All City & finance articles – Page 556
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News
Theo Paphitis confirms Woolworths talks
Theo Paphitis, owner of Ryman, said he wants to keep the Woolworths name alive and that a speedy resolution to talks on the rescue of the variety retailer is “absolutely crucial”.
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News
John Lewis sales fail to sparkle
Sales at retail bellwether John Lewis have continued to decline as confidence on the high street wanes.
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News
Barclays appoints Grant Thornton to JJB Sports
Barclays Bank has appointed Grant Thornton to advise it on JJB Sports’ future plans as the retailer revealed this morning that it has exchanged the contracts for four of its stores to Sports Direct.
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News
Land of Leather confirms interest in business
Land of Leather has confirmed that it has received a number of expressions of interest to buy its furniture retail business.
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News
Reiss sales rise as profits dip
Fashion retailer Reiss has revealed sales growth of 18 per cent to 67 million for the year to January 31.
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News
Strategic Retail losses deepen as consumer confidence dives
Strategic Retail, which owns homewares retailer Fads, has revealed pre-tax losses have worsened dramatically to 855,000 in the six months to August 30.
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Opinion
Time to work on supplier relationships
The plaudits – and the brickbats – in retail are normally taken by the chief executive, with the finance director hovering at their shoulder.
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NewsWoolworths circled by potential buyers
Potential buyers have come flooding in for both Woolworths’ stores and for the business as a whole.
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News
Gordon Brown promises help for Woolworths staff
Prime Minister Gordon Brown has vowed to provide support for Woolworths staff threatened with redundancy.
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News
Green will not bid for Moss Bros
Sir Philip Green’s Warbeck Holding Company has said it will not make an offer for Moss Bros.
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Analysis
Leasing IT systems: Up for rent?
Leasing IT systems can free up cash for retailers while still allowing them to invest and upgrade. But with banks increasingly wary of lending to the retail sector is it still an option, asks Liz Morrell.
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Opinion
VAT reduction just doesn’t cut it
Oh the irony. Even if Alistair Darling’s 2.5 percentage point cut in VAT had prompted consumers to open their purses this week, they would have been snapped firmly shut again only days later when two household retail names went into administration.
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Analysis
Pre-Christmas discounting: Can you cut it?
High street retailers are slashing prices in the Christmas run-up, but is it the answer to their problems, asks Charlotte Hardie
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Opinion
Who is up to the endurance test?
In just months the economic landscape has been transformed. In the past week the political landscape has too, as Chancellor Alistair Darling attempted emergency surgery on the economy. But how much has the retail landscape changed?
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News
Mothercare: The City view
Mothercare bucked the retail gloom with a strong set of interim figures.
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News
General retail stocks cling on as more turmoil rocks the sector
General retail stocks bounced back this week despite a tumultuous week for the sector.
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News
Clinton Cards pins hopes on Christmas after sales tumble
Greetings card group Clinton Cards is relying on the crucial Christmas season for some relief after suffering dire trading.
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News
Topps Tiles soldiers on despite profits plunge
Specialist retailer Topps Tiles remains confident of gaining market share as trading conditions worsen, despite revealing a 27 per cent decline in full-year pre-tax profits to 27.7 million.
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News
Woollen Mill to convert bought Rosebys stores
The Rosebys brand name is to be abandoned by Edinburgh Woollen Mill, which this month bought 77 of the outlets out of administration.