Latest finance news – Page 266
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NewsiCandy collapse cost former Clinton boss nearly £1m
Retail entrepreneur Clinton Lewin lost almost £1m as a result of the collapse of his iCandy greetings card business.
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NewsNew Look targeted by distressed debt investors
US distressed debt investors are seeking to acquire bonds of embattled fashion retailer New Look.
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NewsTiger profits drop despite climbing sales
Danish retailer Tiger posted a slump in its full-year profits as increased sales and an expanded store estate failed to offset currency exchange costs.
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NewsAlibaba profits soar as retail and tech drive sales
Chinese ecommerce giant Alibaba has posted a surge in profits and sales in its second quarter as its commerce and cloud technology division bolstered growth.
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NewsAgenda: Grocery sales data from Kantar and Nielsen
Retail Week looks ahead to the next seven days, with the latest grocery market share data from Kantar and Nielsen on the agenda.
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NewsAsda stems sales decay with first rise in three years
Asda has posted its first quarter of sales growth for three years as the embattled grocer’s turnaround efforts build momentum.
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NewsBunnings racks up losses in maiden full year
Wesfarmer-owned DIY retailer Bunnings made a loss in its first full year on these shores as it kick-started its assault on the UK DIY market.
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NewsLaura Ashley warns on profits ahead of full-year results
Laura Ashley has issued its second profit warning in the space of six months amid “demanding” trading conditions.
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NewsJohn Lewis sales spurred by fashion and electricals
John Lewis sales spiked last week as womenswear and electricals drove the department store chain’s performance.
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NewsSainsbury’s pauses Nisa talks over competition concerns
Sainsbury’s has pressed the pause button on takeover talks with retailer and wholesaler Nisa because of concern that it could stoke greater than expected regulatory interest.
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NewsToday in retail: The Hut Group plumps its portfolio
In times of uncertainty, retailers will either tighten their belts or, perhaps counterintuitively, spend more money.
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NewsMatchesfashion in £600m sale talks as buyers circle
Matchesfashion.com is being eyed by a clutch of private equity firms, which could value the fashion retailer at £600m.
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NewsHut Group snaps up Glossybox and hits £2.5bn valuation
The Hut Group’s latest funding round has more than doubled its valuation as the health and beauty etail group acquired cosmetics subscription business Glossybox.
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NewsAmazon's European retail business pays just £15m in tax
Amazon’s European business paid just €16.5m (£14.95m) in tax last year, despite raking in revenues of €21.6bn (£19.57bn).
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NewsAgenda: Asda and Kingfisher report second quarter results
Retail Week looks ahead to the next seven days, with updates from Asda and Kingfisher on the agenda.
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NewsToys R Us full-year profits jump despite falling sales
Toys R Us’ pre-tax profits rocketed in its latest full year, but sales dipped amid what the retailer described as a ‘competitive market environment’.
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NewsThe Fragrance Shop smells success with profits rise
The Fragrance Shop has reported increases in its sale and profits as the retailer presses on with expansion.
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NewsScalpel or axe? How retailers should seek to streamline
As the likes of Tesco, John Lewis, Sainsbury’s and Asda streamline their cost bases, Lawrence Hutter explores the departments where retail’s axe is likely to fall.
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NewsCard Factory sales spike amid store expansion plan
Card Factory has posted a jump in like-for-like sales during its first half as the business presses ahead with a drive to broaden its proposition.
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NewsScS like-for-likes slip against ‘tough comparatives’
In a pre-close update, ScS said order intake slipped 0.7% on a like-for-like basis in its full year as it came up against tough comparatives.