All City & finance articles – Page 474
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News
M&Co’s sales weather the big freeze
Value retailer M&Co generated like-for-like growth over the eight weeks to Christmas Eve of 2.7% despite being “significantly” impacted by snow.
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NewsBig freeze helps Mountain Warehouse climb higher
Outdoor retailer Mountain Warehouse benefited from December’s arctic conditions as its Christmas sales soared. Like-for-likes rocketed 15.6% in December as shoppers snapped up winterwear.
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NewsGeneral retailers look a better bet than grocers
General retailers provide a better investment opportunity than food retailers in 2011, Oriel analysts believe.
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NewsConsumers will still carry on shopping, M&S chief believes
Marks & Spencer chief executive Marc Bolland does not expect consumer demand to fall off a cliff this year, despite an expected squeeze on income and economic uncertainty.
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OpinionOcado beats the bears
If there is one retailer that could have convincingly used the snow as an excuse for lost sales over the Christmas period it is Ocado.
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NewsSainsbury’s to invest in own-brand after record Christmas
Grocer to build on its bumper Christmas after overtaking Asda as second biggest supermarket
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NewsAccessible stores give Blue Inc a festive boost
Fashion specialist Blue Inc, which is considering a flotation, generated a sales uplift over Christmas helped by the accessibility of its stores.
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NewsMorrisons and Co-op eye up Abel & Cole
Food groups Morrisons and the Co-op are expected to be at the forefront of acquisition interest in organic food home delivery specialist Abel & Cole, which is being put up for sale.
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NewsCo-op sales hit by bad weather
The Co-operative Group has reported like-for-like sales fell 3.2% in its food division for its fourth quarter, saying the weather took its toll on footfall and spending patterns.
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NewsTesco reports modest Christmas growth
Tesco has reported modest growth over Christmas with UK like-for-like sales for the six weeks to January 8 up 0.6%, saying it was “hindered” by the snow.
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NewsSuperGroup Christmas sales soar
SuperGroup, the owner of fashion chain Superdry, has revealed a bumper Christmas, with retail sales surging 93.6% to £51.7m.
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NewsRussian oligarch Mamut increases his stake in HMV
Russian oligarch Alexander Mamut has increased his stake in HMV again, to more than 6%.
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NewsDunelm's Christmas like-for-likes slide
Dunelm Group has reported a like-for-like sales fall of 4.2% in its second quarter over the Christmas period, resulting in a like-for-like dip of 1.2% for its first half.
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NewsKingfisher launches tender offer for £100m of notes
International DIY group Kingfisher is to cut debt and improve its return on cash by purchasing up to £100m of loan notes from holders.
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NewsHouse of Fraser enjoys record Christmas
House of Fraser has posted a record Christmas with like-for-like sales increasing 8.5% in the five weeks to January 8, despite last month’s snow.
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NewsDebenhams like-for-likes slow, market share up
Debenhams has revealed that like-for-like sales at the department store chain were impacted by the snow in December but added that it had notched up market share gains across the board.
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NewsA tough start to the year for retail shares
General retail stocks began the year in deep freeze as the reporting season got under way.
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OpinionTesco is still the food retail star
Predictably the new year not only started with the VAT rise but also with a pledge from Tesco to save customers money by slashing prices.
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NewsRyman sales and profits rise despite ‘tough year’
Stationery specialist Ryman generated sales and profits growth last year but cautioned 2011 will be challenging.
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NewsFurniture Sales benefit from VAT rise
Furniture retailers have experienced a good start to their Boxing Day Sales despite the snow putting off customers initially.