All News articles – Page 1498
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NewsKingfisher profits up 23%
DIY giant Kingfisher has reported full-year pre-tax profits up 23% to £670m and said it will ramp up expansion and continue to focus on value for shareholders through the priorities of management, capital and returns.
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NewsNext posts profit rise and warns that retail landscape has been transformed
Fashion giant Next has reported record profits but warned that the retail landscape has fundamentally changed.
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NewsPatagonia to open its first UK company-owned store
Californian outdoor brand Patagonia is to open its first UK company-owned store in London’s Covent Garden this summer.
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NewsLiberty to revamp beauty hall
Iconic department store Liberty is to almost double the size of its beauty hall and unveil a new theatrical feel.
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NewsM&S use of Interflora as a keyword on Google may be stopped
Trademark laws that apply to internet advertising may be due to change as it emerges that Marks & Spencer’s use of Interflora as a Google keyword may be stopped.
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NewsConsumers given a lift as Chancellor cuts fuel duty
Retailers received a lift in today’s budget as Chancellor George Osborne cut fuel duty, easing pressure on cash-strapped consumers.
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NewsApple sues Amazon over ‘app store’ name
Apple is suing Amazon over its use of the name ‘App store’ to attempt to stop the online retailer from using the term.
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NewsInditex EBITDA soars 25% in 2010
Fashion group Inditex’s EBITDA soared 25% in its 2010 financial year.
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NewsInflation rises to 4.4%
The Consumer Prices Index (CPI) annual rate of inflation rose to 4.4% in February, up from 4% in January.
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NewsSainsbury's Q4 like-for-likes up 1%
Sainsbury’s fourth quarter like-for-like sales grew 1% excluding fuel in the 10 weeks to March 19.
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Regional electricals chain bought out of administration
Norfolk-based electrical retail chain Bennetts has been bought by Lowestoft-based Hughes Electrical after it collapsed into administration earlier this month.
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NewsHenleys retail arm in administration
Young fashion brand Henleys has shut its 18 stores blaming poor trading and difficult leases for its demise. Its wholesale business is unaffected.
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NewsJJB CVA approved
JJB Sports’ creditors and shareholders have approved the struggling sports retailer’s CVA proposal.
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NewsBig ticket sales show signs of growth but VAT still curbing spending
Sales of big ticket items began to show a month-on-month improvement in February, following the fall in January after the VAT rise, according to data from EBay.
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NewsJJB to reveal result of life-saving CVA today
Troubled sports retailer JJB Sports has said it expects to reveal the results of its company voluntary arrangement (CVA) meetings later today.
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ITM sales up 4% to £30bn
Grocer ITM has grown sales 4% for 2010 to reach nearly E35bn (£30bn) as a result of a strong international performance. Sales in France grew 1.6%. As part of its three-year plan, ITM intends to grow sales per square metre 15% and an extensive remodelling programme will be completed by ...
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Couche-Tard Q3 net earnings jump 29.6% to £46m
Convenience store operator Couche-Tard posted net earnings of $71m (£46m) for the third quarter ended January 30, up 29.6% from the comparable period last year. The increase was attributable to growth in merchandise and service sales, the contribution from a rising number of sites offering fuel and the growth in ...
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Walgreens sells its pharmacy benefit management business
Walgreens has sold its pharmacy benefit management business Walgreens Health Initiatives (WHI) to Catalyst Health Solutions for $525m (£450m), subject to certain adjustments. The transaction is structured as an acquisition of all the capital stock of WHI.Walgreens will retain and look to continue growing its speciality pharmacy and mail service ...
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Blockbuster to go ahead with its proposed £180m sale to investors
Troubled retailer Blockbuster has been given clearance by the US courts to go ahead with its proposed $290m (£180m) sale to investors, overcoming fears that the group may file for Chapter 7 liquidation.The retailer had come under pressure from creditors, including a growing number of movie studios that were owed ...
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Gap to close 200 of its 900 stores worldwide by 2013
Clothing giant Gap is to close 200 of its 900 stores worldwide by 2013, and has stated that part of its difficulties are due to it not investing enough in attracting ethnic minority customers in the US. Chairman and chief executive Glenn Murphy said Gap’s market share among African-, Asian- ...