Latest finance news – Page 264
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NewsToday in retail: Primark bucks value fashion slowdown
Primark’s full-year trading update shows a fashion retailer in fine fettle, in stark contrast with many of its rivals.
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NewsThe Entertainer sales rise boosted by store expansion
The Entertainer posted a healthy rise in sales at the half-year mark, bolstered by growth in its own-label offer and aggressive bricks-and-mortar expansion.
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NewsIndian entrepreneur targets Coast, Oasis and Warehouse
An Indian entrepreneur, who is wanted by Interpol, is targeting a takeover of Coast, Oasis and Warehouse.
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NewsPrimark full-year sales soar as margin improves
Primark has hailed a jump in full-year sales and margins after the latter was driven up by lower markdowns.
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NewsNatura completes The Body Shop acquisition from L’Oréal
Brazilian cosmetics manufacturer Natura Cosméticos has completed its acquisition of The Body Shop from L’Oréal after being given the green light by competition watchdogs.
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NewsAgenda: Dunelm, JLP, Morrisons, Next and Primark update
Retail Week looks ahead to the next seven days, with updates from Dunelm, John Lewis Partnership, Morrisons, Next and Primark on the agenda.
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NewsToys R Us hires lawyers to explore US restructuring
Toys R Us in the US has hired lawyers to explore restructuring options ranging from bankruptcy to raising financing and restructuring debt.
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NewsKoovs full-year sales rocket but losses remain
Koovs has revealed soaring full-year sales and steady losses as it aims for profitability in 2020.
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NewsSports Direct chair Hellawell secures investor backing
Sports Direct’s chairman Keith Hellawell has been re-elected as chairman by the retailer’s independent shareholders at today’s AGM.
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NewsSports Direct reiterates profit ambitions ahead of AGM
Sports Direct said sales at its new stores “exceed our expectations” amid growing calls for chairman Keith Hellawell to step down at today’s AGM.
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NewsUpdated: Hut Group acquires skincare brand Espa
The Hut Group has acquired luxury skincare brand Espa in a deal thought to be worth over £100m.
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NewsGear4Music sales crescendo amid investment drive
Gear4Music said its first-half sales have risen ahead of expectations, but investment has increased operational costs and “restricted margins”.
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NewsHalfords first-quarter sales driven by staycations
Halfords has unveiled an increase in first-quarter sales, which outgoing boss Jill McDonald attributed to the heightened popularity of holidaying in the UK.
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NewsH&M UK profits and sales flat despite expansion
H&M’s UK profits and sales were flat last year despite expanding its store estate by nearly 10%.
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NewsUpdate: Fraud trial of ex-Tesco executives adjourned
The trial of three former Tesco executives in relation to the supermarket giant’s 2014 accounting scandal has been adjourned until September 25.
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NewsM&Co plots expansion push as profits and sales climb
M&Co is plotting a fresh store expansion drive in the UK after registering an increase in full-year earnings and sales.
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NewsBoden profits jump as it readies King’s Road store
Boden has revealed a jump in profits and sales boosted by new customer acquisition and strong performance in womenswear.
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NewsApax swoops for luxury retailer Matchesfashion.com
Private equity firm Apax is set to acquire a majority stake in luxury fashion retailer Matchesfashion.com following a bidding war.
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NewsRent-to-own firm Buy As You View appoints administrator
BrightHouse rival Buy As You View has appointed administrators after suffering heavy losses, Sky News reported.
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NewsAgenda: Halfords updates and Sports Direct hosts AGM
Retail Week looks ahead to the next seven days, with an update from Halfords and Sports Direct’s AGM on the agenda.