Latest finance news – Page 534
-
NewsComet like-for-likes slump 7.3%
Electricals chain Comet has reported a slump in like-for-like sales of 7.3% over Christmas, hit by the bad weather and intense promotional activity.
-
NewsHMV credit insurance under review
UPDATED: HMV Group has confirmed that credit insurers are reviewing the level of cover they provide to the retailer.
-
NewsConsumer price inflation rises to 3.7% in December
Consumer price inflation rose 0.4% in December to 3.7% over the previous month, the Office of National Statistics reported.
-
NewsChange Capital among bidders for Bathstore
Change Capital, the private equity firm run by former Marks & Spencer boss Roger Holmes, is among those bidding for Bathstore.
-
NewsBurberry third quarter sales up 27%
Burberry reported a 27% hike in revenue to £470m in the three months to December 31 with double digit growth across both their wholesale and retail sectors.
-
NewsThe Perfume Shop Christmas like-for-likes up 2%
The Perfume Shop reported like-for-like sales up 2% for the four weeks to January 1, driven by classic fragrances and gift sets.
-
NewsBoots UK December like-for-likes up 3.8%
Health and beauty giant Boots UK reported like-for-like retail sales up 3.8% in December, with fragrances and beauty electricals performing well.
-
NewsThe Original Factory Shop Christmas like-for-likes up 5%
The Original Factory Shop has reported like-for-like sales up 5% over the Christmas period with sales of outdoor products strong in the snow.
-
NewsGoldsmiths-owner Aurum reports 'outstanding' Christmas
Jewellery group Aurum has reported an “outstanding” Christmas, helped by improved availability and ranging.
-
NewsFlying Brands warns on profits
Home shopping group Flying Brands has issued a profit warning after disastrous disruption of Christmas trading as a result of the snow.
-
NewsTed Baker retail sales rise 7.6%
Fashion brand Ted Baker posted a 7.6% rise in retail sales over the crucial Christmas period and said pre-tax profit would be in line with expectations for the year to January 29.
-
NewsSainsbury’s to invest in own-brand after record Christmas
Grocer to build on its bumper Christmas after overtaking Asda as second biggest supermarket
-
NewsShop Direct targets double-digit growth
Home shopping group Shop Direct is gunning for double-digit sales growth this year on the back of new brand launch Isme and expanded product lines across the group.
-
NewsBrightHouse sees demand surge but stays cautious
Rent-to-own electricals and furniture retailer BrightHouse has revealed a strong Christmas but cautioned that current trading has been tougher. Like-for-likes increased 9.8% in the 13 weeks to December 31, 2010.
-
NewsInvestors still cold on the retail sector
General retailers and grocers were both left on the shelf by investors and the market was flat overall.
-
NewsGeneral retailers look a better bet than grocers
General retailers provide a better investment opportunity than food retailers in 2011, Oriel analysts believe.
-
NewsDebenhams warns of more price rises to come
Debenhams has flagged a double-digit price increase in outerwear for autumn 2011 and expects prices overall to increase by between 4% and 6% before VAT over the year.
-
NewsDunelm down in the dumps while Topps Tiles impresses
Updates from home retailers Dunelm and Topps Tiles painted a contrasting picture of trading conditions in the sector.
-
NewsPeacocks delivers full-year profits increase as shoppers trade down
Peacocks Group, the fashion retail group that operates value chain Peacocks and mature womenswear business Bonmarche, said that EBITDA and sales rose across the group last year.
-
News
M&Co’s sales weather the big freeze
Value retailer M&Co generated like-for-like growth over the eight weeks to Christmas Eve of 2.7% despite being “significantly” impacted by snow.