Latest finance news – Page 623
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Discounters enjoy spoils of the downturn
Discount retailers are benefitting from the global downturn as shoppers around the world continue to trade down, according to a report.
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Game exceeds expectations as it exploits collapse of rivals
Game expects to exceed profit expectations after strong Christmas trading.
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Robust fashion fascias propel JD Sports sales
JD Sports Fashion has further strengthened its position in the resilient young-fashion market, generating sales across its fashion stores up 12.5 per cent for the five weeks to January 5.
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Retail stocks languish as dismal Christmas fails to lift confidence
Hard-pressed retailers outperformed the All Share index as the first week of trading updates brought few nasty surprises.
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Land of Leather gets strong sale interest
Land of Leather has this week received 14 expressions of interest for its business and stores after the furniture retailer collapsed into administration on Monday.
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NewsOriginal Factory Shop and TJ Hughes cash in on festive trading down
Discount retailers Original Factory Shop and TJ Hughes have delivered stellar Christmas results amid a challenging economic climate.
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Grocers fear shoppers’ job worries
Grocers Sainsbury’s and Tesco have warned that the fear of job losses will be one of the biggest challenges facing UK retailers this year.
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Blooming Marvellous on brink as Kcaj falters
The future of Icelandic fund Kcaj hung in the balance as Retail Week went to press and one of its investments, maternity chain Blooming Marvellous, was making a last-ditch attempt to find a buyer.
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NewsFat Face sales up on declining EBITDA
Earnings at fashion and lifestyle retailer Fat Face fell more than 4 per cent in the 26 weeks to November 29 despite sales growth of 1.8 per cent for the period.
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Clinton Cards reveals dismal Christmas trading
Greetings cards group Clinton Cards has revealed it had a poor Christmas with like-for-like sales dropping 4.1 per cent in the five weeks to January 4.
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N Brown reports sales up but bad debt takes margin toll
Home shopping group N Brown notched up like-for-like growth of 8.8 per cent over Christmas, but bad debt dragged down gross margin.
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NewsPrimark first-quarter sales up 18%
Primark has revealed that total sales grew in its first quarter, as it continued to open new space across Europe.
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QS like-for-likes climb
Value fashion retailer QS has revealed that like-for-like sales climbed 5.4 per cent in the quarter to the end of 2008.
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JJB Sports heads for £10m loss
JJB Sports has warned it will make a loss this year of between 5m and 10m after tough trading conditions hit sales and gross margin.
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DSGi restructures executive team
Electricals retailer DSGi has dramatically overhauled its executive team ahead of revealing what is expected to be its poorest Christmas trading performance since the last recession.
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BRC urges business rates freeze
The Government has come under fire this week for adding to retailers’ business rate burdens.
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European grocery prices to fall this year
Grocery prices are likely to fall this year as food retailers react to the rise of discounters and lower oil and raw material prices.
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Icelandic fund Kcaj faces administration
Icelandic investment fund Kcaj, which owns several chains including Jones the Bootmaker, Mountain Warehouse and Blooming Marvellous, could be put into administration this week forcing the sale of its stakes in the retailers.
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Ideal Shopping beats Christmas expectations
Ideal Shopping Direct enjoyed a better than expected Christmas with like-for-like sales ahead of management expectations.
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Scottish delicatessen in administration
Scottish delicatessen chain McLeish Brothers has gone into administration.