All City & finance articles – Page 402
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OpinionComment: Retail's New Year hangover
Before Christmas the UK retail sector was in relatively high spirits. After a mixed year forecasts of 3.5% growth promised a record-breaking December in which sales could top £40bn. However, in the cold light of New Year many are facing a reality check.
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NewsBurberry Christmas sales up 14% driven by online
Burberry revealed sales in its third quarter surged 14% driven by online but warned current exchange rates would be a headwind in its second half.
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NewsBreakfast briefing: Retail news on Sainsbury's, Asda and Scottish retail sales
Retail news round-up on January 15, 2014: Sainsbury’s sales beat Asda for the first time in a decade, Scottish retail sales down.
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OpinionNick Bubb’s verdict: Asos - UK good, overseas bad?
The City is a hard taskmaster and it found reasons to be disappointed in Asos’s overseas sales growth today, but there’s no stopping the UK.
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NewsConvenience store giant McColl's posts strong Christmas sales
Convenience store and newsagents group McColl’s has reported a rise in festive sales as it eyes a float.
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NewsMoss Bros to beat profit forecast after stellar Christmas
Menswear retailer Moss Bros expects to beat full-year profit forecasts after posting a surge in Christmas sales.
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NewsAsos sales surge as Christmas shoppers flock online
Fashion etailer Asos has reported a jump in festive takings as shoppers went online and spurred a retail sales rise of 38% to £335.7m.
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OpinionComment: Why has Mike Ashley's Sports Direct bought a stake in Debenhams?
Sports Direct’s raid on Debenhams to pick up a stake of almost 5% makes tycoon Mike Ashley’s business the fifth-biggest shareholder in the department store business.
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AnalysisSports Direct's stake acquisition in Debenhams: What the analysts say
Sports Direct revealed this morning that it has taken a surprise 4.63% stake in troubled department store group Debenhams. Retail Week takes a look at the City reaction.
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NewsMike Ashley's Sports Direct acquires 4.63% stake in Debenhams
Mike Ashley’s Sports Direct has acquired a 4.63% in troubled department store group Debenhams.
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NewsJD posts increase in like-for-like sales over Christmas
JD Sports Fashion has reported a step up in like-for-like sales growth over Christmas, aided by a strong performance in its core sports arm.
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NewsCold Christmas for retail as sales growth stalls
Retailers’ hopes for a winning Christmas have been dashed after food suffered its worst performance for five years and non-food was saved by online.
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OpinionComment: For Next, imitation may offer more than just flattery
Next, the UK’s second largest clothing retailer, has raised its profit forecast following strong Christmas sales.
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OpinionBlog: Marks & Spencer's tale of two Christmases
Marks & Spencer told a tale of two Christmases when it posted seasonal figures today.
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AnalysisMarks & Spencer third quarter update: What the analysts say
Marks & Spencer today revealed struggling general merchandise sales pulled down its third quarter performance which it blamed on a warm October and pre-Christmas disocunting. Retail Week takes a look at what the analysts say.
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NewsM&S forced into Sale early by 'unprecedented' level of promotions, says Bolland
Marks & Spencer boss Marc Bolland said the retailer tried to hold its nerve over Christmas promotions but was forced into Sale early by “unprecedented” promotional activity.
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AnalysisMorrisons' Christmas trading: What the analysts say
Morrisons today brought forward its planned Christmas trading update to inform the City of its 5.6% fall in like-for-like sales over Christmas. Retail Week rounds up the reaction.
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NewsTed Baker Christmas sales jump 18%
Ted Baker sales increased 18.3% over the Christmas period in the eight weeks from November 10 to January 4.
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NewsMarks & Spencer blames warm weather and discounting for lacklustre quarter
Marks & Spencer has blamed warm weather in October and Christmas discounting for its lacklustre third-quarter performance, which was dragged down by general merchandise sales.
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NewsTesco reports UK Christmas like-for-likes down 2.4%
Tesco has reported like-for-like sales in the UK fell by 2.4% over Christmas, maintaining that weakness in the grocery market impacted its performance.