Boohoo share price plummets to record low as etailer issues profit warning January 7, 2015 Boohoo's share price has plummeted by around 40 per cent after the etailer issued a profit warning this morning. Although the fast fashion etailer said it had a record week over Black Friday, when demand was 2.4-times higher than its previous busiest day, it warned that full year results would be below market expectations. [...]
Record trading brings festive cheer to retailer House of Fraser January 6, 2015 HOUSE of Fraser has posted a record Christmas, buoyed by Black Friday and strong online sales, lifting expectations for the department store group’s full-year results. Like-for-like sales for the six weeks to 3 January rose eight per cent, with online sales up 31.2 per cent while sales from bricks and mortar stores rose 4.2 per [...]
High street stores lose sales to Black Friday and good weather January 6, 2015 BLACK Friday led to a slump in December’s retail sales, according to the latest BDO High Street Sales Tracker. Mid-market retailers saw sales drop by 1.4 per cent year-on-year, the fashion sector taking the biggest hit with a 6.1 per cent reduction in the last week of 2014. Sales of lifestyle goods went up by [...]
January transfer window 2015: Tottenham have spent £50m more than Arsenal in winter windows January 6, 2015 Having moved ahead of North London rivals Arsenal in the Premier League last week, Tottenham Hotspur may look to consolidate their position by bringing in new recruits in this month’s January transfer window. After a relatively poor start in the league, Arsenal look to be more in need of reinforcements in midfield and defence, yet [...]
Chelsea have more of the world’s most valuable players than any other club, according to new study January 6, 2015 Three of the 10 most valuable players in the world currently ply their trade at Stamford Bridge, according to a new study from the CIES Football Observatory. Eden Hazard, Diego Costa and Francesc Fabregas are all named in the top 10, alongside Liverpool’s Raheem Sterling and Arsenal’s Alexis Sanchez. No other club in Europe has [...]
Why is the first quarter the worst time of year for retail administrations? January 6, 2015 Hating January already? Be thankful you're not a retail business, because the festive hangover is even more brutal for them. The first quarter has been consistently the biggest period for retail failures looking back over the past three years – and experts believe 2015 could see even more companies collapse as the repercussions of [...]
Record Christmas sales to drive full-year growth at House of Fraser January 6, 2015 House of Fraser has reported a record Christmas, buoyed by Black Friday and strong online sales growth, helping lift expectations for the department store group's full-year results. Like-for-like sales for the six weeks to January 3 rose eight per cent, with online sales up 31.2 per cent while sales from bricks and mortar stores [...]
Christmas sales flop for UK’s supermarkets January 5, 2015 SUPERMARKETS’ sales were flat on the year over the Christmas period, as the retail giants received little benefit from the economic recovery, industry data showed yesterday. By contrast, consumers were happy to shop elsewhere over the festive season – Black Friday was the biggest shopping day ever, according to numbers from Barclaycard. Supermarket grocery sales [...]
John Lewis calls for an end to heavy Black Friday discounting January 5, 2015 JOHN Lewis boss Andy Street has urged UK firms to hold back on Black Friday discounting because of its heavy cut to profits. The retailer’s managing director said the American-inspired sales day at the end of November gave John Lewis its biggest trading week on record, with sales up 22 per cent on last year, [...]
M&S share price suffers after downgrade ahead of third quarter results January 5, 2015 Marks & Spencer shares fell over three per cent in mid-afternoon trading after a downgrade by investment bank Societe Generale and as it prepares to report third quarter sales figures later this week. The British retailer started the new year on the back foot after analysts at Societe Generale took the stock rating from "buy" to [...]