All articles by Lisa Berwin – Page 57
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NewsKnickerbox rebrands to drive sales
Ann Summers is to relaunch Knickerbox in July, in an effort to double its sales in two years.
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Gap profits soar while Old Navy haemorrhages sales
Beleaguered US fashion group Gap has suffered a like-for-like sales dive in its first quarter, with chief executive Glenn Murphy describing the retail climate as “one of the toughest” in recent memory, despite profits soaring 40 per cent over the period.
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Amazon UK chases cosmetics share
Amazon UK has expanded its product categories with the launch of an online health and beauty shop in an effort to take a share of the lucrative cosmetics market.
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Northern Foods staff protest at factory closure
Staff from Marks & Spencer ready meal supplier Northern Foods confronted the retailer’s directors yesterday in a showdown at its Marble Arch store.
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John Lewis sales fall again
John Lewis Partnership has suffered another drop in sales at its department stores.
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Grocery bills rise 5.8%
The cost of groceries have soared 5.8 per cent since the start of the year, according to a Verdict report.
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NewsBill Gates buys stake in Carpetright
Carpetright has been given an unexpected boost after Microsoft billionnaire Bill Gates bought a 3 per cent stake in the flooring and carpet specialist.
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Flying Brands to miss targets
Home shopping group Flying Brands has continued to suffer from bad debts and warned that it will miss full-year profits by 1.1 million.
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Burberry profits soar
Burberry has reported pre-tax profits up 25 per cent to 195.7 million in the year to March 31.
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Woolworths ditches CD singles
Woolworths is to stop selling CD singles, as downloads continue to storm ahead as the preferred way to buy music.
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Stylo losses hit £7.8m
Shoe group Stylo has reported a pre-tax loss of 7.8 million for the year to February 2, excluding a 4.7 million loss resulting from a property impairment.
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Claire’s picks UK and Ireland MD as it rejigs its European structure
Claire’s Accessories has appointed a managing director for its UK and Ireland region as it formulates a new structure for its European division.
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NewsDeals breathe life into ailing value market
The reshaping of the embattled value sector began this week with two key deals.
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NewsJobs slashed at MK One
About half of head office jobs have been slashed at fashion chain MK One after it was put into administration this week.
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Credit Suisse cuts ties with Sports Direct
Investment bank Credit Suisse has ended its relationship with Sports Direct as corporate broker.
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Woolworths to sell stake in 2entertain
Woolworths has appointed UBS to sell its stake in DVD publisher 2entertain.
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JJB buys shoe chain Qube
Sports retailer JJB Sports has snapped up Qube Footwear for 1 from West Coast Capital.
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Avon reveals new lingerie range
Avon has signed model and TV presenter Lisa Snowden as the face and body of its new lingerie range.
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Gap expands into Russia
Gap has signed a franchise agreement to expand into Russia with both its Gap and Banana Republic brands.
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Kate Moss launches latest Topshop collection
Kate Moss has launched her sixth collection for Sir Philip Green’s Topshop today.