All City & finance articles – Page 53
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NewsProCook wary of Red Sea impact as Christmas trading breaks even
While ProCook said Christmas trading was in line with expectations, it remains wary of the macroeconomic environment and the impact of ongoing geopolitical supply chain issues.
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NewsGreggs sales soar driven by digital channels and extended trading hours
Greggs reported a surge in sales helped by the growing popularity of the brand and ”greater availability through digital channels and extended trading hours.”
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NewsSainsbury’s sales rise as grocery volumes grow
Sainsbury’s grocery volumes increase for the fourth consecutive Christmas reflecting “great value and service” and a “positive customer response” to the grocer’s first-ever Nectar Price Christmas.
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NewsShoe Zone profits rise following strong key period trading
Shoe Zone has posted a rise in full-year profits after ”strong and consistent results throughout the key trading periods.”
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NewsB&M sales rise on back of strong general merchandise volume
Value group B&M has reported an increase in sales over the third quarter.
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NewsPandora hails ‘strong end’ to 2023 as trading beats expectations
Jewellery retailer Pandora has posted a “strong end to 2023” as sales during the golden quarter exceeded expectations and growth for the full year landed above guidance.
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NewsExclusive: Bodycare sales rise as it eyes southern expansion
Bodycare has reported a rise in sales over the golden quarter driven by increasing margins and in-store sales as it looks to expand to the south of the UK.
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NewsExclusive: Ann Summers secures £8m funding
Ann Summers has secured £8m in fresh funding in a bid to boost its omnichannel offering and drive growth, Retail Week can reveal.
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AnalysisNext vs JD Sports: two very different golden quarter stories
As Next upped its profit guidance again, on the same day JD Sports issued a profit warning. Retail Week explores the differentiating factors between the two
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Opinion‘Retail updates so far offer reasons to be cheerful in the new year’
As the Christmas decorations start to come down, the retail trading statements have started to flood in.
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NewsBoots delivers biggest ever Black Friday sales
Boots has reported strong sales and an 11th consecutive quarter of market share growth after delivering its biggest-ever Black Friday to date.
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NewsTopps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.
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NewsJD Sports issues profit warning after ‘soft’ peak trading
JD Sports has lowered its full-year profit guidance after revenue growth was hit by “milder weather”, “cautious” consumer spending and a peak trading season “softer” than anticipated.
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NewsNext ups profit guidance again as sales soar
Next has upped its full-year profit guidance for the fifth time in eight months following “better than anticipated” full-price sales during November and December.
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NewsOutlet Shopping at the O2 posts ‘record-breaking’ year
Outlet Shopping and the Entertainment District at the O2 has posted a “record-breaking” year of trade in 2023 after welcoming 8.9 million visitors to the destination.
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NewsNike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.
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NewsAsda faces £30m rise in debt costs as bosses grilled by MPs
Asda could have to pay increased interest payments of £30m from February as owners Mohsin and Zuber Issa’s loans become due.
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NewsSuperdry warns on profits as tough trading conditions and weather take toll
Fashion retailer Superdry was warned that profits will be lower than expected after trading ”significantly below management expectations”.
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NewsH&M sales flat again after 'unusually hot weather'
H&M has posted “flat” sales in its fourth quarter as the previous warning of “unusually hot weather” took its toll on autumn ranges.
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NewsNaked Wines losses widen and sales fall
Naked Wines has reported a loss and a drop in sales as it starts moving towards “sustainable cash generation”.