Latest finance news – Page 605
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NewsAllied Carpet Properties in administration and 51 shops sold to retail arm
Allied Carpet Properties has been placed into administration, and 51 of its stores have been immediately sold to Allied Carpets Retail.
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NewsRecession takes toll on online sales growth
The recession has started to hit online sales growth as the exponential increases once experienced by the e-tail market have begun to slow, according to new figures.
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NewsWaitrose sales outpace Marks & Spencer food for first time
Waitrose managing director Mark Price has revealed that the grocer has overtaken Marks & Spencer in food sales for the first time in its 105-year history.
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NewsGovernment considers business rates relief fund
The Government has launched a consultation process on a £2bn relief scheme for businesses, including retailers, affected by next year’s business rates revaluation.
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NewsEarnings upgrades in sight as retail sales hold their own
The City took heart at better than anticipated retail sales in June, raising the prospect of sector upgrades.
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NewsDunelm impresses City with sales jump
Homewares retailer Dunelm impressed the City with higher than expected second-half sales and ambitions to open more stores in the financial year.
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NewsPrimark outperforms as Arthur Ryan prepares to exit
Primark has once again outperformed the wider fashion market, recording a 20 per cent uplift in sales in the 40 weeks to June 20.
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NewsStrong range helps Next in Q2
Next is performing ahead of expectations and should deliver a strong second-quarter trading update when it reports at the end of the month, broker Singer Capital Markets believes.
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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NewsBorders UK completes management buyout
Borders UK has been bought out by its management team, with backing from Valco Capital Partners.The management team is led by chief executive Philip Downer and finance director Mark Little.Borders UK was owned by Risk Capital Partners, which had been seeking a new investor for some time.The buyout is funded ...
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NewsMicrosoft tycoon Bill Gates takes stake in JJB Sports
Billionaire Bill Gates has taken a stake in embattled sports retailer JJB, it emerged today.
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NewsMothercare reports strong first quarter
Like-for-like sales at maternity specialist Mothercare’s core UK business climbed 5.1 per cent in the first quarter.
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NewsBurberry has a strong start to the year
Burberry made a solid start to the year with retail revenues ahead 12 per cent in the three months to June 30.
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NewsBlacks ‘performing satisfactorily’
Blacks Leisure, the outdoor clothing and equipment retailer, has revealed a 1.8 per cent drop in like-for-like sales in the first 19 weeks of its financial year.
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NewsInflation dips below Government targets in June
The consumer prices index has fallen to below the Government’s 2 per cent target for the first time since September 2007.
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NewsRetail sales grow 1.4 per cent in June
Retail sales in June grew 1.4 per cent on a like-for-like basis helped by the heatwave across the country and clearance Sales.
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NewsSir David Jones attempts to defuse loan row
JJB Sports executive chairman Sir David Jones has repaid a £1.5m personal loan from Sports Direct founder Mike Ashley after what he has described as one of “the most stressful” weeks of his 49-year retail career.
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NewsDunelm like-for-likes rise 5 per cent in second half
Homewares retailer Dunelm has revealed better than expected sales for its second half, with like-for-likes growing 5 per cent as it takes market share.
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NewsAll Saints secures £30m financing deal
Fashion specialist All Saints has sealed a £30m funding deal from Lloyds TSB Corporate Markets, Retail Week can reveal.
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NewsJJB Sports threatens legal action against Mike Ashley
JJB Sports has threatened legal action against rival Mike Ashley, founder of Sports Direct, in an escalation of the row over a £1.5m loan to JJB chairman Sir David Jones.