Morrisons: Share price jumps as chief executive Dalton Philips resigns, while Andrew Higginson steps up January 13, 2015 Shares in Morrisons bounced six per cent in early trading, after it announced chief executive Dalton Philips will step down after five years at the helm, while Andrew Higginson, an ex-Tesco executive, will take over from chairman Sir Ian Gibson later this month. Philips will stay on until the company's end of year results in [...]
Shares jump higher at AO World January 12, 2015 SHARES in AO World rallied yesterday after the online white goods company reported a surge in third quarter sales, thanks in part to the success of Black Friday weekend. The so-called e-tailer, which sells kitchen appliances and televisions online from its warehouse in Crewe, said revenue from its website jumped 38 per cent three months [...]
Fat Face shuns promotions for festive boost January 12, 2015 FAT FACE chief executive Anthony Thompson said the firm owes its success over Christmas to holding its ground on promotions until Boxing Day, as festive sales jumped. The casual clothing retailer, which pulled plans for a £300m float last year, reported a 13 per cent rise in sales in the five weeks to 3 January, [...]
High street suffers Black Friday hangover as retail sales drop January 12, 2015 RETAILERS were hit by a slowdown in sales over Christmas after the Black Friday shopping bonanza pulled forward holiday spending into November. Like-for-like sales dropped by 0.4 per cent compared to the same month a year ago, according to the latest data from KPMG and the British Retail Consortium (BRC). Total sales were up one [...]
Black Friday: Why we didn’t spend more, we just spent earlier January 12, 2015 It wasn't just customers Black Friday 2014 took by surprise. Despite their heavy discounting, many retailers were unprepared for the frenzy that took place as shops opened. Words of abuse were exchanged, there were even punch-ups as consumers clamoured to get that last bargain flatscreen telly. And although the spending bonanza has helped lift sales [...]
AO World share price jumps as revenues rise on Black Friday bonanza January 12, 2015 The figures It was less a case of "Black Friday", more a case of "white goods Friday" for recently-listed AO World. Shares in the online washing machine/fridge/dishwasher retailer rose more than five per cent in early trading this morning, after it reported third quarter revenues from its website were up 38 per cent in the three [...]
Inflation falling after price wars over Christmas – London week ahead January 11, 2015 CONSUMER price inflation figures for December, due out tomorrow, will shine a light on to what extent falling oil prices and intense retail competition have boosted spending power in the UK. Analysts says the fall in inflation is likely to have been tempered by the fact that there was more retail discounting than usual in [...]
Investors keen to see if retail up after oil hit – The week ahead on Wall St January 11, 2015 INVESTORS hope the lower gasoline cost is putting more money in consumers’ wallets for spending on apparel and other retail goods. The next two weeks will indicate whether that’s happening. The coming weeks, as the fourth-quarter earnings season gets underway, are among the more active periods of the year for retailers to issue earnings pre-announcements. [...]
Jaeger latest upmarket retailer to stride ahead of high street January 9, 2015 Fashion retailer Jaeger strode ahead of its high street competitors, reporting stellar sales during the Christmas period. The upmarket brand said like-for-like sales jumped eight per cent in the 13 weeks to January. They were lifted by US-style discount days Black Friday and Cyber Monday. Total sales grew 8.3 per cent, with menswear posting impressive [...]
Wilfried Bony could be Manchester City’s most expensive January transfer window signing ever January 7, 2015 Manchester City are understood to be on the verge of signing Ivorian striker Wilfried Bony from Swansea City, but may need to break their January transfer window record in order to seal the deal. Bony will reportedly cost the reigning Premier League champions upwards of £30m, even though he is soon to jet off on [...]