All City & finance articles – Page 571
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News
Retail acquisitions likely in Central Europe as credit crunch bites
The impact of the credit crunch and inflation is threatening to pitch emerging retailers in Central and Eastern Europe into difficulties, providing acquisition opportunities for Western groups.
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News
Credit crunch will drive Christmas shoppers online
Up to 68 per cent of shoppers are planning to shop online for Christmas presents this year.
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News
Gap sales fall in August
Sales at US fashion giant Gap fell 5 per cent to US$1.14 billion ( 639.9 million) in the four weeks to August 30.
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News
John Lewis sales up
Sales at John Lewis were up 1.6 per cent in the week to August 30, driven by back-to-school sales and a strong performance in electricals and technology.
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News
HMV Group sales robust
HMV Group has reported strong interim sales, but suffered at its Waterstone’s fascia in the wake of a weaker book market.
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News
Housing policy brings industry little comfort
The Government’s 1 billion raft of initiatives to kick-start the housing market is unlikely to improve retail trading, store chiefs and analysts have said.
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Opinion
Retail can and will get through this
In 10 years of following retail and the City, I can safely say the sector has not been so out of favour with the Square Mile as over the past year or so. Sure, there have been spills – the boom and bust of the dotcom era, economic fears after ...
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News
Woolworths: new boss starts
Steve Johnson formally took over as Woolworths chief executive on Monday and has pledged to act fast to improve the variety store group.
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News
City concern for retail spirals as sterling suffers further knocks
Despite a sector rally, analysts remained resolutely downbeat about retail’s prospects as recession loomed and the pound plunged to a record low against the euro.
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News
Go Outdoors goes all out for superstores
Outdoor specialist retailer Go Outdoors is to open its first two superstores since securing an 18 million investment from Bank of Scotland Corporate in April.
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Opinion
Act tough now and win later
As famed former Marks & Spencer boss Sir Richard Greenbury points out on page 23, retailers have had a good run. Such a good one, in fact, that many of today’s senior retailers won’t have worked through a recession. Not many of us here at Retail Week have either.
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News
Christmas in the balance
Sector braced for toughest season since the 1980s, with December like-for-like drop expected.
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Analysis
Is this really the worst of times?
As Alistair Darling’s sobering comments on the downturn hit home, George MacDonald asks industry experts what truth lies behind the figures and what the impact will be for retail.
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News
Interest rate held at 5%
The Bank of England has held the interest rate at 5 per cent for the fifth month running despite increasing fears of an imminent recession.
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NewsFat Face cuts debt
Fat Face, the private equity-owned leisurewear specialist, has taken advantage of weak debt markets to slash its borrowings.
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News
Food inflation growth slows
Food inflation growth has slowed for the first time since March, according to the BRC-Nielsen Shop Price Index for August.
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News
Price rises to hit non-food
Price hikes of more than 6 per cent on non-food items such as T-shirts, shoes and sofas are possible next year, because of the sterling’s collapse against the euro and the dollar.
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News
Ireland’s Pavilions development unveils blueprint for extension
Irish developer Chartered Land has submitted an application for an extension to its Pavilions shopping centre at Swords, north of Dublin, which would significantly increase the scheme’s retail offer.
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News
Out-of-town retail parks to ‘lead retail renaissance’
Out-of-town retail is set to bounce back from the economic gloom and will be more successful than town centres in instigating a retail resurgence, a Verdict survey has claimed.
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News
Adili seeks extra funding
Ethical fashion e-tailer Adili is seeking additional funding by issuing share capital to its largest investor Hawk Investments.