Latest finance news – Page 74
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NewsJollyes posts record Q1 ‘almost exclusively’ from transaction growth
Jollyes has reported record sales growth in its first quarter results, which it said was “almost exclusively” from growth in volumes, not price inflation.
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NewsHalfords CEO says services division to outgrow retail business by year end
As Halfords reported strong sales driven by strong growth in its services and B2B division, chief executive Graham Stapleton says he expects the motoring specialist will sell more services than retail products for the first time by the end of this year.
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NewsWilko administrators confirm locations of 51 store closures
Administrator PwC has confirmed the locations where Wilko stores will be closing on September 12 and September 14.
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NewsHalfords autocentres drive growth but cycling curbs retail
Halfords’ autocentres have driven growth, but a drizzly summer and low consumer confidence limited its retail sales.
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NewsB&M acquires 51 Wilko stores
Discount retailer B&M will take over 51 Wilko stores, but a wider rescue deal from HMV owner Doug Putman remains uncertain.
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NewsWilko rescue deal ‘in limbo’ over supplier issues
A rescue deal by HMV owner Doug Putman to save collapsed retailer Wilko is reportedly “in limbo” following issues with some of its big suppliers.
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NewsOh Polly hails ‘exceptional’ performance as sales boom
Fashion etailer Oh Polly has credited its “exceptional” full-year financial performance to strong revenues and profits following its international expansion progress.
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NewsFootasylum sales rise despite fall in profits
Footasylum has posted an increase in sales, which it credited to strong store performance despite a fall in profits for the full financial year.
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NewsNew Look closes in on £100m refinancing deal
Fashion retailer New Look is reportedly in “advanced talks” with Blazehill Capital and Wells Fargo regarding a £100m debt refinancing deal to replace a loan that is set to mature next June.
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NewsExclusive: OnBuy ‘exploring possible synergy’ with Putman to save Wilko
UK-based online marketplace OnBuy is exploring a “possible synergy” with HMV owner Doug Putman as they look to save Wilko, Retail Week can reveal.
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NewsExclusive: Superdry cannot afford to get product wrong, warns CFO
Superdry chief financial officer Shaun Wills has said the retailer cannot afford to get its product wrong as it enters the autumn/winter season, after it posted an annual loss of £148.1m.
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NewsFrasers raises Boohoo stake for second time in a week
Frasers raised its stake in Boohoo for the second day in a row as it continues to build its “strategic investments”.
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NewsNext buys £128m stake in Reiss from private equity firm
Fashion giant Next has confirmed the purchase of private equity firm Warburg Pincus’ 34% stake in Reiss, upping the retailer’s total stake to 72%.
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NewsHMV owner Putman moves closer to rescue deal for Wilko
HMV owner Doug Putman is said to be edging closer to buying a large portion of troubled retailer Wilko.
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NewsLululemon sales jump as revenue ‘exceeds expectations’
Lululemon has recorded strong sales and revenue growth that “exceeded expectations” as it continues to enhance its business model and product offering.
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NewsWilko redundancies to go ahead as rescue bid collapses
Wilko redundancies will go ahead as a last-minute rescue bid from a private equity firm has fallen through.
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NewsRevolution Beauty sales increase despite ‘well-publicised upheaval’
Revolution Beauty posted an increase in sales driven by the “relevance, affordability and strength of the Revolution Brand” despite “well-publicised upheaval” for the business.
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NewsM&S returns to FTSE 100 after four years
Marks & Spencer has returned to the FTSE 100 index after four years as its share price surged and its turnaround strategy paid off.
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NewsSuperdry shares suspended as results delayed
Shares in fashion retailer Superdry have been suspended as full-year results were delayed.
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NewsThe Works posts profit fall but says strategy bearing fruit
Crafts, toys and books retailer The Works has posted a fall in full-year profits but said current trading is in line with expectations.