All City & finance articles – Page 2
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NewsJD Sports reports Christmas dip against ‘volatile consumer backdrop’
JD Sports reported growth in both North America and Asia Pacific, but it was not enough to make up for slumps in the UK and Europe over the festive period.
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NewsCurrys upgrades profit outlook following ‘very strong’ Christmas
Currys has upgraded its adjusted group profit guidance, following what its chief executive described as “very strong trading over peak”.
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AnalysisLeo Quinn: The non-retail turnaround veteran charged with getting WHSmith back off the ground
The embattled travel retailer announced the appointment of turnaround veteran Leo Quinn today. Retail Week analyses what the former Balfour Beatty boss will bring to the business, and what it means for the retailer’s plans moving forward.
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NewsLiberty names ex-De Beers CFO as new finance boss
Liberty has appointed former De Beers chief financial officer Alex Pregnolato as its new finance boss, effective immediately.
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NewsProperty giant Landsec sees retail destination sales ‘outperform market’
Property investment firm Landsec has reported a strong golden quarter as sales and footfall rose and outperformed the BRC benchmarks.
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NewsFreemans’ owner canvasses buyer interest
International retail giant Otto Group is soliciting buyer interest in its Freemans online business, Retail Week can reveal.
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NewsSaks Global wins court approval for $400m rescue financing
Iconic American department store chain Saks has obtained approval from a US bankruptcy judge to draw on $400m (£299m) in new financing despite objections from its estranged business partner Amazon.
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NewsVery Group reports ‘resilient’ peak trading driven by toys, home and beauty
The Very Group has reported a “strong and resilient” festive trading period as toys, home and beauty saw the strongest sales.
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NewsAmazon set to close Milton Keynes fulfilment centre
The online retailer is due to offer workers the chance to transfer to a different site as it opens a consultation on closing what was its first UK centre
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NewsDunelm has ‘softer than anticipated’ golden quarter
The homewares retailer blames the “ongoing challenging macroeconomic environment” as it said profit before tax will now come in at the lower end of consensus expectations
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Opinion‘Are we looking at the first GLP-1 festive season in the UK?’
While supermarkets sold millions of confectionery tubs and mince pies at Christmas, growth trajectories may be permanently changing as new behaviour takes hold observes Shore Capital’s Clive Black
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NewsIconic department store group Saks files for bankruptcy protection
Saks, one of the most famous retailers in the world, has sought Chapter 11 bankruptcy protection as it seeks to establish “a strong and stable future”.
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NewsMulberry records growth across all markets as strategy starts to deliver
UK luxury fashion brand Mulberry has recorded revenue growth across all markets as its ongoing new strategy is starting to pay off.
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NewsProCook sees record peak season trading and gains in market share
Specialist kitchenware brand ProCook has recorded its best ever peak trading season as well as significant gains in market share.
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NewsFortnum & Mason beats tough market to post profit surge and strong Christmas
Food specialist Fortnum & Mason has unveiled a strong financial performance, “despite challenging times for consumers in the UK and beyond”.
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NewsThe Perfume Shop reports sale increase driven by gifts and personalisation
The Perfume Shop has reported a rise in sales over the festive period as gift sets and personalisation services were popular.
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NewsShoe Zone suffers fall in profits in challenging year
Shoe Zone has reported lower full-year profits and cautioned that the new financial year is off to a tough start.
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NewsTHG ‘finishes year on a high’ as seasonal sales climb
Health and beauty retailer THG has posted “strong” sales in the final quarter of its financial year.
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NewsHobbycraft Christmas sales rise driven by festive products
Specialist crafts retailer Hobbycraft has reported growing sales over its Christmas trading period as festive products helped drive sales.
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NewsTikTok Shop reports ‘best-performing’ Christmas trading yet
Online platform TikTok Shop has reported its best-performing Christmas trading period to date as appetite for discovery commerce continues to grow, Retail Week can reveal.