Latest finance news – Page 64
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NewsNext ups profit guidance again as sales soar
Next has upped its full-year profit guidance for the fifth time in eight months following “better than anticipated” full-price sales during November and December.
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NewsMamas & Papas on track for record year
Mamas & Papas is on course for a record financial year after a bumper Black Friday provided a golden quarter sales boost.
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NewsSupermarkets enjoy busiest Christmas since 2019
UK supermarkets experienced their busiest Christmas trading period since 2019, as a record £13.7bn of sales went through the tills.
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NewsOutlet Shopping at the O2 posts ‘record-breaking’ year
Outlet Shopping and the Entertainment District at the O2 has posted a “record-breaking” year of trade in 2023 after welcoming 8.9 million visitors to the destination.
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NewsRetail pop-up specialist Sook ceases trading
Retail pop-up specialist Sook has closed all its stores after failing to find sufficient funding.
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NewsCotswold Company sales climb as consumers reject 'throwaway furniture'
The Cotswold Company grew orders 13% over the golden quarter as shoppers refreshed their homes for guests at Christmas.
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NewsLidl reports record-breaking Christmas
Lidl has reported a record-breaking Christmas trading period, as sales of its Deluxe own-brand products flew off the shelves.
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NewsAldi to slash prices further after ‘best ever’ Christmas sales
Aldi has vowed to slash prices further in 2024, after reporting a record Christmas trading period.
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NewsScS shareholders vote through £99m sale to Poltronesofà
The £99m takeover of ScS by Italian sofa retailer Poltronesofà has been given the go-ahead after shareholders voted in favour of the deal yesterday.
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NewsNike plans $2bn cost savings as it posts soft sales outlook
Nike has outlined plans to make $2bn (£1.6bn) in cost savings over the next three years as demand slows and it looks ahead to a “softer” second-half sales outlook.
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NewsRetail hopes rest on big Christmas weekend ahead of ‘new year’s chill’
Retailers are holding out hope for a last big weekend of trading ahead of Christmas Day, despite the economic outlook being decidedly gloomy.
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NewsFrasers Group snaps up Matches in £52m deal
Frasers Group has snapped up luxury fashion retailer Matches in a £52m deal as it looks to strengthen its luxury offering and elevate its portfolio.
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NewsAsda faces £30m rise in debt costs as bosses grilled by MPs
Asda could have to pay increased interest payments of £30m from February as owners Mohsin and Zuber Issa’s loans become due.
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NewsSuperdry warns on profits as tough trading conditions and weather take toll
Fashion retailer Superdry was warned that profits will be lower than expected after trading ”significantly below management expectations”.
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NewsCoupang completes $500m rescue deal for Farfetch
Global ecommerce retailer Coupang has acquired Farfetch, injecting $500m (£394.8m) in emergency funding into the embattled luxury fashion retailer.
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NewsFarfetch in talks with white knight investor to go private
Farfetch is attempting to finalise a rescue deal with a private equity-backed buyer that would see its shareholders get wiped out.
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NewsMike Ashley eyes deal to bring Matches into Frasers Group
Retail tycoon Mike Ashley is in negotiations about a deal that would see Frasers Group take control of Matches.
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NewsH&M sales flat again after 'unusually hot weather'
H&M has posted “flat” sales in its fourth quarter as the previous warning of “unusually hot weather” took its toll on autumn ranges.
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NewsNaked Wines losses widen and sales fall
Naked Wines has reported a loss and a drop in sales as it starts moving towards “sustainable cash generation”.
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NewsCurrys boss Baldock optimistic about Christmas as customers ‘treat themselves’
Currys chief executive Alex Baldock said customers have been “treating themselves” this year and he was positive about the festive season.