Latest finance news – Page 583
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsBlacks Leisure mulls equity issue as sales start to improve
Blacks Leisure is considering an equity fundraising of between £15m and £20m as sales in its second half began to improve on the back of its restructuring.
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NewsBrightHouse enjoys strong festive sales
Rent-to-own electricals and furniture retailer BrightHouse has reported a strong Christmas with like-for-like sales up 9% in the 13 weeks to December 24.
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NewsValue clothing chain Happit in administration
Scottish value chain Happit has hit the buffers this week after poor trading conditions impacted sales.
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NewsSpar festive total sales jump 10.3%
Convenience store chain Spar has reported total sales from December 14 to date up 10.3%.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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NewsMajestic Wine toasts 11.7% Christmas boost
Halving its minimum order size helped Majestic Wine to a strong Christmas, with UK like-for-like sales up 11.7% for the nine weeks to January 4.
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NewsFood price war intensifies as grocers ramp up cuts for 2010
Grocers have kicked off the new year with an intense price war, signalling a year of even tougher competition in the food sector.
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NewsTourists and the cold help department stores
Department stores have reported a bumper Christmas, during which they benefited from the cold weather and an influx of tourists drawn by the weak pound.
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NewsUniqlo seeks to expand after festive sales jump
Japanese-owned fashion retailer Uniqlo is on the expansion trail after it is understood to have delivered UK like-for-like sales up 38% in December.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsShop Direct celebrates festive trading success
Shop Direct Group has said electricals and partywear helped it deliver strong Christmas sales, up 6.3% in the six weeks to January 1.
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NewsOriginal Factory Shop Christmas profits soar
Value department store operator The Original Factory Shop had record sales for the four weeks to December 27, helped by its position as a “non-food convenience store” according to chief executive Angela Spindler.
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NewsWorries for furniture sales after VAT rise
Furniture and homewares retailers say shoppers were out in force before the January 1 VAT rise but have warned that the outlook for the rest of the year is cautious.
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Swarovski eyes more openings in year ahead
Swarovski is to continue its expansion after reporting like-for-likes up 9% for the 2009 calendar year.
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NewsChristmas brings record month for My-Wardrobe
Fashion etailer My-Wardrobe.com enjoyed a record month in December, passing the £1m sales barrier in a month for the first time.
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NewsTheo Paphitis looks on as La Senza backers in talks
Former La Senza owner Theo Paphitis is understood to be waiting for the dispute between the lingerie retailer’s private equity owner and its lender to play out before deciding whether to make a move for the business.