Debenhams Plc, the U.K.’s second- biggest department-store company, said fiscal first-half profit will miss estimates after January snowfall hurt sales and caused the retailer to offer deeper discounts to shift inventory.
Darty Plc’s largest investor plans to exercise its right to install a representative on the board of France’s biggest electronics retailer, losing patience after the company warned that annual profit is set to miss estimates.
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.
Darty Plc picked Regis Schultz to replace Chief Executive Officer Thierry Falque-Pierrotin, choosing a manager who revamped a furniture unit formerly owned by France’s biggest consumer-electronics retailer.
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.
Burberry Group Plc, the U.K.’s largest luxury-goods goods maker, reported third-quarter revenue that beat analyst estimates, sending the shares above the price they traded at before the company warned on profit in September.
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.
Debenhams Plc, the second-largest U.K. department-store chain, opposed a claim by competitor Next Plc that Christmas discounting was less than last year as it cut its forecast for full-year margin growth.