All City & finance articles – Page 274
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NewsAsos full-year sales soar as US shoppers drive growth
Asos has reported a jump in sales across its UK and international markets as its active customer numbers and average order value rose.
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NewsBurberry sales edge up, bolstered by luxury spend in UK
Burberry has recorded a marginal rise in its first-half sales, driven by tourist spend in the UK following the depreciation of the pound.
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NewsFashion sector suffers steepest sales decline since 2009
Fashion retailers have suffered their steepest sales decline in seven years after almost £700m was wiped off the value of the market.
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NewsHamleys profits fall following £1m cost of Chinese takeover
Hamleys pre-tax profit reported a fall in pre-tax profits after the cost of its Chinese takeover dented earnings.
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NewsSir Philip Green hires lawyer in bid to clear his name
Sir Philip Green has hired a top human rights lawyer in a bid to clear his name following the inquiry into the collapse of BHS.
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NewsRetailers to raise prices by 5% as pound hits new low
Retailers are preparing to raise prices by around 5% next year after the pound plummeted to a new low, analysts have warned.
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NewsAgenda: Asos, Boots and Burberry update as Bucher joins Debenhams
Retail Week looks ahead to the next seven days as Asos, Boots, Burberry and Travis Perkins update, while Sergio Bucher takes the reins at Debenhams.
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NewsMountain Warehouse puts IPO plan on ice
Mountain Warehouse has shelved plans for an IPO as the Brexit vote deterred its founder from floating the business, Retail Week can reveal.
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NewsLondis and Budgens owner Booker posts jump in profits
Food retailer and wholesaler Booker has hailed the progress of its Londis and Budgens chains after unveiling a jump in half-year profit.
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NewsWHSmith’s profits rise as high street sales fall
WHSmith expects to report increased profits and group revenue for its full-year, but falling sales in its high street division.
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NewsGame profits plunge 84% in 'undoubtedly tough' year
Game’s pre-tax profits have plunged 84% in what boss Martyn Gibbs described as an “undoubtedly tough” year.
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NewsKurt Geiger doubles full-year pre-tax profits
Kurt Geiger has doubled its full-year pre-tax profits, despite multiple changes of ownership in recent years.
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NewsDixons Carphone hit by Samsung phone recall
Dixons Carphone’s share price took a nose-dive this week immediately after Samsung pulled its new Galaxy Note 7 from shelves.
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CartoonBlower’s retail cartoon: Amazon tops Etail Power List
Cartoonist Patrick Blower’s take on the Etail Power List 2016, with Amazon, Shop Direct, John Lewis and Ocado vying for the first four places.
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NewsTed Baker boss Kelvin: 'No one wants Black Friday'
Ted Baker boss Ray Kelvin said today that the retailer will reluctantly participate in Back Friday.
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NewsTed Baker profits soar, driven by international sales
Ted Baker has reported rising half-year profits and sales as it plans further international expansion despite “challenging trading conditions”.
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AnalysisSecret success: Home Bargains – from single store to value powerhouse
It began with takings of only £85 a week. Today, however, the value retailer Home Bargains turns over almost £1.5bn annually.
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NewsMatalan profits surge in second quarter but sales slide
Discount fashion retailer Matalan has unveiled soaring profits as its EBITDA rockets 570% to £15.4m in its second quarter.
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NewsBig four grocers to get £173m business rates reduction on larger stores
The big four grocers will receive a £173m tax reduction on their larger stores over the next five years following the business rates revaluation.
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NewsWalmart increases stake in etailer JD.com as it grows online business
Walmart has almost doubled its stake in Chinese etailer JD.com as the world’s biggest retailer continues to bolster its online presence.