Latest finance news – Page 43
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NewsAdidas has posted an increase in sales following major football tournaments
Adidas posted an increase in revenue in the first half of the year driven by strong brand momentum and sporting events such as Euro 2024 and the Copa América.
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NewsWhite Stuff has reported a surge in profits after shift to ‘customer favourites’
White Stuff has hailed the success of its brand transformation strategy after posting a surge in profits and sales for the full year.
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NewsWickes retail sales grow against a ‘challenging background’ even as the group struggles
Wickes has reported continued sales and volume growth across its core retail business, even as group sales and like-for-likes slipped against a ‘challenging background’.
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NewsAsda staff survey leaves the grocer facing a new confidence crisis
The results of an Asda staff survey have left the supermarket giant facing a fresh crisis with less than half of its employees having confidence in the retailer’s long-term strategy.
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NewsJD Sports’ revamped UK store has ‘set the benchmark’ with its highest global turnover
JD Sports’ revamped store at Westfield Stratford now has the highest turnover across its global portfolio as the UK market remains the blueprint of omnichannel innovation and store design for the group worldwide.
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NewsGreggs has posted a rise in sales and profit as it continues to invest in growth
Food-on-the-go retailer Greggs has posted a rise in sales and profit as it makes “good progress” on expanding its ranges and growing its store estate.
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NewsOcado is extending its debt maturities by raising millions of pounds in bonds
Online supermarket and tech giant Ocado is extending the maturity of its debt by raising bonds worth millions of pounds.
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NewsUncertain outlook despite shop price inflation stabilising
Shop price inflation remained unchanged in July, benefiting from high comparatives last year, but the outlook remains uncertain for the remainder of the year, according to the British Retail Consortium (BRC).
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NewsBoohoo lenders have tapped advisers to talk refinancing as debt deadline looms
Lenders to the Boohoo Group have reportedly drafted in advisers to discuss refinancing options for the business amid ongoing losses.
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NewsIceland has posted record profits as shoppers devoured its £1 range
Iceland has posted record profits as shoppers devoured its £1 range.
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NewsTed Baker’s high street presence at risk as administrator plans to close all stores
Ted Baker could disappear from the high street once and for all as administrators gear up to close all its stores in the coming weeks.
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NewsSupermarkets have been cleared in an investigation into loyalty card pricing
The competition watchdog has cleared the grocers having failed to find any widespread evidence of misleading loyalty promotions in the industry.
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NewsParcel delivery giant Evri has been snapped up by a private equity firm
Parcel delivery giant Evri is set to be sold to private equity firm Apollo.
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NewsCrew Clothing’s sales and profits have surged despite fashion retail battles
Crew Clothing has posted a surge in sales and profits for the 2023 financial year despite the ongoing challenges posed by the cost-of-living crisis.
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NewsHammerson has posted growth in rental income and ‘capability’ in wake of Bicester Village sale
Hammerson, which owns and operates shopping centres including Birmingham’s Bullring and London’s Brent Cross, has posted a rise in rental income and “increased capacity and capability” after selling its £1.5bn stake in Bicester Village.
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NewsSephora has delivered ‘exceptional’ growth but LVMH sales and profit take a hit
Sephora has delivered double-digit growth despite parent group LVMH seeing a fall in sales and profit in the six months to June 30, 2024.
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NewsExclusive: Superdry CTO exits as Dunkerton aims to bolster board with new hires
Superdry boss Julian Dunkerton is rebuilding elements of his top team after its chief technology officer left the business and the search for new board members is underway, Retail Week can reveal.
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NewsLandlord Hammerson sells Bicester Village to LVMH-backed private equity firm
Landlord Hammerson has sold its entire stake in Value Retail, the owner of Bicester Village luxury retail park in Oxfordshire, in a £1.5bn deal, which it said would generate around £600m in cash proceeds.
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NewsTapi has bought Carpetright but many jobs and stores are still at risk
Carpetright has been rescued from collapse by rival carpet and flooring retailer Tapi – but hundreds of stores are expected to close, leaving many jobs at risk.
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NewsThe Body Shop may emerge from administration in August
The Body Shop may come out of administration in August as prospective new owner Auréa takes charge of developing a long-term growth plan.