Latest finance news – Page 309
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NewsSainsbury’s second-quarter sales fall in 'competitive market'
Sainsbury’s boss Mike Coupe has insisted the grocer will “continue to outperform” the big four, despite falling total sales and like-for-likes.
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NewsConsumer confidence slows as job security fears surface
Consumer confidence slowed this month and is yet to return to pre-Brexit levels as people fear for their job prospects, latest figures show.
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NewsBreakfast briefing: Retail news on high street sales, Walmart and more
Retail news round-up: September retail sales slump, Next founder calls for more women in top roles and Walmart mulls stake in India's Flipkart.
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NewsAldi prepared to sacrifice more margin as it refuses to be beaten on price
Aldi is willing to further sacrifice profitability and even if necessary to sustain losses in order to maintain price competitiveness.
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NewsCard Factory profits rise but 'softer' footfall hampers like-for-likes
Card Factory has posted a rise in half-year profits and sales but claimed softer footfall resulted in “lower than normal” revenue growth.
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NewsHouse of Fraser profits slip amid 'extremely volatile' trading
House of Fraser has warned of “subdued trading” ahead as its profits slipped during a “volatile” and “challenging” first half.
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NewsBoohoo profits more than double and sales soar in 'robust' half year
Boohoo’sprofits have rocketed 129% in its half-year as the fast fashion etailer unveils “robust growth across all regions”.
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NewsBreakfast briefing: Retail news on Irish grocery market and Trouva
Retail news round-up: Supervalu maintains its top place in the Irish grocery market, and e-marketplace Trouva’s monthly sales are up
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NewsAmerican Apparel boss quits amid 'challenging' trading
American Apparel boss Paula Schneider, who was appointed to engineer a turnaround, has resigned amid reports of a possible sale.
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NewsStationery retailer Smiggle on track to meet target of 200 UK stores
Australian retailer Smiggle has ploughed on with its global expansion plans and said it is on track to open 200 stores in the UK by 2019.
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NewsTesco takes a knock as pension blackhole balloons to estimated £5bn
Tesco’s pension deficit has reportedly doubled to more than £5bn in the past year, which could threaten its ability to resume paying dividends.
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NewsAldi plans £300m store refresh initiative but profits slip
Aldi has unveiled plans to spend £300m on revamping its UK and Ireland stores, but its full-year profits were hampered by its investment in price.
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NewsCo-op profits shrink but sales grow in its half-year amid investment drive
Like-for-like sales at Co-op’s convenience arm jumped 4.3% in its half-year, but profits sank 51% following investment and pay increases.
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NewsAgenda: Sainsbury's, Boohoo, Moss Bros and MySale post updates
Retail Week looks ahead to the next seven days with updates from Sainsbury’s, Boohoo, Moss Bros and MySale all on the agenda.
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NewsAsda launches second wave of price cuts in less than a fortnight
Big four giant Asda has launched a fresh wave of price cuts, less than two weeks after it last slashed prices, Retail Week can reveal.
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NewsN Brown faces £8m costs after customer compensation error
N Brown faces costs of up to £8m after it wrongly calculated compensation after complaints from customers in its financial services division.
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NewsM&S staff that reject pay changes could lose jobs, says MP
MP Siobhain McDonagh claims that leaked documents from Mark & Spencer indicate the retailer could cut staff that reject a pay deal.
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NewsTourists boost post-Brexit London but business rates are cause for concern
Tourists have boosted West End tax-free sales by 44% in August, but retailers in the district are set to be dented by business rates.
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NewsZara owner Inditex profits and sales rise as store expansion rolls on
Spanish fashion retail giant Inditex has reported a rise in first-half profits and sales as it continues to grow its global store network.
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NewsBonmarché issues profit warning after 'extremely poor' September
Bonmarché has lowered its full-year profits forecast after an “extremely poor” September and ongoing uncertainty over market conditions.