Latest finance news – Page 307
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NewsTed Baker boss Kelvin: 'No one wants Black Friday'
Ted Baker boss Ray Kelvin said today that the retailer will reluctantly participate in Back Friday.
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NewsTed Baker profits soar, driven by international sales
Ted Baker has reported rising half-year profits and sales as it plans further international expansion despite “challenging trading conditions”.
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NewsN Brown sales edge up but profits fall in 'challenging' market
N Brown has posted a drop in half-year profits as boss Angela Spindler said the retailer was “not immune” to challenges facing the fashion sector.
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NewsMatalan profits surge in second quarter but sales slide
Discount fashion retailer Matalan has unveiled soaring profits as its EBITDA rockets 570% to £15.4m in its second quarter.
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NewsOliver Bonas profits soar in ‘outstanding’ year
The homewares, fashion and gifts retailer more than doubled pre-tax profits to £5.2m last year.
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NewsBig four grocers to get £173m business rates reduction on larger stores
The big four grocers will receive a £173m tax reduction on their larger stores over the next five years following the business rates revaluation.
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NewsWalmart increases stake in etailer JD.com as it grows online business
Walmart has almost doubled its stake in Chinese etailer JD.com as the world’s biggest retailer continues to bolster its online presence.
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NewsAgenda: WHSmith, N Brown and Ted Baker post financial results
Retail Week looks ahead to the next seven days in the industry with updates from WHSmith, N Brown and Ted Baker on the agenda.
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NewsBreakfast briefing: Retail news on September sales, Walmart and more
Retail news round-up: Hot weather drags fashion sales in September, Walmart cuts profit forecast, and supermarket theft in Australia
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NewsDunelm like-for-likes slip in ‘unusually warm’ first quarter
Homewares retailer Dunelm has revealed a drop in its first-quarter like-for-likes as “unusually warm weather” dampened store footfall.
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NewsDFS full-year profits and sales rise as growth strategy bears fruit
Sofa specialist DFS has hailed a jump in annual sales and profits as its “tried and tested” growth strategy continues to pay off.
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NewsBreakfast briefing: Retail news on Tesco, OKA Direct and Aldi
Retail news round-up: Tesco Ireland's half-year sales flat, OKA Direct plots expansion after sales leap, Aldi enters fashion price war
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NewsTopps Tiles boss Williams: Brexit will not dent store expansion plans
Topps Tiles boss Matthew Williams has insisted the retailer will pursue its aggressive expansion plan despite Brexit’s impact on consumer confidence.
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NewsTesco’s Lewis confident of margin recovery in 'next phase' of turnaround
Tesco boss Dave Lewis is confident the grocer can rebuild margins as it moves into “the next phase” of its turnaround plan.
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NewsTopps Tiles reveals fourth-quarter blip in otherwise strong year
Topps Tiles has posted increased like-for-likes at its pre-close update, but revealed that its like-for-like growth slowed during the fourth quarter.
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NewsTesco profits fall but sales up as turnaround plans bear fruit
Tesco’s half-year sales have risen but pre-tax profits fell, while chief executive Dave Lewis unveiled plans to rebuild margins to 4%.
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NewsForecourt retail giants merge and name ex-Asda boss DeNunzio chairman
Forecourts operator Euro Garages is to merge with continental counterpart EFR and has drafted in former Asda boss Tony DeNunzio as chairman.
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NewsScS back in the black as profits spurred by strong sales
ScS has reported a return to profit as the retailer eyes further bricks-and-mortar expansion and sales at its House of Fraser concessions increase.
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NewsLiam Gallagher’s Pretty Green reports soaring profits and sales
Menswear retailer Pretty Green’s full-year sales and profits rocketed in the year to September 30, 2015 and trading in 2016 has also been positive.
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NewsWoolworths mulls selling petrol station chain as it refocuses on grocery
Australian grocer Woolworths is considering selling its petrol station forecourt business in a move that could net it A$1.5bn (£890m).