All City & finance articles – Page 228
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AnalysisAnalysis: Grocery retailers’ festive food for thought
The crucial Christmas trading proved a strong one for food retailing, as consumer spending rose and like-for-like sales increased across the sector.
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NewsJohn Lewis chairman Mayfield defends bonus drop
John Lewis chairman Charlie Mayfield has defended the retailer’s warning that bonuses rewarded to its partners will be “significantly lower” this year.
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NewsAsos boss Beighton promises to hold prices
Asos boss Nick Beighton has vowed not to raise prices for the foreseeable future despite the rising cost of sourcing products from overseas.
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NewsM&S's Rowe: Our Black Friday snub did not harm sales
M&S boss Steve Rowe has said that his customers dislike Black Friday, and that the retailer’s Christmas trading pattern was more traditional in 2016.
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NewsBooths toasts festive performance as alcohol sales fizz
Booths has toasted climbing like-for-likes during the crucial Christmas trading period as key seasonal lines such as alcohol drove sales.
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NewsBooker sales rise amid 'solid' c-store performance
Food retailer and wholesaler Booker hailed “solid” performance from its c-store businesses as sales rose in its third quarter.
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NewsMoss Bros sales surge ahead of “challenging” year
Moss Bros recorded soaring sales in its second half as improved margins and ecommerce channels drive consumer spend.
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NewsTesco’s Lewis upbeat on profits as Christmas sales rise
Tesco boss Dave Lewis has hinted that its full-year profits could come in ahead of expectations following a jump in third-quarter sales.
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NewsJD Sports raises full-year profits outlook
JD Sports expects its full-year earnings to beat market expectations by up to 15% after continued strong trading in its second half.
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NewsMothercare UK sales edge up in golden quarter
Mothercare has reported a return to growth in its third quarter as UK shoppers and online purchases drive sales despite a ‘mixed’ international performance.
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NewsSupergroup half-year profits and Christmas sales climb
Supergroup has reported soaring sales and profits at the half-year mark following investments across its distribution network and store estate.
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NewsBreakfast briefing: Aldi, UK exports and more
Retail news round-up: Aldi plans six stores across Scotland, and Irish food exports to UK decrease
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OpinionOpinion: A Christmas turkey for Sainsbury’s food sales?
Sainsbury’s may have beaten the City’s sales expectations over Christmas, but are things as rosy in the grocer’s garden as it likes to make out?
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NewsToday in retail: Sainsbury's beats Christmas expectations
Hot on the heels of Morrisons’ stellar update yesterday, Sainsbury’s revealed Christmas also brought good tidings for its business.
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CartoonBlower’s retail cartoon: The perfect retail storm
Cartoonist Patrick Blower’s take on the power of the year ahead for retail.
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NewsChristmas 'reinforced case' for Sainsbury's Argos buy
Sainsbury’s boss Mike Coupe insists the grocer’s Christmas performance has “reinforced the case” it made to acquire Argos.
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NewsLidl hails 'successful' Christmas amid expansion drive
Lidl has hailed its “most successful” Christmas trading period and reaffirmed plans to open up to 50 new stores this year.
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NewsSainsbury's posts flat third quarter like-for-likes
Sainsbury’s has posted flat like-for-like sales during the golden quarter as its non-food offer delivered a “strong” performance.
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NewsMajestic Wine hires new chief customer officer
Majestic Wine has drafted in a new chief customer officer as it presses ahead with a drive to boost customer service and shopper loyalty.
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AnalysisAnalysis: How Morrisons delivered a Merry Christmas
Morrisons had been expected to post positive like-for-like sales during the Christmas trading period, but its consensus-busting performance took many by surprise.