Latest finance news – Page 347
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NewsSports Direct boss Dave Forsey vows to "reflect" on latest controversy
Sports Direct boss Dave Forsey has said he will “reflect” on the latest controversy surrounding the retailer as its share price dived today.
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NewsThe White Company targets US stores as part of ambitious expansion plans
The White Company is hunting for physical sites in the US as the retailer aims to expand its American arm over the next ten years.
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NewsDarty first-half profits surge 71% following growth initiatives
Pre-tax profits at French electricals specialist Darty surged 71% to €24.3m (£17.5m) in its first half after plans for growth paid off.
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NewsMulberry edges back into profit as online sales jump 20%
Luxury fashion brand Mulberry has returned to the black in its half-year as the retailer continues to push its multichannel offer.
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NewsOcado fourth-quarter sales jump 13% as order numbers continue to grow
Online grocer Ocado has reported a 13% jump in fourth-quarter retail sales to £351.8m as order numbers also climbed.
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NewsSports Direct profits rise as it drives sales of higher quality products
Sports Direct has reported a 3.6% jump in underlying pre-tax profits during its first half as it drove higher sales of better quality products.
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NewsHouse of Fraser boosted by online as third-quarter sales and profits up
Department store House of Fraser has reported a rise in third-quarter sales and profits helped by a jump in online revenues.
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NewsTesco-owned garden centre chain Dobbies slumps to £48.4m loss
Tesco-owned garden centre chain Dobbies has slumped to a full-year pre-tax loss of £48.4m after writing down the value of its portfolio.
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NewsBreakfast briefing: Retail news on Sports Direct, Tesco's Dobbies and more
Retail news round-up on December 9, 2015: Sports Direct takes over upmarket gym in west London and Dobbies garden centre falls deep into red.
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NewsAo.com boosted by investment from US hedge fund Ruane, Cunniff & Goldfarb
Ao.com’s share price surged yesterday after the retailer revealed that a US hedge fund had taken a stake in the business.
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NewsBreakfast briefing: Retail news on Ao World, WHSmith, Staples and Office Depot
Retail news round-up on December 8, 2015: Ruane Cunniff & Goldfarb snaps up 5.4% stake in Ao.com and WHSmith boss gets 55% pay rise after best sales.
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NewsRetailers face business rates revaluation shake-up, says report
Retailers should brace themselves for a drastic shake-up to the amount they shell out in business rates, a new report has warned.
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NewsJigsaw full-year trading breaks £100m barrier for the first time
Sales at Jigsaw have soared past the £100m mark, as the fashion chain sets pieces in place for further international expansion.
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NewsCath Kidston losses widen amid 'substantial investment' in Asian expansion
Cath Kidston’s full-year losses have widened to £14.2m despite soaring international sales as it continues its expansion in Asia.
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NewsFrench DIY retailer Leroy Merlin eyes Homebase takeover
French DIY group Leroy Merlin, which has stores across 12 countries, is mulling a bid for Homebase, it is understood.
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NewsBreakfast briefing: Retail news on business rates, Tesco, Homebase and more
Retail news round-up on December 7, 2015: High street to see hike in rates bill, Findel investors fear business closure and plastic bags usage down at Tesco.
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NewsAnn Summers to launch 'Rabbit' dating app as it bounces back to black
Ann Summers is launching a dating app next month as the retailer looks to capitalise on its high proportion of single customers.
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NewsBlack Friday spend spreads as retailers run extended promotional periods
includeRetailers’ plans to avoid a pinch point on Black Friday paid off as MasterCard data showed strong sales ahead of the event.
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NewsHigh street sales slump 4.3% in November after Black Friday 'damp squib'
High street sales slumped 4.3% in November after the ‘damp squib’ of Black Friday saw footfall tumble while trade shifted online.
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NewsJD Sports revises up full-year profit forecast after strong trading
JD Sports Fashion has said it expects full-year profits to beat forecasts after “relatively strong” trading since the summer.