All City & finance articles – Page 550
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News
Blooming Marvellous on brink as Kcaj falters
The future of Icelandic fund Kcaj hung in the balance as Retail Week went to press and one of its investments, maternity chain Blooming Marvellous, was making a last-ditch attempt to find a buyer.
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NewsFat Face sales up on declining EBITDA
Earnings at fashion and lifestyle retailer Fat Face fell more than 4 per cent in the 26 weeks to November 29 despite sales growth of 1.8 per cent for the period.
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News
Clinton Cards reveals dismal Christmas trading
Greetings cards group Clinton Cards has revealed it had a poor Christmas with like-for-like sales dropping 4.1 per cent in the five weeks to January 4.
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News
N Brown reports sales up but bad debt takes margin toll
Home shopping group N Brown notched up like-for-like growth of 8.8 per cent over Christmas, but bad debt dragged down gross margin.
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NewsPrimark first-quarter sales up 18%
Primark has revealed that total sales grew in its first quarter, as it continued to open new space across Europe.
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News
QS like-for-likes climb
Value fashion retailer QS has revealed that like-for-like sales climbed 5.4 per cent in the quarter to the end of 2008.
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News
JJB Sports heads for £10m loss
JJB Sports has warned it will make a loss this year of between 5m and 10m after tough trading conditions hit sales and gross margin.
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News
DSGi restructures executive team
Electricals retailer DSGi has dramatically overhauled its executive team ahead of revealing what is expected to be its poorest Christmas trading performance since the last recession.
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News
European grocery prices to fall this year
Grocery prices are likely to fall this year as food retailers react to the rise of discounters and lower oil and raw material prices.
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News
Ideal Shopping beats Christmas expectations
Ideal Shopping Direct enjoyed a better than expected Christmas with like-for-like sales ahead of management expectations.
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Opinion
Accounts an ongoing concern for retailers
For listed companies, the combination of scrutiny and disclosure obligations potentially makes life very difficult
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News
Jobs axed at Waterford Wedgwood as rescue talks continue
Almost 400 redundancies have been made at Waterford Wedgwood, the famous crystal and pottery specialist that fell into administration last week.
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Opinion
M&S was right to spend on stores
There was a time, not very long ago, when Marks & Spencer store interiors were frequently described as “Stalinist”. The inference was that while the stock might have been OK, the store design department had been virtually non-existent and the shops had been preserved in aspic from some point in ...
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News
Mosaic issues profit warning
Fashion group Mosaic has revealed total sales fell 1.2 per cent over the 23 weeks to January 3 and said that it expects full-year profits to be below last year.
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Opinion
A poor Yuletide but no wipeout
A week into the new year but - at least by the time Retail Week went to press - few formal profit warnings so far.
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News
Dunelm still confident despite turmoil in homewares sector
Homewares retailer Dunelm posted a 5.6 per cent drop in like-for-like sales for the 26 weeks to December 27 but insisted it is in “very robust shape” to weather the downturn.
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News
Debenhams upbeat as it defies market woes
Department store group Debenhams will continue to reduce SKUs and maintain tight stock control after defying forecasts to report better than expected Christmas trading.
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News
City's frosty outlook thaws as retailers keep the blues at bay
Retail stocks headed so far south last year they neared the stock market's equivalent of the Antarctic. As the January reporting season kicked in it brought news of like-for-like sales declines but in many cases met admittedly low expectations and there were hopes of a thaw in attitudes to the ...
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News
Signet suffers poor Christmas
US jeweller Signet has said it expects profits to be within market forecasts despite revealing that like-for-like sales slumped over the Christmas period.