All City & finance articles – Page 559
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News
Envy administration on cards, Kinnaird warns
Envy boss John Kinnaird has said he may be forced to put the fashion chain into pre-pack administration if landlords are not willing to help the struggling retailer by renegotiating rents.
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News
Loan repayment deal props up troubled JJB
JJB Sports has been handed a lifeline as banks have allowed its repayment of a 20 million bridging loan from Kaupthing to be deferred.
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News
Online’s Mega Monday sales spike still to come
The key Christmas sales day for online retailers, Mega Monday, is expected to happen a week later this year.
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News
Sales finally pick up as festive rush starts
The high street has reported a much-needed uplift in sales since the beginning of December as Christmas shoppers finally loosen their purse strings.
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Opinion
Discount today, pay tomorrow
It feels like January on the high street – and not just because it’s been much colder than the typical December.
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News
Somerfield sales revive as Co-op takeover nears
Somerfield has posted a strong full-year performance as it moves into the final stage of its 1.57 billion sale to Co-operative Group.
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News
Bailiffs on alert as landlords fear for rents
An army of bailiffs has been put on standby by the UK’s largest landlords as they expect a raft of retailers will fail to have funds in their bank on Christmas Eve to meet their quarterly rent deadline on December 25.
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News
Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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News
John Lewis sales gather momentum
Sales at John Lewis have continued to gain momentum as shoppers flock to buy gifts, beauty and clothing.
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News
Mulberry feels economic squeeze
Luxury fashion group Mulberry has revealed like-for-likes have plunged over the past 10 weeks in line with deteriorating economic conditions.
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News
Inditex posts sales and profit rise
Fast fashion giant Inditex, owner of the Zara chain, has posted a 5 per cent increase in EBITDA to €1.54 billion ( 1.34 billion) for the first nine months of the year.
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News
HMV warns of weakening book market
HMV has reported flat first-half like-for-like sales and warned of a “marked deterioration” in the book market over the past five weeks.
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News
Banks defer JJB Sports bridging loan repayment
Banks have given beleaguered sports retailer JJB Sports some breathing space by deferring its repayment of a 20 million bridging loan from Kaupthing, which had been due to be repaid next week.
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News
Primark flagship store breaks sales records
Primark's flagship store on London's Oxford Street notched the biggest single-day sales in its history last Saturday.
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News
Ideal Shopping Direct axes jobs as sales plunge
Multichannel retailer Ideal Shopping Direct is to slash jobs by 15 per cent and will make a loss this year.
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News
Sir Geoff Mulcahy plots Woolworths comeback
Former Kingfisher boss Sir Geoff Mulcahy is in talks to take over 500 Woolworths stores and revive the brand.
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News
John Lewis online sales set to break daily record
John Lewis expects today (December 8) to be its biggest to date for online sales after notching up a record week at Johnlewis.com.
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News
Carphone Warehouse co-founder resigns after shares controversy
Carphone Warehouse co-founder David Ross has resigned after it was found he was using his shares in the retailer as security for personal loans.
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News
90% of Christmas shoppers to go online
This year 90 per cent of shoppers will turn to the internet to research and buy their Christmas gifts.
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News
John Lewis lifted by early VAT cut
John Lewis has reported strong trading on last Friday and Saturday, when it reduced prices early to reflect this Monday's VAT reduction.