All City & finance articles – Page 241
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News
Forecourt retail giants merge and name ex-Asda boss DeNunzio chairman
Forecourts operator Euro Garages is to merge with continental counterpart EFR and has drafted in former Asda boss Tony DeNunzio as chairman.
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News
ScS back in the black as profits spurred by strong sales
ScS has reported a return to profit as the retailer eyes further bricks-and-mortar expansion and sales at its House of Fraser concessions increase.
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News
Liam Gallagher’s Pretty Green reports soaring profits and sales
Menswear retailer Pretty Green’s full-year sales and profits rocketed in the year to September 30, 2015 and trading in 2016 has also been positive.
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News
Woolworths mulls selling petrol station chain as it refocuses on grocery
Australian grocer Woolworths is considering selling its petrol station forecourt business in a move that could net it A$1.5bn (£890m).
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News
Cath Kidston sold to private equity group Baring Asia as chairman steps down
Lifestyle retailer Cath Kidston has been sold to private equity firm Baring Asia, and Asian expansion is at the top of the agenda.
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Opinion
Opinion: impact of the national living wage six months on
The introduction of the national living wage in April does not appear to have stifled the retail sector – at least not yet.
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News
Wiggle sales rise but profits punctured by currency headwinds
Sports etailer Wiggle has reported rising sales in its last full-year but profits were hit as it was affected by currency movements.
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News
Lakeland cooks up sales growth but pre-tax profits slump
Lakeland has posted a 40% decline in full-year pre-tax profits as the cost of expanding its warehouse in Cumbria offset growing sales.
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News
Jack Wills sold to Liberty owner BlueGem as full-year profits tumble
Jack Wills founder Peter Williams has joined forces with Liberty department store owner BlueGem to acquire the fashion chain.
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News
Tesco faces £150m claim from shareholders after accounting scandal
Tesco is facing legal action from a group of 60 shareholders who claim to have lost £150m following the grocer’s accounting scandal.
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Opinion
Opinion: Tesco has momentum but faces a pension-shaped reality check
If there was a chance of Tesco investors or its executive team getting carried away with recent momentum, this week could provide a reality check.
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Opinion
Nick Bubb on Andy Street’s John Lewis legacy – sales good, profits bad?
Andy Street has been a brilliant and energetic leader of the John Lewis Partnership, but how strong will his legacy be?
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News
Brexit not deterring shoppers but household finances under pressure
The outcome of June’s referendum to leave the EU and the weakened pound has not yet had an impact on shopping behaviour, according to figures.
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News
H&M third-quarter profits hit by discounting and higher sourcing costs
H&M said its third-quarter profits were dented by increased discounting and higher purchasing costs triggered by a strong US dollar.
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News
HMV posts pre-tax loss as physical music and film sales slump
HMV has posted a full-year pre-tax loss of £8.8m after sales of physical CDs, films and games continued their decline.
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Video
The Retail Week: Sainsbury's sales fall, BHS.com and Tesco's half years
The team sit down to discuss the week’s news including Sainsbury’s second-quarter results, a new BHS and a look ahead to Tesco’s results.
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News
Agenda: Tesco, DFS, ScS and Dunelm post financial updates
Retail Week looks ahead to the next seven days in the industry with updates from Tesco, ScS, DFS and Dunelm all on the agenda.
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News
East chief executive quits as owners Fabindia sell 80% stake
East boss Suzi Spink has quit the fashion retailer in the wake of its owners selling an 80% stake to a New York based investor.
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Opinion
Opinion: It is time to end the tyranny of fashion seasons
Many apparel retailers still operate according to the traditional seasons. The trouble is, the weather often refuses to follow suit.
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Analysis
Analysis: How Moss Bros is getting trade right in a tough market
Menswear retailer Moss Bros posted stellar interim results on Wednesday, with like-for-like sales up 4.9% and pre-tax profits soaring 30%.