All City & finance articles – Page 521
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News
Gamestation consults staff ahead of central office merger
Game has begun a consultation process with 80 of its Gamestation staff at its head office in York as it realigns its management across the group.
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News
WHSmith maintains margins in challenging trading conditions
WHSmith's like-for-like sales fell 5 per cent in the 20 weeks to January 17 but it has continued to maintain strong gross margins across the business.
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News
Stylo's future uncertain as it suspends shares
Shares in shoe retailer Stylo have been suspended as it explores options for the future of the business.
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News
Sofa Workshop sinks into administration
Sofa Workshop has plunged into administration, after last-ditch attempts to save the business failed.
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News
UK in recession as ONS reports December retail sales value fall
The UK plunged into recession for the first time since the early 1990s, official figures confirmed this morning.
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News
Insurance rescue plan falls short, claims BRC
Government plans to shore up businesses hit by the withdrawal of credit insurance cover should go further, say retailers.
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Opinion
VAT cut is not optional
It’s been a good week to bury bad news. So retailers ought to be grateful that on the day Barack Obama was inaugurated, a curious statistic was tucked away at the back of the ONS’s inflation report.
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News
Sainsbury’s head office jobs to go in shake-up
Sainsbury’s has restructured its head office central support teams in a move that could lead to up to 300 jobs being axed.
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Opinion
Electricals war is yet to be won
There’s little sign of a surge for electricals retailers this year.
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News
Overseas growth expansion to drive N Brown growth
Home shopping group N Brown has pushed the button on international expansion and hopes to generate 10 per cent of sales from overseas.
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Opinion
John Richards: Think it's bad? You've seen nothing yet
Plan for lower sales in 2009 and 2010 and you won’t suffer too many unpleasant shocks. The severity of the financial crunch and the excesses that led to it mean that the adjustment process must not only be painful but protracted.
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News
Retail stocks rally, but analysts warn it's too soon for optimism
Sighs of relief that retailers’ Christmas performance was no worse than feared have helped store stocks rally in the new year, but some analysts fear optimism may be premature.
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News
Sainsbury’s could suffer as price wars hit margins, analyst warns
Aggressive grocery promotions threaten food retailers’ margins, broker Blue Oar warned after conducting a price survey.
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News
Alchemy's Jon Moulton warns of defaults
One third of companies controlled by UK mid-market private equity groups may default on their debts, a leading private equity chief has warned.
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News
540 jobs under threat as Burberry cuts costs
Burberry is to cut up to 540 jobs, the fashion retailer said as it revealed like-for-like store sales were down 3 per cent in the last three months of 2008.
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News
JJB Sports loan deferment costs £8.3m
Struggling sportswear chain JJB Sports has confirmed that its agreement with its banks to defer loan payments has cost 8.3m.
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News
Matalan outperforms at Christmas
Discount retailer Matalan has bucked the gloom to post a 5.9 per cent like-for-like increase in sales over Christmas.
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News
Selfridges' profits to climb after Christmas sales rise
Department store business Selfridges notched up like-for-like growth of 5 per cent in December.
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News
Asos sales soar
Fashion e-tailer Asos has enjoyed another bumper Christmas with sales in the nine weeks to January 16 up 118 per cent year on year.
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Opinion
Economies are always cyclical
Retailers are finally learning that a long-term view is still important in times of recession.