Latest finance news – Page 378
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NewsN Brown issues another profit warning as price investment hits margin
N Brown has issued its second profit warning in six months after “tactical and strategic” price investments.
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NewsOcado reports first quarter sales up 19% despite 'challenging' conditions
Online grocer Ocado has reported a 19.2% spike in sales for the 12 weeks ending February 22, 2015.
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NewsBreakfast Briefing: Retail news on Tesco, Mulberry and retail sales
Retail news round-up on March 10, 2015: Tesco pulls Schweppes drinks, Mulberry boss to be annouced soon, and retail spending up in February
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NewsFoot Locker fourth-quarter profits jump by 25% as sales surge
Foot Locker has reported a surge in sales and profits for its fourth quarter as it benefits from consumers choosing workout gear over more traditional leisure wear.
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NewsM&S to offer shareholders discounted gift card alongside dividend
Marks & Spencer shareholders are to be offered a discounted gift card instead of a dividend payment under the retailer’s new plans.
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NewsMorrisons former chief Dalton Philips to receive £3m payout
Morrisons’ ousted former boss, Dalton Philips, is to receive a £3m pay-off despite presiding over a period of tumbling sales and profits.
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NewsBreakfast Briefing: Retail news on Tesco, Bhs, Morrisons and more
Retail news round-up on March 9, 2015: Boss in charge of in-store dining at Tesco steps down, Ex-BHS director joins bid to buy chain from Sir Philip Green, Morrisons’ ex-chief Dalton Philips to receive £3m in pay-off
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NewsRetail investor Alteri hires Magnus Mattsson as chief investment officer
Retail investor Alteri Investors has appointed Magnus Mattsson to the newly created chief investment officer role to drive its activity across Europe.
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NewsDFS valuation drops £40m as it sets share price at lower end of range
DFS has set its share at the lower end of the marketed range as it floats today in a move that reduces the value of the company to £543.2m.
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NewsNew Look to move into new London flagship in Oxford Circus
New Look is to move into a 31,800 sq ft flagship store in London’s Oxford Circus in 2017.
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NewsEtsy to float on New York Stock Exchange as it seeks to raise $100m
Online craft marketplace Etsy has filed its intention to float on the New York Stock Exchange as it seeks to raise $100m (£66m) from the IPO.
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NewsBreakfast Briefing: Retail news on Amazon, Farfetch and Harvey Norman
Retail news round-up on March 5, 2015: ASA bans Amazon’s misleading Prime ‘free trial’ ad, Farfetch raises financing, Harvey Norman reduces Irish losses
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NewsMike Ashley refuses to be questioned by MPs over USC administration
Sports Direct owner Mike Ashley has rejected a request by Scottish MPs to be questioned over the administration of his 28 USC stores.
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NewsClothing and DIY price cuts drive relentless shop price deflation
Shop prices are being driven down by falling prices of non-food items after aggressive promotions across clothing and DIY.
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NewsTK Maxx and HomeSense owner TJX records $325m full-year profit in Europe
TX Maxx owner TJX Europe’s profits increased 15% to $325m (£211.5m) this year.
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NewsMcColl’s demonstrates strength of convenience as it posts strong first quarter
McColl’s Retail Group has posted an increase in profits and revenue in its first full-year trading figures since its IPO last February.
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NewsWickes' 2014 profits jump 22.7% as transformation programme kicks in
Travis Perkins’ consumer arm, which largely consists of Wickes, has reported its adjusted operating profit increased 22.7% to £77m.
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NewsBreakfast Briefing: Retail news on Tesco, Morrisons, Reiss and more
Retail news round-up on March 3, 2015: Another manager poised to exit Tesco, Morrisons look to pay more sustainable dividend, Reiss to debut in Canada.
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NewsMarks & Spencer unveils China expansion as Asia boss steps down
Marks & Spencer has unveiled plans for further expansion in China on the same morning it was revealed its head of Asia quit the retailer.
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NewsTK Maxx airs its first ever Red Nose Day TV advert
TK Maxx aired its first ever TV advert for Red Nose Day during the week, starring singer Lily Allen wearing a charity T-shirt.