All News articles – Page 1895
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CD and DVD sales continue to beat downloads
DVD and CD sales continue to outperform the growing download market, according to research released today.
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Thorntons reports dip in like-for-likes
Thorntons has reported a dip in like-for-like sales of 6.6 per cent for the 12 weeks to December 27.
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Woolworths' biggest shareholder criticises closure
Woolworths’ largest shareholder has branded yesterday’s closure of the chain as “unnecessary” and lambasted the retailer’s management and administrator Deloitte for allowing it to fail.
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Alexon profit forecasts ahead of management expectations
Fashion group Alexon has said that it expects full-year operating profit to exceed management expectations after a robust performance in December.
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Weak boardwear performance to hit Blacks Leisure profits
Blacks Leisure, the outdoor clothing and equipment specialist, has warned that operating profits will not meet market expectations because of its underperforming boardwear division.
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Marks & Spencer sales fall; job cuts and store closures planned
Marks & Spencer has reported a like-for-like sales decline of 7.1 per cent in the 13 weeks to December 27, and announced plans to cut more than 1,200 jobs and close 27 stores.
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Ocado celebrates record Christmas
Online retailer Ocado has reported its best Christmas to date with year-on-year sales growth up 25 per cent in the four weeks to January 3.
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Republic heads for record year after strong Christmas
Republic has been buoyed by a more recession resistant young fashion market to report strong sales growth over Christmas as it guns for a record year.
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The Co-operative Group reports strong Christmas
The Co-operative Group has reported a strong Christmas performance in its food stores with like for like sales, excluding petrol, for the three weeks to 3 January up 6 per cent.
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High street voids 'to reach record levels'
Vacancy rates on the UK high street will reach record levels by the end of 2009, according to research published today.
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Carpetright eyes up rivals
Carpetright has laid out medium term growth plans which will include acquisitions in a year’s time.
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Woolworths closes final stores
Woolworths will bring down the shutters for the last time on January 6 as the final group of stores close.
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Waitrose reports buoyant new year trading
Grocer Waitrose reported a buoyant week of trading over the new year with like for like food sales up 4.7 per cent for the week ending 3 January.
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New Look reports sparkling Christmas
New Look has bucked the retail gloom to reveal a robust performance over the festive period.
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Ipswich in line for £50m centre
Ipswich Borough Council has given planning permission for a 50 million mixed-use scheme in the town centre.
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More retail for Canary Wharf in Crossrail plans
Plans for the development of 100,000 sq ft (9,290 sq m) of retail space at Canary Wharf have been given the go-ahead as part of the capital’s Crossrail project.
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Tesco hits back at rivals with £100 million of price cuts
Tesco has today hit back at rival Asda’s price cuts with an investment of 100 million this month on a combination of permanent price cuts and promotions on more than 3,000 products.
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EBTM issues profit warning and considers disposal of group
EBTM, the music-inspired online fashion retailer, has issued a profit warning for the year to April 2009, and is considering a disposal of all or part of the group as it suffers in the downturn.
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Dunelm gains market share while like-for-likes drop
Homewares retailer Dunelm has revealed its like-for-likes dropped 5.6 per cent in the 26 weeks to December 27, 2008, and said it is in “very robust shape” to weather the downturn.
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Marks and Spencer 'to cut 1,000 jobs'
Marks & Spencer is to shed nearly 1,000 employees in stores and several hundred at head office and support functions after disastrous Christmas trading, according to a national newspaper.