UK like-for-likes have inched up despite a “volatile” market, the business has reported.
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NewsToday in retail: Business groups apply Brexit pressure
As if it wasn’t already feeling the heat, the Government is now under even more pressure to quickly secure a Brexit deal.
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NewsGear4music shrugs off results mess-up as revenues rise
Gear4music has posted a rise in sales and gross profit during its first half.
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NewsHut Group builds acquisition war chest with £515m credit
The Hut Group has secured a £515m revolving credit facility to bolster its acquisition war chest.
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NewsHobbs profits rise as turnaround plan bears fruit
Hobbs has posted an increase in full-year profits and sales as the retailer’s turnaround plan begins to pay dividends.
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NewsDebenhams dismisses claims of 'immoral' supplier demands
Debenhams has hit back at accusations that it demanded “immoral” discounts from its suppliers, following reports over the weekend.
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NewsAgenda: Debenhams updates the market
Retail Week looks ahead to the next seven days, with a preliminary update from Debenhams on the agenda.
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NewsShop Direct’s Barclay brothers to scoop £200m in deal
Shop Direct owners the Barclay brothers will receive over £200m in a refinancing deal, following their decision to abandon a sale of the business.
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NewsGames Workshop sales and profits 'well above' last year
Fantasy game specialist Games Workshop has said that its sales and profits are running “well above” the level they were at last year.
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NewsWickes like-for-likes slow in ‘difficult’ market
Wickes like-for-like growth slowed to 2.4% in its third quarter as it faced an “increasingly difficult market environment”.
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NewsToday in retail: Sainsbury’s cuts are a necessary evil
Sainsbury’s revelation that it is axing 2,000 roles as it restructures its human resources team represents a painful but necessary move.
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NewsTapi losses widen amid ‘aggressive’ store expansion
Tapi – the flooring retailer set up by Martin Harris, son of Carpetright founder Lord Harris – racked up pre-tax losses of £10.2m in 2016.
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NewsBRC calls for business rates freeze as inflation bites
The British Retail Consortium (BRC) has called for business rates to be frozen as UK inflation reaches a five-year high.
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NewsAsos profits skyrocket bolstered by weak pound
Asos’ full-year profits have more than doubled, driven by strong international sales and currency tailwinds in what boss Nick Beighton dubbed “a great year”.
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NewsToday in retail: Zara's store shake-up hits bottom line
Fast fashion high-flier Zara latest full-year results were uncharacteristically subdued today as changes to its store portfolio impacted profits.