All City & finance articles – Page 18
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NewsOnline Home Shop sales soar as shoppers hunt for bargain homewares
Online Home Shop, a family-owned ecommerce homeware retailer, has seen sales soar during the first half of its financial year as shoppers sought out cheaper ways to improve their homes, Retail Week can reveal.
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NewsWatches of Switzerland defies Trump tariffs with strong US trading
Watches of Switzerland has reported strong trading in the United States, despite the Trump administration’s levelling of increased tariffs on Swiss imports.
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NewsCo-op names new growth director in senior leadership shake-up
The Co-op has named a new growth director and promoted its food chief executive to a new position, as part of a major leadership team shake-up announced this morning.
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NewsSweaty Betty axes jobs as it makes return to profit
Fashion and athleisure brand Sweaty Betty has cut its workforce as it makes its first return to profit since 2021.
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NewsRecord-breaking UK summer heat drives garden sales
It may now be the rain getting your garden wet, but the hot summer in the UK helped drive bumper sales in the garden category. That includes a 140% year-over-year spike in sprinkler sales
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NewsFrasers Group names former audit watchdog head as new chair
The former head of the Financial Reporting Council has been appointed by Frasers Group as its new chair.
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NewsBoots ‘well positioned for future’ following Sycamore deal
Health and beauty giant Boots is “well positioned for the future”, its bosses maintained as a new ownership structure takes effect.
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NewsAsda enjoys best like-for-like quarter in over a year
Asda has reported a drop in total and like-for-like sales, but enjoyed its best like-for-like quarter in over a year. While now over, its IT upgrade also continues to affect product availability and will impact sales in the current quarter.
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NewsJD Sports underlying sales slip as it maintains cautious outlook due to tariffs
JD Sports has said it “remains cautious” on its outlook as indirect impacts of tariffs, tough trading conditions and strains on consumer finances persist.
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NewsDebenhams Group eyes PrettyLittleThing sale to balance its books
Debenhams, formerly the Boohoo Group, has announced that it is exploring the possibility of offloading struggling brand PrettyLittleThing to balance its books.
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NewsPoundland wins go-ahead for restructuring plan from High Court
Value retailer Poundland has been given a green light to restructure, providing a lifeline as it launches a revival strategy.
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NewsNew Look owner taps up Rothschild as it mulls potential sale
The owners of fashion chain New Look have appointed Rothschild to conduct a review of the business, as it mulls a potential sale.
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Chart of the WeekHealth and beauty deals dominate as global retail M&A slows
The surging wellness economy has helped make health and beauty the most in-demand consumer sector for M&A dealmakers, according to new figures from AlixPartners.
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NewsRevolution Beauty co-founders return after struggle to find new buyer
Revolution Beauty will see the return of its co-founders to “reset” the business after it couldn’t find a buyer during a formal sales process.
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Opinion'WHSmith’s American dream takes on nightmarish hue'
A profit warning from WHSmith after the discovery of accounting problems at its US arm came as a huge shock, but comparisons with Tesco at its lowest point may be overdone, believes Retail Week’s George MacDonald
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NewsDebenhams completes £175m refinancing deal
The company announced that a new three-year credit facility would be led by investment firm TPG Angelo Gordon, a subsidiary of TPG which had helped take the Debenhams department store chain private in 2003.
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NewsWHSmith issues shock profit warning
WHSmith, which sold off its UK high street arm earlier this year to focus on its travel operations, has revealed a financial review found an overstatement of £30m in headline profit in its North American division.
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NewsCourt to have final say on Poundland restructuring after creditor pushback
Creditors have failed to fully back value retailer Poundland’s restructuring plan, meaning a final decision will be made at a court hearing next week, Retail Week understands.
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NewsSeasalt hails strong year of growth despite external challenges
Cornish clothing brand Seasalt has recorded another strong trading year with significant progress in international growth and UK bricks-and-mortar store sales.
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AnalysisPoundland poised to press button on £1 price rollout as it awaits restructuring green light
Assuming the value retailer wins support for its turnaround plans in the next few days, boss Barry Williams thinks it could make a comeback as swift as its decline. Here, he tells Retail Week about his plans to make Poundland a favourite with shoppers once again