Latest finance news – Page 226
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NewsBoots' fourth quarter sales fall as beauty stutters
Boots has recorded declines across its beauty and pharmacy sales, which Walgreens Boots Alliance attributed to “lower prescription volume and a decline in UK pharmacy funding”.
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NewsDecathlon drops into the red despite sales rise
Decathlon has fallen to a loss in its full-year as competition from supermarkets hampered its like-for-like sales.
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NewsCoast collapses into administration, 300 jobs at risk
Coast has tumbled into administration following “difficult trading conditions”, putting 300 jobs at risk.
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NewsN Brown sustained by financial services as product flops
N Brown was carried by its financial services performance in its half years with product revenues falling.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsTK Maxx profits drop as it ramps up store estate
TK Maxx has recorded a decline in its full-year profits as it ploughed investment into its IT proposition and bolstered its bricks-and-mortar network.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
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NewsMaplin creditors braced for huge losses
Maplin’s creditors will receive just a fraction of the cash they are owed following the electricals specialist’s collapse into administration.
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NewsTapi losses widen amid rapid store expansion
Tapi has suffered widening full-year losses as it pressed ahead with its aggressive store expansion plan.
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NewsFrench Connection sale on cards as Marks eyes exit
French Connection founder Stephen Marks is seeking to sell his 42% stake in the fashion retailer.
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NewsTesco boss Lewis urges tax on products sold online
Tesco chief executive Dave Lewis has urged a tax on products sold online to prevent bricks-and-mortar retailers being destroyed by etail competitors.
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NewsQuiz warns on profits as sales growth disappoints
Quiz, the multichannel fashion retailer that floated last year, has issued a profits warning.
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NewsAgenda: WHSmith, N Brown and retail sales
Retail Week looks ahead to the next seven days, with updates from WHSmith, N Brown and the latest BRC-KPMG retail sales data all on the agenda.
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NewsIntu deputy chairman plots takeover after share price plummets
Intu’s deputy chairman John Whittaker is plotting a takeover of the group following a fall of more than 40% in its share price this year.
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NewsWalgreens to launch in-store pilot with Birchbox
US pharmacy giant Walgreens has acquired a minority stake in beauty subscription business Birchbox and will trial selling the beauty etailer’s range in-store.
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NewsDFS profits plunge despite Sofology sales growth
DFS has reported a full-year profits slump, which outgoing boss Ian Filby attributed to “an exceptional downturn in market demand” in the fourth quarter.
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NewsTed Baker profits up despite 'challenging' market
Ted Baker has reported an increase in its interim profits and sales despite what boss Ray Kelvin said were “challenging external trading conditions”.
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NewsRetailers not ready for Brexit, 80% of chairmen say
Brexit has spurred the highest level of pessimism in retail chairman since 2012 as over 80% say their businesses are not ready for Brexit.
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NewsTesco boss Dave Lewis 'very happy' with Jack's trading
Tesco boss Dave Lewis has hailed early trading at its two Jack’s discount stores – and hit back at suggestions the format could confuse shoppers.
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NewsTopps Tiles to beat profit expectations
Topps Tiles achieved an increase in like-for-like sales of 1.2% in its fourth quarter and will beat full-year earnings expectations.