Latest finance news – Page 466
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NewsReiss UK EBITDA dips 14.5% as it invests in infrastructure
Reiss UK EBITDA dipped 14.5% to £11.2m in its year to January 31 despite a 5.3% sales jump which helped revenue break through the £100m barrier.
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NewsWHSmith boss Kate Swann bags £3.3m
WHSmith chief executive Kate Swann could be in line to receive a further £2.6m as well as her £3.3m salary and share payouts.
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NewsCarpetright profits up despite sales fall
Carpetright has reported an increase in first-half profits despite a fall in sales, which were held back by a poor performance in mainland Europe.
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NewsAsos first-quarter sales up after price investment
Asos’ total retail sales rose 30% to £165.8m in the first quarter, as an investment in price in the UK and rapid international growth drove sales.
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NewsB&Q trials banking scheme for tradesmen
B&Q is trialing a Government-led scheme to become a bank for small tradesman.
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NewsBrightHouse sales up ahead of etail push
Weekly payment electricals and furniture retailer BrightHouse has recorded strong growth in its first half as it prepares to launch an ecommerce offering.
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NewsAnalysis: Store revamps and transactional website help Fenwick regain momentum
Family owned retailer Fenwick may be one of the most low-profile department store groups in the UK, but it is one of the most profitable.
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Barnes & Noble reports revenue decrease
Bookseller Barnes & Noble reported revenue fell 0.4% to $1.9bn (£1.18bn) in its second quarter to October 27.The retailer recorded a net profit of $2m (£1.2m) against a net loss of $7m (£4.4m) in the same period last year.Retail sales from Barnes & Noble stores and BN.com fell 3% to ...
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NewsAurum sold to US private equity firm Apollo as Don McCarthy exits
Goldsmiths owner Aurum has been sold to US private equity house Apollo as chairman Don McCarthy steps down.
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NewsHamleys profits advance after global drive
Pre-tax profits at iconic toy retailer Hamleys soared 283% to £2.3m last year, driven by sales growth at its newly refurbished Regent Street flagship and expansion of its international franchise operations.
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NewsUS investor takes 25% stake in Topshop and Topman
Arcadia has confirmed the sale of a 25% stake in the £2bn Topshop and Topman business to US private equity firm Leonard Green & Partners.
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NewsMulberry sales gather pace despite profit fall
Mulberry has recorded a strong start to the second half of the year with like-for-likes up 11% despite a fall in first half profit.
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NewsPhilip Clarke set to axe loss-making Fresh & Easy
Tesco chief executive Philip Clarke has nailed his colours to the mast with the launch of a strategic review of the retailer’s loss-making US business, Fresh & Easy, and the departure of highly regarded deputy chief executive Tim Mason.
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NewsRetailers ignored as Chancellor shuns plea for business rates freeze
Chancellor George Osborne has dealt a blow to retailers, ignoring their pleas to freeze business rates and save them from a £175m bill next year.
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NewsPotential white knight 'hopeful' over Comet deal
Comet suitor Clive Coombes remains “hopeful” a deal can be struck to save a large proportion of the beleaguered electricals retailer’s store estate.
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Aldi Nord experiences significant profit decrease
Discounter Aldi Nord experienced a significant drop in profit in 2011, according to annual accounts from 18 of its 35 regional divisions.While sales increased slightly, cumulated profits were E55m (£44.6m) down on the previous year. Aldi blamed a weak non-food business and stiff competition in Germany.
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NewsHouse of Fraser EBITDA up as like-for-likes "step up" before Christmas
Department store chain House of Fraser like-for-likes jumped 5.4% in its third quarter to October 27 as it notched up adjusted EBITDA of £3m against a £1.3m loss the previous year.
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NewsUS investor in talks to acquire Topshop and Topman stake
Sir Philip Green is in negotiations to sell off a stake in Topshop and Topman to a US investor, Retail Week understands.
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NewsB&M Bargains sold to US private equity firm as Terry Leahy named chairman
B&M Bargains has been sold to US private equity firm Clayton Dubilier & Rice, which is set to appoint former Tesco boss Sir Terry Leahy as chairman of the value retailer.
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NewsHMV sells Mama Group as it edges closer to disposal of HMV Live
Struggling entertainment retailer HMV has sold its live music business Mama Group for a net cash consideration of £7.3m.