Latest finance news – Page 469
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NewsTed Baker retail sales soar 24.6%
Ted Baker retail sales rose 24.6% in the 13 weeks to November 10.
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NewsComet collapse sparks early Christmas rush
Retailer’s demise pulls forward seasonal sales of electricals and technology.
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NewsSainsbury’s Justin King: Market is polarising
Clear division between winners and losers emerging as JS posts profits rise.
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NewsFair rates for retail campaign gathers pace as 1,500 write to their MPs
Almost 1,500 letters have been sent to MPs urging them to ease the burden on retailers by freezing business rates.
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NewsCarphone Warehouse delivers like-for-likes up 5% in the UK
Carphone Warehouse has posted a 5% rise UK like-for-likes in the first half to September 30.
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NewsWHSmith like-for-likes dip 4%
WHSmith like-for-likes dropped 4% in the first 10 weeks of its financial year.
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NewsInflation rate jumps to 2.7% in October
The rate of inflation jumped to 2.7% in October, driven in part by increases in the price of food and non-alcoholic beverages.
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NewsFamous Footwear collapses into administration
Shoe retailer Famous Footwear has collapsed into administration putting 300 jobs at risk.
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NewsCo-op launches savings trust to prevent Farepak-style losses
The Co-operative Group is to launch a Christmas trust to protect shoppers to prevent another Farepak-style collapse.
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News
Fashion retailer Gap reports sales increase
Sales at Gap increased 8% to $3.86bn (£2.4bn) during its third quarter ended October 27. The retailer reported a 6% rise in like-for-like sales, against a 5% decrease in the same period last year.Like-for-likes in North America rose 7% across Gap, Banana Republic and Old Navy, but fell 3% internationally.For ...
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NewsBRC urges Chancellor to freeze 2013 business rates
The British Retail Consortium (BRC) is urging Chancellor George Osborne to freeze business rates and scrap the planned fuel duty rise in a letter sent ahead of the Autumn Statement.
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NewsHobbs targets offices with pop-up shops
Premium fashion retailer Hobbs wants to install pop-up shops in offices to make it more convenient for its core customers to shop.
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NewsSpring Fair backs Fair Rates for Retail campaign
Spring Fair, the UK’s largest exhibition for the home and accessories trade, has lent its support to Retail Week’s Fair Rates for Retail campaign.
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NewsMorrisons like-for-likes fall 2.1%
Morrisons has posted a 2.1% slump in like-for-like sales excluding fuel for its third quarter as it said consumer confidence remains fragile.
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NewsSuperGroup's retail like-for-likes up in second quarter
SuperGroup’s UK retail like-for-likes jumped 5.8% in the second quarter as the fashion retailer improved its operations infrastructure to deliver its ambitions.
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NewsProfits plummet at TJX UK
TJX UK, which operates discount retailer TK Maxx and homewares specialist Homesense, posted a pre-tax profit plunge of 62% to £35.4m in the year to January 28, despite a sales uplift.
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NewsThe Entertainer eyes international growth
The Entertainer is eyeing overseas expansion after it revealed a surge in full-year profits and expansion of its online offer.
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NewsToys R Us UK profits halve as it opens stores
Profits at big-box toy retailer Toys R Us almost halved last year.
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NewsBurberry adjusted profits up 6%
Burberry adjusted profits jumped 6% to £173m in the six months to September against a 8% sales advance to £883m.
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NewsDunnes profits halve in UK arm
Irish grocer Dunnes has reported pre-tax profit in its UK arm halved last year as increased costs and a depressed economy hit performance.