Latest finance news – Page 4
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NewsAsos improves profits despite drop in sales
Pureplay fashion retailer Asos has said it expects profits to be at the lower end of its guided range, despite sales coming in below expectations, as it enters the “final phase of its transformation.”
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NewsSøstrene Grene posts record sales growth
Søstrene Grene posts record turnover as it continues expansion programme across the UK.
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NewsClaire’s snapped up by Modella Capital
Embattled fashion accessories retailer Claire’s has been bought out of administration by Modella Capital, which owns retailers TG Jones, Hobbycraft and the Original Factory Shop.
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NewsTapi posts sales and profits boost as Carpetright buyout settles
Tapi has posted a jump in sales and profits as its acquisition of rival retailer Carpetright settles in, Retail Week can reveal.
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NewsDFS CEO Tim Stacey: “The burden of taxation-driven inflation is high”
DFS posted a healthy 10% uplift in its customer orders against a subdued market, but chief executive Tim Stacey signalled that the macro policy environment was constraining investment and growth potential.
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NewsMarks Electrical warns on profits following weak trading
Marks Electrical has issued a profit warning after weak first-half trading and rising costs weighed on its margins.
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NewsDFS posts stronger profits than expected in “weak market”
Revenue in the year ending 29 June, 2025, was up 4.4% on the same period last year, while underlying profits before tax increased by £19.7m.
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NewsNimbler H&M sees profits rise in third quarter
Sales in local currencies increased 2% in the three months to August 31, 2025 compared to 2024, despite a store closure programme.
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NewsCo-op swings to a loss as full impact of cyber-attack revealed
C-store specialist Co-op has reported falling sales and a plunge into the red, after reporting the cyber attack impacted profitability, disrupted trading and heaped on additional costs.
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NewsDebenhams warns some suppliers of late payments
Debenhams Group, formerly Boohoo, has warned some of its suppliers that they may experience late payments amid mounting fears that the business is facing a cash crunch.
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NewsJohn Lewis heir chairs newly created Trust
Toy specialist The Entertainer has formed a dedicated trust as ownership is transferred by the founding Grant family to employees, Retail Week can reveal.
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NewsJD Sports posts first-half profit fall as tough US conditions take toll
JD Sports has reported what it described as a “resilient” performance in the first half of its financial year.
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NewsPoundland reappoints former clothing boss ahead of Pep&Co relaunch
Poundland has brought back its former Pep&Co head of buying and design Maria Epaminondas ahead of the relaunch of its fashion range next year, Retail Week understands.
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NewsWestfield launches Allders Parade in former historic department store
Westfield owner Unibail-Rodamco-Westfield (URW) is poised to open the doors to a new retail development inside the historic Allders department store in Croydon this week.
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NewsKingfisher hails performance of B&Q and Screwfix as it upgrades profits
Kingfisher has singled out its strong UK performance across both B&Q and Screwfix as it upgraded its full-year profit guidance.
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NewsBRC warns government against further tax rises in autumn Budget
The British Retail Consortium has warned the government against any further tax rises on retailers in the coming autumn Budget, saying any such moves risks “losing the battle against inflation”.
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NewsAll remaining Bodycare stores to close as administrator fails to find buyer
All 57 remaining stores of embattled health and beauty retailer Bodycare are set to be shuttered before the end of the week after administrators Interpath failed to find a buyer for the chain, Retail Week can reveal.
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NewsPoundland axes over 100 roles in head office restructure
Poundland has axed more than 100 roles across its head office in Walsall as part of a company-wide restructure, Retail Week can reveal.
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NewsVery Group transformation boss steps down to join mayoral race
Online retailer Very Group’s chief finance and transformation officer is to step down and run as a mayoral candidate.
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NewsCotswold Company posts record sales as shoppers shift to premium furniture
The Cotswold Company has seen record sales as shoppers invest in higher quality homeware.