City and Corporate
SuperGroup revises profit guidance due to slowing sales in January
SuperGroup, the owner of the Superdry fashion brand, saw retail sales rise by 27.8% to £78.5 million in its third quarter. Like-for-like sales increased by 4.4% in the 13 week period ending 29 January. Read more..
Boohoo.com owner reports 80% rise in profit
Pinstripe Clothing, owner of fashion website Boohoo.com, saw pre-tax profits climb 80% to £139,000 in 2011. Read more..
French Connection warns on profit
Fashion retailer French Connection has issued its second profits warning in less than three months. Read more..
GAME Group agrees new finance deal
Struggling GAME Group has been offered a lifeline after its lenders agreed to revise the terms of its banking facilities. Read more..
Hamleys reports strong festive trading
Toy retailer Hamleys has revealed that like-for-like sales at its stores in the UK and Ireland rose 3.2% in the four weeks to 25 December 2011. Total sales increased by 3.6% while sales from international franchise stores surged by 22.4%. Read more..
Home Retail Group has announced the appointment of new managing director for Argos
John Walden, who will take up his new role by the end of February 2012 will bring his multichannel and technology expertise to the company. Read more..
Carpetright warns on profit
Carpet and floor coverings retailer Carpetright has warned that it expects the difficult trading conditions to continue into 2012 and that underlying pre-tax profit will be below market expectations. Read more..
Ocado upbeat about sales growth
Online grocer Ocado has reported a 26.6% rise in underlying earnings for the year to 27 November 2011. Group sales grew by 16.6% to £642.8 million from £551.1 million the year before. Read more..
Retail in the midst of a painful revolution
The fall into administration of the likes of Peacocks, La Senza and Blacks’ may be part of an ongoing clear-out of retail stores that ultimately helps the remaining players on the high street to prosper. By Glynn Davis Read more..
Co-op Food appoints new chief executive
The Co-operative Group has appointed Steve Murrells as the new chief executive of its food business. He replaces Tim Hurrell who retired last year. Read more..
Sales drop by nearly a quarter at Flying Brands
Sales at Flying Brands fell to £4.83 million in its final quarter of 2011 compared to £6.43 million in the same period in the previous year. Read more..
Carphone Warehouse reiterates earnings guidance
Carphone Warehouse Group has said that it is confident it will achieve full year headline earnings guidance despite a challenging outlook. Read more..
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