Latest finance news – Page 570
-
NewsCath Kidston confirms sale and lays out international expansion plans
Cath Kidston has confirmed it has been bought by TA Associates as it lays out plans for international expansion.
-
NewsMatalan completes £525m refinancing
Value fashion retailer Matalan has refinanced by raising £525m of debt.
-
NewsMothercare sales hit by bad weather in fourth quarter
Maternity specialist Mothercare suffered a slowdown in like-for-like sales in its core UK market during the fourth quarter but annual turnover exceeded £1bn for the first time.
-
NewsSimon Wolfson thinks long term as Next performance picks up
Next will focus on extending its home offer and cutting clothing lead times to maintain momentum after delivering its first full-year like-for-like sales growth in four years.
-
NewsFindel pre-tax losses to be higher after restatement
Home shopping group Findel is to restate results for the year to April 3, 2009, following a review of accounting entries within its education division.
-
News
Super Thursday retail updates bolster stocks
A round of strong results from retailers as diverse as Next and Kingfisher on ‘super Thursday’ last week helped lift some store stocks, but general retailers overall lagged the All-Share index and food shares were moribund.
-
NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.
-
NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
-
NewsM&S appoints kidswear chief to head share battle
Marks & Spencer has promoted Karl Doyle to the role of trading director for kidswear.
-
NewsInvest in stores or customers will not trade up, Harrods chief warns
Harrods managing director Michael Ward has warned retailers that it is essential to invest in the store environment during the downturn to give shoppers a reason to trade up.
-
NewsJJB Sports financing deal to provide 'greater flexibility'
Sports group JJB has amended its banking arrangements, which should give the retailer increased financial flexibility.
-
NewsTopps Tiles cautious about outlook as like-for-likes slow
Topps Tiles has reported that consumer confidence remains shaky and trading patterns were lacklustre in its second quarter.
-
NewsBarclays eyes Poundland
Poundland has received an expression of interest from Barclays Private Equity to buy the retailer for around £200m, according to The Independent.
-
NewsFaith looks at management buyout as 'for sale' flag raised
Footwear retailer Faith has hired advisers to run a sale which is likely to lead to a management buyout backed by private equity.
-
NewsLord Kirkham calls off DFS auction
Sofa king Lord Kirkham has ended the £500m auction of his DFS chain and said he has no interest in selling it.
-
NewsSports Direct considers upping offer on Blacks
Blacks Leisure has confirmed it received a letter from Sports Direct last week indicating that it would consider upping its offer for the outdoor chain.
-
NewsNew product categories to drive growth at HMV
Entertainment group HMV is to extend the product offer at its eponymous music business and has set out a turnaround strategy for books chain Waterstone’s.
-
NewsTurnaround guru Ian Gray parachuted in to Abel & Cole
Upmarket food specialist Abel & Cole has parachuted in turnaround specialist Ian Gray as chairman and its founder has returned to run the business after the recession hit growth.
-
NewsBlockbuster UK insists it has a future despite US struggles
The boss of the UK arm of embattled US DVD rentals chain Blockbuster has vowed that the retailer has a future and is not seeking to exit large swathes of its 638-store portfolio.
-
NewsHalfords to exit loss-making European arm
Halfords expects to beat full-year profit forecasts and is exiting its loss-making European businesses.