All articles by George MacDonald – Page 101
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NewsNew Look full-year losses total almost £75m
New Look suffered an underlying operating loss of £74.3m last year, when sales slid 7.3% to £1.35bn.
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NewsPoundworld founder hopes to pull off rescue deal
Poundworld entrepreneur Chris Edwards is considering buying back part of the value retailer’s business following its collapse into administration yesterday.
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NewsTed Baker posts sales rise despite poor weather
Ted Baker has reported a 4.2% increase in group sales despite tough trading conditions and unseasonal weather.
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NewsBoohoo sales surge as multibrand strategy pays off
Boohoo has reported rocketing revenues in its first quarter and expects continued growth throughout the year.
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NewsPoundworld collapse puts more than 5,000 jobs at risk
Poundworld has plunged into administration putting around 5,100 jobs at risk.
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NewsTesco’s Lewis voices business rates concerns
Tesco chief executive Dave Lewis has blamed the burden of business rates for the collapse of some retailers.
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VideoThe Retail Week: Will a CVA save House of Fraser?
House of Fraser aims to axe more than half of its stores through a CVA. We discuss the proposals and whether they are enough to revive the department store’s fortunes.
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NewsB&Q consults 700 staff on sales overhaul
B&Q is to overhaul how it sells kitchens and bathrooms and has begun consultations with 700 workers who will be affected by the changes.
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NewsHouse of Fraser plans 31 store closures as CVA unveiled
House of Fraser has proposed the closure of 31 stores through a CVA, details of which have now been revealed.
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NewsJoules profits to beat expectations after sales surge
Joules expects full-year profits to come in just ahead of City expectations after sales rose strongly last year.
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NewsAmazon seeks 2,500 more UK staff
Amazon is to increase UK staff numbers by 10% this year as it creates 2,500 permanent jobs.
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AnalysisFive trends changing how people eat, shop and spend
In an uncertain retail climate, change is the only constant, driven by shifting consumer behaviour.
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OpinionOpinion: Retail lessons from Apple’s $1trn valuation
Tech giant Apple stands on the cusp of being the highest valued American company ever, close to a capitalisation of $1trn.
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NewsAO overhauls top team ahead of brand and services push
Electricals etailer AO World has reshaped its top management as it seeks to make the most of existing business strengths and chase new opportunities.
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NewsMatalan posts profit rise after full-price sales focus
Matalan has recorded a rise in full-year profits after achieving an 11.7% uplift in full-price sales.
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OpinionOpinion: Tesco should reverse its decision to quit BRC
As the retail industry is convulsed by radical change, it’s vital that it makes its voice heard in the corridors of power while it readjusts.
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NewsLandlords prepare to take tougher stance on retail CVAs
Property owners are poised to take a more hard-nosed approach to retail CVAs.
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NewsDixons Carphone warns on profits in tough market conditions
Dixons Carphone has warned that profits in its new financial year are expected to fall and detailed plans to shutter more than 90 stores.
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AnalysisAnalysis: Can Hilco rebuild stricken Homebase?
News that Wesfarmers has disposed of Homebase to Hilco for a nominal £1, just two years after it bounded into the UK market, came as no surprise.
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NewsDunelm warns on profits as like-for-likes slide
Dunelm has issued a profit warning after experiencing “trading conditions materially more challenging than expected”.