All City & finance articles – Page 346
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AnalysisInternational analysis: Kroger blazes a trail in first quarter
Kroger continues to separate itself from the pack. The US grocer’s 4.6% gain in identical store sales in the first quarter put to shame the 0.1% decline turned in by Walmart US.
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NewsMatalan completes £492m refinancing to fund growth
Matalan has refinanced £492m worth of debt with a banking syndicate in order to fund its growth ambitions.
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NewsSports Direct's major shareholders to vote 'no' to Ashley bonus again
Sports Direct’s major shareholders are set to once again vote against the retailer’s bonus scheme that would benefit founder Mike Ashley.
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NewsBreakfast briefing: Retail news on Amazon, Morrisons, Sports Direct and business rates
Retail news round-up on June 23, 2014: Amazon to use Doddle click-and-collect service, Morrisons slashes prices again, major Sports Direct shareholder to vote no to Mike Ashley bonus scheme.
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OpinionComment: An interest rates rise will affect all retailers
The food sector is battling the harshest trading environment in its history while non-food begins to leverage a long-awaited return of consumer confidence.
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OpinionNick Bubb’s verdict: Debenhams - on a journey North to reduce promotional activity
It is easy to mock retail chief executives who talk about embarking on “a journey” but at least Debenhams’ journey to cut back on promotions has a direction and a target.
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NewsDebenhams' like-for-likes edge up following focus on full-price sales
Debenhams said its turnaround strategy is bearing fruit after like-for-like sales edged up as it launches Sports Direct and Costa coffee concessions in store.
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CartoonBlower's retail cartoon: Simon Arora cashes up as B&M floats for £2.7bn
Retail Week’s cartoonist Patrick Blower’s take on B&M’s £2.7bn flotation and the resulting financial windfall for Simon Arora.
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OpinionComment: Working with private equity partners can be beneficial for retailers
Some of retail’s outstanding success stories have come from the private equity world, says BrightHouse chief executive Leo McKee.
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NewsClothing retailer Lakeland Leather collapses into administration
Lakeland Leather, a family-owned clothing retailer based in the north of England, has collapsed into administration putting 200 jobs at risk.
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NewsSports Direct acquires 4.8% stake in newly floated MySale
Sports Direct has acquired a 4.8% stake in Sir Philip Green-backed etailer MySale and plans to use it as a platform to sell in Australasia.
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NewsBlue Inc opts for private share sale instead of IPO amid turbulent market
Fashion retailer Blue Inc has opted not to pursue an IPO and instead intends to place shares privately with new investors, it is understood.
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NewsN Brown to revamp JD Williams to attract younger-minded shopper
N Brown is vying to modernise JD Williams to become a more digitally led business and to better connect with its younger-minded customers.
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NewsN Brown like-for-likes edge up as it vies to modernise its brands
Home shopping group N Brown’s like-for-likes edged up 2.5% in its first quarter as moves to modernise its brands pay off.
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NewsGovernment rejects idea to replace business rates with a sales tax
The Government has rejected calls to replace business rates with a tax on sales, as suggested by the retail inquiry.
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NewsEarnings fall at Iceland as it invests for growth at home and abroad
Frozen food specialist Iceland has posted a fall in annual earnings as investment was made in the business.
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OpinionComment: As shares in newly listed retailers fall post-IPO, who’s selling retail?
There’s a paradox at the heart of the recent wave of IPOs: retailers are welcomed to the market, followed by a fall in share price.
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OpinionComment: Bestseller - a rising power in online retail
Scandinavia has often punched above its weight in retail and perhaps a new, less familiar name, is poised to make a big impact.
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NewsJD Sports sales boosted by the build up to the World Cup
JD Sports said it is “pleased” with its performance as the sports retailer revealed the build up to the World Cup boosted like-for-like sales.
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Analysis
Analysis: How the pre-pack administration process could be improved
In a Government commissioned review, accountant Teresa Graham made six recommendations designed to improve the sometimes controversial pre-pack administration process - a process that has been frequently used in retail.