All articles by Lisa Berwin – Page 33
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NewsBurberry set to hit market expectations
Burberry said it will hit market expectations for its full year pre-tax profits after revenue for its second half to March 31 grew 2 per cent.
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NewsJapan’s government steps in as spending plummets
Japan’s government last week laid out plans to plough an extra ¥10 trillion (£68.2bn) into attempts to stimulate its ailing economy.Retail sales have been a big victim of the country’s economic travails and fell to their lowest levels for seven years in February.Japan’s finance minister Kaoru Yosano has labelled the ...
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NewsJD Sports to expand fashion as full-year results impress
JD Sports Fashion chief executive Barry Bown has laid out plans to up the retailer’s fashion offer as he pleased the City with a solid set of full-year results.Bown plans to expand the Bank fascia from 54 to 150 stores in the next five years and will launch transactional Bank ...
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NewsNet-a-Porter launches its outlet site
Net-a-Porter has launched its designer outlet site, Theoutnet.com.
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H&M sales rise as new Matthew Williamson range readies for launch
Sales at Swedish fashion giant H&M rose 6 per cent in March compared with last year as the retailer unveiled details of its latest designer collaboration with UK designer Matthew Williamson.Next Thursday the range will launch in 200 H&M stores worldwide including 11of its UK stores and one of its ...
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NewsAmazon launches stationery offer
Amazon has launched a stationery offer on its site selling thousands of office products and supplies.Amazon UK managing director Brian McBride said: “Amazon’s aim is to have everything you could possibly want for the home office under one virtual roof.”Products will range from paper to printing labels and include storage ...
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NewsM&S loses market share in clothing
Marks & Spencer is losing market share in clothing as the battle to win customers continues to intensify, particularly in the middle market.Data from market research company FashionTrak showed that M&S lost 12 basis points of market share in February, the Telegraph reported. Marks & Spencer’s womenswear ranges lost the ...
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NewsGap sales continue to slide
Gap sales have continued to fall, down 6 per cent for the five weeks to April 4 on last year with comparable sales down 8 per cent.Comparable store sales in March, although down, were an improvement on the same period last year, when like-for like-sales dived 18 per cent.International sales, ...
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AnalysisMan in the news: Sir Philip Green
Topshop’s star-studded New York store opening has taken the US by storm. Lisa Berwin assesses the tycoon’s first bite of the Big Apple
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NewsJJB details plans for CVA and refinancing
JJB has outlined proposals for its company voluntary arrangement (CVA) and details of a refinancing deal with its banks.The landlords of JJB’s 140 closed retail stores will be able to make a claim against a fund of £10m, with two payment instalments, one at the end of September and one ...
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NewsWoolworths offers online Easter egg competition for customers
Woolworths has launched a virtual Easter egg hunt online for its customers who are unable to buy their traditional Easter eggs from the collapsed chain.Woolworths, which will be relaunched this summer as an online shop by Shop Direct Group, this week launched a competition on a specially launched site, Woolieswonderland.co.ukCustomers ...
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NewsJJB Sports details plans for CVA and refinancing
JJB has outlined proposals for its company voluntary arrangement (CVA) and details of a refinancing deal with its banks.
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NewsPeacocks sales soar
Peacocks reported a surge of 8.3 per cent in like-for-like sales in the 14 weeks to March 28 after benefiting from its value position.
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AnalysisThe race is on for top spots in sports retail
Dave Whelan wants to turn JJB’s health club chain into a retailer ‘serious about sport’ again, pitching him into a competitive market.
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NewsTopshop New York
The long-awaited launch of Topshop’s New York flagship took place this week when owner Sir Philip Green and supermodel Kate Moss led the opening of the store.The four-storey shop opened in New York’s SoHo district to huge PR fanfare with a host of celebrity guests.Green ...
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Westfield falls short of Next’s expectations
Next chief executive Simon Wolfson said that its Westfield London shop has so far performed below expectations and that the scheme has had less of an impact on its West End shops than it anticipated.Wolfson said Next, which this week reported like-for-like sales down 6.5 per cent in the full ...
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Theo Fennell brings back old boss as chief executive exits
Theo Fennell has re-instated its old boss Barbara Snoad after parting company with chief executive Pamela Harper who joined the luxury jeweller in 2007.
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Analysis: Inditex’s Euro strongholds give it the edge over H&M
Fashion giants Inditex and H&M reported solid results last week, but as the global downturn continues to deepen both retailers need to remain at the top of their game. While both are formidable players, some argue that H&M faces more challenges than its rival Inditex.The Spanish giant – owner of ...
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Tesco trials packaging scheme
Tesco is trialling a scheme to give customers a chance to remove and leave excess packaging in store after they have purchased goods.
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Mike Ashley in frame for Chris Ronnie's JJB Sports stake
Former JJB Sports chief executive Chris Ronnie’s 23 per cent in JJB Sports is believed to have been sold to sports tycoon Mike Ashley.