All News articles – Page 1594
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NewsKingfisher reports profits surge but warns on ‘fragile’ outlook
Kingfisher group adjusted pretax profit surged 22.9% to £354m in the 26 weeks to July 31, but warned that the “outlook for consumer spending is fragile”.
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NewsComet like-for-likes up 4.3%
Electricals retailer Comet has reported like-for-likes up 4.3% in its first quarter, buoyed by TV sales from a World Cup campaign.
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NewsNew Look’s Will Kernan becomes chief operating officer
New Look group managing director Will Kernan has been appointed chief operating officer of the value chain, reporting to chief executive Carl McPhail.
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NewsDunelm profits up, Halfords FD Nick Wharton to become new CEO
Dunelm has reported a pre-tax profit surge of 46% to £76.8m in its full year, and revealed that chief executive Will Adderley will assume the new role of executive deputy chairman with Halfords group finance director Nick Wharton taking over as chief executive.
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NewsJohn Lewis and Waitrose report strong half year growth
The John Lewis Partnership has reported pre-tax profit up 28% to £110.5m for the half year ending July 31, with strong growth in its John Lewis department stores and grocer Waitrose.
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NewsDiamonds & Pearls rebrands to Victoria
Jewellery retailer Diamonds & Pearls has rebranded as Victoria as it gears up for expansion.
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NewsJJB Sports poaches Ben Sherman international retail director
Embattled sports retailer JJB Sports has appointed Ben Sherman international retail director Kate Hayes as its trading director to help drive its turnaround strategy.
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NewsTesco through to second round of Carrefour Asian bids
Supermarket Tesco is through to the second round of bids for grocery giant Carrefour’s $1bn (£642m) south-east Asian assets, according to the Financial Times.
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NewsVodafone linked to Phones4U sale
Vodafone has been touted as a possible buyer of Phones4U, the high street mobile phone retailer.
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NewsAsda launches student shopping card
Asda is to launch a shopping card that parents can top up with money to pay for students’ groceries.
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NewsMarks & Spencer director slams retailer’s eco kettles
A Marks & Spencer director has joked that the retailer’s eco kettles are “bug ugly” and said he feared his cleaner could accidentally leave it on and burn his house down.
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NewsNext boss Simon Wolfson: ‘No meltdown in consumer spending’
Next chief executive Simon Wolfson said he expects no double dip recession or a “meltdown in consumer spending” as he issued half-year results.
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NewsIdeal Shopping completes turnaround
Ideal Shopping Direct has reported a pre-tax profit in its interim results against a loss in the same period the previous year and said its business turnaround is now complete.
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NewsFindel appoints Roger Siddle as chief executive
Home shopping group Findel has appointed Roger Siddle as its chief executive with immediate effect.
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NewsStephen Marks: French Connection ‘back on track’
French Connection is “back on track” founder and chairman Stephen Marks has declared after interim results showed a return to the black.