All News articles – Page 1261
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NewsJohn Lewis sales jump sparked by electricals
John Lewis sales jumped 8.8% over the week to August 25 driven by electricals, home and technology.
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Woolworths reports group turnover growth
Food and clothing retailer Woolworths reported group turnover growth of 11.8% to ZAR28.6bn (£2.15bn) for its financial year ended June 24. Operating profit was up 26.6% to ZAR2.7bn (£203.2m), and profit after tax increased by 25% to ZAR2.1bn (£158m).At Woolworths’ African food and clothing operations, total sales increased by 11.6% ...
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NewsOxford Summer School students meet Dame Ellen MacArthur
Dame Ellen MacArthur addressed this year’s Oxford Summer School, the shopkeeper’s academy for rising stars in retail.
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Net income plunges at Best Buy
Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.Total revenue fell ...
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Bookseller Barnes & Noble narrow net losses
Bookseller Barnes & Noble recorded a 2.5% increase in consolidated revenues to $1.5bn (£948.4m) for its first quarter ended July 28. Net loss narrowed to $41m (£25.9m) as a result of cost savings. Sales at the retailer’s stores rose 2% during the period, or 4.6% on a like-for-like basis, benefiting ...
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NewsAquascutum seeking London flagship
Upscale fashion retailer Aquascutum aims to return to London’s West End and is seeking a flagship in the premier shopping district.
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NewsJane McNally to exit Jacques Vert
Jane McNally, the deputy chief executive of womenswear business Jacques Vert and former chief executive of Alexon, is to step down from the business.
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NewsUpdated: HMV's Simon Fox appointed Trinity Mirror chief executive
HMV’s outgoing boss Simon Fox has been appointed chief executive at Daily Mirror publisher Trinity Mirror.
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NewsArgos, Foyles and Blackwells partner with Barnes & Noble to sell Nook
Argos, Foyles and Blackwells are the latest retailers to sign up to sell Barnes & Noble’s Nook ereader, after John Lewis emerged as the first UK retail partner on Tuesday.
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NewsBoots strikes food deal with Musgrave
Boots has launched its new healthy and convenient food offer in stores today, in partnership with Irish food retail giant Musgrave. The range includes meat, fish and ready meals as well as in-store delis.
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NewsMobile transactions set to boom in run-up to Christmas
One in five online purchases could be through a mobile devices by Christmas, new research has forecast.
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NewsMarks & Spencer ditches celebs for new ad campaign
Marks & Spencer is to launch a new womenswear campaign without celebrities for the first time since 2005.
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NewsShop Direct reports soaring sales for mature womenswear brand
Shop Direct has reported booming sales for its older woman range Savoir which have jumped 62% in the year to date.
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News£5.5m Government funding to be unlocked for 392 town teams
Town teams not chosen as Portas Pilots can next month apply for a share of £5.5m put aside by the Government to help kick start efforts to revive their struggling high streets.
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NewsUpdated: Expressions of interest received for JJB
Several parties are understood to have expressed interest in taking control of JJB Sports, which formally put itself up for sale this morning following continued dismal trading.
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NewsOcado turns shopping nightmare into a winner
Trudging through busy supermarkets can be hell, or at least that’s the message Ocado is trying to spread.
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Massmart reports group sales growth
Walmart-controlled Massmart reported 15.6% growth in group sales to ZAR61.2bn (£4.61bn) for the year ended June 24.Operating profit increased 21% to ZAR2.1bn (£158m), or 3.7% when costs related to the Walmart transaction were taken into consideration. Sales in foreign markets represented 7.8% of total sales.Sales at Massdiscounters, comprising Game and ...
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NewsSelect launches new label to capture mid-market shoppers
Value fashion retailer Select will launch a higher price-point range next month as it seeks to broaden its appeal and capture mid-market customers who are looking for good-quality clothes at lower prices.
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NewsCo-op boss criticises rivals’ ethical stance
Co-operative Group chief executive Peter Marks accused his grocery rivals of “jumping on the bandwagon” of ethical retailing as he reported a slide in first-half sales and profits.
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NewsRetailers compete in back-to-school clothing market
Retailers are competing for market share in the lucrative back-to-school clothing market, which Kantar Worldpanel has valued at £350m per year.