All News articles – Page 875
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NewsLive blog: Reaction to Sainsbury's full-year results – a £72m statutory loss
Follow our live blog for the latest updates and reaction to the news that Sainsbury’s has slumped to a £72m statutory loss, its first for a decade.
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NewsSainsbury's finance boss says 3% grocery margins will be the new norm
Sainsbury’s chief financial officer John Rogers believes margins in the grocery sector will “stabilise” at around 3% in the next few years.
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NewsBoohoo full-year pre-tax profits up despite discounting at rivals
Fashion etailer Boohoo has reported that its pre-tax profits rose 3% at actual exchange rates to £11.1m in the year to February 28.
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NewsPoundland triggers full CMA probe over bid to acquire 99p Stores
Poundland has confirmed it will push ahead with its bid to acquire 99p Stores, triggering a full ‘phase II’ probe by the Competition and Markets Authority (CMA).
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NewsSainsbury's hit by £72m loss but Coupe hails 'encouraging signs' of growth
Sainsbury’s has slumped to a £72m statutory loss, its first for a decade, as the supermarket giant’s sales dropped amid a relentless price war.
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NewsBreakfast Briefing: Retail news on Tesco, Jaeger and House of Fraser
Retail news round-up on May 6, 2015: Two more non-exec directors to leave Tesco; Jaeger ex-owner criticises new management; House of Fraser stocks sports hijabs.
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NewsRetailers to receive £80m boost from birth of royal baby Princess Charlotte
Retailers will receive a £80m spending boost from the birth of Princess Charlotte as consumers splash out on souvenirs, food and drink.
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NewsTesco's audit committee chairman Ken Hanna to stand down in June
The chairman of Tesco’s audit committee, Ken Hanna, will leave the supermarket giant this summer as its board shake-up continues.
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NewsTopshop and Iceland sign up to expanded Visa mobile payments service
Retailers including Topshop, Iceland and Bathstore will introduce mobile payments from Visa after the firm ramped up the reach of its digital wallet.
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NewsTesco rejects £4bn bid for South Korean stores from US private equity giant
Tesco has rejected a £4bn offer for its South Korean assets from an American private equity firm, it is understood.
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NewsSafeway prepares for flotation three months after being taken private
US grocer Safeway is preparing for a stock market flotation later in the year, only three months after it was taken private.
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NewsUS retailer RadioShack prepares to sell off data on 67 million shoppers
US electricals giant RadioShack is preparing to sell off data on millions of its customers as part of bankruptcy proceedings.
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NewsLidl to embark on expansion push in Italy with wave of store openings
Lidl owner Schwarz Group has ambitious expansion plans for the discount grocer in Italy through a wave of investment and store openings.
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NewsSainsbury’s boss Coupe’s legal wrangle to drag on after second adjournment
The Egyptian legal saga involving Sainsbury’s boss Mike Coupe will drag on after a court hearing to appeal his conviction was adjourned for a second time on Sunday.
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NewsRetailers need to wean UK shoppers off their diet of discounts, says report
Retailers need to shift customers off discounts to improve margin and trust, according to a white paper produced by KPMG and Ipsos
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NewsLeahy investment firm in talks with Chinese backers to buy New Look
The investment firm that employs former Tesco boss Sir Terry Leahy is in talks with Chinese backers to make a bid for New Look
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NewsRoyal baby to boost profits for London's West End retailers
The birth of the Princess is likely to boost West End retailers’ profits as tourists visit the capital
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NewsBreakfast Briefing: Retail News on Evans Cycles, Amazon, New Look and more
Retail news round-up on May 5, 2015: Evans Cycles sold to ECI, Amazon hikes minimum spend for free delivery, investment firm CD&R circles New Look, and more…
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NewsRetail Diary: Intu puts fun into shopping but its gnome joke for B&Q
Intu hires a head of fun at the Metrocentre, B&Q’s gnome leaders battle to take control of the garden party and James Corden’s carpool karaoke drives spike in sales of dashboard cameras.
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NewsEvans Cycles new owner eyes more stores beyond its south-east heartland
Evans Cycles new owner ECI said it was attracted by the bike retailer’s strong multi-channel offering and is mulling more stores beyond its south-east stronghold.