Latest finance news – Page 411
-
NewsShoe Zone aims to benefit from 'retail friendly' property market with 'more prime' sites
Shoe Zone boss Anthony Smith said the “retail friendly” property market had helped it maximise profits as it eyes relocations to larger, more prime sites.
-
NewsJane Norman collapses into administration for second time in three years
Value fashion chain Jane Norman has collapsed into administration for the second time in three years, putting 157 jobs on the line.
-
NewsThe Fragrance Shop full-year EBITDA rises as managing director departs
The Fragrance Shop’s full-year EBITDA increased 9.2% to £12.4m, as the retailer said managing director Nigel Lawmon is to depart and be replaced by group finance director Pete King.
-
NewsCarpetright to ramp up small store openings in property strategy shift
Carpetright is to ramp up its small-format store opening programme as it eyes more profitable expansion.
-
NewsCarpetright profits tumble as Netherlands drags down performance
Carpetright has reported full-year underlying pre-tax profit tumbled from £9.7m to £4.6m as it was hit by tough trading in the Netherlands.
-
NewsShoe Zone profits rocket but sales slide in maiden interim results
Value footwear retailer Shoe Zone has reported pre-tax profit rocketed to £2.7m from £200,000 in its maiden interim results since floating in May.
-
NewsBreakfast briefing: Retail news on Tesco, Carphone Warehouse and ecommerce sales
Retail news round-up on June 24, 2014: Former Tesco boss Lord MacLaurin urges shareholders to give Clarke more time; UK retail ecommerce sales to rise 16% this year; Carphone Warehouse links to 3 Ireland.
-
NewsMatalan completes £492m refinancing to fund growth
Matalan has refinanced £492m worth of debt with a banking syndicate in order to fund its growth ambitions.
-
NewsSports Direct's major shareholders to vote 'no' to Ashley bonus again
Sports Direct’s major shareholders are set to once again vote against the retailer’s bonus scheme that would benefit founder Mike Ashley.
-
NewsBreakfast briefing: Retail news on Amazon, Morrisons, Sports Direct and business rates
Retail news round-up on June 23, 2014: Amazon to use Doddle click-and-collect service, Morrisons slashes prices again, major Sports Direct shareholder to vote no to Mike Ashley bonus scheme.
-
NewsHouseholds £4 better off in May than last year
Consumers’ spending power increased by £4 to £171 a week last month, marking the eight consecutive month that families have seen their discretionary incomes rise year on year, Asda’s Income Tracker shows.
-
NewsDebenhams' like-for-likes edge up following focus on full-price sales
Debenhams said its turnaround strategy is bearing fruit after like-for-like sales edged up as it launches Sports Direct and Costa coffee concessions in store.
-
NewsMaplin steams into stations and ramps up its online offer
Maplin is to aggressively expand its online arm and push its fledgling travel format into railway stations.
-
NewsClothing retailer Lakeland Leather collapses into administration
Lakeland Leather, a family-owned clothing retailer based in the north of England, has collapsed into administration putting 200 jobs at risk.
-
NewsSports Direct acquires 4.8% stake in newly floated MySale
Sports Direct has acquired a 4.8% stake in Sir Philip Green-backed etailer MySale and plans to use it as a platform to sell in Australasia.
-
NewsBlue Inc opts for private share sale instead of IPO amid turbulent market
Fashion retailer Blue Inc has opted not to pursue an IPO and instead intends to place shares privately with new investors, it is understood.
-
NewsN Brown to revamp JD Williams to attract younger-minded shopper
N Brown is vying to modernise JD Williams to become a more digitally led business and to better connect with its younger-minded customers.
-
NewsN Brown like-for-likes edge up as it vies to modernise its brands
Home shopping group N Brown’s like-for-likes edged up 2.5% in its first quarter as moves to modernise its brands pay off.
-
NewsCard Factory remains confident on outlook as like-for-likes rise
Card Factory has revealed an improvement in like-for-likes in the four months to May 31 in its first trading update to the City since it floated on the stock exchange.
-
NewsGovernment rejects idea to replace business rates with a sales tax
The Government has rejected calls to replace business rates with a tax on sales, as suggested by the retail inquiry.