All City & finance articles – Page 433
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OpinionComment: Hamleys deal opens the door to overseas growth
This week’s acquisition of Hamleys, which famously describes itself as the “finest toy shop in the world”, paves the way for the retailer to test that claim on a truly global scale.
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NewsKPMG promotes David McCorquodale to head of retail
Accountancy firm KPMG has promoted David McCorquodale to UK head of retail to replace Helen Dickinson, who is leaving to join the British Retail Consortium.
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NewsMoss Bros like-for-likes up 5.7% as profits stabilise
Like-for-like sales at Moss Bros rose 5.7% in the first half of the year while pre-tax profit remained stable.
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NewsOcado third-quarter sales up 10%
Sales at Ocado grew 9.9% year on year to £162.6m in the third quarter as the rate of sales growth slowed, as the online grocer battled the negative impact of the Olympics.
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AnalysisAnalysis: Lessons from the September reporting season
A raft of retailers ranging from John Lewis to Argos and spanning food to homewares updated last week. Retail Week examines the picture they paint of retail conditions.
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OpinionComment: Uphill slog to get Blacks in shape
The 80% plunge in first-half profits at JD Sports, mainly attributable to recently acquired outdoor specialist Blacks, looks pretty awful at face value.
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NewsRiver Island takes profit hit to keep prices sharp
River Island pre-tax profits tumbled 25% to £86.9m last year as the fashion retailer absorbed higher costs, rather than pass them on to consumers, and invested in the business.
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NewsFrench Connection turnaround plan to take two years
French Connection expects to break even by the end of its financial year 2014/ 2015 after this morning revealing a series of measures aimed at turning the struggling business around.
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OpinionNick Bubb's verdict: Asos - a super online story
The old adage of caveat emptor (“let the buyer beware”) sprang immediately to mind when the Bestseller Group began to aggressively build a stake in Asos just over two years ago.
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NewsEuan Sutherland joins Kingfisher board
Kingfisher chief operating officer Euan Sutherland has joined the retailer’s board.
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AnalysisFrench 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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NewsIrish 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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NewsFrench 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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NewsAsos reveals UK sales jump
Asos UK sales increased 15% to £49.9m over the three months to August 31.
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NewsJD 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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NewsDebenhams 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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AnalysisDebenhams: 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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AnalysisJD 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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NewsJD 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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NewsDebenhams 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.