Latest finance news – Page 659
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Gieves & Hawkes enlists VoIP to cut call costs
Savile Row tailor Gieves & Hawkes is making significant savings on its telephony costs after switching to an internet protocol-based telephone service.
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NewsAgent Provocateur invests in IT to back growth plans
Luxury lingerie retailer Agent Provocateur is to roll out a system from K3 to support its multichannel operation and improve its product lifecycle management as it expands the business.
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Mexx to withdraw from UK
Mexx, the fashion and accessories chain, is to close its 61 retail outlets in the UK.
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Sir Philip Green warns of tough trading
Arcadia boss Sir Philip Green has warned that business will get tougher and the early Easter holiday will put further pressure on British retailers.
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Dunelm sales and profits soar
Homewares retailer Dunelm has reported sales up 10.6 per cent to 197.4 million in its interim results, but warned trading in the second half will prove tougher.
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Moss Bros shareholder to launch rival bid
A private shareholder is poised to launch a rival takeover bid for Moss Bros in competition with Icelandic investor Baugur.
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Select falls into administration
Value fashion chain Select has gone into administration after poor trading in the first quarter of this year.
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JJB Sports sells Soccer Domes
JJB Sports has sold its Soccer Domes division to five-a-side football centre operator Powerleague for 17.4 million.
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Baugur makes move on Moss Bros
Moss Bros has received a provisional take over offer from Baugur as the menswear retailer issues another profit warning.
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John Lewis weekly sales 'toughest in recent memory'
Department store John Lewis suffered awful sales for the week ending February 16, as the retail slowdown finally caught up with one of the sector's best-performing chains.
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Best Buy cuts forecasts as US slowdown starts to bite
Best Buy has slashed sales and profit forecasts in what analysts believe the latest sign of the country’s retail slowdown.
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Thorntons: The City View
The City gave Thorntons a thumbs-up after the chocolatier posted a tasty increase in first-half profits and sales.
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Competition probe and Asda success help quoted grocers
Food retailers staged a comeback after they emerged largely unscathed from the Competition Commission’s investigation into the grocery market. Good fourth-quarter figures from Asda helped, confirming that food retailers as a group have been doing well.
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Ashley’s pricing rethink pays off as profits rocket at Lillywhites
Sports Direct boss Mike Ashley’s world-famous Lillywhites business has nearly doubled pre-tax profits after taking a more ambitious approach to pricing.
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Grocers’ share price turbulence
Morrisons, the grocery victor last Christmas, took analysts on a tour of its Northern redoubts on Tuesday.
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Firebox seeks £5m to launchUS offensive
Online gadget retailer Firebox wants to raise 5 million of venture capital investment to fund domestic growth and expansion in the US.
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Signet: the city view
Signet, the world’s biggest specialist jewellery retailer, posted a 6.7 per cent group like-for-like fall in the fourth quarter, propelled by an 8.6 per cent drop in the US.
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Adams eyes a profit as sale talks denied
Adams chairman John Shannon claims to have turned the childrenswear retailer around just a year after buying it out of administration.
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City remains cautious over retail as shares lose regained ground
General retailers’ share price rises of recent weeks looked like a dead cat bounce as they slipped back over the week, although food groups managed an increase following their decline since the start of the year.
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‘Rough times ahead’ for retail
Retail faces one of its toughest years as like-for-like sales are set to nosedive, according to a report by Verdict Consulting.