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.
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.
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.
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.
Burberry Group Plc , the U.K.’s largest luxury company, reported a 23 percent gain in annual profit on increased sales of high-margin accessories and shoes, and said it plans to accelerate store openings this year.
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.