Latest finance news – Page 268
-
NewsMorrisons pens ‘ground-breaking’ McColl’s supply deal
Morrisons has penned a lucrative wholesale deal to supply McColl’s convenience stores and newsagents across the UK.
-
NewsBooths to undergo review after struggling with loans
Booths will undergo a financial review after nearly breaching its loan terms, which may result in its owners making a one-off payment to retain independence.
-
NewsToday in retail: Do Amazon’s profits really matter?
Amazon’s volatile profits have become a fact of retail life – and this quarter was no exception, with profits crashing.
-
NewsConsumer spending power down across Britain
Discretionary spending power has shrunk across three-quarters of the UK, according to the Asda Income Tracker.
-
NewsAmazon’s profits plunge as sales continue to rise
Amazon’s profits fell sharply in its second quarter, as the etail giant continued to sacrifice its bottom line in favour of rapid expansion.
-
NewsMatchesfashion.com owners explore sale options
Matchesfashion.com’s owners are reportedly exploring potential sale options, hunting for advisers to manage the process.
-
NewsAgenda: Next and Wickes owner Travis Perkins update
Retail Week looks ahead to the next seven days, with financial updates from Next and Wickes owner Travis Perkins both on the agenda.
-
NewsConsumer confidence sinks back to post-Brexit low
Consumer confidence has sunk to the low level last reached in the immediate aftermath of the Brexit vote last July.
-
NewsSports Direct ups French Connection stake to 27%
Sports Direct has increased its stake in French Connection to 27% after snapping up shares from two of the fashion chain’s activist investors.
-
NewsBonmarché sales advance as turnaround bears fruit
Bonmarché unveiled an increase in both online and store sales in its first quarter as the fashion retailer’s new strategy began to pay off.
-
NewsToday in retail: American Eagle flies away home
Merely three years after hatching its UK business, American Eagle is spreading its wings and flying away home.
-
NewsDunelm to open up to 50 Kiddicare shop-in-shops
Dunelm is planning to install large Kiddicare shop-in-shops in as many as 50 of its stores, Retail Week can reveal.
-
NewsWilko full-year profits plunge as Brexit bites
Wilko has posted plummeting profits as both the pound’s fall and the “unilateral imposition” of the national living wage battered the business.
-
NewsMySale profits jump as customer numbers increase
Online flash sales business MySale has registered a jump in full-year earnings, driven by a spike in customer numbers and gross margin gains.
-
NewsJoules profits surge in first full year since IPO
Joules has posted rocketing profits and sales in its first full year since floating on AIM.
-
NewsRetail rich list 2017: The industry’s wealthiest 100
Retail Week’s list of the top 100 richest retailers has uncovered record wealth, a surprisingly high proportion of new entries and a new number one.
-
NewsGames Workshop sales soar as it ups profit forecast
Games Workshop has posted a leap in its full-year sales and said profits for its current financial year are “likely to be above market expectations”.
-
NewsMcColl’s targets convenience store acquisitions
McColl’s is set to hit the acquisition trail again as it looks to grow its convenience store offering.
-
NewsMichael Kors to buy Jimmy Choo for £896m
Fashion brand Michael Kors is set to snap up Jimmy Choo with a bid valuing the luxury footwear retailer at 230p per share.
-
NewsBathstore records rise in full-year profit
Bathstore has reported a rise in gross profit – its preferred measure – and sales in its last financial year.