Latest finance news – Page 142
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NewsArcadia to close 31 stores as buyers circle
Arcadia has confirmed it will close 31 of its stores by the end of the month as the race to buy its brands out of administration tightens.
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NewsHotel Chocolat sales climb as digital initiatives accelerated
Hotel Chocolat has reported strong sales growth over Christmas after speeding up the pace of digital change in the face of the Covid-19 pandemic.
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NewsAO posts record sales rise in Christmas quarter
Electricals etailer AO World has reported a record surge in sales over the Christmas peak period.
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NewsMoonpig presses button on IPO
Online greetings card specialist and technology platform Moonpig has confirmed its intention to float.
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NewsSuperdry turnaround hit by Covid disruption
Fashion retailer Superdry has posted a fall in sales and profits after the coronavirus pandemic took a toll, and cautioned about prospects as a ‘going concern’.
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NewsSeasalt Christmas sales rise buoyed by online demand
Seasalt has recorded an uplift in revenues over Christmas, as online orders “more than compensated” for lost store sales.
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NewsMatalan sales slip as store closures disrupt Christmas trading
Matalan has recorded a slide in sales over Christmas after online growth failed to mitigate the impact of enforced store closures.
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NewsLatest fundraising round values Deliveroo at more than £5bn
Deliveroo’s valuation has shot up to more than $7bn (£5.11bn) ahead of a long-awaited float, following another successful fundraising round over the weekend.
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NewsDr Martens confirms intention to float
Footwear specialist Dr Martens has become the latest retail brand to confirm its intention to float, with a reported valuation in excess of £3bn.
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NewsNext emerges as frontrunner in race to buy Topshop
Fashion giant Next has emerged as the leader in the race to salvage Topshop from the administration of the Arcadia brands.
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NewsUpdated: Jaeger axes over 200 jobs as M&S completes acquisition
Marks & Spencer has completed its deal to acquire the brand and stock from Jaeger, resulting in the fashion retailer axing its roles and shutting down its store estate.
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NewsUK economy shrinks in November, ending six consecutive months of growth
The UK economy shrank in November as coronavirus restrictions on consumers and businesses reduced economic activity.
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NewsN Brown suffers festive sales slide and warns of stock delays
N Brown has suffered a drop in revenues during its Christmas quarter despite hailing “continued improvement” in sales.
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NewsSell online? Not likely, insists Primark finance chief
As sales were decimated and shoppers flocked online during lockdown, many might think Primark would reconsider whether to trade online – far from it.
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NewsHalfords and Dunelm report strong Christmas sales uplifts
Halfords has delivered a rise in festive sales buoyed by the retailer’s “best ever Christmas week”, while Dunelm has posted an increase in Christmas sales driven by a surge in online demand.
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NewsCard Factory losses mount as coronavirus batters store sales
Card Factory suffered further losses over the festive period, with stores forced to close under new coronavirus restrictions.
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NewsTesco Christmas sales climb boosted by online
Tesco has recorded a strong uplift in sales over the festive period as boss Ken Murphy says the grocer “delivered a record Christmas across all of our formats and channels”.
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NewsStore closures hammer Primark sales as Boohoo exceeds expectations
Primark has recorded a sharp downturn in sales over Christmas with its stores forced to close, while digital pureplay Boohoo’s sales soared.
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NewsDebenhams axes Oxford Street flagship and 320 jobs with latest closures
Debenhams is permanently closing its Oxford Street flagship and five other stores, with the loss of 320 jobs.
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NewsAsos Christmas sales beat expectations after ‘exceptional’ UK growth
Online fashion giant Asos expects profits to come in at the top end of expectations after a strong Christmas sales performance, particularly in the UK market.