Latest finance news – Page 471
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NewsAsos shareholders angry over Brian McBride pay package
Fashion etail giant Asos’ shareholders are understood to be concerned over the financial package for its new chairman, the former Amazon boss Brian McBride.
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NewsAmazon slips into loss in third quarter
Online retail giant Amazon has posted a third quarter loss, behind Wall Street expectations, as it was hit by a poor performance at online deals business Living Social as well as investment in the Kindle e-reader and distribution centres.
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NewsAnalysis: Expansion for Home Bargains
TJ Morris, which trades as Home Bargains, is making strides in the value sector.
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Amazon in acquisition talks with bookseller Saraiva
Amazon is in acquisition talks with Brazilian bookseller Saraiva, according to sources.Saraiva is based in São Paulo and sells through stores and online. It is thought Amazon could leverage the deal to establish itself in the fast-growing Brazilian ecommerce market.Amazon declined to comment.
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NewsAsos profits soar as international sales surge
Pre-tax profits at Asos soared 42% to £13.2m in the five months to August 31.
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NewsAsda boss Andy Clarke calls for business rates freeze
Asda chief executive Andy Clarke has made a renewed call for business rates to be frozen as retailers face spiralling costs in 2013.
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NewsWalden unveils digital vision for Argos
Queues in Argos stores would become a thing of the past under the ambitious vision of new managing director John Walden as he reinvents the business as a “digital retail leader”.
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NewsCard Factory posts flat profit after absorbing VAT increase
Card Factory delivered flat pre-tax profit in the year to January 31 after absorbing the rise in VAT, following a 56% hike in profits the previous year.
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NewsArgos to leave catalogue heritage behind
General merchandise giant Argos is to move decisively away from its catalogue heritage as it bids to reinvent itself as a “digital retail leader”.
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NewsBooths profits hit by 'intense' grocery competition
Upmarket grocer Booths has reported a fall in pre-tax profits after depressed consumer spending and “intense” competition in grocery took a toll.
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NewsMulberry issues profit warning as wholesale revenues slip
Mulberry has issued a profit warning after a slowdown in wholesale revenues.
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NewsOpCapita considers Comet sale
Private equity firm OpCapita is considering a sale of electricals retailer Comet less than a year after purchasing it for £2.
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NewsDFS reports record profits
DFS enjoyed record profits last year as EBITDA rose 2.5% to £82m despite a fall in sales.
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Grupo Pão de Açúcar posts sales growth
Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012.According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.
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Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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NewsBinnie made Jaeger executive chairman as Tillman exits
Stewart Binnie aims to restore the retailer’s international business and Japan is top of his list
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NewsGovernment postpones business rates revaluation to 2017
The Government has been accused of delivering a “further blow to the country’s struggling high streets” by postponing the revaluation of business rates from 2015 to 2017.
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NewsRetailers hope for record Halloween sales
Retailers are hoping for another record Halloween following last year’s £300m sales bonanza.