All News articles – Page 2005
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News
Asda like-for-likes rise
Asda has reported a like-for-like sales hike of 6.4 per cent for the first quarter of 2008, which it attributes to increased customer footfall driven by lower prices and seasonal holidays.
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Asos to launch menswear catalogue
Online fashion retailer ASOS.com is to launch a menswear catalogue this week.
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Rising inflation deals rate blow
The annual rate of inflation leaped to 3 per cent in April, from 2.5 per cent in March, according to the Consumer Price Index (CPI).
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New Heights enters administration
Upmarket furniture retailer New Heights has collapsed into administration, the latest furniture retailer to fall victim to the tough economic climate.
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Laura Ashley takes Moss Bros stake beyond 7 per cent
Laura Ashley has boosted its stake in menswear retailer Moss Bros by buying a further 625,000 shares for 47p each, giving it more than 7 million shares in total.
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White Stuff bucks high street gloom
Casual clothing retailer White Stuff has unveiled strong sales growth in defiance of the downturn, as it seeks an investor to fuel its expansion plans.
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Carphone Warehouse exits Tiscali bid race
Carphone Warehouse has fallen out of the 550 million running to buy the UK broadband business of Italian telecoms group Tiscali, according to reports.
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West Coast seeks legal order for Tesco over Dobbies stake
Tycoon Sir Tom Hunter’s West Coast Capital investment vehicle is seeking a legal order forcing Tesco to buy its minority stake in garden centre group Dobbies.
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Tesco steps up legal row with The Guardian
Tesco has intensified its libel battle with The Guardian by demanding a front-page apology.
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Jaeger sales rocket
Luxury British fashion brand Jaeger has posted a 16 per cent rise in total sales to 82.2 million for the year to February 23. EBITDA was up 22 per cent to 6.1 million.
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April retail sales worst since 2005
UK retail sales values fell 1.5 per cent for April, compared with the same month last year, when sales were up 2.4 per cent.
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Shoppers expect to pay by fingerprint by 2015
60 per cent of the world’s shoppers believe that by 2015 they will be able to pay for shop purchases simply by scanning their fingerprints, according to research conducted by TNS.
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Travis Perkins expects slowdown
Builders’ merchant Travis Perkins has reported turnover for the 17-week period to April 26 up 3.3 per cent in its retail division.
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New Heights shuts its shops
Upmarket furniture retailer New Heights has shut all its stores, as speculation mounts about the future of the company.
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Land of Leather and chief exec Briant fined by FSA
Struggling furniture retailer Land of Leather has been fined 210,000 by the Financial Services Authority (FSA) for allowing its sales force to sell Payment Protection Insurance (PPI) on loans without monitoring or training to ensure insurance was sold fairly.
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Alpha unveils new retail identity
Alpha Airports has revealed the identity for its new tax and duty-free airport store concept.
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NewsDSGi to cut 400 head office jobs
Electricals group DSGi is poised to axe as many as 400 head office staff, as chief executive John Browett reshapes the business to put it on the road to recovery.
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NewsNet-a-Porter launches review
Internet entrepreneur Natalie Massenet is understood to be conducting a review of her fashion e-tail business Net-a-Porter.com.
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DSGi to slash store count
Electricals giant DSGi is expected to cut its dividend and announce the closure of up to 200 of its 700 stores in the first stage of new chief executive John Browett’s strategic review this week.
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Tesco named UK's most valuable retail brand
Tesco is Britain's most valuable retail brand, according to consultancy Intangible Business.