City

Retail news from The City

Financial results

Sports Direct toasts record profits

Sports Direct has posted a year of “record” profit as the World Cup boosted the retailer against tough comparatives last year.Profit rose 15.6 per cent to £239.5m while revenue rose 23.9 per cent to £2.7bn. EBITDA rose 15 per cent to £331.1m for t...
10:25AM - Thu 17th July 2014
A Lenta supermarket in Russia

Lenta using big data to boost sales by 39%

Russia supermarket chain Lenta is eying further growth after it posted strong sales figures for the second quarter this year.Sales surged 39 per cent to 46.3bn roubles (£790m) and like-for-like sales jumped 14.1 per cent.The St Petersburg based co...
04:36PM - Wed 16th July 2014

Boardroom

Cath Kidston and CEO Kenny Wilson have retained a minority share

Cath Kidston sells stake to Asian private equity firm

Floral accessories retailer Cath Kidston has sold a “substantial” stake to an Asian private equity firm in a bid to further support the company’s eastern expansion.Baring Private Equity Asia, who bought the stake, are specialised in bringing weste...
09:35AM - Wed 23rd July 2014
La Senza UK previously hit the buffers in January 2012 when more than 80 outlets closed

La Senza goes into administration for second time

Lingerie retailer La Senza has fallen into administration for the second time in two years with hundreds of jobs at risk.Every effort has been made for two and a half years to transform and revitalise the La Senza UK business, but it has continued...
10:12AM - Wed 2nd July 2014
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