All City & finance articles – Page 526
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News
Online’s Mega Monday sales spike still to come
The key Christmas sales day for online retailers, Mega Monday, is expected to happen a week later this year.
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News
Sales finally pick up as festive rush starts
The high street has reported a much-needed uplift in sales since the beginning of December as Christmas shoppers finally loosen their purse strings.
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Opinion
Discount today, pay tomorrow
It feels like January on the high street – and not just because it’s been much colder than the typical December.
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News
Somerfield sales revive as Co-op takeover nears
Somerfield has posted a strong full-year performance as it moves into the final stage of its 1.57 billion sale to Co-operative Group.
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News
Bailiffs on alert as landlords fear for rents
An army of bailiffs has been put on standby by the UK’s largest landlords as they expect a raft of retailers will fail to have funds in their bank on Christmas Eve to meet their quarterly rent deadline on December 25.
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News
Woolworths closing down Sale threatens high street woe
The high street braced itself for the biggest closing down Sale in history as hopes of finding a buyer for Woolworths fade.
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News
John Lewis sales gather momentum
Sales at John Lewis have continued to gain momentum as shoppers flock to buy gifts, beauty and clothing.
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News
Mulberry feels economic squeeze
Luxury fashion group Mulberry has revealed like-for-likes have plunged over the past 10 weeks in line with deteriorating economic conditions.
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News
Inditex posts sales and profit rise
Fast fashion giant Inditex, owner of the Zara chain, has posted a 5 per cent increase in EBITDA to €1.54 billion ( 1.34 billion) for the first nine months of the year.
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News
HMV warns of weakening book market
HMV has reported flat first-half like-for-like sales and warned of a “marked deterioration” in the book market over the past five weeks.
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News
Banks defer JJB Sports bridging loan repayment
Banks have given beleaguered sports retailer JJB Sports some breathing space by deferring its repayment of a 20 million bridging loan from Kaupthing, which had been due to be repaid next week.
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News
Primark flagship store breaks sales records
Primark's flagship store on London's Oxford Street notched the biggest single-day sales in its history last Saturday.
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News
Ideal Shopping Direct axes jobs as sales plunge
Multichannel retailer Ideal Shopping Direct is to slash jobs by 15 per cent and will make a loss this year.
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News
Sir Geoff Mulcahy plots Woolworths comeback
Former Kingfisher boss Sir Geoff Mulcahy is in talks to take over 500 Woolworths stores and revive the brand.
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News
John Lewis online sales set to break daily record
John Lewis expects today (December 8) to be its biggest to date for online sales after notching up a record week at Johnlewis.com.
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News
Carphone Warehouse co-founder resigns after shares controversy
Carphone Warehouse co-founder David Ross has resigned after it was found he was using his shares in the retailer as security for personal loans.
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News
90% of Christmas shoppers to go online
This year 90 per cent of shoppers will turn to the internet to research and buy their Christmas gifts.
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News
John Lewis lifted by early VAT cut
John Lewis has reported strong trading on last Friday and Saturday, when it reduced prices early to reflect this Monday's VAT reduction.
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News
Virgin Group caught up in Woolworths' collapse
Sir Richard Branson's Virgin Group is reported to be embroiled in the collapse of Woolworths through the music chain it sold to the management more than a year ago.
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News
Treasury's Paul Myners: No action on retail's credit insurance woes
Financial Services Secretary Lord Myners has rejected a call for action on retailers’ credit insurance difficulties but will monitor developments.