|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's range||0.529 - 0.529|
|52-week range||0.432 - 0.684|
|PE ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||N/A|
(Reuters) - British clothing retailer N Brown Group Plc (BWNG.L) reported a 5.6 percent rise in half-year revenue on strong growth in plus-sized apparel sales. The company also said it would partner with ...
Sportswear billionaire Mike Ashley has closed almost half of Sports Direct International Plc’s concessions in the stores of struggling U.K. department store operator Debenhams Plc as he pursues a more ...
Britain's most successful clothing retailer this century, in terms of profits, has faltered over the last two years due to a broader slowdown in spending on fashion and footwear that it first identified in 2015. “I’m marginally less pessimistic than I was three months ago and it’s encouraging to see some of the improvements coming through on Directory," Chief Executive Simon Wolfson told Reuters, referring to the group's online business. Wolfson said that while he expected price increases to moderate next year, it was much harder to predict when consumers would start spending more on clothes.
** Computer gaming group Game Digital up c15 pct after Sports Direct, the retailer controlled by billionaire Mike Ashley, buys a 25.75 pct stake ** Sports Direct owns stakes in retailers including Debenhams ...
Britain's Sports Direct, the retailer controlled by billionaire Mike Ashley, has bought a 25.75 percent stake in Game Digital, the computer gaming group said on Thursday. Ashley's Sports Direct owns stakes ...
Dixons Carphone (Frankfurt: CWB.F - news) , Britain's largest electricals retailer, said on Wednesday trading in its home market was holding up, confounding fears that a squeeze in consumers' spending power would dent demand for televisions and washing machines. British consumers have been hit by a sharp rise in inflation, caused in large part by the fall in the value of the pound since Britain's vote to leave the European Union, and by a slowdown in wages growth.
Britain's FTSE inched lower on Tuesday, weighed down by losses among pharma stocks, while updates from Carpetright and Debenhams gave conflicting pictures of the health of British consumers as inflationary ...
Retailers Carpetright and Debenhams (Frankfurt: D2T.F - news) have become the latest to fall victim to the tough consumer environment as earnings and sales struggled. Carpetright (Other OTC: CGHXF - news) reported a 93% fall in pre-tax profits to £900,000 for the year to 29 April, largely because of a one-off charge related to its loss-making stores. Carpetright chief executive Wilf Walsh said the group faced "a challenging consumer environment and competitive landscape" but was confident it could grow market share.
British consumer confidence plunged during the political crisis sparked by Prime Minister Theresa May's election flop, hitting the sales of general retailers such as Debenhams just as shoppers' spending power is undermined by the pound's fall. Two major surveys showed confidence among British consumers and retailers had fallen back to levels last seen in the wake of the shock 2016 Brexit vote which thrust Britain's $2.5 trillion economy onto an uncertain path. Polling firm YouGov (LSE: YOU.L - news) said it expected economic growth to fall sharply over the coming months while the Confederation of British Industry said retailers were downbeat about July.
Hedge funds have significantly stepped up bets against Britain's traditional high street retailers, as the sector struggles with online competition, worries about a stretched consumer and weakening sales and profits. The risks were on full display on Tuesday when shares in Debenhams slid more than 3 percent to an eight-year low following a weak trading update and a warning on UK sales.
Debenhams (Frankfurt: D2T.F - news) , Britain's second-biggest department store, said trading had become more volatile in the second half of the year and warned its 2017 profit could slip towards the lower end of expectations if conditions did not improve. The retailer, in the middle of a turnaround programme led by new Chief Executive Sergio Bucher, reported a 0.9 percent fall in group like-for-like sales in the 15 weeks to June 17, its fiscal third quarter. It said it anticipated that 2017 profit before tax would be within the range of market expectations.
About 200 jobs will be lost but 1,700 more salvaged in a multimillion pound rescue deal for the struggling owner of womenswear brands, including Jacques Vert. Sky News understands that approximately 200 of the 1,900 employees of Style Group Brands will leave as part of a pre-pack administration to be announced on Saturday (Shenzhen: 002291.SZ - news) . Sources said that a group of investors - revealed by Sky News earlier this week - would close Style Group Brands' standalone stores as part of their transformation plan for the business.
Discount sports retailer Sports Direct raised its bet on the stock of struggling department store Debenhams. Filings on Monday show that Sports Direct now has an indirect 17.08% stake in the retailer through financial instruments. As Business Insider pointed out back in March, Sports Direct's interest in Debenhams is not a straight forward one.
A cyber attack has compromised the personal data of up to 26,000 Debenhams (Frankfurt: D2T.F - news) customers. The breach, which is understood to have been malware-based, targeted the online portal for the retailer's florist arm, Debenhams Flowers. Debenhams has stressed that the site is operated by Ecomnova, a third-party supplier, and that customers of other services have not been affected.
British fashion chain Next (EUREX: NXTJ.EX - news) lowered its annual profit forecast on Thursday, counting the cost of tough trading conditions and self-inflicted problems with its product ranges. Next (Frankfurt: 779551 - news) , Britain's most successful clothing chain in recent years, is one of a number of companies to feel the impact of a squeeze on consumer spending as inflation bites. Next also said that "omissions" in some of its product ranges would not be fully rectified until the launch of its Autumn season in September, a rare misstep for a retailer that has been in tune with the British mid-market since it was founded in the 1980s.
** UK retailers' stocks tend to perform well 6-30 months after the arrival of an external CEO, Morgan Stanley writes, singling out M&S for significant outperformance potential following management rejig ...
What is Debenhams (Frankfurt: D2T.F - news) for? For some time now, financial journalists have routinely inserted the adjective 'ailing' into their copy on Debenhams, for several reasons. Debs was also the poster child, for a while, for everything seen as wrong with private equity.
Debenhams (Frankfurt: D2T.F - news) , Britain's second-biggest department store operator, said on Thursday it would return to growth by closing a few stores, revamping the rest and improving its online service, but concerns about the cost sent its shares lower. After a strategic review by new Chief Executive Sergio Bucher, a former Amazon and Inditex (Amsterdam: IT6.AS - news) executive, the group also said it would seek efficiencies by simplifying the business. Debenhams, which posted a 6.4 percent fall in first-half profit, said up to 10 of its 176 UK stores would be reviewed for closure in the next five years, while consultation had begun on closing one central distribution centre and about 10 regional warehouses.
Debenhams (Frankfurt: D2T.F - news) will consider closing up to 10 of its 176 stores under a review announced by its new chief executive, Sergio Bucher. The company's shares have fallen a third over the last year and it says more investment is required to improve its mobile systems, supply chain and store estate. Debenhams said it hoped many staff could be redeployed.