All News articles – Page 1655
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NewsAustralian chain Coles poaches UK retailers
Australian grocer Coles has hired another clutch of UK retailers, reporting to retail and operations director Stuart Machin.
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NewsAurora hires ex-Asos man as online chief
Aurora Fashions has appointed former Asos marketing chief Hash Ladha to the newly created role of group multichannel director.
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NewsNew Asda boss Andy Clarke faces ambitious targets
Asda’s incoming chief executive Andy Clarke faces an “uphill battle” to achieve the retailer’s ambitious targets in food and non-food, according to City analysts.
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NewsInconclusive election was ‘almost as bad as Lehman Brothers’
Store groups’ sales collapse after inconclusive election spooks shoppers
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NewsM and M Direct adds a splash of colour
Etailer M and M Direct is launching a limited edition designer Splashmac collection with the help of celebrity models.
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NewsDebenhams impresses with Danish acquisition
Analysts have reacted positively following a trip to see Debenhams’ Danish department store chain, Magasin du Nord, last week.
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NewsMohamed Al Fayed: 25 crazy years in retail
Always controversial, always eccentric and not a man to be crossed, UK retail will be a less colourful industry following Mohamed Al Fayed’s £1.5bn sale of Harrods this week.
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NewsMcCarthy group injects £2m into skincare business
A consortium of private investors led by House of Fraser chairman Don McCarthy has injected £2m into beauty clinic chain DestinationSkin to fund expansion.
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NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
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A&P posts Q4 loss of £113m
Tengelmann-controlled A&P has announced its fourth-quarter and full-year results for the 12 and 52 weeks ended February 27, 2010.Fourth-quarter net loss was $171.4m (£113.85m), up 53% compared with the net loss of $112.1m (£74.46m) a year earlier. Overall sales fell 12.9% to $2bn (£1.33bn), while like-for-like sales were down 4.8%. ...
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Delhaize Q1 revenue up 1.7%
Delhaize Group posted 1.7% revenue growth In the first quarter of 2010 at identical exchange rates.At actual exchange rates, revenue decreased 2.3% to e4.97 bn (£4.48bn), due to the weakening of the US dollar by 5.8% against the euro compared with the first quarter of 2009. Organic revenue growth was ...
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NewsEconomists expect new government to push up VAT
Top economists are expecting the new coalition government to raise VAT to 20% to help plug the gaping budget deficit.
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NewsBaugur boss Jón Ásgeir Jóhannesson accused of ‘looting’ Icelandic bank
Jón Ásgeir Jóhannesson, the owner of the now defunct Icelandic investment vehicle Baugur, has been accused of spearheading the $2bn (£1.3bn) “looting” of Icelandic bank Glitnir before its collapse in October 2008.
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NewsTesco loses to Sainsbury's in planning row
Tesco has lost out to Sainsbury’s in a ten-year planning row in Wolverhampton.
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Bim Q1 proftis up 20%
Hard discount retailer Bim reported that its net profit rose 20% in the first quarter of 2010, up to TRL66m (£28.5m), and is on track to beat its 2010 profit and turnover targets. Sales climbed 29% to TRL1.58bn (£682.69m).
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Big W launches online
Woolworths’ discount department store, Big W, has launched an online store, allowing web-based shoppers access to more than 4,000 items from its range, including 600 items that are not available in-store.
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NewsClinton Cards like-for-likes dip
Clinton Cards has reported like-for-like sales excluding VAT were 1.7% lower in the 13 weeks to May 13 than the same period the previous year.
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NewsCurrys-owner DSGi unveils 6% like-for-like advance
Currys and PC World-owner Electricals group DSGi has posted a 6% rise in like-for-like sales in its second half and secured a new revolving credit facility.
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NewsSainsbury’s profits ahead of expectations
Sainsbury’s has reported underlying pre-tax profit ahead of expectations up 17.5% to £610m in its full year results.