Burberry hit as sales miss target
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Shares in Burberry sink 11% after it says retail sales were lower than hoped in the last three months of 2007.
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Marks &amp; Spencer is no longer the UKâs largest clothing retailer after losing its crown to supermarket chain Asda, it was reported today.
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Bad weather and interest rate hikes are hampering Marks & Spencer's recovery, according to reports.
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Shoppers were spending money up until the last minute, but holiday sales were nevertheless a disappointment. So says MasterCard Advisors' SpendingPulse, a report that tracks retail sales nationally.
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Takeover target Big Food Group says aggressive competition among food sellers drove down second-quarter sales by 3.3 percent, sparking fears its suitor might drop its bid price.
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Burberry is 'disappointed' to be  dropping sponsorship of a pre-Baftas party, after a planned protest  over a factory closure.
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MARKS &amp; Spencer has lost its much-coveted crown as the UKâs largest clothing retailer, to the supermarket chain Asda. Industry figures for the 12 weeks to 25 July show that Asda now has a leading 9.4 per
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The January sales failed to help the UK High Street recover from a poor Christmas season, a survey by the British Retail Consortium finds.
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Luxury clothing brand Burberry is beginning to lament the appearance of "chavs" -- working-class youngsters who sport their clothing and threaten to harm group profits, experts said.
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Women&#39;s apparel retailer Christopher &amp; Banks has posted a decline in a key December sales measure. The company reported same-store sales; those at stores open for at least a year, dropped by 7 percent for the month.
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Boxing Day figures reveal poor sales, but bargain hunters are expected to turn out in force for post-Christmas shopping
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Bad weather hit sales at Boots in the first half, while margins felt the pressure from price cuts made to combat stiffening competition, Britain&#39;s biggest health and beauty retailer says.
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High Street and catalogue retailer Next says weak Christmas and New Year sales will knock Â£5m off its full-year profits.
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The FTSE 100 extended recent falls on Monday, with retailers at the fore-front of the sell-off. With the key Christmas spending period upon us, the sector was hit by continued consumer spending fears.
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LONDON (CBS.MW) -- British retailer Gus (UK:GUS) , which owns catalogue retailer Argos, credit agency Experian and luxury goods group Burberry (UK:BRBY) , said Thursday first half profit before amortization of goodwill, exceptional items and taxation rose
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BusinessWeek Online - It sounds like a tale of woe for Europe's investment banks. One of the biggest takeover attempts in British retail history -- retail tycoon Philip Green's &#36;17 billion bid for iconic Marks &amp; Spencer Group PLC -- came to naught. A much-anticipated boom in initial public offerings has fizzled. And after a drought that started in 2001, merger-and-acquisition activity remains in a funk. But bankers in Europe's financial capital, the City of London, and its auxiliary, Canary Wharf, aren't crying in their pints. ...
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Consumers put away their wallets in June, sending retail sales plunging by the sharpest amount in nearly two years. Sales of autos, furniture and building supplies all fell, highlighting the economy's weak spots.