Latest finance news – Page 444
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NewsBrantano and Jones Bootmaker tap concession growth
Brantano UK narrowed its operating losses and sister retailer Jones Bootmaker increased operating profit as the footwear specialists eye expansion through concessions.
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NewsBreakfast briefing: Retail news on Tesco, HMV, Supergroup, Majestic Wine and Topshop
Retail news round-up September 4, 2013: HMV receiver paid over €300,000 in fees and expenses; Supergroup faces shareholders resistance over directors’ pay; Tesco criticised by ASA over misleading horsemeat ad and Topshop and Topman expands in Germany.
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NewsCard Factory to refinance after shelving sale plans
Card Factory owner Charterhouse has shelved plans to sell the 650-store retailer after receiving bids below its expectations.
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NewsBreakfast briefing: Retail news on Burberry, Debenhams, Asos, Tesco and Kilian Kerner
Retail news round-up September 3, 2013: Burberry’s new fragrance campaign; Debenhams doubles advertising investment; Asos finds new logistics provider; Tesco appoints non-executive director; and Kilian Kerner grows with five House of Fraser shop in shops
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NewsBargain Booze owner Conviviality acquires Wine Rack in southern push
Bargain Booze owner Conviviality Retail has inked a £1.7m deal to acquire Wine Rack owner LCL Enterprises as it expands in the south.
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NewsGrimsey Review warns 20,000 stores face closure
Twenty thousand stores face closure over the next 12 months, with five or six big names at risk, according to analysis in the Grimsey Review of the high street.
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NewsCountrywide plans AIM listing as full-year profits surge
Agricultural retailer Countrywide Farmers has revealed plans to list on the AIM stock exchange after reporting record profits.
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NewsBreakfast briefing: Retail news on John Lewis, Signet and Amazon
Retail news round-up August 30, 2013: John Lewis to launch a new range of upholstery, Signet UK Sales fall in the second quarter, Amazon drops clause banning traders from offering products cheaper elsewhere
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NewsBusiness rates income to exceed council tax for first time in 10 years
Business rates income in Great Britain is forecast to exceed council tax for the first time in 10 years in 2015.
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NewsThe Co-op invests in price to win shopper spend
The Co-op has vowed to use a “value for money sword” to spear the competition as it aims to “remove price as a barrier” to shoppers visiting its stores.
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NewsThe Co-op records fall in first-half sales and profits
The Co-op has reported a fall in first-half sales and profits as poor weather, a difficult economy and fierce competition hit performance.
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NewsEtailer Boohoo.com eyes float as it aims to emulate Asos
Online clothing retailer Boohoo.com is eyeing floating on the London Stock Exchange as it looks to emulate larger rival Asos.
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NewsSports Direct set for promotion to FTSE 100
Sports Direct is set to move up to the FTSE 100 next month after its shares surged more than 70% since the start of the year.
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NewsLK Bennett owners consider sale after Kate Middleton effect drives custom
Fashion and footwear retailer LK Bennett’s owners are considering a sale of the business, which would value the business at more than £100m.
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NewsCarphone Warehouse agrees £650m funding deal with Barclays
The Carphone Warehouse has agreed a £650m funding deal with Barclays as part of its acquisition of Best Buy’s stake in the retailers’ former joint venture.
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NewsSteep rent decline highlights out of date business rates system
The dramatic fall in rents over the past five years has put into sharp focus how out of kilter onerous business rates increases are with the market, according to new data revealed by the Grimsey Review.
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NewsInternational analysis: Walmart sticks to strategy despite missing sales target
Walmart has failed to achieve its own results guidance for the second consecutive quarter.
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NewsWHSmith full-year profits "in line with expectations" as travel fascias thrive
WHSmith’s full-year profits will be in line with market expectations as its travel business continues to thrive.
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NewsHMV creditors including pension fund to lose £250m
HMV’s pension fund is among a number of creditors poised to lose more than £250m, according to an update on the administration from Deloitte.
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NewsGo Outdoors back in the black as sales soar 19%
Go Outdoors returned to profit in its last financial year as sales at the outdoor retailer jumped 19% to £171m.