All City & finance articles – Page 402
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Analysis
French Connection: What the analysts say
French Connection has revealed a plan to turnaround its fortunes after reporting a pre-tax loss of £6.3m for the six months to the end of July 31. Unimpressed analysts are not expecting a quick return to profit.
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News
Irish group vies to buy JJB Sports
An Irish conglomerate has entered the race to take control of up-for-sale retailer JJB Sports.
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News
French Connection plunges into the red as it reveals turnaround initiatives
French Connection plunged in to the red in the six months to July 31 as the retailer revealed the outcome of its strategic review.
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News
Asos reveals UK sales jump
Asos UK sales increased 15% to £49.9m over the three months to August 31.
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News
JD Sports to roll out new Blacks format as it mulls Millets' future
JD Sports Fashion is set to roll out a new store format for Blacks as part of its turnaround plan, which is likely to see sister brand Millets leave the high street.
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News
Debenhams invests in womenswear push as it grabs share
Debenhams is investing in womenswear as gains in the category drove a sales uplift in its final quarter.
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Analysis
Debenhams: What the analysts say
Debenhams surprised the City by continuing to report like-for-like sales growth despite the volatile trading conditions. However, the department store chain has left analysts questioning why profit forecasts have not been raised.
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Analysis
JD Sports: What the analysts say
As expected JD Sports Fashion has reported a pre-tax loss as its battles to turnaround outdoor chain Blacks and absorbs costs from other acquisitions. The City remains confident that it will hit its full year forecasts.
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News
JD Sports' profits hit by Blacks loss
JD Sports has reported a 1.1% increase in like-for-likes for the first half but, as it advised at its last results, the sportswear retailer’s operating profit was dragged down by a £10m loss at the newly-acquired Blacks business.
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News
Debenhams forecasts profits rise as like-for-likes grow
Debenhams has reported “strong” like-for-like growth in the last year and pre-tax profit is expected to be up.
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Opinion
Comment: Should we be doing more to fight crippling business rates?
It’s September again. A notable month, not just because of my birthday (all gifts gratefully accepted) but because it’s when the powers that be set the figure by which business rates will be increased next year.
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News
SuperGroup pay awards under scrutiny from investors
SuperGroup is set to become the latest retailer to face a shareholder rebellion over director pay.
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News
JJB deal close but many stores likely to shut
Sports Direct is expected to acquire up to half of rival JJB’s 180 stores this week. The deal is likely to lead to the closure of the rest of JJB Sports’ business and a large number of job losses among JJB’s 3,000 staff.
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Analysis
Home Retail: What the analysts say
Home Retail has stablished like-for-like sales at Argos but as Homebase remains challenging, analysts are concerned that the retailer group’s issues are structural rather than cyclical.
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Analysis
Next: What the analysts say
Next has reported a rise in profits for the half to July despite a fall in like-for-likes due to an “unusually quiet” August and September. The City has issued a cautious response but has confidence in the retailer’s multi-channel strategy.
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Analysis
Dunelm: What the analysts say
Value homewares chain Dunelm reported another set of positive full year results this morning as pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June. The City was not disappointed.
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News
Dunelm full-year profits soar as wet weather lifts sales
Value homewares retailer Dunelm’s pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June, 2012.
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News
Tablets and e-readers drive Argos like-for-likes up 1.4%
Like-for-likes at catalogue retailer Argos rose 1.4% in the 13 weeks to September 1 and parent Home Retail expects group full-year profits to be in line with expectations.
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News
Next reports rise in profits despite like-for-like decline
Next recorded an increase in sales and profits despite a fall in like-for-like sales in the first half.
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News
JJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.