Kesa Electricals Plc, Europe’s third- largest electronics retailer, may need a specialist restructuring firm to buy its U.K. Comet chain or to discard more of the unprofitable unit’s stores to placate activist investor Knight Vinke Asset Management LLC, analysts say.
Marks & Spencer Group Plc Chief Executive Officer Marc Bolland may have only a year to prove he can revive Britain’s biggest clothing retailer after reporting a sixth straight quarterly drop in non-food sales.
Marks & Spencer Group Plc today paraded fall/winter ranges featuring 169-pound ($251) leather leggings and 85-pound aviator jackets, providing clothing director Kate Bostock ’s first test under new chief Marc Bolland.
In more than a decade as chief executive officer of Tesco Plc, Terry Leahy prided himself on the creation of an international business that grew to become a third of sales. His successor is starting to dismantle it.
Burberry Group Plc, the U.K.’s largest luxury retailer, predicted it will report annual earnings above analysts’ estimates after a stronger-than- anticipated finish to the fiscal year in wholesale and retail.
Next Plc, the U.K.’s second-largest clothing retailer, reported faster sales growth in the third quarter as the expansion of the Next Directory home-shopping unit outweighed worsening sales at the company’s stores.
A demerger of WH Smith Plc, a U.K. magazine retailer and stationer, Whitbread Plc, owner of the Costa Coffee chain, and the sale of electronics retailer Comet, owned by Kesa Electricals Plc, should wait until consumer spending recovers, analysts say.
Debenhams Plc , the U.K.’s second- largest department store chain, plans to pay its first dividend in 2 1/2 years as own-label fashion brands such as H! by Henry Holland help boost sales and profitability.