Latest finance news – Page 371
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NewsThorntons sales drop despite 'positive' Easter and Valentine's Day trading
Thorntons retail sales dropped 5.4% during the third quarter, despite “positive” trading in the build-up to Valentine’s Day and Easter weekend.
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NewsN Brown full-year profits hit by investment and weak autumn trading
N Brown’s full-year profits have taken a hit after it invested in its change programme and was impacted by weak autumn trading.
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NewsHomebase outpaces Argos' sales growth as Home Retail profits jump 14%
Homebase has outpaced Argos’ sales growth as parent company Home Retail recorded a jump in annual pre-tax profits after a focus on cutting costs and growing gross margins.
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NewsNext sales up 4.1% in first quarter buoyed by warm spring weather
Next reported total sales were up 4.1% in the first 13 weeks of the year, driven by a longer Sale period.
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NewsIkea full-year profits fall 10.5% in the UK despite a sales surge
Ikea’s UK profits dropped 10.5% for the year despite a jump in sales as the retailer seeks to pursue a strategy of “long-term profitability”.
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NewsJaeger reshuffles top team and appoints former Bank boss as trading director
Former Bank managing director Gwynn Milligan has been appointed trading director at Jaeger as part of an executive team shake-up.
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NewsDunelm chairman Geoff Cooper to be replaced by non-exec Andy Harrison
Dunelm chairman Geoff Cooper is stepping down after more than 10 years, to be replaced by non-executive director Andy Harrison.
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NewsBreakfast Briefing: Retail news on Morrisons, Dunhumby, M&S and more
Retail news round-up on April 28, 2015: Former Morrisons chief to get further £1.1m payoff, Dunhumby ends US joint venture, M&S to unveil Lulu Kennedy collection, and more.
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NewsAmazon to continue heavy investment in Prime despite losses
Amazon will continue heavily investing in its Prime service despite revealing another big loss in its first quarter.
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NewsJones Bootmaker and Brantano owner appoints advisors ahead of sale
Macintosh Fashion has appointed BNP Paribas and KPMG as advisors to find a buyer for its Jones Bootmaker and Brantano fascias.
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NewsLK Bennett to expand abroad as it reports rise in profits
LK Bennett recorded a rise in turnover and profits as it expands internationally and continues to assess underperforming UK stores.
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NewsPhase Eight mulls expanding to include homewares and jewellery
Phase Eight is eyeing plans to expand its brand offering to include homeware and jewellery thanks to expertise from its new owners.
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NewsDixons Carphone sells stake in The Phone House Netherlands
Dixons Carphone is to sell a majority stake of the Dutch arm of its The Phone House business as it overhauls its international operation.
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NewsInfographic: John Lewis sales drop amid tough conditions and Easter timing
Sales at both John Lewis and Waitrose fell last week as the timing of Easter and challenging trading conditions took their toll.
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NewsFrench Connection warns on retail sales after 'challenging' conditions
Fashion retailer French Connection has warned that its first-half retail sales will come in “materially lower than expected”.
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NewsBreakfast Briefing: Retail news on wearable tech, retail sales and Amazon
Retail news round-up on April 24, 2015: Netatmo June wristband goes on sale at SpaceNK, Surprise fall in March retail sales, Amazon incurs quarterly loss of $57m
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NewsKaren Millen boss Shearwood: Don’t make knee-jerk exits from foreign markets
Karen Millen boss Mike Shearwood has advised retailers not to make rash decisions about struggling international markets.
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NewsMorrisons launches bonus scheme based on customer service scores
Morrisons has revealed a new staff bonus scheme that will reward employees based on customer satisfaction levels at their stores.
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NewsPayments business aids eBay results, despite hit from US dollar
EBay posted better than expected profits of $626m (£416m), as payments revenues counteracted the strengthening of the dollar.
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NewsBreakfast Briefing: Retail news on eBay, Holland and Barrett, Amazon and more
Retail news round-up on April 23, 2015: eBay posts $626m quarterly profits, Holland and Barrett opens ‘free from’ store, Amazon to trial delivery to Audi cars and more