More on Me + Em – Page 1942
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NewsFormer Jessops chairman David Adams blasts HSBC over collapse
The former chairman of Jessops David Adams has criticised the collapsed camera specialist’s largest shareholder HSBC for dismissing “out of hand” a private equity-backed approach he claimed he made for the business last summer.
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OpinionBlog: Tesco piles on the pressure
Tesco’s boss Philip Clarke seemed on relaxed form this morning. The Christmas like-for-like performance, up 1.8%, is the strongest its been for three years and - while a different reporting period - is higher than competitors Sainsbury’s and Morrisons.
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OpinionNick Bubb's Verdict: Cost control won't work forever at M&S
With CEO Marc Bolland under increasing pressure to get profits moving up at M&S, it is unhelpful to his cause that current year expectations have had to be notched down again, even though M&S promises to get its act together this autumn.
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AnalysisJessops timeline: Charting the company's history
A look at the history of camera specialist retailer Jessops which collapsed into administration yesterday.
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NewsJessops collapse blamed on suppliers changing credit terms
Jessops is understood to have filed for administration after suppliers Nikon and Canon changed the credit terms and cut the payment period.
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OpinionComment: Tesco should be relieved but there are still more vices than virtues
Tesco is approaching the anniversary of a dark day in its history when it announced a major underperformance of its home market leading to a material acceleration in the group’s change strategy.
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NewsTopps Tiles to sponsor national weather on ITV's Daybreak
Topps Tiles has agreed a 12-month deal with ITV1’s Daybreak to sponsor the breakfast programme’s national weather forecast.
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AnalysisTesco: What the analysts say
Tesco today reported a 1.8% uplift in like-for-like sales over Christmas as its core UK business begins to show signs of a turnaround a year-on from its profit warning. The City welcomed the figures.
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OpinionComment: Jessops' dullness was its downfall
There was more gloomy news in the electrical retail sector over Christmas and the New Year with the combination of Comet’s demise and the news yesterday that Jessops has called in the administrators.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer surprised the City by issuing its Christmas trading update early last night. Analysts were downbeat over the 1.8% like-for-like fall over the festive period.
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NewsM-commerce drives 5% Christmas sales growth at Shop Direct
Shop Direct sales jumped 5% in the six weeks to December 29 driven by mobile commerce.
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NewsJD Sports sales rise but Blacks has “disappointing” Christmas
JD Sports like-for-likes increased over the festive period, however, Blacks had a “disappointing” Christmas.
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AnalysisBlog: Philip Clarke on Tesco's management changes
Today, alongside our Christmas trading update, I’ve announced the appointment of a Managing Director to run Tesco in the UK. The UK is the biggest part of the Tesco business, and it’s our home, so I thought it would be a good idea to tell you a bit more about both the person and why I’ve made this appointment.
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NewsTesco UK like-for-likes edge up 1.8% as it confirms new UK boss
Tesco UK like-for-likes edged up 1.8%, excluding VAT and petrol, over Christmas as it confirms the promotion of Chris Bush to UK managing director.
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AnalysisChristmas roundup: Toys - The Entertainer targets growth after record sales
The Entertainer achieved a record Christmas. Like-for-likes rose 9.5% in the five weeks to December 29, as it pushes the button on international expansion plans.
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News
Oxylane's Decathlon banner applies to sell goods in India
French leisure retailer Oxylane’s Decathlon banner in India has applied to the government to be able to sell to consumers.At present Decathlon only operates a handful of wholesale operations in India.The initiative is likely to have been triggered by the relaxation of laws on multi-brand retailing in the country. The ...
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News
Redcats begins sale negotiations for children and family division
Luxury retailer PPR’s Redcats division is thought to have begun exclusive negotiations with investment fund Alpha about the sale of its children and family division, which includes the Vertbaudet and Cyrillus brands.The division was put up for sale in October. In 2011, Vertbaudet generated sales of E252m (£204.9m), while Cyrillus ...
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News
Monoprix to open 50 stores in France
Casino’s Monoprix banner is to open 50 stores in France by the end of this year. Monoprix will ultimately operate a network of 523 stores.The fascia will also be fully integrated into Casino following its acquisition of former partner Galeries Lafayette’s stake in the joint venture for E1.18bn (£959.4m) last ...
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NewsGet more for your pennies at Poundworld
Of all the retailers expected to have a half-price Sale this January, Poundworld was not one of them.
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NewsSuperdrug unveils premium B brand
Superdrug is to launch a premium skincare and make-up brand as it seeks to offer customers more quality products at accessible prices.