Latest finance news – Page 486
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NewsDixons extends £300m credit facility
Electricals giant Dixons has extended a £300m revolving credit facility for two years.
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JC Penney records drop in sales
Department store operator JC Penney recorded a larger-than-expected drop in sales for the first quarter.The retailer, which aims to establish itself as an affordable fashion-orientated business by moving away from promotions and couponing to low prices on most items, also surprised investors by ending its dividend to help fund a ...
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Target reveals net earnings increase
Mass merchandiser Target revealed that net earnings for the first quarter of 2012 rose 11.5% to $697m (£441.5m) year on year. Sales increased 6.1% from $15.6bn (£9.88bn) to $16.5bn (£10.45bn) due to a 5.3% rise in like-for-like sales and the contribution from new stores. EBIT was $1.12bn (£709.4m), an uplift ...
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NewsBlue Inc thrives due to brand expansion and store acquisitions
The young fashion retailer thrived in the recession but times could be about to get tougher.
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NewsSales soar at The Entertainer as sector rivals close down
Specialist toy retailer The Entertainer posted a surge in sales in its first quarter as it filled the gap left by closed Woolworths, Early Learning Centre and Hawkin’s Bazaar stores.
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NewsIrisa staff in consultation after Jacques Vert rebrand
Womenswear group Irisa has been rebranded as Jacques Vert, ahead of a potential relocation of its Luton office that has resulted in 200 staff being put into consultation.
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NewsSignet UK sales nudge up
Signet’s UK like-for-like sales edged up for the first quarter of 2012.
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NewsCalver: ''Give me three years to turn around Mothercare"
New Mothercare boss Simon Calver said it will take three years to turn around the troubled maternity specialist’s core UK business, which plunged into the red last year.
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NewsHoF drives online investment as ecommerce sales grow
House of Fraser is “investing heavily” in online operations and has switched one of its distribution centres to online-only fulfilment as multichannel grows.
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NewsAsda predicts consumers will stick to tight budgets
Asda chiefs believe the consumer mindset has irreversibly changed and the habit of very tight budgeting is here to stay.
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NewsClinton Cards: List of 44 store closures revealed
More than 40 Clintons and Birthdays stores will shut by the end of May, affecting 300 full and part-time staff. Full closure list below.
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NewsHouse of Fraser EBITDA drops as it invests in stores and fulfilment
House of Fraser adjusted EBITDA dropped 16% to £58.6m as it invested in a second distribution centre.
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NewsBurberry full-year profits rocket
Profits at Burberry rose 26% over the last year fuelled by strong menswear sales.
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NewsFlying Brands sales plunge as its search for a buyer continues
Flying Brands sales plummeted 35% in the three months to March 31 as it continues talks to sell the business.
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NewsM&S presses button on new phase of store revamps as profits fall
Marks & Spencer has reported a fall in full-year profit but said strategic progress is being made and that remodelled stores are outperforming the rest of its estate.
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NewsEtailer Notonthehighstreet gets £10m investment
Notonthehighstreet.com has inked a deal with some of Europe’s largest technology venture capital firms for a £10m investment.
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NewsJessops in line for £10m investment from Canon
Jessops is set to receive a £10m investment from camera manufacturer Canon to help prop it up.
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NewsBolland bonus under threat as profits likely to fall
Marks & Spencer’s chief executive Marc Bolland’s bonus is under threat as the retailer’s profits are expected to fall.
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NewsBoots launches new food range in bid to build market share
Boots is aiming to build food market share with the launch later this year of a range built around evening meals, and may even sell wine.
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NewsAmazon: Investing in its future
The internet powerhouse Amazon is investing to fund its expansion into new categories.