Latest finance news – Page 544
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NewsSales rise at Next but so will prices
Fashion group Next has reported third quarter sales at the upper end of its guidance range and warned that clothing price rises will also be at the top end of expectations.
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NewsAlliance Boots health and beauty sales up 2%
Alliance Boots has reported sales up 2% in its health and beauty division to £3.637m in its mid-year update with like-for-like sales for Boots UK up 1.8%.
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NewsFindel profits to fall by £7m this year
Home shopping group Findel expects full-year profits to come in £7m below its expectations after contract delays at its educational division and accounting changes.
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NewsRicher Sounds profits slump 18%
Electricals retailer Richer Sounds has revealed its pre-tax profits slumped 18% to £2.8m in the year to the end of April.
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NewsIkea UK & Ireland full year sales edge up 1%
Furniture giant Ikea UK & Ireland experienced a 1% rise in like-for-likes in the year to August 31 as the retailer grew its share in a difficult big ticket market.
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NewsFocus brings in Lazard as owner considers its options
Focus DIY’s owners have hired bank Lazard to consider options that could lead to a sale of the home improvement chain.
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News
Shore Capital hires new retail analyst
Broker Shore Capital Markets has hired a new retail analyst.
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NewsRetail fears ebb but long-term risk stays
Fears for the retail industry because of the Government’s spending review seem to have been assuaged.
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NewsOcado rises on expansion prospects
Ocado shares rose at the start of the week when the home shopping group, which sells Waitrose groceries as well as other brands, said it could cater for 1.5 million more potential customers by expanding delivery to the Southwest of England and South Wales.
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NewsFlying Brands sales grow 12% despite setbacks
Home shopping group Flying Brands reported sales from its ongoing business rose 12% to £5.6m in the three months to October 1.
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NewsCarpetright sales fall 7.3% in ‘difficult’ market
Carpetright disappointed the City with its second-quarter update on Wednesday. The floorcoverings market leader suffered from unsettled consumer confidence and lower mortgage approvals.
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NewsDebenhams sticks to its guns over Christmas promotions
Debenhams will stick to its traditional promotional stance this Christmas, a strategy that it says is misunderstood by some observers.
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NewsShake-up for Peacocks as bidders circle
Peacocks has shaken up its management team as private equity houses circle the retailer.
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NewsBooths to boost sales with new own-brand
Booths, the grocer based in the Northwest of England, has revealed a 1.3% uplift in pre-tax profits to £7.6m as it launches a new own-brand to appeal to customers seeking value.
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NewsGo Outdoors triples profit to £4.3m and rejigs management
Outdoor specialist Go Outdoors’ pre-tax profits more than tripled from £1.2m to £4.3m in the year to January 3 and the retailer has rejigged management roles.
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NewsPhase Eight profits leap as changes bring flexibility
Womenswear chain Phase Eight more than doubled profits last year, after increasing its open to buy budget and focusing on refining its customer base.
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NewsGo Outdoors emerges as bidder for Blacks
Privately-owned specialist retailer Go Outdoors has emerged as a bidder for Blacks, Retail Week has learned.
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NewsPrivate equity bids in for Office
PAI Partners, the private equity firm behind Spanish fashion retail giant Cortefiel, and T J Hughes investor Silverfleet Capital, have thrown their hats in the ring to buy footwear retailer Office, Retail Week can reveal.
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NewsSuits You in administration
Speciality Retail Group, the company behind 66-store menswear chain Suits You, has been bought by restructuring specialists GA Europe and put in to administration.
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NewsPhones 4U considers refinancing as alternative to sale
The owners of Phones4u are considering refinancing the business as an alternative to selling it, it is understood.