Latest finance news – Page 433
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NewsPaphitis' chains shun discounting to record strong Christmas
Theo Paphitis’ group of retailers have reported a strong Christmas as like-for-likes rose across its Ryman, Robert Dyas and Boux Avenue fascias.
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NewsJohn Lewis full-price strategy pays off as Christmas margins hold firm
John Lewis margins held firm over Christmas after it maintained its full-price strategy over the festive period, according to boss Andy Street.
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NewsDebenhams warns on profits as Christmas shoppers stay away
Department store group Debenhams has issued a profit warning after Christmas shoppers shunned the retailer.
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NewsPhase Eight owner cashes in through refinancing
Phase Eight owner private equity firm Towerbrook has laden the womenswear retailer with more debt so it can pocket a multimillion-pound payout.
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NewsBurberry and Sainsbury’s top takeover targets in 2014, says UBS
Retailers including Burberry and Sainsbury’s have been tipped as takeover targets next year by investment bank UBS.
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NewsBreakfast briefing: Retail news on Burberry, Sainsbury's, Waitrose, Phase Eight and Christmas footfall
Retail news round-up on December 30, 2013: Burberry and Sainsbury’s top takeover targets in 2014, says UBS, Footfall edges up in December as price cuts woo shoppers and Waitrose boss Mark Price questions future of supermarket loyalty cards.
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NewsShoppers to spend almost £3bn in Sales on December 27
Nearly £3bn is expected to be spent by UK shoppers in the Sales on December 27, according to estimates.
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NewsKurt Geiger’s US parent bought in $1.2 bn deal
Private equity firm Sycamore Partners has acquired Kurt Geiger owner Jones Group in a deal worth $1.2 bn (£733m).
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NewsConsumer confidence falls for third consecutive month
UK consumer confidence slumped to its longest decline for three years after falling for a third straight month in December.
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NewsPoundstretcher slips to £3.7m loss as value battle intensifies
Poundstretcher slipped into the red last year after battling fierce competition among the value players and investing in a refit programme.
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NewsRetail analyst Andrew Kasoulis joins Morrisons
Senior Credit Suisse retail analyst Andrew Kasoulis has swapped the City for an investor relations role at Morrisons.
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NewsUnited Carpets profits up four-fold as restructure gains traction
United Carpets has recorded a four-fold profit increase in its half-year as its restructuring programme makes progress.
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NewsGaleries Lafayette has luxury agenda for House of Fraser
House of Fraser suitor Galeries Lafayette plans to take the department store group more upmarket if it proceeds with a bid for the UK retailer.
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NewsLaura Ashley like-for-likes fall 0.7%
Floral homewares and fashion retailer Laura Ashley like-for-like sales decreased 0.7% in the 19 weeks to December 7.
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NewsGaleries Lafayette in talks to acquire House of Fraser
House of Fraser is in advanced talks to be acquired by French department store chain Galeries Lafayette.
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NewsBreakfast briefing: Retail news on Tesco, M&S, House of Fraser and White Stuff
Retail news round-up on December 18, 2013: Tesco plots Indian market entry, M&S agrees to gender neutral toys, House of Fraser could be bought by Galeries Lafayette, White Stuff hires new search agency
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NewsSuperdrug's parent company eyes £15bn stock market flotation
The Hong Kong owner of Superdrug and The Perfume Shop has appointed three banks to oversee a potential dual IPO of the business which could value it at £15bn.
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NewsComment: Sports Direct has a lot to play for
Soaring sales and a double-digit rise in profits might reasonably be expected to be cause for celebration.
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NewsSuperGroup to focus on 'changing perceptions' on womenswear offer
SuperGroup is to promote its womenswear next year to change consumer perception about its offer.
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NewsInflation falls to four-year low in November
Inflation dropped to a four-year low in November as it was pulled down by easing price increases across food and energy prices.