All City & finance articles – Page 414
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NewsJack Wills makes loss as business overhauled ahead of sale
Preppy fashion retailer Jack Wills made a £9.7m loss last year as the business was overhauled ahead of a sale or float.
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NewsModelZone administrator Deloitte to begin closing stores
Toy retailer ModelZone’s stores are to begin closing over the coming weeks after administrators failed to find a buyer for the collapsed retailer.
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OpinionComment: Business rates - The fight for rates reform continues
After the disappointment of the Budget in March this year, efforts by the retail industry to force an overhaul of the business rates regime are once again picking up momentum.
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NewsBonmarché eyes IPO just 18 months after administration
Value fashion retailer Bonmarché is reportedly gearing up to float on the stock exchange 18 months after it fell into administration.
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InterviewQ&A: We've silenced the critics, says SuperGroup boss Julian Dunkerton
As Superdry-owner SuperGroup posts a 22% surge in full year underlying pre-tax profit to £52.2m, chief executive Julian Dunkerton tells Retail Week he has silenced the retailer’s critics.
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AnalysisSuperGroup full year results: What the analysts say
SuperGroup posted a strong set of results this morning, recording a 22% hike in underlying pre-tax profit to £52.2m in the year to April 28. Retail Week finds out if the results have impressed the City.
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NewsPrimark sales surge 20% in third quarter driven by new stores and warmer weather
Primark sales surged 20% in its third quarter driven by new stores and “good” like-for-like sales growth due to the improved weather.
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AnalysisAnalysis: Online tax debate – who should pay more?
The idea of an etail-only tax has divided the industry. Could it work or is more tax a bad thing for everyone?
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OpinionComment: Marks & Spencer's focus turns to autumn fashion range
Investors are likely to press the pause button on Marks & Spencer for the time being. The retailer’s first-quarter statement came in much as expected.
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AnalysisHalfords first quarter: What the analysts say
Halfords has posted a 7.5% rise in like-for-like sales for the first quarter. Retail Week rounds up analysts’ thoughts on the cycling and car parts retailer’s performance.
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NewsBurberry like-for-likes rise 13% despite 'soft' footfall
Burberry like-for-like sales jumped 13% in its first quarter due to the “exceptional performance” of its spring fashion range.
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NewsH Samuel owner Signet UK chief executive Rob Anderson to exit
H Samuel owner Signet’s UK chief executive Rob Anderson is to exit the jeweller and commercial director Sebastian Hobbs will take the reins.
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Analysis
Marks & Spencer's first quarter: What the analysts say
Marks & Spencer has today reported a 0.3% rise in like-for-like sales for the 13 weeks to June 29. Retail Week summarises what the analysts say about the performance.
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NewsMarks & Spencer like-for-likes up 0.3% driven by food business
Marks & Spencer has recorded a 0.3% rise in like-for-like sales in its first quarter driven by food, while general merchandise made some progress.
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NewsAppliances Online gears up for stock market float
Online specialist Appliances Online is considering an IPO and is scheduled to hold talks with advisors over the coming weeks.
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NewsTesco pays Leahy £8.5m since retirement as his legacy comes under fire
Former Tesco chief executive Sir Terry Leahy has taken home almost £8.5m in performance-based payouts since his departure.
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OpinionComment: Tesco continues to innovate with new projects
With news out this week that Tesco is to launch a wine brand which will be created by consumers, the supermarket giant looks likely to set a new benchmark for customer engagement.
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NewsBeales reports 'credible' first-half performance despite loss
Beales has recorded an operating profit of £145,000 but exceptional costs of £479,000 dragged this figure down to an operating loss of £334,000.
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NewsDunelm like-for-likes up 1.7% after fall in its final quarter
Dunelm has revealed like-for-likes up 1.7% in its full year but sales fell in the final quarter because of the unseasonable weather.
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OpinionComment: Was Lord MacLaurin’s criticism of Sir Terry Leahy fair?
It wasn’t quite a regicide, but former Tesco boss Lord MacLaurin’s criticisms of his successor Sir Terry Leahy prompted sharp intakes of breath - and some applause - at the grocer’s AGM last week.