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Billabong cites “corporate turmoil” for $233 million loss

Posted:
28 August 2014 10:18

Australian boardwear brand Billabong has unveiled a turnaround plan designed to stem significant losses after 18 months of “corporate turmoil” and a fall in earnings hit the retailer.Although the group’s Asia-Pacific business saw an 8% rise in earnings for 2014 and losses narrowed in Europe, earnings in the Americas fell ...read more

New study shows supermarket growth “at 10-year low”

Posted:
28 August 2014 10:18

Growth in supermarket sales hit its lowest point in a decade in the last year, according to new figures.Research firm Kantar Worldpanel said that Supermarket grocery sales grew by 0.8% in the 12 weeks to the end of August from a year earlier, a record low.Competitors at both ends of ...read more

ASOS sees shares jump on bid interest rumours

Posted:
28 August 2014 10:16

Shares in online fashion retailer ASOS saw a rise yesterday as rumours circulated of a US company preparing a bid for a stake in the business. Financial website This Is Money said there was "vague talk" of a U.S. cash bid of approximately 50 pounds ($83) a share, possibly from ...read more

BrightHouse poised to become newest IPO candidate

Posted:
27 August 2014 10:26

Household goods chain, BrightHouse is rumoured to be the latest company set to make an appearance on the stock exchange after owner Vision Capital reportedly engaged an investment bank to advise on a potential float.BrightHouse is thought to be looking at expanding by at least 400 outlets from its current ...read more

Retail park opposes TK Maxx outlet at rival location

Posted:
27 August 2014 10:25

A retail park in Llandudno has said that the opening of a new TK Maxx branch in a neighbouring shopping centre will “undermine” the position of both the town centre and their own development.In a letter, Parc Llandudno Retail Park said: “The town centre has a mix of independent and ...read more

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