Latest finance news – Page 495
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NewsNew owner invests £50m to turn around Peacocks
The new owner of Peacocks, Edinburgh Woollen Mill, plans to restore the collapsed value fashion retailer to a 600-store business in the next four years as it pumps in £50m of investment.
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NewsTesco boss urged to bring back the ‘personal touch’
Former Tesco chairman Lord MacLaurin has called for his former “Saturday boy” Philip Clarke to focus on staffing levels and service to turnaround the grocer’s fortunes.
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NewsGame will not stock EA and Nintendo major releases over credit row
Game will not be stocking some of EA’s key March releases, including blockbuster Mass Effect 3, after the games developer refused to give the retailer more “manageable credit terms” in the short term.
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NewsMore Bonmarché stores rescued from closure
Sun European, new owners of rescued fashion chain Bonmarché, has confirmed an additional 30 stores will remain open, taking the total number of stores to 255.
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NewsRetail sales stabilise in February, according to the CBI
Retailers experienced little change in sales volume year-on-year with 34% of retailers surveyed in February’s CBI Distributive Trades Survey reporting an increase, while 36% reporting a decline.
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NewsCrew Clothing full year profits soar
Casualwear retailer Crew Clothing profits climbed by more than a quarter last year despite the challenging economic climate.
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NewsPrimark like-for-likes to edge up 2% in first half
Primark like-for-likes are expected to edge up 2% in its first half.
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NewsEdinburgh Woollen Mill eyes a further 75 closed Peacocks stores
More stores could be saved by the new owner of Peacocks, as Edinburgh Woollen Mill seeks to reopen 75 more stores that were closed last week.
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NewsSales uplift at Ann Summers after La Senza hit the buffers
The lingerie retailer enjoys a sales hike and launches ‘tongue in cheek’ ad campaign
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NewsWhite Stuff hires new marketing boss
Fashion retailer White Stuff has hired former Debenhams marketing manager Claire Neillands as its boss of cross-channel marketing, replacing Alison Lancaster who left to become Morrisons’ online marketing head last month.
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NewsPeacocks sold to Edinburgh Woollen Mill
Peacocks has been sold to Edinburgh Woollen Mill, which has acquired 388 stores and concessions, out of administration.
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NewsPast Times disappears from high street as all shops closed
Past Times no longer has a bricks and mortar presence after all its 97 stores closed after it filed for administration in January.
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NewsEdinburgh Woollen Mill re-enters bidding race for Peacocks
Edinburgh Woollen Mill re-entered talks to buy Peacocks over the weekend, it is understood.
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NewsWickes like-for-likes hit as kitchens and bathrooms sales decline
Travis Perkins’ retail arm, which largely comprises Wickes, experienced a like-for-like decline of 1.4% last year as it was hit by a fall off in demand in kitchens and bathrooms.
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NewsAlbemarle & Bond half year profits soar but retail remains tough
Pawnbroker Albemarle & Bond’s pre-tax profits have soared in its half year but its retail arm remains challenging.
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NewsFlying Brands to sell gifts business to Interflora
Home shopping group Flying Brands is to sell its gifts division to Interflora.
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NewsJJB Sports like-for-likes slide but margins improve
JJB Sports like-for-likes dropped 5.7% in the 5 weeks to January 29 as its margins continued to improve.
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NewsOut-of-town shopping drives Christmas footfall rise
Footfall in the three months to January was 1.8% up on a year ago, thanks largely to an increase in out-of-town shopping.
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NewsIn focus: Pets at Home
It is a time of change at the pet specialist as the long-serving chief executive steps down.