Latest finance news – Page 464
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NewsTheo Paphitis's retail group delivers strong Christmas performance
Sales across Dragons’ Den entrepreneur Theo Paphitis’s retail group surged over Christmas and recently acquired Robert Dyas reported 14.7% like-for-like growth.
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NewsMoss Bros improves profit expectations after robust Christmas
Moss Bros has reported a 2.7% increase in like-for-like sales in the first half and forecast its full-year performance will exceed expectations after a strong Christmas.
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NewsLK Bennett sales boosted by online and US trade
Luxury fashion retailer LK Bennett has reported a 15% increase in turnover last year as growth in the US and online drove sales.
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NewsSurge in use of multichannel services at Christmas
Christmas demand soars for retail’s multichannel services such as click-and-collect and speedy delivery as consumers increasingly take advantage of the different ways to shop.
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NewsHealthy start to Boxing Day and January Sales for big-ticket retailers
Home and furniture groups report steady performance of Sales despite the impact of fewer shopping days because of the way the bank holidays fell during the Christmas period.
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NewsDreams posts 7.2% like-for-like sales jump
Up-for-sale beds retailer Dreams has recorded a 7.2% rise in like-for-like sales over Christmas and New Year.
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NewsUPDATED: Jessops collapses into administration, store closures expected
Jessops has collapsed into administration with PwC appointed as administrator, as tipped by Retail Week this morning.
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NewsTed Baker posts "good" Christmas as retail sales surge 20.9%
Premium fashion brand Ted Baker experienced a 20.9% surge in retail sales over Christmas and has appointed the Football Association’s chairman David Bernstein.
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News
Jumbo Supermarkten posts sales increase
Dutch grocery retailer Jumbo Supermarkten posted sales of E6.96bn (£5.66bn) for financial 2012. Turnover at Jumbo stores rose 31.7% to E3.23bn (£2.62bn.The rapid increase was mainly generated by its acquisition of competitor C1000, which raised the store count of its Jumbo-bannered shops from 263 to 309.Like-for-like sales growth was 2.7%. ...
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NewsQD Stores acquires discount chain Thingmebobs
Value retailer QD Stores has acquired east of England discount chain Thingmebobs.
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NewsH.Samuel and Ernest Jones Christmas sales fall
Like-for-like sales at jewelers H.Samuel and Ernest Jones fell over Christmas.
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NewsTopps Tiles like-for-likes rise 1.6% in first quarter
Topps Tiles has reported a 1.6% uplift in like-for-like sales in the first quarter as trading gathered pace in the run up to Christmas.
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NewsDunelm reports "strong" half-year as it gains market share
Value homewares retailer Dunelm has reported a 2.2% rise in like-for-likes in the 26 weeks to December 29 as it gained market share.
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NewsMajestic Wine posts Christmas like-for-likes up 1.1%
Specialist retailer Majestic Wine revealed like-for-like sales jumped 1.1% across Christmas in a “challenging” market.
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NewsDebenhams posts best ever December sales
Debenhams has posted its highest ever December like-for-like sales, up 5% in the five weeks to January 5.
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NewsRBS private equity arm eyes Dreams acquisition
The Royal Bank of Scotland’s (RBS) private equity arm has expressed an interest in acquiring up-for-sale retailer Dreams.
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NewsGap acquires US luxury fashion retailer Intermix
Gap is set to enter the luxury clothing market after buying New York-based fashion retailer Intermix.
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NewsNext Christmas sales up 3.9%
Fashion retailer Next posted total sales up 3.9% in the Christmas trading period, as it narrowed its profit guidance.
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NewsRetail administrations jump 6% in 2012
The number of retailers falling into administration jumped 6% year on year in 2012, according to accountancy firm Deloitte which predicts further distress for the sector in the year ahead.
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NewsBeds retailer Dreams up for sale
Beds retailer Dreams has been put up for sale, it is understood.