Latest finance news – Page 487
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NewsOak Furniture Land to increase store numbers
Oak Furniture Land is to more than double store numbers over the next 18 months after strong growth in the past year.
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NewsDunkerton considers overseas flagship for SuperGroup
SuperGroup boss Julian Dunkerton is considering opening Regent Street-style Superdry stores overseas following the success of the London flagship.
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NewsAsda records 2.2% like-for-like sales rise
Asda has recorded a 2.2% uplift in like-for-like sales in the 12 weeks to March 31.
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NewsPlay.com owner Rakuten invests in Pinterest
Rakuten, the Japanese etail giant which owns Play.com, is leading a $100m investment in social networking site Pinterest.
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NewsFrench Connection warns on profits
Fashion group French Connection has issued another profit warning after sales went into tailspin in the first three months of the year.
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NewsJJB’s new store model wins Nike support
JJB Sports’ new store model has won the support of key supplier Nike, which will bring new performance product into the retailer’s stores.
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NewsClinton Cards to close 350 stores as Birthdays leaves the high street
The administrators of Clinton Cards are to shut 350 stores, including the entire Birthdays chain, starting next week after concluding the retailer is “burdened with an untenable retail estate”.
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NewsWestfield Stratford approaches £500m of sales
Westfield Stratford City has notched up almost £500m of sales since opening last September.
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NewsLand Securities: High streets 'may never recover'
Directors of retail property firm Land Securities believe that some high streets are doomed and “may never recover” from damage inflicted during the recession and downturn.
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NewsAlliance Boots' trading profit soars as it targets international growth
Alliance Boots, parent of health and beauty retailer Boots, has posted double digit annual growth despite a “difficult” economic climate.
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NewsMusgrave Group reports profits slip
Musgrave Group has recorded a 1% slip in pre-tax profits to €71m last year.
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NewsFrench Connection faces investor backlash over director pay
Fashion chain French Connection faces an investor revolt over proposals on director pay.
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Endless acquires Bathstore for £15m
Leeds-based turnaround group Endless has bought Bathstore for £15m in cash.
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NewsMiddle Eastern interest in House of Fraser stake
House of Fraser has received at least two approaches to buy a significant stake in the business after its Icelandic owners put its shares up for sale.
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NewsBolland to scale back M&S growth target
Marks & Spencer chief executive Marc Bolland is expected to admit his plan to add £3bn of sales in three years was too ambitious.
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NewsClinton Cards boss exits as WHSmith considers bid
The administrators of Clinton Cards have ousted chief executive Darcy Willson-Rymer, it is understood, and WHSmith may enter the fray for control of the retailer.
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NewsPrimark poaches M&S man for pivotal group sourcing role
Value fashion giant Primark has hired Marks & Spencer’s head of sourcing Garry Gordon.
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NewsDixons profits to come in at top of range
Profits at electricals group Dixons are expected to come in at the top end of expectations and the retailer’s new financial year has begun strongly.
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NewsSuperGroup records "disappointing" fourth quarter
Like-for-like sales at SuperGroup were flat in a fourth quarter chief executive Julian Dunkerton described as “disappointing”.
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NewsStore closures loom at Clinton Cards
Buyers circle as Clinton Cards follows Game and Peacocks into administration.