High St retailers propel FTSE 100 to a new high – London Report April 15, 2015 GAINS at High Street retailers pushed the FTSE100 to a new record high yesterday as Next, Dixons Carphone and Sports Direct all had good news to share. Dixons Carphone, the electricals and mobile phone retailer, was up two per cent after German mobile telephone company Drillisch agreed to buy the UK company’s chain of telecoms [...]
JD Sports share price soars as retailer scores £100m profit for the first time April 15, 2015 The figures JD Sports' share price soared by over five per cent after the retail group netted a slam dunk in 2014, with profits before tax and exceptional items smashing the £100m mark for the first time. The retailer which includes high street fixtures such as JD, Size?, Millets and Blacks in its roster, scored [...]
Retail sales helped by early Easter and likely to continue – London Report April 12, 2015 RETAIL sales data from the British Retail Consortium due out this week is expected to show decent sales growth due to the fact that Easter occurred at the very beginning of April this year. The report will also show that UK consumers are highly unlikely to hold back on making purchases due to the possibility [...]
JD Sports share price soars with retailer predicting big profits January 16, 2015 The Christmas season may already feel like a distant memory for most, but at JD Sports the festivities are still in full swing. The UK sports retailer’s share price soared seven per cent in early morning trading after the company increased its profit guidance for the year. JD Sports told investors to expect [...]
Retail collapses decline despite Bank’s woes January 7, 2015 THE NUMBER of retailers that collapsed into administration fell by more than a third last year as the high street benefited from improving consumer confidence, according to Deloitte. Some 119 retailers fell into administration, down 35 per cent on 2013, when 183 high street names were forced to close their doors, the professional services firm [...]
Over 1,500 jobs at risk after fashion chain Bank collapses January 5, 2015 FASHION retailer Bank went into administration yesterday with 1,550 jobs now at risk. The firm has 84 outlets across England and Wales. In November the struggling company was sold by JD Sports Fashion to restructuring company Hilco Capital. Financial services firm Deloitte has been appointed as administrator. “Bank has struggled in a highly competitive segment [...]
Fashion chain Bank enters administration leaving more than 1550 jobs at risk January 5, 2015 Fast fashion chain Bank has been placed into administration, less than two months after being sold by JD Sports Fashion. Deloitte is handling the administration, which puts more than 1,550 jobs at risk less than two months after it was bought out by restructuring specialist Hilco Capital. Deloitte's partners Bill Dawson, Daniel [...]
Christmas 2014: Amazon delivering until December 24, while Marks & Spencer, House of Fraser and Asos face capacity problems December 16, 2014 Worried you've left it too late to order Christmas presents online? You need to get your skates on if you want to avoid paying for special delivery, but some retailers are offering premium services up to the last minute. A new survey of retailers has found a number of businesses that promise to deliver [...]
JD Sports sells Bank to Hilco November 25, 2014 SHARES in JD Sports surged 3.7 per cent yesterday after the group said it had sold its loss-making fashion business Bank to focus on its other sportswear brands. The retailer said restructuring specialist Hilco Capital had bought Bank for an undisclosed sum via one of its subsidiaries. The sale should help to recover a substantial [...]
JD Sports Fashion shares rise after group offloads troubled fashion arm Bank to Hilco November 25, 2014 Shares in JD Sports Fashion jumped more than 4.3 per cent this afternoon, as the retailer confirmed it had sold its struggling fashion arm Bank. Restructuring specialist Hilco Capital has bought the business for an undislosed sum through one of its subsidiaries. JD Sports Fashion said the move “should result in a substantial recovery [...]