After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
So meta: Amazon just opened an online store on Alibaba March 6, 2015 Amazon and Alibaba may be a hair away to declaring themselves official arch-nemeses, but that hasn't prevented the US online retail giant from making the most of the opportunities presented by its rival. Amazon has opened a shop on Alibaba's Tmall, the Chinese tech giant's equivalent of, er, Amazon. What does it all mean? Amazon's [...]
DFS IPO: Shares priced towards bottom of range March 6, 2015 There are plenty of gags about the DFS sale (Q: what are the three things that would survive a nuclear war? A: Cockroaches, termites, the DFS sale), but it looks like that's extending into its IPO. The furniture retailer priced its shares at a bargain 255p today ahead of its IPO. That's towards the bottom [...]
Moncler boosted by growth from piste to the high street March 5, 2015 Italian luxury down jacket-maker Moncler posted a surge in sales and profits last year after launching new stores on some of the world’s most upmarket high streets. The fashion brand, a favourite with celebrities including David Beckham, posted a better-than-expected 21 per cent jump in earnings before interest and tax (Ebit) to €201.6m (£145.9m). Revenue [...]
Cold weather hits February retail sales March 5, 2015 HIGH STREET sales declined in February as the cold weather put consumers off shopping and offset a boost in sales from Valentine’s Day. Mid-market retailers saw sales drop by 0.2 per cent year-on-year, despite easy comparatives on last years when flooding hit large parts of the country. The fashion sector took the biggest hit with [...]
Pawnbroker H&T takes a hit as more shoppers head to the web March 5, 2015 H&T GROUP said it needs to become “more relevant” to its customers and appeal to people who would not usually consider entering a pawnbroker, as its 2014 pre-tax profit fell by 17.9 per cent year on year to £5.5m. Basic earnings per share amounted to 11.78p, down from 13.44p in the prior year. The company, [...]
Muslims are disproportionately likely to become company directors March 5, 2015 Muslims account for just 3.1 per cent of the UK's population, but the proportion occupying the top spots at companies exceeds this. Al Rayan Bank, formerly known as the Islamic Bank of Britain, conducted the first ever survey into the prevalence and influence of Muslims in British businesses, and found that seven per cent of [...]
Adidas profits take a hit from Russian currency fluctuation March 5, 2015 The figures Adidas group revenue grew six per cent on a constant currency basis in the fourth quarter of 2014, largely driven by retail growth of 20 per cent, while wholesale was up a more tempered five per cent. The German firm's TaylorMade Golf brand suffered a 28 per cent decline in sales. North America, [...]
Profits fall again at Abercrombie & Fitch March 4, 2015 The figures It turns out sex doesn't necessarily sell. Figures posted today show profits at the clothing retailer, known for its preppy style and beautiful, often scantily-clad staff, fell by nearly a third to $44m, or 63 cents per diluted share, in the three months to the end of January. Net sales were also down, [...]
Clothing bargains lead to 22nd month of shop price deflation March 3, 2015 FALLING prices of non-food items such as clothing and DIY goods have dragged overall shop prices down for the 22nd month in a row. Figures released by the British Retail Consortium (BRC) and Nielsen today show that shop price deflation accelerated to 1.7 per cent in February after falling by 1.3 per cent in January. [...]
Partnership Assurance share price down as annuities drop March 3, 2015 Retirement specialist Partnership Assurance saw shares fall by 6.59 per cent yesterday after reporting new business premiums of £791m in 2014, around two thirds of their level in 2013. The company also announced a £100m bond issue to majority shareholder Cinven, with the stated aim of gaining “further financial flexibility” to grow the business in [...]