The Hut Group confirms plans for £4.5bn IPO - London's biggest this year
Around 1,000 brands used the company's Ingenuity platform to reach online consumers
Sector
Retail & consumer
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Profound changes to retail outlook sparks unlikely share picks for Morgan Stanley
Boohoo, Dunelm and Superdry are among retailers that “could get into financial difficulties” in a scenario where there is a second lockdown over Christmas, no vaccine and high unemployment for the next two years
Victoria’s Secret to go private as underfire boss departs
Les Wexner has been criticised over his friendship with Jeffrey Epstein, the American financier convicted for sexual offences
Kantar data reveals flat supermarket sales for summer, Sainsbury's best performer in ‘big four’
Tesco continued its reign as the UK's biggest grocer, however along with Sainsbury's, Morrisons and Asda it lost ground to discounters Aldi and Lidl
Card Factory sales growth eases as gifts business struggles
The retailer will again pay a special dividend later this year after debt came in line with forecasts at £170mln.
William Hill profits squeezed by regulations but overseas and digital prospects grow
Stripping out exceptional charges, adjusted operating profits were down 33% to £76.2mln due to the FOBT stake limit and investment in US expansion
Ascential reports first-half profits surge as it buys stake in Avast’s marketing analytics business
Ascential is paying almost £50mln for a 35% stake in Jumpshot – the marketing analytics arm of Avast
TheWorks.co.uk gathers steam as it ends first year as a listed firm
Despite a profit warning in May, the gifts, toy and stationery retailer saw its shares boosted after its adjusted pre-tax profits jumped nearly 60%
WideCells updates on convertible loans as financing agreement expires
“The company has an aggressive growth strategy, including making targeted acquisitions and will, going forward, look to support its activities through more traditional forms of debt and equity issuance and will seek to avoid structures with
Ascential trading in line with full-year expectations
Ahead of half-year results, Ascential provided restated summary results for 2018 following the adoption of the IFRS 16 accounting standard.
Clothing company Vince Holding increases 1Q revenue, sharpens focus on direct sales
Highlights from the quarter included an increase in direct-to-consumer revenue that saw the company selling through Vince-branded retail
Duluth Holdings reports widening fiscal 1Q net loss despite 14% increase in net sales
The Wisconsin clothing and tools supplier's net loss was $7.6 million, compared to a much smaller loss of $700,000 in the year-ago quarter
Shares of beanbag chair maker Lovesac fall on 1Q earnings miss
The company's adjusted loss widened to $0.67 per share, a bigger hit than the consensus estimate of $0.59
Stitch Fix rides subscriber growth to fiscal 3Q surprise
Clients for the company’s fashion subscription service reached 3.1 million, a 17% boost from the year-ago quarter
TrueCar shares sputter after CEO Chip Perry retires
The company named executive vice president Michael Darrow interim CEO
WideCells wins first Iconic Labs contract with UK financial services brand
Revenues in the first year are expected to exceed £1mln and the contract offers the potential for “material increases”
Beanbag chair maker Lovesac shows preliminary 1Q beat, drawing praise from Roth analyst
Analyst Dave King is impressed with Lovesac’s modular couches and says it's an interesting acquisition target for larger furniture players
Investors ditch Overstock.com after CEO sells half a million shares
The news drove the sock more than 15% lower Wednesday
YogaWorks is ‘accelerating’ membership growth, showing strong results, says Roth
Analysts Dave King and Andrew Mali maintained their $1.50 target and Buy recommendation on the stock
The Container Store books strong retail growth drives fiscal 4Q beat
The positive results were driven by a 10% growth in retail sales, particularly among its Custom Closets stores