All City & finance articles – Page 169
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NewsSears files for bankruptcy as debt pile mounts
Sears has filed for bankruptcy protection after buckling under the weight of falling sales and a $134m (£102.1m) debt payment.
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NewsSuperdry warns on profit amid ‘unseasonably’ hot weather
Superdry has warned that sluggish demand for its autumn and winter ranges is expected to “adversely impact” its bottom line.
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NewsBooths hails 'progress' as full-year losses narrow
Booths has narrowed its losses as the retailer’s bosses ramp up plans to “transform the business”.
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NewsAgenda: Asos, Footasylum, Gear4Music and grocery sales
Retail Week looks ahead to the next seven days with updates from Asos, Footasylum and Gear4Music, plus the latest grocery sales data, all on the agenda.
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NewsDecathlon drops into the red despite sales rise
Decathlon has fallen to a loss in its full-year as competition from supermarkets hampered its like-for-like sales.
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NewsBoots' fourth quarter sales fall as beauty stutters
Boots has recorded declines across its beauty and pharmacy sales, which Walgreens Boots Alliance attributed to “lower prescription volume and a decline in UK pharmacy funding”.
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NewsHamleys plunges to £12m loss as sales fall
Hamleys has swung to a full-year loss in what chief executive Ralph Cunningham described as “one of the most challenging years in UK retail history”.
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NewsCoast collapses into administration, 300 jobs at risk
Coast has tumbled into administration following “difficult trading conditions”, putting 300 jobs at risk.
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NewsN Brown sustained by financial services as product flops
N Brown was carried by its financial services performance in its half years with product revenues falling.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsTK Maxx profits drop as it ramps up store estate
TK Maxx has recorded a decline in its full-year profits as it ploughed investment into its IT proposition and bolstered its bricks-and-mortar network.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
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NewsMaplin creditors braced for huge losses
Maplin’s creditors will receive just a fraction of the cash they are owed following the electricals specialist’s collapse into administration.
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NewsTapi losses widen amid rapid store expansion
Tapi has suffered widening full-year losses as it pressed ahead with its aggressive store expansion plan.
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NewsFrench Connection sale on cards as Marks eyes exit
French Connection founder Stephen Marks is seeking to sell his 42% stake in the fashion retailer.
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NewsTesco boss Lewis urges tax on products sold online
Tesco chief executive Dave Lewis has urged a tax on products sold online to prevent bricks-and-mortar retailers being destroyed by etail competitors.
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NewsQuiz warns on profits as sales growth disappoints
Quiz, the multichannel fashion retailer that floated last year, has issued a profits warning.
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NewsAgenda: WHSmith, N Brown and retail sales
Retail Week looks ahead to the next seven days, with updates from WHSmith, N Brown and the latest BRC-KPMG retail sales data all on the agenda.
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InterviewInterview: Ray Kelvin on Ted Baker's 30th anniversary
High street darling Ted Baker turns 30 this year. In three decades it has suffered no major setbacks, never issued a profit warning and made no big redundancy rounds.
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NewsDFS profits plunge despite Sofology sales growth
DFS has reported a full-year profits slump, which outgoing boss Ian Filby attributed to “an exceptional downturn in market demand” in the fourth quarter.