All City & finance articles – Page 560
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News
WHSmith: The City view
Analysts remained convinced of the merits of bookseller and stationer WHSmith following an update on Wednesday.
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News
An October to forget spells out mountain to climb at Christmas
The downward pressure on retail share prices lightened a little following last week’s swingeing interest rate cut but, the scale of the industry’s difficulties were reflected in appalling British Retail Consortium sales figures.
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Opinion
Retailers need to pull together
It’s only one month and not the three required to meet the technical definition, but the October total sales decline announced by the British Retail Consortium this week confirms that retail is entering recession.
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News
Woolworths' EUK asks customers for upfront payment
EUK, variety store group Woolworths’ entertainment supply division, has been forced to ask customers for upfront payments as the credit crunch bites.
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News
Sofa Workshop future ‘uncertain’, says auditor
Sofa Workshop auditor BDO Stoy Hayward has expressed reservations about the furniture retailer’s future.
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News
Ted Baker retail sales rise but wholesale slumps
Ted Baker has revealed total sales in the 13 weeks to November 8 rose 1.8 per cent, but wholesale sales slumped 21 per cent.
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News
TK Maxx sales increase in third quarter
TK Maxx has notched up a 4 per cent increase in third-quarter like-for-like sales.
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News
Unity reduces stake in French Connection
Unity Investments has reduced its holding in French Connection to 17.65 per cent.
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News
Best Buy warns on profits after 'seismic change' in shopper behaviour
US electricals giant Best Buy, which plans to make a high-profile debut in the UK next year in partnership with Carphone Warehouse, has issued a profit warning.
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News
Sir Philip Green buys Baugur’s 28% in Moss Bros
Sir Philip Green has bought Baugur’s 28 per cent stake in struggling menswear chain Moss Bros.
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News
Entry deadline extended for the Oracle Retail Week Awards
The industry is currently making exceptional efforts to ensure margins are maintained whilst continuing to improve the customer experience.
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News
WHSmith cautious on Christmas outlook
Bookseller and stationer WHSmith posted a 4 per cent rise in total sales in the first 10 weeks of its financial year but warned Christmas trading would be competitive.
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News
Sainsbury's reports interim profits leap
Supermarket group Sainsbury’s generated a surge in first-half earnings on the back of “universal customer appeal”, chief executive Justin King has said.
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News
Shop Direct earnings rocket
EBITDA at Shop Direct Group soared 130 per cent to 60.9 million last year.
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NewsProfits soar for La Senza
Pre-tax profits at lingerie specialist La Senza soared to £10.3 million for the year to March 29, up 71.7 per cent from £6 million the year before.
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News
TK Maxx sales break the £1bn barrier
TK Maxx sales broke the 1 billion barrier in the year to January 26, the discount designer retailer has revealed.
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News
Hardy Amies UK stores to close following sale to Fung Capital
Updated: Hardie Amies’ six UK stores are to close by the end of the month following the brand’s acquisition by a new investor.
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News
More than 100 Otto UK jobs at risk
Otto UK is considering moving its buying and merchandising departments to Germany, which could affect more than 100 jobs at the multichannel retailer.
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News
Consumer confidence at record low
Consumer confidence has hit a record low, according to research by Nielsen and the British Retail Consortium.
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News
Tesco's sales in Asia robust
Tesco has revealed robust trading at its Asian stores, ahead of its investors and analysts’ visit to the operations.