Latest finance news – Page 288
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NewsBrantano joins Jones on brink of administration
Brantano has followed sister retailer Jones Bootmaker by filing an intent to appoint an administrator, Retail Week has learned.
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NewsLush profits soar as it eyes overseas growth post-Brexit
Lush reported a leap in its full-year sales and profits as it looks for “other options for growth outside the UK” following Brexit.
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NewsAshley's Sports Direct ups interest in Debenhams
Mike Ashley-owned retailer Sports Direct has raised its bet on Debenhams again, taking its interest in the department store retailer to more than 11%.
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NewsZara owner Inditex unveils profit and sales jump
Zara owner Inditex said full-year profits jumped 10% to €3.16bn as its multi-brand proposition continued to attract shoppers from around the globe.
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NewsBreakfast briefing: Sports Direct, Scottish retail sales and more
Retail news round-up: Sports Direct increases its bet on Debenhams, retail sales in Scotland decline, Bunnings to launch transactional website in UK
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NewsJones Bootmaker files intention to appoint administrators
Jones Bootmaker has filed a notice of intention to appoint an administrator, Retail Week can reveal.
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NewsToday in Retail: Shareholders suffer French disconnection
Another day, another call for drastic change at embattled fashion business French Connection from some of its biggest shareholders.
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NewsFrench Connection investors call for business to be split
A group of French Connection’s biggest investors have called for the business to be broken up after it suffered a fifth consecutive year of losses.
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NewsFrench Connection losses narrow despite falling sales
French Connection full-year losses recorded an uplift, but the fashion chain’s sales fell across both its retail and wholesale divisions.
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NewsOcado sales jump driven by increased order frequency
Ocado reported a leap in its first-quarter sales despite a dip in its average order value as customers chose to spend less more often.
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NewsToday in Retail: Asda gives staff choice on contracts
Asda was in somewhat self-deprecating mood today as it unveiled details of a new contract offer being made to its shop floor staff.
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NewsBlue Inc landlords brand CVA 'stay of execution'
Blue Inc’s landlords have rubbished the struggling menswear retailer’s attempts to stay afloat by undergoing the second CVA in a year.
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NewsToday in Retail: Storm clouds gather over Blue Inc
With John Lewis Partnership’s warning of the “increasingly uncertain market” ringing in retailers’ ears, today the industry was served another note of caution.
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NewsBlue Inc seeks rescue deal through CVA
Fashion retailer Blue Inc is seeking to cut its rent and debts as part of a rescue deal.
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NewsBreakfast briefing: Lego, Blue Inc and more
Retail news round-up: Lego reports boost in revenue, Blue Inc plans shop closures, and sales on UK high street decreases.
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NewsRetail Week Live: Divido scoops Launch Pad prize
Divido has been crowned the winner of Retail Week Live’s Launch Pad Pitch Perfect competition following an audience vote.
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NewsJohn Lewis Partnership cuts bonus despite jump in profits
The John Lewis Partnership has slashed its staff bonus despite posting a surge in full-year pre-tax profits.
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NewsMorrisons profits jump as turnaround builds momentum
Morrisons has registered its first full year of profit and like-for-like sales growth since 2012 as the grocer’s turnaround plan gains momentum.
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NewsTesco's Hoggett insists Booker deal not a distraction
Tesco’s UK chief operating officer Tony Hoggett has insisted its acquisition of wholesaler Booker will not serve as a distraction from its core grocery business.
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NewsArgos 'weren’t fully ready' for Fast Track, says Bodson
Sainsbury’s Argos chief digital and marketing officer Bertrand Bodson said the retailer made “a tough decision” when it launched Fast Track in 2015.