Carpetright Plc said Chief Executive Officer Darren Shapland quit amid a further deterioration in sales that will cause profit to be “significantly below” the U.K. retailer’s projections, sending the shares down 15 percent.
Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, plans to open 50 bank branches in its stores within two years as it takes on Tesco Plc and British lenders such as Lloyds Banking Group Plc and Barclays Bank Plc.
Marks & Spencer Group Plc, the U.K.’s largest clothing retailer, said it will spend less on bringing the business up to speed with competitors as it moves beyond recovery and places greater emphasis on rewarding shareholders.
Marks & Spencer Group Plc , the U.K.’s largest clothing retailer, reported sales that beat estimates and forecast improved profitability as Chief Executive Officer Marc Bolland starts to put his stamp on the business.
Halfords Group Plc , a U.K. seller of car parts and bicycles, said profit rose 11 percent last year as improved margins offset a squeeze on consumer spending. The shares rose the most since February 2010.
SuperGroup Plc , the owner of the Superdry clothing brand, forecast fiscal full-year profit will be toward the upper end of analyst estimates after sales almost doubled during the Christmas trading period.