Latest finance news – Page 443
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NewsFrench Connection losses before tax narrow to £6.1m
French Connection has revealed narrowed losses before tax of £6.1m in its half year to July 31.
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NewsDunelm poised to launch first national TV ad as part of £3m marketing overhaul
Homewares retailer Dunelm is poised to launch its first national TV ad campaign as part of a £3m marketing overhaul which will see it dropping ‘Mill’ from its branding.
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NewsProfits fall at The Works as investment is made online
Discount books and stationery retailer The Works has revealed a decline in full-year profits and a rise in sales as it invested in its multichannel offer.
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NewsDunelm pre-tax profits up 12.3% with multichannel growth up 80%
Homewares retailer Dunelm has reported pre-tax profit up 12.3% to £108.1m for the year to June 29, and saw multichannel growth up 80%.
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NewsOcado sales surge 16.4% in third quarter
Ocado sales surged 16.4% to £189.2m in its third quarter as order numbers increased.
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NewsHobbycraft ramps up ecommerce as sales rise
Hobbycraft is stepping up its multichannel strategy after investment in improved ecommerce capabilities.
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NewsMorrisons first half pre-tax profits plunge as like-for-likes dip
Morrisons pre-tax profit plunged 22.1% to £344m in its first half as the grocer invested in reducing pricing, increased marketing and entering new channels.
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NewsMorrisons takes the axe to investment in supermarkets
Morrisons is to slow the pace of new supermarket openings in another sign that the race for big grocery store space is over.
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NewsNext first-half profits jump as it cuts markdown sales
Next’s pre-tax profit rose 8.2% to £271.8m in its first half to July 27 as markdown sales reduced by 13%.
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NewsB&Q mulls Tesco-style investments to fill bigger stores
B&Q is mulling emulating Tesco’s strategy of investing in complementary businesses to fill its bigger retail stores.
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NewsSports Direct retail gross profit soars 20.3% in first quarter
Sports Direct retail gross profit increased 20.3% to £215.6m in its first quarter as retail sales jumped 14.5% to £505.3m.
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NewsB&Q owner Kingfisher first-half profits dip 1.4% in UK and Ireland
Kingfisher UK and Ireland retail profit dipped 1.4% in its first half as adjusted pre-tax profits across the group fell 1.6% to £365m.
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NewsThorntons full-year profits rise as commercial sales increase
Profits rose at Thorntons last year as the chocolatier revamped its model and increased sales to the grocers.
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NewsTesco sells US grocery business Fresh & Easy
Tesco has agreed to sell its US grocery chain Fresh & Easy to investment firm Yucaipa.
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NewsPrimark owner raises profit forecasts after strong summer
Primark owner Associated British Foods (ABF) has raised its second-half profit expectations after strong summer sales at the fashion retailer.
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NewsAppliances Online owner DRL steps up flotation plans
AO.com owner DRL is a step closer to listing on the London Stock Exchange after taking on advisers and lining up banks to complete the deal.
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NewsHome shopping specialist Damartex acquires Coopers of Stortford
Home shopping specialist Damartex has acquired home and garden retailer Coopers of Stortford for £25m.
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NewsDixons' sale of Pixmania and Electroworld: What the analysts say
Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld, as it revealed UK and Ireland like-for-likes rose 6% in its first quarter. Retail Week takes a look at what the analysts say.
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NewsSuperGroup first quarter sales jump reflects brand's 'enduring appeal'
Fashion retailer SuperGroup’s like-for-likes jumped 8.5% in the 13 weeks to July 28 reflecting the “enduring appeal” of the brand, according to boss Julian Dunkerton.
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NewsDixons to sell Pixmania and Turkish arm to focus on stronger markets
Electricals retailer Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld.