All City & finance articles – Page 4
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Opinion‘Next’s membership of retail’s billion club is likely to be longer-lived than some’
Big-name retailers have made profits of £1bn only to fade afterward. Next looks likely to beat that trend, argues George MacDonald
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NewsNext is predicting profit of £1bn as cold weather drives sales
Fashion giant Next has reported a rise in sales for the third quarter and upped its profit guidance for the full year to more than £1bn.
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NewsMajestic Wine has launched a rapid delivery partnership with Just Eat
Majestic Wine has launched a rapid delivery partnership with Just Eat allowing customers to order beers, wines, and spirits in as little as 30 minutes.
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NewsJollyes is bolstering its leadership team with Tesco and Sainsbury’s directors
Jollyes has brought a new chief operating officer onto its board and added three new directors to its senior leadership team as it prepares for more growth next year.
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NewsAdidas reports double-digit revenue growth
Global sportswear giant Adidas has recorded a double-digit growth in revenue driven by strong momentum across the underlying Adidas business.
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NewsNew Look’s losses have lessened despite sales dip in full year
Fashion retailer New Look’s losses have lessened despite a decline in revenue for the full year as “tough trading” continued to bite.
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Innovation of the WeekPets at Home has partnered with Microsoft to implement AI for profit protection
Innovation of the Week is a series highlighting retail initiatives that have caught the eye of our team.
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AnalysisShareholder shootout: the key players in the looming battle for control of Boohoo
As the behind the scenes boardroom battle for control of fallen fast fashion giant Boohoo breaks out into the open, Retail Week looks at the major shareholders and how they may decide the fate of the retailer
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NewsWhite Stuff has been bought by The Foschini Group
Fashion retailer White Stuff has been acquired by The Foschini Group, which owns retailers such as Whistles, Phase Eight and Hobbs.
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NewsBoohoo has set out its view on Frasers’ bid to set new direction
Fashion retailer Boohoo has issued a response to Frasers Group’s attempt to shape the business, including a demand that Mike Ashley be installed as chief executive.
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NewsDunelm has grown sales again as shoppers seek cheap home improvements
Dunelm saw sales climb yet again during the first quarter of its financial year as shoppers sought out budget-friendly ways to brighten up their homes.
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NewsVinted has secured secondary investment at a valuation of over £4bn
Lithuanian secondhand marketplace Vinted has secured a secondary investment of €340m (£283m) at a valuation of €5bn (£4.17bn).
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NewsWhistles owner is planning a deal to acquire White Stuff
The owner of Whistles and Phase Eight is in advanced talks to buy high street fashion retailer White Stuff.
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NewsVery Group records ‘resilient’ performance as profit grows but revenue dips
The Very Group has reported a “resilient” performance for the full year as revenue saw a slight dip and operating profit grew.
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NewsFrasers pulls plug on Mulberry takeover bid over governance concerns
Frasers has announced that it does not intend to make a revised offer for taking over Mulberry, citing increasing governance issues and the “apparent lack of a commercial plan against a backdrop of increasing market headwinds”.
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NewsL’Oréal sales increase driven by growth in all divisions
L’Oréal posted sales growth in the nine months to September 2024, which was “well-balanced between value and volume” driven sales despite multiple turbulences in the third quarter.
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NewsVirgin Wines boss credits ‘really encouraging’ performance of value brand for return to profitability
Virgin Wines boss Jay Wright has credited the “really encouraging” performance of Warehouse Wines for the retailer’s return to profitability.
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NewsWickes sales rise driven by volume and market share growth
Wickes has reported a rise in sales as it “successfully” grew volumes and market share in the 13 weeks to September 2024.
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NewsHalfords posts flat sales as consumer outlook remains uncertain
Cycling and motoring specialist Halfords has reported flat sales for the 26 weeks ending September 2024 as “consumers remain cautious in their discretionary spending”.
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Opinion‘It will take more than delisting and taking the business private to transform N Brown’
N Brown is the latest retailer to go private. Whether it could have pursued a successful strategy as a public company may be a moot point, but changing the ownership structure alone won’t be enough to save it, says George MacDonald