Latest finance news – Page 480
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NewsUPDATED: JJB Sports boss Keith Jones stands down
Struggling retailer JJB Sports’ chief executive Keith Jones has stepped down from his role after a string of profit warnings and a call for emergency fundraising last week.
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NewsShop Direct earnings soar as new brands outperform
Tight stock control and efficient management of customer credit boost home shopping giant.
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NewsAnalysis: Jacques Vert Group - Merger creates new strategy
The newly created group has a busy year ahead as it bids for share of its specialist market.
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NewsGrocers’ c-store sales set to rocket
The convenience grocery market is set to balloon as consumers shop more frequently and collect online orders in store.
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NewsWickes like-for-likes down 8.8%
Travis Perkins’ retail division, which largely comprises Wickes, saw like-for-likes drop 8.8% in its first half as the business plots its first overseas expansion, in the Netherlands.
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NewsHMV plans Stock Exchange listing change to speed up Live disposals
Entertainment retailer HMV is planning to transfer its Stock Exchange listing category on the Official List from premium to standard.
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NewsHobbycraft to drive multichannel as profits rise
Arts and crafts specialist Hobbycraft is to ramp up its multichannel offer.
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NewsFindel sales jump 8% as turnaround gains pace
Home shopping group Findel sales jumped 8% year on year in the 16 weeks to July 25 as its turnaround gained traction.
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Grocer Woolworths reveals full-year sales growth
Grocer Woolworths revealed that full-year sales from continuing operations rose 4.8% to A$55.13bn (£36.4bn) in the 12 months to June 24.The continued roll-out of Woolworths’ new 2015 store format, with a focus on value and innovations in fresh food, contributed to the rise.The retailer opened 38 Australian supermarkets during the ...
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NewsFall in store numbers reflects high street woes
Store numbers fell for the first time in three years in the second quarter.
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NewsStore refits and rain lift Carpetright sales
Floorings giant Carpetright enjoyed a sales rebound in the UK as its Dutch business suffered amid political crisis.
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Big C reports second-quarter sales increase
Casino’s subsidiary Big C reported second-quarter sales up by 5% to THB27.75bn (£563m) year on year.The hypermarket operator’s net profit rose 27% to THB1.4bn (£28m) thanks to strong growth in rental and service incomes.Big C is still feeling the effect of last year’s floods, which forced it to shut some ...
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NewsWet weather gives Carpetright a first quarter boost
Carpetright’s UK like-for-likes edged up 1.7% in its first quarter as the wet weather drove customers into stores.
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NewsOFT to examine American Greetings' Clintons deal
The Office of Fair Trading (OFT) is to investigate US card giant American Greetings’ acquisition of nearly 400 Clinton Cards stores.
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NewsComet: Asserting itself in electricals market
The electricals retailer is emphasising its value proposition to reassert itself in the market.
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NewsSports Direct profits up as online sales rocket
Sports Direct achieved a “record” year with pre-tax profits rising by almost 25% driven by a bumper year for online sales.
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NewsKingfisher like-for-likes flat as UK outshines France
DIY giant Kingfisher has reported flat group like-for-likes in its second quarter as the UK and Ireland outshone its French business.
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NewsJJB Sports calls for 'accelerated' funding
Embattled sports retailer JJB Sports said it needs funding more quickly than expected to tackle the tough trading conditions and is in discussions with its “strategic partners” about raising capital to fund its turnaround.
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NewsMothercare UK like-for-likes drop 6.7% in first quarter
Mothercare UK like-for-likes dropped 6.7% in its first quarter, which chairman Alan Parker said was in line with its expectations.
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NewsHalfords boss Wild exits as it warns on profits
Halfords chief executive David Wild has exited the retailer as it warned on profits following a weak first quarter.