Latest finance news – Page 303
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NewsWhistles losses spiralled before Foschini takeover
Whistles recorded full-year losses of £2.9m before its recent takeover by South African retail group Foschini, accounts at Companies House have revealed.
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NewsAmerican Apparel files for bankruptcy for a second time
American Apparel has filed for bankruptcy in the US, less than one week after its UK subsidiary appointed administrators.
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NewsDominic Chappell arrested as part of HMRC investigation
Former BHS owner Dominic Chappell has been arrested over HMRC allegations that he failed to pay taxes on profits made from the collapsed retailer.
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NewsSFO to conclude its probe into Tesco
The Serious Fraud Office (SFO) will decide within weeks whether to pursue a plea arrangement with Tesco and bring further charges against three former Tesco bosses.
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NewsGap's UK losses spiral as like-for-likes fall
Gap’s UK losses increased in its last financial year, as like-for-likes fell across both Gap and Banana Republic.
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NewsAgenda: Asda, B&M and Majestic Wine update
Retail Week looks ahead to the next seven days with Asda, B&M and grocery sales figures all on the agenda.
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NewsToday in retail: John Lewis Christmas advert is revealed
John Lewis unveiled its highly anticipated Christmas campaign this morning, causing not a few teary eyes on morning commutes.
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NewsSuperGroup sales soar in stellar half year
SuperGroup’s sales have rocketed in an impressive half year, where revenues rose across all divisions.
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NewsHalfords profits plunge but like-for-likes creep up
Halfords like-for-likes inched up across the group’s retail and autocentre segments but profits plunged in its half-year results.
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NewsToday in retail: Sainsbury's and The Donald in the news
The world has spent the day talking about Donald Trump and so have retailers mulling over the implications of his election as US president.
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NewsSainsbury's Coupe: We have no idea of cost inflation
Sainsbury’s boss Mike Coupe admitted he has “no idea” of the inflationary pressures that will emerge next year, but vowed to maintain its price position.
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NewsPrimark pledges to keep prices down for shoppers
Primark’s finance boss has vowed to offer “the best value on the high street” in the wake of rival retailers’ planned price hikes.
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NewsBurberry profits drop despite soaring UK like-for-likes
Burberry reported a slump in its first-half profits as rising like-for-likes in the UK failed to offset falling sales in Europe and Hong Kong.
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NewsSainsbury’s profits fall as like-for-like sales dip
Sainsbury’s first-half profits dropped while like-for-like sales edged down as the grocer drives its initiative for everyday low prices despite “challenging market conditions”.
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NewsToday in retail: Rowe upbeat despite fashion sales fall
M&S boss Steve Rowe was on fighting form when I saw him earlier today at the interim results meeting.
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NewsM&S’s Rowe vows to keep prices down despite sterling fall
Marks & Spencer chief executive Steve Rowe has pledged to keep prices down for customers despite sterling’s plunge.
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NewsNew Look narrows pre-tax losses but sales tumble
New Look has narrowed its pre-tax losses but suffered a sales slump amid an “extremely challenging” first half.
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NewsPrimark profits rise but weather dents UK like-for-likes
Primark has posted a rise in full-year profits but blamed “unseasonable weather” and “cautious” consumers for a fall in like-for-like sales.
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NewsBooths slumps to pre-tax loss as storms dampen sales
Booths has slumped to a pre-tax loss after food price deflation and Storm Desmond dampened its full-year performance.
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NewsFurniture retailer Betta Living falls into administration
Kitchen, bedroom and wardrobe retailer Betta Living has slumped into administration, putting hundreds of jobs at risk.