All News articles – Page 1766
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NewsMothercare buys remaining 50% of Gurgle.com
Last week Mothercare announced that it has bought the remaining 50% of social networking site Gurgle, just as HMV announced that it is closing its networking site GetCloser.
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NewsDunelm to double openings in 2010 but remains cautious
Dunelm chief executive Will Adderley said the value homewares retailer intends to double store openings over the next year compared with last.
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NewsRepublic guns to break £200m sales barrier
Branded young-fashion retailer Republic wants to increase sales by a third this year to push past the £200m barrier.
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Dollar General reports net sales of $2.9bn
Discount chain Dollar General has reported net sales of $2.9bn (£1.74bn) for its second quarter ending July 31, an 11.2% increase. Same-store sales increased 8.6%.The company reported net income for the quarter of $93.6m (£56.1m), a jump of 237.7%.“The results of our efforts to help customers save time and money ...
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Talbots posts £12.3m net loss
AEON-owned Talbots posted a $20.5m (£12.3m) net loss from continuing operations for the quarter ended August 1, compared with last year’s loss of $12m (£7.2m).Net sales for the quarter were $304.6m (£182.5m), compared with $395.2m (£236.7m) last year. Talbots president and chief executive Trudy Sullivan said: “We are beginning to ...
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NewsSainsbury's confirms David Tyler as chairman
Sainsbury’s has confirmed that David Tyler has been appointed as non-executive chairman.
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NewsSelfridges Christmas sales soar
Selfridges has revealed soaring sales in its Christmas and toy departments in the run up to the festive period.
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NewsEBay petitions the EU over competition laws
EBay has taken its petition to stop brands restricting sales on its site to the European Union.
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NewsRetail sales flat between July and August, ONS says
Retail sales remained flat between July and August, according to the Office for National Statistics.
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NewsBurberry to launch social networking site
Luxury fashion retailer Burberry is to launch a social networking site next month as it seeks to forge closer relationships with customers and attract new shoppers.
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NewsFrench Connection posts loss
French Connection has revealed interim losses which forced it to close its Northern European retail division and make staff cuts to bolster profitability.
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NewsJohn Lewis Partnership profits fall, despite Waitrose's strength
The John Lewis Partnership has posted a 19.6% slide in half-year profits, despite a resurgent performance from its Waitrose supermarket chain.
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NewsKingfisher profits climb
B&Q owner Kingfisher reported that measures to improve its UK and Ireland business were paying off after it reported a 35% rise in half-year profits.
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NewsTesco turns to Inovis for supplier support
Tesco has appointed Inovis to help it get its thousands of grocery and non-food suppliers up to speed with the electronic trading system it wants them to use.
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NewsOcado appoints investment banker as new FD
Ocado has appointed seasoned investment banker Andrew Bracey as its chief financial officer, fuelling speculation it is gearing up for an IPO.
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NewsInditex net income drops but sales remain strong
Fashion giant Inditex has reported an 8% drop in net income in its first half, but grew sales strongly.
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NewsHints of Scottish retail optimism
The Scottish Retail Consortium said it sees “hints of optimism” in the high street after sector like-for-like sales rose 0.8% in August, compared with a year earlier.
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NewsRetailers urge EU caution over Sri Lanka
UK retailers are calling on the European Commission not to penalise Sri Lankan workers or British shoppers in a human rights row.
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NewsNext raises annual earnings forecast
Fashion retailer Next has raised its annual earnings forecast after delivering a 6.9% rise in first-half pre-tax profit to £185.5m.
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NewsGrocery data divides opinion on Clubcard 2 impact on Tesco
The latest market data from analysts TNS Worldpanel and Nielsen gave a contrasting picture of the impact of Tesco’s Clubcard 2 double loyalty points launch in August.