All City & finance articles – Page 336
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NewsSaks Fifth Avenue may launch in Europe as Hudson’s Bay buys Galeria Kaufhof
Hudson’s Bay Company, owner of Saks Fifth Avenue, is to buy German department store business Galeria Kaufhof from Metro Group.
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NewsIrish department store Clerys shuts after 162 years following sell-off
Irish department store Clerys was shut suddenly on Friday shortly after being bought by a team led by Irish investor Deirdre Foley’s D2 Private.
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NewsNet-a-Porter swings to £11m profit following record sales figures
Online fashion retailer Net-a-Porter has reported its first profit for five years, months after merging with Italian etailer Yoox.
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NewsMajestic Wine profits drop 22.5% as new boss reveals priorities
Majestic Wine’s pre-tax profit fell 22.5% to £18.4m, but new chief executive Rowan Gormley insists the retailer has “excellent future prospects”.
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NewsBonmarché ‘weatherproofs’ ranges as it learns from last year’s warm autumn
Bonmarché is making changes to its fashion collections designed to maintain sales momentum during unseasonable weather.
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NewsStrong start to year for Ted Baker as sales surge 18.9%
Fashion retailer and brand Ted Baker has reported a “strong” sales rise across the business as it expands internationally.
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NewsBonmarché profits jump 55.3% as brand refresh wins over shoppers
Womenswear retailer Bonmarché reported a 55.3% jump in pre-tax profits to £12.4m despite a “challenging” second half of the year.
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VideoThe Retail Week: Boots, Apple Pay, Sainsbury's and Iceland results
News editor James Wilmore and executive editor George MacDonald discuss the top stories from the past seven days.
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NewsHome Retail boss bullish as fulfilment and tech expected to boost sales
Home Retail boss John Walden has shrugged off Argos’s poor first-quarter as he aims to focus on fulfilment and pushing 4K TVs.
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AnalysisHome Retail's first-quarter results: what the analysts say
Like-for-likes rose at Homebase but slid at flagship Argos amid challenging conditions. Here’s what the City had to say.
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NewsSales suffer at Argos, but Homebase like-for-likes up for Home Retail Group
Home Retail Group has warned it expects a “challenging” first half at Argos after revealing a 2.6% drop in first-quarter sales.
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NewsZara owner Inditex first-quarter net profits jump 28%
Inditex – owner of fashion chains Zara, Pull & Bear, Massimo Dutti and Bershka – has revealed a 28% rise in net profits for its first quarter.
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AnalysisAnalysis: Is Iceland right to shift focus away from simply price?
Frozen food is often unfairly seen as a downmarket option but Iceland is on a mission to shift perceptions as it seeks to halt a sales and profit decline.
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AnalysisSainsbury's first-quarter sales fall: What the analysts say
Sainsbury’s like-for-like sales fell 2.1% in the 12 weeks ending June 6 amid food price deflation and the ongoing supermarket price war.
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NewsBoohoo reports strong start to year as sales increase 35%
Boohoo.com has reported a 35% increase in total sales to £41.3m as the fashion etailer’s UK and international efforts pay off.
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NewsIceland boss says year was 'exceptionally challenging' as profits plunge
Iceland boss Malcolm Walker said it has been an “exceptionally challenging year” for the retailer following plunging like-for-likes and profits.
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NewsClarks full-year profits rise, but sales hit by discounting
Clarks has revealed a 1.4% rise in full-year pre-tax profits, but sales were hampered by “stiff trading conditions” in the UK and Ireland.
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NewsShoe Zone profits and revenue slip due to store closures and warm weather
Footwear specialist Shoe Zone’s half-year profits slipped 26% after a decrease in sales from store closures and unseasonable trading conditions.
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NewsSainsbury's first-quarter sales fall amid deflation and price competition
Sainsbury’s like-for-like sales fell 2.1% in its first quarter as bosses blamed food price deflation and the “highly competitive” marketplace.
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OpinionNick Bubb's verdict: Who you can trust for sales figures
Fingers are always pointed at the Office of National Statistics but the Confederation of British Industry seems to live on a different planet.