Latest finance news – Page 216
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NewsSofa.com seeks quick sale as losses mount
Online furniture retailer Sofa.com has drafted in KPMG to find a potential buyer within weeks.
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NewsDebenhams and New Look credit ratings downgraded
Moody’s has downgraded Debenhams’ credit rating following last week’s boardroom coup and poor Christmas trading update.
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NewsLovehoney sales and profits grow in ‘record year’
Lovehoney’s profits and global sales both grew in the 2017/18 financial year in the retailer’s “biggest year to date”.
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News'Several' offers made for HMV, KPMG says
Administrators KPMG today said several offers have been put forward for the 97-year-old high street stalwart.
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NewsN Brown sales fall as power brands fail to drive growth
N Brown sales were down over the festive period with its power brands failing to boost the group’s dismal performance.
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NewsGame sales fall over Christmas as it rolls out arenas
Game’s UK sales fell over the Christmas period with its Spanish business outperforming its British arm.
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NewsPrimark sales up but like-for-likes dip
Primark sales rose 4% over the festive period but like-for-likes fell slightly.
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NewsSears chairman ‘buys chain for $5.2bn' in bankruptcy auction
Sears chairman Eddie Lampert has rescued the business after triumphing in a bankruptcy auction with a takeover bid of around $5.2bn (£4bn).
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NewsThe Works losses widen but festive sales spike
The Works losses widened in its first half but toasted a “record” Christmas as festive sales jumped.
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NewsShop Direct to focus on fashion to drive sales, says Birch
Shop Direct boss Henry Birch says the retailer’s record Christmas performance was delivered by honing the etailer’s fashion offer and sidestepping an “electricals price war”.
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NewsBoohoo raises sales guidance after strong Christmas quarter
Boohoo has reported strong revenue growth over Christmas and has raised sales guidance for the year.
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NewsBooths posts ‘strong’ Christmas sales increase
Booths has hailed a “strong” finish to 2018 after reporting increases in both sales and profits during the festive period.
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NewsWilko chief operating officer and digital director exit
Wilko’s chief operating officer Sean Toal and the boss of its digital division Sean Emmett have both stepped down amid a board reshuffle, Retail Week can reveal.
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NewsSeasalt sales soar over festive period
Seasalt has reported a “record year” after a sales increase of 35% in the five weeks to January 5.
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NewsMatalan posts Christmas and quarterly sales rise
Matalan has recorded a rise in total revenue over its peak Christmas trading period, despite a slight dip in its full-price sales performance.
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NewsShop Direct toasts ‘record’ Christmas sales
Shop Direct has hailed a “record” Christmas performance as its largest retail brand, Very, powered the group’s performance.
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NewsNew Look strikes deal to slash £1.3bn debt pile
New Look has struck a debt-for-equity deal with a group of key stakeholders in a bid to shore up its balance sheet.