Latest finance news – Page 386
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NewsMorrisons boss Dalton Philips to stand down as Christmas like-for-likes drop
Morrisons chief executive Dalton Philips is to stand down as the grocer seeks to appoint a new leader to return it to growth.
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NewsBreakfast briefing: Retail news on December retail sales, M&S, Paperchase and Tesco
Retail news round-up on January 13, 2015:December retail like-for-likes fall, M&S boss Marc Bolland under investor pressure, Paperchase poised to push button on £100m sale, Australian firm Guvera eyes Tesco’s Blinkbox Music
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NewsSuperdrug posts 7.4% lift in like-for-like sales over Christmas
Health and beauty specialist Superdrug has recorded strong Christmas trading figures and posted a 7.4% rise in like-for-like sales in December.
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NewsVision Express owner GrandVision unveils IPO plans
GrandVision, the owner of opticians Vision Express, is to float on the Euronext stock exchange in Amsterdam, The Netherlands.
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NewsFat Face sales up over Christmas but profits slip in half-year results
Fat Face delivered a 5% rise in retail like-for-like sales over Christmas, however the clothing retailer reported a dip in half-year profits.
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NewsSofa specialist ScS appoints Alan Smith as chairman as IPO nears
Former Somerfield chief executive Alan Smith is to become chairman of sofa specialist ScS ahead of a flotation, it is understood.
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NewsPretty Green plans expansion after record Christmas
Pretty Green, the menswear retailer in which Oasis star Liam Gallagher is an investor, has posted a Christmas sales surge.
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NewsElectricals etailer AO World reports strong Christmas as sales rise 38%
Electricals etailer AO World, which trades as Ao.com, has reported a strong third quarter and expects to meet full-year City expectations.
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NewsBreakfast briefing: Retail news on Tesco, ScS and Boohoo
Retail news round-up on January 12, 2015: Ninth Tesco director suspended, White Company profits soar, ScS appoints chairman ahead of IPO, Boohoo bosses buy shares, Lidl reports strong Christmas week.
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NewsIkea January Sale gets off to strong start after investment in price
Ikea has kicked off the new year with a strong performance after the retailer invested in bedrooms, bathrooms and kitchens as well as prices.
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NewsNRF: Harrods to focus on gamification after being 'undeterred' by mixed results
Harrods will continue to invest in gamification despite mixed results last year as it seeks to tap into a younger audience through digital content.
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NewsHarrods gives its windows a makeover with beauty brands takeover
Some of the world’s biggest beauty brands have taken over the windows at Harrods’ London store as it looks to boost its beauty credentials.
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NewsMatalan sales slip over Christmas but boss confident on full-year results
Fashion and homewares retailer Matalan’s total sales fell 1.7% over the five weeks to January 3 but it still expects full-year growth.
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NewsTesco downgraded to junk status by credit ratings agency
Credit ratings agency Moody’s has downgraded its rating on Tesco, forecasting the grocer will continue to be rocked by a competitive market.
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NewsDick's Sporting Goods rumoured to be in talks to go private
US retailer Dick’s Sporting Goods is reportedly holding early-stage conversations with a number of buyout firms about going private.
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NewsSignet’s UK division is Christmas star as like-for-likes climb
Anglo-American jewellery retail giant Signet has reported an “outstanding” Christmas at its UK division, which includes H Samuel.
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NewsStrong start for Dreams and Oak Furniture Land in January Sales
Furniture retailers’ January Sales have got off to an encouraging start as they carry the momentum they built up last year into 2015.
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NewsJaeger posts Christmas sales rise as turnaround makes progress
Fashion retailer Jaeger put in a strong sales performance over the crucial Christmas period as its turnaround strategy bore fruit.
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NewsBreakfast briefing: Retail news on Morrisons, Signet and Irish sales
Retail news round-up on January 9, 2015: Morrisons to sponsor Great North Run, Signet posts Christmas sales rise, Irish retail sales edge up in November.
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NewsN Brown chief financial officer Dean Moore to step down
N Brown has revealed that chief financial officer Dean Moore will step down from his role after 11 years to pursue other interests.