All City & finance articles – Page 549
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Opinion
Electricals war is yet to be won
There’s little sign of a surge for electricals retailers this year.
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News
Overseas growth expansion to drive N Brown growth
Home shopping group N Brown has pushed the button on international expansion and hopes to generate 10 per cent of sales from overseas.
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Opinion
John Richards: Think it's bad? You've seen nothing yet
Plan for lower sales in 2009 and 2010 and you won’t suffer too many unpleasant shocks. The severity of the financial crunch and the excesses that led to it mean that the adjustment process must not only be painful but protracted.
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News
Retail stocks rally, but analysts warn it's too soon for optimism
Sighs of relief that retailers’ Christmas performance was no worse than feared have helped store stocks rally in the new year, but some analysts fear optimism may be premature.
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News
Sainsbury’s could suffer as price wars hit margins, analyst warns
Aggressive grocery promotions threaten food retailers’ margins, broker Blue Oar warned after conducting a price survey.
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News
Alchemy's Jon Moulton warns of defaults
One third of companies controlled by UK mid-market private equity groups may default on their debts, a leading private equity chief has warned.
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News
540 jobs under threat as Burberry cuts costs
Burberry is to cut up to 540 jobs, the fashion retailer said as it revealed like-for-like store sales were down 3 per cent in the last three months of 2008.
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News
JJB Sports loan deferment costs £8.3m
Struggling sportswear chain JJB Sports has confirmed that its agreement with its banks to defer loan payments has cost 8.3m.
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News
Matalan outperforms at Christmas
Discount retailer Matalan has bucked the gloom to post a 5.9 per cent like-for-like increase in sales over Christmas.
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News
Selfridges' profits to climb after Christmas sales rise
Department store business Selfridges notched up like-for-like growth of 5 per cent in December.
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News
Asos sales soar
Fashion e-tailer Asos has enjoyed another bumper Christmas with sales in the nine weeks to January 16 up 118 per cent year on year.
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Opinion
Economies are always cyclical
Retailers are finally learning that a long-term view is still important in times of recession.
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AnalysisPre-pack administrations: The last resort?
A sign of the times, pre-pack administrations have become a popular solution for failing businesses. But are they ‘legalised robbery’, as some in the industry claim? Amy Shields reports.
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News
Discounters enjoy spoils of the downturn
Discount retailers are benefitting from the global downturn as shoppers around the world continue to trade down, according to a report.
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Opinion
Don’t discount Tesco’s success
Tesco has posted its worst Christmas performance since the recession of the early 1990s – evidence that as the downturn bites the UK’s top grocer is losing its touch and has been knocked by rivals.
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News
Game exceeds expectations as it exploits collapse of rivals
Game expects to exceed profit expectations after strong Christmas trading.
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News
Robust fashion fascias propel JD Sports sales
JD Sports Fashion has further strengthened its position in the resilient young-fashion market, generating sales across its fashion stores up 12.5 per cent for the five weeks to January 5.
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News
Retail stocks languish as dismal Christmas fails to lift confidence
Hard-pressed retailers outperformed the All Share index as the first week of trading updates brought few nasty surprises.
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News
Land of Leather gets strong sale interest
Land of Leather has this week received 14 expressions of interest for its business and stores after the furniture retailer collapsed into administration on Monday.
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News
Grocers fear shoppers’ job worries
Grocers Sainsbury’s and Tesco have warned that the fear of job losses will be one of the biggest challenges facing UK retailers this year.