All City & finance articles – Page 158
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NewsSofa.com seeks quick sale as losses mount
Online furniture retailer Sofa.com has drafted in KPMG to find a potential buyer within weeks.
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NewsDebenhams and New Look credit ratings downgraded
Moody’s has downgraded Debenhams’ credit rating following last week’s boardroom coup and poor Christmas trading update.
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NewsPrimark sales up but like-for-likes dip
Primark sales rose 4% over the festive period but like-for-likes fell slightly.
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NewsSears chairman ‘buys chain for $5.2bn' in bankruptcy auction
Sears chairman Eddie Lampert has rescued the business after triumphing in a bankruptcy auction with a takeover bid of around $5.2bn (£4bn).
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NewsThe Works losses widen but festive sales spike
The Works losses widened in its first half but toasted a “record” Christmas as festive sales jumped.
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NewsShop Direct to focus on fashion to drive sales, says Birch
Shop Direct boss Henry Birch says the retailer’s record Christmas performance was delivered by honing the etailer’s fashion offer and sidestepping an “electricals price war”.
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NewsWilko chief operating officer and digital director exit
Wilko’s chief operating officer Sean Toal and the boss of its digital division Sean Emmett have both stepped down amid a board reshuffle, Retail Week can reveal.
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AnalysisOpinion: Debenhams' future is in Mike Ashley's hands
Mike Ashley’s spectacularly engineered coup at Debenhams’ AGM sent shockwaves through the industry at the tail end of Super Thursday.
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NewsNew Look strikes deal to slash £1.3bn debt pile
New Look has struck a debt-for-equity deal with a group of key stakeholders in a bid to shore up its balance sheet.
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NewsJD Sports targets ‘upper end’ of profit guidance
JD Sports is on track to register earnings “at the upper end” of market expectations after hailing “further significant progress” during the Christmas trading period.
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VideoWatch: What next for Debenhams after AGM coup?
Debenhams chair Sir Ian Cheshire and boss Sergio Bucher were both ousted from the retailer’s board following a dramatic AGM yesterday.
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NewsAgenda: Retailers update on Christmas trading
Retail Week looks ahead to the next seven days with Christmas updates from JD Sports, Boohoo, Primark, The Works and N Brown all on the agenda.
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NewsLidl woos shoppers with premium lines as festive sales jump
Lidl has recorded a spike in sales during the crucial Christmas trading period as its premium ranges wooed shoppers from mainstream grocery rivals.
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NewsAO.com cashes in on Black Friday with record November
AO.com has registered an increase in third-quarter sales, fuelled by its “highest sales month ever” in November.
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NewsMoss Bros hails sales progress in ‘challenging’ market
Moss Bros has toasted improvements in sales during the second half of its financial year, against what it called a “challenging consumer backdrop”.
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NewsQuiz warns on profits as festive discounting hits margins
Quiz has issued a fresh profit warning after sales during the crucial Christmas trading period fell “below expectations”.