All City & finance articles – Page 575
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News
Woolies update and CBI figuresdo nothing to dispel retail gloom
Plummeting sales at Woolworths and a gloomy CBI survey kept the downward pressure on store shares, but a better-than-feared update from Next and director share buying at Marks & Spencer provided some reassurance.
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Opinion
Tesco can bank on its canny deal
Tesco boss Sir Terry Leahy has been a banker as well as a shopkeeper for 11 years, so the retailer’s decision to take full control of its personal finance business was not a shock.
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News
Consumer confidence nosedives
Consumer confidence has plummeted to an all-time low as concerns over the economy and finances take hold.
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News
OFT invites comments on Co-op’s Somerfield buy-out
The Office of Fair Trading (OFT) has invited interested parties to lodge comments about the Co-operative Group’s 1.57 billion acquisition of Somerfield.
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News
Halfords: the city view
Car accessories and bikes retailer Halfords has bolstered its pole market position, revealing a total sales rise of 1.7 per cent, writes Nicola Harrison.
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News
Share bounce does little to ease pressure as City remains bullish
Retailers rallied after the misery of the past few weeks, but the mood among many sector analysts remained resolutely downbeat.
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News
All eyes are on Next as mid-market fears rise
The City will seize upon fashion retailer Next’s second-quarter update on Wednesday for signs of how bad high street conditions are.
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News
Blacks suffers like-for-like dip but revival plan starts to kick in
Blacks Leisure posted a 5.4 per cent like-for-like fall in group sales for the 19 weeks to July 12.
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Opinion
What goes up will come down
It was the week of the dead cat bounce, with some of the sector’s scrawniest-valued moggies being the biggest beneficiaries.
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News
Retail sales hit new low
Retail sales volumes dropped 3.9 per cent in June compared with May, according to figures from the Office for National Statistics (ONS), representing the sharpest decline since its records began in 1986.
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News
Instore independent directors warn shareholders
Instore’s independent directors are continuing to warn shareholders not to accept Seaham Investment’s 5p-a-share offer.
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News
Floors-2-Go enters administration
Flooring retailer Floors-2-Go has gone into administration, appointing Kroll as administrator. 41 stores will close, resulting in 97 redundancies.
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News
Diesel buys stake in Viktor & Rolf
Fashion retailer Diesel has acquired a majority stake in Dutch fashion brand Viktor & Rolf.
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Opinion
Co-op should focus on what it does best
The long-awaited Co-op-Somerfield deal was finally completed this week with little pomp and ceremony.
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News
Inflation shock and sales slump send FTSE 100 and retail down
A market rally on Monday was reversed as a slew of bad news broke.
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Opinion
Cracking generation Y is the Holy Grail
In his recent article, “Is electricals leaving consumers behind?” (Retail Week, July 4) Paul Smiddy observed that “the gap between manufacturers’ technology and consumers’ ability to grasp it appears to be widening”, with the qualification, “perhaps it’s an age thing”.
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Opinion
The Retail Week – July 18, 2008
Kingfisher chief executive Ian Cheshire has pulled off a real coup with the final additions to his top team charged with turning around the DIY giant.
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News
M&S slashes men's suit to £24
Marks & Spencer slashed the price of selected men’s suits yesterday to only 24 as it started its summer Sale.
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News
John Lewis Sale puts retailer back on course
John Lewis has ended its falling sales trend with a strong week for its clearance Sale, recording sales up 5.9 per cent for the week to July 12.
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News
B&M Bargains pushes button on rapid growth as crunch lifts sales
Sales at B&M Bargains soared this year as consumers sought out discount prices in the wake of the credit crunch.