All articles by Jennifer Creevy – Page 60
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NewsRetail sales up in March
The value of retail sales rose by 4.4% in March and 2.2% in volume, according to the Office for National Statistics.
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NewsAlexon reports full year loss but focused on turnaround
Alexon Group has reported a pre-tax loss before exceptional items of £900,000 in its full year results but said it has laid the foundations for to accelerate its turnaround plan.
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NewsTesco launches first social networking site
Tesco has launched a social networking site aimed at people taking part in or supporting Cancer Research UK’s Race for Life.
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NewsFlying Brands’ garden division suffers from bad weather
Flying Brands’ garden division has been behind expectations due to bad weather with sales of bedding plants during spring.
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NewsTesco tops £3.4bn profits
Tesco has recorded a 10.1% increase in underlying pre-tax profit to £3.4bn in its full year results, in line with City estimates.
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NewsLloydspharmacy MD Richard Smith to leave
Lloydspharmacy managing director Richard Smith is to leave the retailer.
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NewsAbercrombie & Fitch pays CEO £2.5m to curb his use of corporate jet
Abercrombie & Fitch is paying its chief executive $4m (£2.5m) to compensate him for curbing his use of the company’s corporate jet.
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NewsThe Hut Group raises £14m
Online retailer The Hut Group has raised £14m from investors including former chief executive of Matalan Angus Monro as it gears up for further acquisitions.
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NewsMore high street retailers caught selling ‘sexy’ kids’ products
Further high street stores have been caught selling sexy clothes for children, according to an investigation by The Sun.
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NewsPolitical parties address Asda shoppers
Video messages from the three major political parties addressing Asda’s shoppers have been posted on the grocer’s website today.
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NewsWhole Foods Market revives UK expansion
US organic grocer Whole Foods Market has revived its plans for expansion in the UK as its US business starts to recover from the economic slump.
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AnalysisCo-operatives
Co-operative Group has just posted record profits and is now the fifth biggest grocer. What is the appeal of its business model and how is it different?
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NewsSupermarket profile key for thriving Co-op
The Co-operative Group is to focus on building its profile in the small supermarkets sector, after it revealed underlying group operating profit surged 20% to £473m in the year to January 2.
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NewsOcado to up geographical reach and range as it considers IPO
Home shopping group Ocado is to focus on increasing its range, geographical reach and services for customers this year as it mulls a post-election IPO.
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NewsSignet results "exceed expectations"
Jewellery chain Signet has reported its full year results have “exceeded expectations” buoyed by sales in the UK in the fourth quarter.
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NewsPrivate equity firm buys Cath Kidston
US private equity group TA Associates has agreed to buy Cath Kidston in a deal worth about £100m.
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NewsNext profits soar 18%
Fashion retailer Next has reported an 18% increase in group pre-tax profit to £505m in the full year to January 30 in what chairman John Barton said was “an extraordinary year”.
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NewsRetail sales grow for second consecutive month
Retail sales have grown for the second consecutive month, and growth is expected to continue at a similar pace through Easter, according to the CBI Distributive Trades Survey.
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NewsCarpetright issues profit warning
Carpetright has issued a profit warning, citing the “pace of recovery seen towards the end of 2009 has not been sustained”.
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NewsSuperGroup IPO retail offer ‘oversubscribed’
Fashion retailer SuperGroup has announced the closure of the retail offer for its IPO, which it said has been oversubscribed.