Latest finance news – Page 55
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NewsMytheresa circles Yoox Net-a-Porter for possible takeover bid
Luxury fashion retailer Mytheresa is reportedly among the potential bidders looking to snap up Yoox Net-a-Porter from Swiss luxury group Richemont.
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NewsCo-op profits and sales drop as crime levels reach record high
The Co-op has reported a fall in profits and sales in the full year ending 2023 as it faced challenges due to increased levels of shoplifting and inflationary headwinds.
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NewsDr Martens investor calls for strategic review
Dr Martens shareholder Marathon Partners Equity Management is reportedly calling on the boot specialist to hire bankers and kick off a strategic review of the business, pre-empting a potential sale of the retailer.
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NewsSecret Sales acquires Dress For Less in European expansion drive
Premium non-full-price marketplace Secret Sales has announced the acquisition of German discount platform Dress For Less as it bolsters its presence in Europe.
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NewsTopps Tiles posts fall in sales
Topps Tiles has posted a decline in sales and profit which the retailer says has been affected by a “weaker market”.
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NewsNew Frasers director is boyfriend of Mike Ashley’s daughter
New Frasers Group director David Al-Mudallal is the boyfriend of owner Mike Ashley’s daughter, it has been revealed.
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NewsShein doubles profits as it ponders IPO
Online fashion giant Shein has more than doubled its profits as it considers a possible listing in New York or London.
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NewsDunkerton takeover bid off the cards as Superdry extends loan
Superdry boss Julian Dunkerton’s takeover bid is off the cards, despite him remaining “committed” to the business and mulling an equity raise, as the fashion retailer extends its funding facility by a further £20m.
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NewsBoots sales rise as market share increases for 12th consecutive quarter
Boots has reported growth in both in-store and online sales in the three months ending February 29, 2024, as it delivered a retail market share growth for the 12th consecutive quarter.
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NewsAO hails ‘good momentum’ as it expects to hit profit guidance
Electricals retailer AO said today it expects to hit its previously pledged profit guidance and surpass £1bn in sales for the full year.
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NewsJD Sports maintains guidance as sales rise
JD Sports has maintained its full-year profit guidance, hailing “good strategic progress” during the year as sales edged up.
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NewsMorrisons hails ‘strongest’ sales growth in three years
Supermarket giant Morrisons has hailed its strongest like-for-like sales growth in three years in the first quarter of the financial year under new boss Rami Baitiéh.
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NewsExclusive: Uniqlo unveils 7% staff pay rise and rolls out new benefits
Fashion giant Uniqlo is to increase the hourly wage of its retail staff across the UK by 7%, as well as rolling out a series of new employee benefits, Retail Week can reveal.
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NewsRevolution Beauty raises profit and sales guidance as trading picks up
Revolution Beauty has raised both its full-year profit and sales guidance after a marked improvement in trading since its Capital Markets Day back in February.
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NewsH&M profits soar as giant focuses on ‘driving profitable growth’
Swedish fashion giant H&M has reported soaring profits in the first quarter of the year, despite a dip in sales.
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NewsPets at Home comfortable on outlook as financial year closes
Pets at Home anticipates that profits for the year just ended will meet guidance and said it is “comfortable” with expectations for the year to come.
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NewsAsos to hit profit guidance despite sales fall
Fashion specialist Asos has reported a fall in sales but expects to meet full-year profit expectations as it makes “good progress” with its turnaround strategy.
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NewsOcado sales and volumes rise in ‘strong start’ to year
Online grocer Ocado has reported a good beginning to its new financial year as its key metrics advanced.
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NewsKingfisher cautious on outlook as international sales slip
Kingfisher is remaining cautious on its outlook for the next financial year after it saw total and international sales slip.
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NewsVirgin Wines ‘optimistic’ about future growth as sales increase
Virgin Wines says it is “optimistic” about its prospects after it posted a revenue increase in its latest results.