All News articles – Page 968
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NewsSainsbury's cuts thousands of prices and focuses Brand Match on Asda
Sainsbury’s is lowering the prices of products across grocery, in the first move on price that new boss Mike Coupe has made since taking over.
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NewsPowaTag app enables sales direct from Facebook, Twitter and Instagram
Mobile technology business PowaTag has updated its software to enable shoppers to buy directly from social media.
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NewsValue retailer Hema launches ecomm site but admits it won't turn profit
Dutch value retailer Hema has launched its transactional UK website but its boss has said he does not expect it to generate a profit.
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NewsTesco executives could be hauled before MPs over profit error
Tesco executives could be questioned by MPs about its overstated profit forecast, chairman of the Parliamentary Business Committee Adrian Bailey said.
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NewsSainsbury’s axes Tesco from Brand Match and targets Asda as “value benchmark"
Sainsbury’s is to remove Tesco from its Brand March price comparison scheme from next month as it targets its efforts against Asda instead.
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NewsCalzedonia signs Brighton deal for first store outside of London
Calzedonia, the Italian swimwear and hosiery brand, has signed for a store in Brighton, its first outside of London.
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NewsZara profits fall by a third as it invests in stores and supply chain
Zara’s profits fell by a third last year in its UK business as it invested in store refits and its supply chain.
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NewsRetail sales well above average in September despite grocery fall, says CBI
Retail sales were well above average for the time of year in September as department stores and furniture retailers performed strongly, according to the CBI
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NewsTesco turmoil may hit Christmas trading, City analysts fear
Tesco’s difficulties following Monday’s revelation of a £250m profit forecast overstatement may hit Christmas trading, City analysts fear.
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NewsSports Direct takes £43m put option on Tesco as leading investor cuts stake
Billionaire retail tycoon Mike Ashley’s Sports Direct has agreed a put option covering 23 million shares in troubled grocer Tesco.
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NewsBreakfast briefing: Retail news on Tesco, Zara and Dixons Carphone
Retail news round-up on September 25, 2014: Leading Tesco investor sells shares; Zara’s UK profits fall; Dixons Carphone appoints marketing communications director
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NewsTesco warned it must address damaging company culture
Tesco must address an oppressive company culture that is damaging its business, a source closely connected to the grocer’s leadership team has told Retail Week.
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NewsFeelunique hires former Fragrance Shop MD in new commercial director role
Feelunique.com has appointed former Fragrance Shop managing director Nigel Lawmon in the newly-created role of commercial director.
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NewsDreams forecasts return to profit as it eyes brand extensions
Dreams is confident it can turn a profit this financial year after reporting a loss in its most recent trading period.
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NewsHouse of Fraser first-half EBITDA grows as online and own brand power sales
House of Fraser adjusted EBITDA rose from £7.5m to £8.6m in its first half as online and own-brand growth drove a 4.2% uplift in like-for-likes.
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NewsSerious Fraud Office keeps eye on Tesco as other grocers warned over accounting practices
The Serious Fraud Office is following events at Tesco closely as Sainsbury’s and Morrisons have been warned by auditors that they could be at risk of an accounting fiasco.
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NewsLakeland 'disappointed' as annual profits halve to £3m after investment
Lakeland has reported a “disappointing” set of results as its profits for the year halved after it invested heavily and cut prices.
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NewsTopps Tiles expects annual pre-tax profit to surge 30%
Topps Tiles expects pre-tax profit to have surged 30% in the current financial year owing to its “relentless” focus on growing market share.
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NewsBreakfast briefing: Retail news on Tesco
Retail news round-up on September 24, 2014: Tesco departing finance chief ‘absent’ since April; Auditors warn Tesco’s rivals of accounting fiasco.
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NewsDixons Carphone hits out at PwC claims of limited interest in Phones 4u stores
Dixons Carphone said it is “surprised and disappointed” that Phones 4u’s administrator PwC said there was “limited interest” in the collapsed phone retailer’s stores.