Latest finance news – Page 96
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NewsInditex sales and profits jump in face of rising international costs
Spanish fashion giant Inditex posted an 11% jump in sales, but a more modest profit increase as inflation pushed up the cost of goods.
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NewsWatches of Switzerland clocks up rise in profits as store expansion drives sales
Watches of Switzerland has registered a spike in profits as its investments in new showrooms and store refurbishments bore fruit.
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NewsProCook swings to loss despite ‘good strategic progress’
ProCook has swung to a half-year loss after suffering a slide in sales against tough comparatives.
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NewsSupermarket shoplifiting soars amid cost-of-living crisis
Shoplifting from supermarkets has surged 16% in the run-up to Christmas as the ongoing cost-of-living crisis piles pressure on consumers.
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NewsSosandar swings to profit and hails ‘record’ Black Friday sales
Sosandar has swung to a half-year profit and delivered a bullish update on current trading as it targets sales momentum.
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NewsPoundland owner Pepco ramps up investment in stores as profits rise
Poundland owner Pepco Group plans to accelerate its store expansion plan after posting an increase in profits.
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NewsMonsoon eyes new store openings as profitability recovers
Womenswear retailer Monsoon is bucking the gloom hanging over retail with plans to open new stores in 2023 after returning to profitability this year.
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NewsTesco begins hunt for new chair as John Allan prepares to stand down
Supermarket chain Tesco is drawing up succession plans for long-serving chair John Allan as he prepares to step down from his role in 2024.
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NewsSuperdry boss Dunkerton in talks over potential buyout
Superdry boss and co-founder Julian Dunkerton has held talks with private equity backers with an eye to a potential buyout of the company.
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NewsIn the Style launches strategic review as it swings to loss
Fashion brand In the Style has launched a strategic review of the business after its chief executive stood down and the business swung to a loss.
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NewsFrasers Group profits and sales surge on the back of acquisitions
Frasers Group’s profits and revenues have soared, driven by the retailer’s new brand acquisition strategy, disposal of some assets and the continued growth of Flannels.
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NewsExclusive: Fat Face profitability returns to pre-pandemic levels
Fashion retailer Fat Face’s pre-tax profits jumped following a record sales performance last year that helped profitability return to pre-pandemic levels.
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NewsQuiz swings to profit as sales rebound post-pandemic
Quiz has swung back into the black as sales rebounded in its stores, concessions and online following the disruption of the pandemic.
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NewsMoonpig lowers sales forecasts amid ‘challenging’ pre-Christmas trading
Moonpig has reduced its full-year sales forecasts after turbulent trading conditions hit its top line.
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NewsSainsbury’s pledges to keep prices low with further £50m investment
Sainsbury’s is to plough a further £50m into keeping prices low by March 2023 in a bid to help customers manage the rising cost of living.
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NewsSearch begins for successor to Morrisons boss Potts
Morrisons’ private equity owner is pondering an eventual successor to chief executive David Potts.
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NewsHush poaches former Feelunique boss for chief executive role
Womenswear brand Hush has poached former Feelunique boss Sarah Miles to be its new chief executive.
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NewsJohn Lewis launches £500m rental homes joint venture
John Lewis has partnered with investment firm Abrdn on a £500m, multi-decade partnership to deliver part of its rental homes target.
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NewsNext elbows out Foschini with last-minute swoop on Joules alongside founder
Fashion powerhouse Next has teamed up with Joules founder Tom Joule to buy the retailer, fending off competition for control from Phase Eight owner Foschini.
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NewsPhase Eight owner poised to snap up Joules
Foschini, the owner of fashion retailers Phase Eight, Hobbs and Whistles, is close to buying bust counterpart Joules from administrators.