All News articles – Page 118
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NewsZara owner Inditex sales rise in ‘robust’ quarterly performance
Inditex, which owns the likes of Zara, Stradivarius and Bershka, has reported a rise in quarterly sales and profits as its spring/summer ranges continue to be “very well received”.
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NewsB&M boss hails ‘good year’ and raises store openings target
Value retailer B&M Bargains has hailed the success of its store opening programme and upped its long-term store target number as profits and sales for the full year soared.
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NewsWHSmith ‘well positioned’ for summer as travel business booms
WHSmith has maintained its guidance and said it is “well positioned” ahead of the peak summer trading period as it continues to take steps towards being a “one-stop shop” for travel essentials.
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NewsBath & Body Works posts ‘better than expected’ results
US-based retailer Bath & Body Works has “narrowed” its guidance for the full year as it recorded “better than expected” results.
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NewsSportswear retailer founded by ex-footballer posts ‘strong’ year of growth
A sportswear retailer founded by a retired British footballer has reported a ”strong” year of growth as it continues its expansion strategy.
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NewsAsda poaches Lidl exec to run stores network
Asda has poached Lidl’s chief operating officer to head up its stores and distribution network, as it looks to further strengthen its senior management team.
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NewsM&S boss pay jumps as profits soar
Marks & Spencer CEO Stuart Machin’s pay is set to rise after the turnaround he’s led has pushed the retailer into its strongest financial position in decades.
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NewsRetailers ‘optimistic’ for summer of sport as May retail sales fall flat
UK retail sales saw only a “modest rebound” in May, according to the latest data from BRC-KPMG Retail Sales Monitor.
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NewsFrasers drafts in former City regulator boss
Frasers Group has named the former boss of the Financial Reporting Council as its newest non-executive director.
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NewsGetir running out of cash as rescue funding stalls
The founder of rapid delivery grocery app Getir is at odds with investors and is running out of time to agree a funding plan to keep the business afloat.
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NewsLidl promotes new marketing head from within
Lidl has promoted from within for its new marketing director, as the brand looks to continue its rapid growth in the UK.
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NewsWhite Stuff opens more stores in Marks & Spencer
Fashion retailer White Stuff has announced an expansion of its existing brand partnership with Marks & Spencer.
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NewsThe new Asda gen-AI initiative helping board members make decisions
Asda has rubber stamped a new generative AI platform providing data insights to its executive leadership.
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NewsBoots billionaire’s holding plummets by $2bn
The tycoon behind Walgreens Boots Alliance has seen more than $2bn wiped from his fortune.
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NewsM&S should have already overtaken Waitrose, says CEO
Marks & Spencer chief executive Stuart Machin says the retailer should have already “overtaken” Waitrose in the wake of its latest financial results.
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NewsShein to submit prospectus for London float
Shein has taken a step towards embarking on its much-anticipated float on the London Stock Exchange, which is expected to value the fast-fashion giant at around £50bn.
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NewsJD Sports boss expects pushback from staff on office return
JD Sports boss Régis Schultz says he expects some pushback from staff about his decision to bring them back to the office four days a week, but insists the decision is “the right way to do it”.
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NewsKlarna hails US expansion as revenues rise
Klarna has reported an increase in revenues and profits as its US expansion continues to supercharge growth for the payments provider.
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NewsFrasers Group tops up Hugo Boss stake
Mike Ashley’s retail empire Frasers Group has increased its stake in the luxury fashion brand Hugo Boss.
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News‘Dirty’ trainer brand plots biggest IPO of the year
An Italian luxury retailer famous for its ‘dirty’ trainers is plotting a float on the country’s stock market, which would be its biggest listing in at least a year.