Latest finance news – Page 535
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NewsClinton to highlight value following slow Christmas
Clinton Cards is to emphasise its value credentials following a profit warning last week.
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NewsJJB Sports shareholders expect profits to return
JJB Sports’ biggest shareholder expects the troubled retailer will return to the black this year.
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NewsConsumers will still carry on shopping, M&S chief believes
Marks & Spencer chief executive Marc Bolland does not expect consumer demand to fall off a cliff this year, despite an expected squeeze on income and economic uncertainty.
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NewsMorrisons and Co-op eye up Abel & Cole
Food groups Morrisons and the Co-op are expected to be at the forefront of acquisition interest in organic food home delivery specialist Abel & Cole, which is being put up for sale.
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NewsBig freeze helps Mountain Warehouse climb higher
Outdoor retailer Mountain Warehouse benefited from December’s arctic conditions as its Christmas sales soared. Like-for-likes rocketed 15.6% in December as shoppers snapped up winterwear.
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NewsAccessible stores give Blue Inc a festive boost
Fashion specialist Blue Inc, which is considering a flotation, generated a sales uplift over Christmas helped by the accessibility of its stores.
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NewsGame like-for-like trend improves over Christmas
Game UK & Ireland like-for-likes have improved over the Christmas period, declining 0.5%.
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Thorntons sales melt in cold weather
Thorntons, the specialist chocolatier, reported like-for-like sales down 5.9% in company-owned stores over Christmas as the snow kept shoppers away.
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NewsHalfords retail sales plunge as bike sales slow
Halfords’ retail like-for-like sales plunged by 6.6% over its Christmas trading period as bike sales plummeted and full-year profits will be at the low end of expectations
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NewsJacques Vert festive sales rise 1.9%
Jacques Vert, the womenswear group which includes brands Jacques Vert, Windsmoor, Planet and Precis, delivered a like-for-like sales rise of 1.9% in the 11 weeks to January 8.
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NewsDixons sales suffer as snow takes toll
Electricals market leader Dixons, owner of Currys and PC World, reported a 4% fall in like-for-likes at its core UK business over Christmas.
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NewsCo-op sales hit by bad weather
The Co-operative Group has reported like-for-like sales fell 3.2% in its food division for its fourth quarter, saying the weather took its toll on footfall and spending patterns.
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NewsTesco reports modest Christmas growth
Tesco has reported modest growth over Christmas with UK like-for-like sales for the six weeks to January 8 up 0.6%, saying it was “hindered” by the snow.
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NewsNew Look sales plunge at Christmas
Fashion retailer New Look suffered a 9.1% plunge in like-for-likes at its core UK business during the peak Christmas period, when group sales slid UK 3.4%.
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NewsArgos-owner Home Retail reports better than expected Christmas
Argos-owner Home Retail Group took a sales hit of between £20m and £30m hit over Christmas because of the snow but full-year profits are likely to be better than feared.
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NewsSuperGroup Christmas sales soar
SuperGroup, the owner of fashion chain Superdry, has revealed a bumper Christmas, with retail sales surging 93.6% to £51.7m.
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NewsRussian oligarch Mamut increases his stake in HMV
Russian oligarch Alexander Mamut has increased his stake in HMV again, to more than 6%.
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NewsSainsbury's reports record Christmas
Sainsbury’s has reported a record Christmas with like-for-like sales excluding petrol up 3.6% for its third quarter in the 14 weeks to January 8.
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NewsDunelm's Christmas like-for-likes slide
Dunelm Group has reported a like-for-like sales fall of 4.2% in its second quarter over the Christmas period, resulting in a like-for-like dip of 1.2% for its first half.
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NewsTopps Tiles sales up despite snow disruption
Topps Tiles like-for-like sales grew 2.2% in the 13 weeks to January 2.