All articles by Lisa Berwin – Page 41
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NewsFat Face sales up on declining EBITDA
Earnings at fashion and lifestyle retailer Fat Face fell more than 4 per cent in the 26 weeks to November 29 despite sales growth of 1.8 per cent for the period.
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Online growth slows in December as sales hit £4.67bn
Shoppers spent 4.67bn online in December, but monthly growth online slowed for the first time in six years as consumers spent 1.5 per cent less than in November.
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Otto UK reviews 3,800 jobs
The jobs of up to 3,800 staff at Otto UK are under review as the home shopping group revealed plans for a huge overhaul of the business.
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JJB chief executive's future in the balance as share transfer investigated
The future of JJB chief executive Chris Ronnie is hanging in the balance after the retailer launched an investigation into a transfer of his JJB shares.
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Icelandic fund Kcaj faces administration
Icelandic investment fund Kcaj, which owns several chains including Jones the Bootmaker, Mountain Warehouse and Blooming Marvellous, could be put into administration this week forcing the sale of its stakes in the retailers.
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Ideal Shopping beats Christmas expectations
Ideal Shopping Direct enjoyed a better than expected Christmas with like-for-like sales ahead of management expectations.
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Scottish delicatessen in administration
Scottish delicatessen chain McLeish Brothers has gone into administration.
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Office faces loss of supplier credit insurance despite strong trading
Footwear chain Office may become the latest retailer to have supplier credit insurance pulled following the collapse of its stablemate USC.
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Primark launches investigation into supplier
Primark is conducting an investigation into one of its key suppliers after an undercover probe found illegal immigrants were being employed at just over half the minimum wage.
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M and M Direct festive sales surge 31%
M and M Direct has become the latest online retailer to report a strong Christmas, with sales up 31 per cent in the 10 weeks to January 4.
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Shop Direct Group online sales soar
Shop Direct Group sales climbed 9 per cent in the six weeks to January 2 as more shoppers took advantage of later online delivery deadlines in the run-up to Christmas.
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Gap sales fall as shoppers delay Christmas purchases
A challenging December in the US hit fashion giant Gap, with like-for-like sales falling 14 per cent over the month.
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Next profit on course as Sale strategy pays
Next has stood firm on its discounting strategy and will be clear of much of its Sale stock by the end of this week, despite lengthy and deep price cuts by its competitors.
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Jones confident of JJB turnaround
The new management team put in place at JJB has vowed that there is a future for the beleaguered sports chain.
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My-wardrobe Christmas sales rocket
E-tailer My-wardrobe.com has reported a sparkling Christmas with sales up 210 per cent like for like in December.
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Interest rate cut to record low of 1.5%
Interest rates have been slashed to a historic low of 1.5 per cent.
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CD and DVD sales continue to beat downloads
DVD and CD sales continue to outperform the growing download market, according to research released today.
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Republic heads for record year after strong Christmas
Republic has been buoyed by a more recession resistant young fashion market to report strong sales growth over Christmas as it guns for a record year.
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Carpetright eyes up rivals
Carpetright has laid out medium term growth plans which will include acquisitions in a year’s time.
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Negative trading statements soar in fourth quarter
Stores unveiled a record number of negative trading updates during the the fourth quarter of 2008 – a figure that has only ever been equalled in the first quarter of 2005.