Latest finance news – Page 367
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NewsNew Look boss on its tactics to win the fashion fulfilment battle
New Look is upping its investment in multichannel fulfilment as it aims to win the convenience war in the fashion sector.
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NewsAo.com reports pre-tax loss of £2.9m as Europe business hit by start-up costs
Ao.com has posted a pre-tax loss of £2.9m for the year as its European business was hit by a start-up loss of £8m after its launch in Germany.
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NewsNew Look strategy proves fruitful as full-year profits increase
New Look full-year profits increased as the retailer accelerates in multichannel as well as in UK and international growth.
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NewsMichael Kors like-for-likes fall as accessory demand weakens in US
Luxury lifestyle retailer Michael Kors has reported its slowest quarterly growth in North America since it listed in 2011.
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NewsSnow & Rock Group sold to Cotswold Outdoor owner AS Adventure Group
AS Adventure Group has stepped up its interest in UK retail by snapping up the Snow & Rock Group from LGV Capital for an undisclosed sum.
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NewsDublin department store Arnotts bought by Fitzwilliam Finance Partners
The battle for Irish department store Arnotts has come to an end after Fitzwilliam Finance Partners acquired its rival Apollo’s 50% stake.
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NewsMorrisons faces shareholder protest after Dalton Philips' £3m payout
Morrisons is braced for a shareholder protest over the £3m payout received by the grocer’s former chief executive, Dalton Philips.
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NewsErnest Jones owner Signet's sales rise driven by strong UK performance
H Samuel and Ernest Jones owner Signet recorded a jump in first-quarter sales after its UK arm delivered a strong life-for-like increase.
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NewsMountain Warehouse profits surge as cycling and ecommerce business booms
Mountain Warehouse sales and profits for the year have surged as it benefits from the cycling craze and its rapidly expanding ecommerce business.
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NewsGeneral election result dents consumer confidence in May
Consumer confidence fell in May, with a survey suggesting it could have been hit by the election of a Conservative government.
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NewsSports Direct reveals company profits ahead of expectations
Sports Direct owner Mike Ashley said the business’s performance is running ahead of expectations, at the retailer’s AGM yesterday.
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NewsFindel to keep hold of Kitbag business as it decides not to sell
Home shopping group Findel has decided not to sell its sports retail business Kitbag following a strategic review.
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NewsInfographic: Sunny weather hits bank holiday footfall at John Lewis
John Lewis sales dipped over the bank holiday as consumers basked in the sun, but Waitrose benefited from perfect picnic weather.
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NewsBreakfast Briefing: Retail news on Amazon, Sports Direct, B&M and more
Retail news round-up on May 29, 2015: Amazon plans to launch range of own-brand food products, Sports Direct’s pre-tax profits ahead of expectations, B&M snaps up 12 B&Q stores and more…
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NewsGoogle confirms launch of buy button for search results is "imminent"
Google has confirmed it will add a buy button to its search results in the near future as the web giant increasingly encroaches on Amazon and eBay’s territory.
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NewsB&M boss says results prove it can be a success outside its heartland
B&M boss Simon Arora says its success in the South has proved doubters wrong and that customers countrywide enjoy hunting for bargains.
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NewsApplegreen seeks £50m from float as convenience battle hots up
Petrol forecourt retailer Applegreen aims to raise £50m from a float as convenience food market competition intensifies.
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NewsScrewfix boosts Kingfisher but profits dampened by currency woes
Kingfisher’s boss said it has made a “solid” start to the year helped by a 15.4% jump in like-for-likes at its Screwfix business.
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NewsUniqlo swings to profit in Europe after UK and France merger
Uniqlo has swung to a profit in Europe for the year after a merger of its UK and French operations helped it double sales.
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NewsAhold first-quarter revenues drop as price war takes toll on margins
Dutch grocery giant Ahold reported a drop in revenues during its first quarter as cut-price deals took their toll on profit margins.