All City & finance articles – Page 407
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NewsBreakfast briefing: Retail news on online grocery sales, Mothercare and Debenhams
Retail news round-up October 24, 2013: Online grocery sales to double in five European markets; Mothercare appoints group director of communications; and Debenhams hires Forward3D
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NewsArgos to unveil 'digital stores' as multichannel grows
Multichannel retailer Argos is poised to unveil a new-model store designed to reflect its shift to digital commerce.
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AnalysisAsos' full-year figures: What the analysts say
Asos today revealed pre-tax profits up 23% to £54.7m and retail sales up 40% to £753.8m for the year to August 31. Retail Week takes a look at what the analysts say.
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OpinionNick Bubb’s verdict: Marks & Spencer Food - bags of offline potential?
Even former boss Stuart Rose thinks that M&S Food needs to get online, but management think that there’s still lots to go for offline.
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OpinionComment: Bonmarché's prospects post IPO
Following Bargain Booze owner Conviviality’s successful flotation on AIM, clothing retailer Bonmarché is the next retailer likely to list on the junior market.
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NewsSports Direct profit jump shows 'strength of business model'
Sports Direct group profit jumped 19.4% to £199.8m in the nine weeks to September 29 as sales advanced 15.1% to £463.7m.
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NewsAsos profits up 23% as it invests in supersized European hub
Asos pre-tax profit grew 23% to £54.7m as it plans to step up investment including the financing of a supersized European distribution centre.
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NewsBreakfast briefing: Retail news on HMV, Tesco and Kingfisher
Retail news round-up October 22, 2013: Apple removes HMV’s new UK app from its App Store, billionaire Warren Buffett slashes investment in Tesco and Kingfisher boss Ian Cheshire predicts dynamic pricing will soon be used widely across retail.
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NewsThe Co-op faces pressure to relinquish control of bank
The Co-operative Group could relinquish its majority share in its banking arm as it faces pressure to stabilise the division.
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OpinionComment: Potential Amazon tie-up with HTC highlights the power of partnerships
It sounds like Amazon is thinking about developing a range of three smartphones with handset manufacturer HTC in the face of increased competition from both Apple and Google.
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OpinionNick Bubb’s verdict: Wickes - Not doing it for me?
A trade-focused DIY retailer such as Wickes should be cashing in on the “Do It For Me” boom, so what lies behind the weak third quarter?
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NewsDFS posts record full-year profit and grows market share
Sofas giant DFS has reported record earnings and revenues in its last full year, when it also extended its market share.
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NewsFashion retailer Bonmarché reveals IPO plans
Clothing retailer Bonmarché, which targets women aged over 50, intends to float on AIM.
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NewsWickes like-for-likes flat in third quarter due to 'challenging' market
Travis Perkins’ consumer arm, which largely comprises Wickes, recorded flat like-for-like sales in its third quarter due to the ‘challenging’ market.
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NewsMothercare UK like-for-likes down 1.9% in second quarter
Mothercare’s UK second quarter like-for-likes fell 1.9% as market competition across the home and travel categories impacted margins.
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OpinionComment: Can Christopher Bailey take Burberry to new heights?
The Burberry share price fall that greeted news of Angela Ahrendts’ departure on Tuesday showed understandable nerviness.
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NewsBurberry chief executive Angela Ahrendts departs to join Apple
Burberry chief executive Angela Ahrendts, credited with transforming the luxury retailer, is to exit after eight years to join Apple.
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NewsWHSmith boss Steve Clarke: "Our numbers speak for themselves"
New WHSmith chief executive Steve Clarke has challenged critics of the retailer’s strategy arguing that the numbers speak for themselves.
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NewsDixons pays €25m to merge Italian arm
Dixons has agreed to merge its loss-making Italian business with a local player as it looks to scale back its international arm.
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NewsWHSmith reveals full-year profit ahead of expectations
WHSmith has revealed full-year pre-tax profit ahead of expectations, increasing 6% to £108m in the year to August 31.