All News articles – Page 1941
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Mosaic posts first-half EBITDA rise of 6 per cent
Fashion group Mosaic has reported that EBITDA in its first half to July 26 rose by 6 per cent to 33.4 million to represent 8 per cent of sales.
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Shop Direct Group axes jobs after restructuring
Up to 70 people are expected to lose their jobs at Shop Direct Group after a management restructuring.
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Argos to recruit far fewer seasonal staff this Christmas
Catalogue store group Argos will recruit 15,000 temporary staff this Christmas – a 25 per cent drop on last year’s number.
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Rosebys makes 32 redundancies
Value home furnishings retailer Rosebys has made 32 redundancies, mostly at head office, after falling into administration last week.
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Tesco plans current accounts and mortgages
Tesco is to offer current accounts and mortgages as part of its long-term plans for its personal finances division.
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NewsWoolworths to launch Store 21 fashion concessions
Woolworths is to launch Store 21 fashion concessions in 16 of its large high street stores in partnership with value fashion retailer QS.
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NewsFour retailers at Liverpool One beset by delays with opening
Four retailers due to open at Liverpool One later this year are facing delays because of complications with the redevelopment of listed buildings.
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Work kicks off on Peterborough scheme
Work is under way on Peterborough Garden Park as owner Garden Park Investments announces the signing of garden and leisure retailer Van Hage as the scheme’s anchor tenant.
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Negative retail updates soar in third quarter
Quoted retailers posted more negative updates in the third quarter than at any point in the last two years.
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H&M misses profit expectations
H&M has unveiled a lower-than-expected pretax profit and gross margin performance as it is hit by the retail downturn.
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Game Group profits soar
Game Group has revealed record pre-tax profits up 33.4 per cent to 33.3 million for the six months to July 31.
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Tesco pre-tax profits up 10 per cent
Grocery giant Tesco has revealed underlying profit before tax jumped 10.3 per cent to 1.453 billion for the 26 weeks to August 23, 2008.
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Consumer confidence down due to banking crisis
Consumer confidence levels dipped at the end of September due to the crisis in the financial markets, after having climbed at the beginning of the month, but consumers are beginning to acclimatise to the downturn according to market researchers GfK NOP.
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IBM survey: Web sites driving store sales
Some three-quarters of multichannel shoppers browse online before they buy from stores, according to a new report from technology supplier IBM.
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Leading Baugur investor files for administration
Icelandic investment business Stodir, which is controlled by Baugur executive chairman J n sgeir J hannesson and which said in July it was acquiring 39 per cent of Baugur, has filed for administration.
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House of Fraser financier nationalised
Glitnir, the Icelandic bank that played a key role in Baugur’s acquisition of House of Fraser, has been nationalised.
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Mexx hunts new chief for turnaround
Mexx is on the hunt for a new chief executive officer to help it accelerate the turnaround of its business.
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Rosebys brand name sold to parent company
The Rosebys brand name has been sold to Rosebys UK, a subsidiary of Indian-based parent company GHCL, after the retailer went into administration last week.
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Asos targets top e-tail fashion spot
Asos has set its sights on toppling Next off the top spot to become the UK’s biggest fashion web site.