Latest finance news – Page 41
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NewsKurt Geiger has posted ‘record’ sales and a rise in profit
Kurt Geiger has posted “record” profits and handbag sales despite weaker demand in the wider luxury market.
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NewsHobbycraft has been acquired by Modella Capital
Modella Capital, which has backed chains including Paperchase, Tie Rack and Ted Baker’s UK licensing partner No Ordinary Designer Label (NODL), has acquired arts and crafts retailer Hobbycraft.
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NewsTemu group warns on ‘inevitable’ profit decline as results miss analyst expectations
Temu’s owner, PDD Holdings, has warned of an “inevitable” reduction in profitability as the group reports slow growth and rising competition.
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NewsNaked Wines losses are deepening amid sales slump
Naked Wines has reported deepening statutory losses and a fall in sales as it confirmed the appointment of its new chief financial officer.
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NewsFrasers Group snaps up a stake in a retail and distribution group Down Under
Frasers Group has bought a 14.65% stake in Australia and New Zealand-based retail and distribution business Accent Group.
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NewsTed Baker's owner announces its new UK and Europe ecommerce operator
Authentic Brands Group has unveiled United Legwear & Apparel Co (ULAC) as its choice to manage ecommerce operations for Ted Baker in the UK and Europe.
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NewsShop prices have fallen into deflation for the first time in three years
Shop prices fell into deflation for the first time in nearly three years driven by non-food retailers discounting heavily to shift their summer stock.
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NewsShein has discovered child labour cases among suppliers
Fast-fashion giant Shein has revealed that it found two cases of child labour at suppliers last year.
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NewsUK economy expectations have fallen for the first time since February
Consumer confidence remained flat in August but expectations for the UK economy slipped for the first time since February, according to the latest GfK Consumer Confidence Barometer.
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NewsJohn Lewis steps in to help bust retailer The Floor Room’s staff and customers
John Lewis is offering assistance to customers and staff who were formerly John Lewis partners impacted by the collapse of The Floor Room, Retail Week can reveal.
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NewsTK Maxx’s parent company has raised its profit guidance following a rise in sales
The parent company of TK Maxx, TJX, has raised its profit guidance after sales across all units of the business increased.
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NewsJD Sports growth driven by US and European revenues surge
JD Sports has reported group like-for-like and organic sales increases, driven by surging revenues in the US and Europe as UK performance softened.
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NewsAsos makes changes to executive pay to match 'ambitious growth plans'
Pureplay fashion retailer Asos has announced changes to its executive pay plan to align with its “ambitious growth plans”.
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NewsHobbycraft in advanced talks with retail investor over potential sale
One of the UK’s largest arts and crafts retailers Hobbycraft is in advanced talks with specialist investor Modella Capital over a potential sale.
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NewsEstée Lauder CEO has announced retirement as sales and profits fall
Global cosmetics giant Estée Lauder Companies has reported a fall in sales and profit in the full year ending June 2024 as chief executive Fabrizio Freda announces his retirement.
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NewsFormer Wilko owners are being urged to plug pension hole
The former owners of Wilko are facing pressure to fix the collapsed retailer’s £70m pension hole after the parent company said it does not expect to help.
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NewsTopps Tiles has completed acquisition of CTD Tiles out of administration
Topps Tiles has today completed the acquisition of the brand and “certain assets” of CTD Tiles out of administration.
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NewsTed Baker is closing its remaining stores with 500 jobs at risk
The last of the Ted Baker stores in the UK and Ireland are expected to close this week with more than 500 jobs at risk.
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NewsVictorian Plumbing plans to shutter the rival firm it bought only months ago
Victorian Plumbing has told staff at the rival firm it bought just months ago that it’s shuttering the business and putting over 100 jobs at risk, Retail Week can reveal.
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NewsKlarna closes in on lead bank partnership ahead of listing in the US
Buy now, pay later provider Klarna is edging closer to appointing a lead bank ahead of its anticipated IPO in the US.