All City & finance articles – Page 11
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News'Fierce competition between retailers' helped keep inflation down in June
The rate of inflation in the UK held firm in June and in line with the Bank of England’s target, according to the latest data from the Office for National Statistics (ONS).
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InterviewQ&A: Ocado boss Tim Steiner on M&S, Getir’s UK retreat and listing in New York
Ocado Group boss Tim Steiner was in high spirits this morning after the business he founded posted a strong set of results for the first half of the year.
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AnalysisWho is the new Burberry boss and can he turn around Britain’s most famous luxury label?
As the page turns to a new chapter for Burberry following the departure of boss Jonathan Akeroyd and yet another profit warning, Retail Week takes a look at his successor, Joshua Schulman, and what to expect from him.
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NewsSosandar has unveiled its first UK store locations after posting ‘robust’ results
Online fashion retailer Sosandar has revealed where it will open its first bricks-and-mortar shops as it shifts to a multichannel model.
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NewsB&M has posted a quarterly sales rise but its UK like-for-likes fall
Value general merchandise and food group B&M has reported a rise in sales, although like-for-likes fell at the core UK business.
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NewsOcado claims its ‘online shift’ has resumed as its performance improves
Tech and online grocery giant Ocado has reported “good progress” in its interim results and increased earnings guidance.
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NewsTala has raised £5m in investment as it eyes international expansion
Activewear brand Tala has secured a new round of funding as it looks to expand into international markets as the demand for athleisurewear continues to grow.
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NewsBurberry has replaced its chief executive after warning on profits
Embattled luxury retailer Burberry has ousted its chief executive Jonathan Akeroyd after warning on profits.
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AnalysisWhat to look out for in Ocado’s interim results amid its dispute with M&S
Ocado Group will hope to settle investor jitters when it publishes half-year results on Tuesday, pointing to a strong start to the year and economic green shoots – but all eyes will be on the performance of its Retail arm and the ongoing dispute with M&S
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NewsCarpetright is on the brink of administration with 2,000 jobs at risk
Carpetright is likely to be sold in a pre-pack administration as it teeters on the brink of collapse, putting around 2,000 jobs at risk.
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NewsSuperdry will delist from the London Stock Exchange next week
The delisting follows the approval of its restructuring plan by shareholders last month.
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Opinion‘Nike’s D2C woes highlight the perils of overlooking retailers and their strengths’
Cutting so many retailers out of the supply chain was a classic case of Nike cutting off its nose to spite its face, says George MacDonald
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NewsA British tycoon is nearing a deal to buy The Body Shop
A British Tycoon is said to be close to securing a deal to buy The Body Shop out of administration.
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NewsShein is launching a circularity fund as a decision on its IPO looms
Shein is launching a circularity fund as it looks to tackle fashion waste following criticisms over its supply chain and sustainability standards.
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NewsPepco revenues have dipped after supply chain disruption
Variety discount retailer Pepco has recorded a dip in like-for-like revenues as “company-specific issues” impacted sales.
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NewsHolland & Barrett sales have risen after a year of ‘excellent progress’
Holland & Barret has reported a growth in sales in all markets driven by investment in stores, technology and new product development as part of its transformation strategy.
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NewsNeptune is back in the black following a shake up of its management team
Neptune, the interiors brand chaired by former River Island CEO Will Kernan, is back in profit, Retail Week can reveal.
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NewsSuperdrug increases market share as profits and sales jump
Superdrug has grown market share for the third straight year. A focus on price and adding new stores has led to a jump in both pre-tax profits and sales.
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NewsShein tax ‘loophole’ is a concern, says new business secretary
The newly appointed business secretary has warned that the tax “loophole” being exploited by Shein is a cause for concern.
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NewsStore openings and concerts contribute to ‘strong’ first half at O2 Outlet
Outlet Shopping at The O2, previously known as Icon Outlet, has reported a “strong” first half as a result of new store openings and concerts driving footfall.