Latest finance news – Page 493
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NewsSainsbury’s confident that big stores have future as sales rise
Sainsbury’s boss Justin King has affirmed confidence in his big-box stores after Morrisons chief Dalton Philips warned that grocers’ giant sheds would become “a blip in the history of retail” as online grows.
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NewsFranchise giant Alshaya vies to buy Fenn Wright Manson
Middle Eastern franchise partner Alshaya is looking to build its UK presence by acquiring collapsed womenswear chain Fenn Wright Manson out of administration.
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NewsSainsbury's records 2.6% like-for-like sales uplift
Sainsbury’s has recorded a 2.6% increase in like-for-like sales excluding fuel for the fourth quarter.
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NewsGame suspends shares as no equity left in business
Game has suspended trading on the London Stock Exchange as it concludes there is no equity left in the business.
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NewsInflation drops to 3.4% in February
February’s rate of CPI inflation dropped from 3.6% in Janaury to 3.4% in February, the lowest rate since November 2010, which could be welcome relief for the recovering economy.
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NewsAmazon buys automated picking firm for $775m
Amazon has acquired Kiva Systems, a technology firm specialising in automated picking, for $775m.
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NewsDesigner Karen Millen fights to trade under own name
Designer Karen Millen is to begin the fight to trade under her own name.
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NewsClintons mulls Birthdays restructure
Clintons could kickstart a major restructure of its Birthdays business if a buyer is not found for the discount card specialist.
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NewsGame’s future hangs in the balance
Game’s future has been cast in doubt after a rescue deal put forward by Comet’s owner appears to have been rejected by the troubled retailer’s banks.
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NewsJD Sports and Sports Direct in tussle for Firetrap brand
Sportswear giants JD Sports and Sports Direct are squaring up for another battle as they compete to buy for-sale young fashion brand Firetrap.
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NewsDFS to open first high street store on Tottenham Court Road
Sofas giant DFS makes first high street foray as it takes over Next Home’s landmark premises.
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NewsPoundstretcher: Taking advantage of gap left by Woolworths?
Has the value retailer made the right moves to take advantage of the gap left by Woolworths?
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NewsDreams founder vies for control
Dreams founder Mike Clare is plotting an attempt to regain control of the beds retailer, it is understood.
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NewsApril sales growth to rise year-on-year
Retail sales growth in April will be lower than experienced historically but will be up year-on-year, a new monthly forecasting service for Retail Week subscribers reveals.
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NewsGame offered lifeline by Comet owner OpCapita
Embattled entertainment retailer Game has been offered a lifeline by Comet owner OpCapita.
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NewsHMV confirms ongoing sale of live business
HMV has confirmed “a number of parties” are eyeing the entertainment retailer’s live venue arm.
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NewsTJ Hughes stores drive planned by new owner
TJ Hughes owner Lewis Retail is in talks to open 11 stores over the next two years following its acquisition of the department store retailer out of administration last year.
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NewsFrench Connection reviews pricing to revive retail arm
Fashion retailer French Connection is assessing its price architecture, which could result in lower prices so it can better compete with cheaper online rivals.
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NewsGame in talks with third party over new funding
Beleaguered entertainment retailer Game said a third party has shown interest in providing additional funding in the business.
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NewsHMV Live grabs attention of O2 owner
The owner of the O2 arena, AEG, is bidding to acquire HMV’s live music business for about £65m.