All News articles – Page 1994
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News
Tesco cautious on non-food
Tesco has reported a 3.5 per cent like-for-like sales uplift, excluding petrol, in its first quarter for its domestic market, but warned that its rate of growth for non-food has eased as consumers become more cautious.
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Boots profits soar
Alliance Boots has unveiled a strong performance in its first year as a private company.
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Bakery chain rescued in management buy-out
More than 1,500 jobs have been saved at bakery company Sayers, following a management buy-out led by Sayers chairman Sandy Birnie.
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Superdrug hires new finance director
Superdrug owner AS Watson has appointed Gill Smith as finance director for its UK health and beauty group.
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Focus finance director Hoskins resigns
Focus finance director Bill Hoskins has resigned from the business less than a year after being brought in to help save the DIY chain.
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JD like-for-likes soar
Sports and fashion retailer John David Group has announced like for like sales growth of more than 4.2 per cent in the seven weeks to May 31.
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NewsAlliance Boots to move HQ to Switzerland
Alliance Boots is to move its headquarters from the UK to Switzerland to signal that the health and beauty giant is a big international player, according to newspaper reports.
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Consumer confidence plummets
Consumer confidence has dropped to its lowest level in four years, as rising costs and fears over the property market continue to take their toll.
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Orange adds stores as it restructures UK arm
Mobile phone retailer Orange will increase store numbers by more than a fifth as part of the restructuring of its UK business.
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US union crosses pond in drive to win concessions from Tesco
One of the US’s largest unions this week came to the UK to confront Tesco.
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Furniture Village defies slowdown with record year
Furniture Village has bucked the trend in its market to post its best ever profits and volumes for last year.
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Next to ramp up sales with customer magazine launch
Next is to launch a customer magazine that it hopes will drive sales at its Directory business.
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Signet profits down 24%
US jewellery retailer Signet has painted a bleak future for its UK business after posting a 24 per cent fall in first-quarter profits.
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Flying brands: the city view
Tricia Killen, former president of Reader’s Digest for Western Europe, has her work cut out as the new chief executive of home shopping group Flying Brands.
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Morgan Stanley turns positive, but upbeat sentiment shortlived
Bullish noises from Morgan Stanley bolstered sentiment towards store groups, but food and general retailers’ shares moved little over the week.
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Time to get used to tough trading
Flaming June? Never mind June, it’s been flaming difficult for months. Bad weather and credit-crunched consumers have conspired, along with a plethora of other problems, to put much of retail into A&E.
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Kingfisher sourcing set to deliver margin gain
Kingfisher is poised to reap margin benefits from improved cross-border sourcing as it attempts to bring its French and UK operations more closely in line.
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Noukie’s to bring toy shops to UK
Belgian toy retailer and brand Noukie’s plans to open its first stores in the UK early next year.
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B&Q sets sights higher for next eco-store build
B Q will open a two-floor, 150,000 sq ft flagship eco-store in New Malden, Surrey, in November.
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Debenhams strategy pays as it builds fashion share
Debenhams chief executive Rob Templeman expects to make further gains in clothing market share this month and has defended his strategy in the face of City criticism.