Latest finance news – Page 3
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NewsRetail group behind Wilko and The Range returns to profit
The retail group consisting of The Range, Wilko, and more recently Homebase, has seen a return to profit.
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NewsLow consumer confidence weighs on UK retail footfall
Low consumer confidence ahead of the upcoming Budget next month is driving shoppers away from retail locations, the British Retail Consortium (BRC) has warned.
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NewsFrasers Group snaps up majority stake in US luxury retailer
Frasers Group has snapped up a majority stake in US luxury multi-brand retailer The Webster as the retail giant ramps up its international expansion.
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NewsN Brown to axe hundreds of jobs as it trims costs
N Brown Group is planning to cut some 270 roles across its head office and warehouse as it looks to trim costs.
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NewsModella Capital demands rent cuts from Claire’s landlords
Private equity firm Modella Capital has demanded rent holidays until after Christmas from the landlords of the stores it acquired as part of its £3.6m deal to save the struggling retailer, Retail Week understands.
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NewsB&M unveils turnaround plan after issuing profit warning
Value retailer B&M has launched a “decisive” turnaround plan, after issuing a profit warning for the first half.
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NewsModella Capital weighs up bid for New Look
New Claire’s Accessories owner Modella Capital is understood to be considering a potential bid for womenswear brand New Look, Retail Week understands.
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NewsWhite Stuff sales boosted by new store openings
White Stuff has delivered a 20% increase in full year sales, boosted by new store openings, customer acquisition and its ongoing brand transformation.
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NewsLidl investment in price tops £250m ahead of Christmas rush
Discount giant Lidl has today announced it has invested £250m in price this year, ahead of the all-important festive trading season.
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NewsHarrods allocates £60m for abuse victims as store records loss
Harrods has allocated more than £60m in compensation via a redress scheme for the alleged victims of historical abuse.
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NewsThe Cotswold Company being prepared for sale
The Cotswold Company is being prepared for sale by its private equity owners, according to reports.
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NewsAsos launches creator-led live shopping
Asos has introduced live shopping on its mobile app, allowing customers to purchase products through live or on demand video content.
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NewsNew Deliveroo CEO named after DoorDash deal completes
The founder of Wolt, a business acquired by DoorDash in 2022, has been named as the new chief executive of Deliveroo, after its acquisition by American giant DoorDash was completed yesterday.
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NewsTesco ups profit outlook, helped by warm weather and price cuts
Britain’s biggest grocer posted a 4.3% like-for-like sales increase in the first half of its financial year, with growth across all of its markets.
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NewsCastore boss Beahon: ‘The wholesale market really likes Belstaff’
The boss of Castore plans to focus on growing Belstaff’s wholesale and ecommerce channels, as he sets out his vision for the menswear brand under his ownership.
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NewsSelfridges narrows losses despite sales dip
Selfridges has more than halved its losses, despite posting a small dip in revenues as it focused on higher margin sales.
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NewsTopps Tiles achieves ‘another year of record turnover’
Topps Tiles has seen another year of record turnover as it continues to make strategic progress to improve performance.
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NewsGreggs sees sales rise despite ‘challenging market’
Food-to-go retailer Greggs has recorded a sales uplift, in what it says is “progress in a challenging market”.
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NewsBRC warns government any further tax rises will ‘keep shop prices higher for longer’
The British Retail Consortium has warned the government against any further tax rises on UK retailers, saying doing so would only serve to keep “shop prices higher for longer”.
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NewsCard Factory looks ahead to festive season after first half profits slump
Card Factory is anticipating strong trading through the coming peak festive season, after profits slumped in the first half of its financial year.