All City & finance articles – Page 528
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News
JJB attempts to reassure investors after shares plunge
Embattled JJB Sports has issued a holding statement to reassure investors following its share price slump and intense speculation about its future.
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News
MFI swamped by bargain-hunters after its collapse
Shoppers have flocked to MFI stores as the defunct retailer offered discounts of up to 80 per cent following its administration last week.
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News
Woolworths' 2 Entertain poised for administration
Woolworths' joint venture with BBC Worldwide, 2 Entertain, is poised to enter administration by the end of the week.
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News
Consumers delay Christmas spending until last minute
Shoppers have shifted their Christmas shopping schedules into the month of December, the latest research by GfK NOP has revealed.
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News
Game sales soften
Computer and video game retailer Game has announced robust sales growth, despite a slowing performance over the last 18 weeks.
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News
Park Group pre-tax losses narrow
Christmas hamper specialist Park Group has reduced its pre-tax losses by 17 per cent to 3.2 million in the six months to September 30.
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News
Tesco Discounter range hits UK sales
Tesco has reported UK sales growth halved in its third quarter as its Discounter range hit its performance.
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News
JD Sports Fashion like-for-like sales slow
Like-for-like sales at JD Sports Fashion have been hit by the difficult economic climate and strong comparatives from last year.
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News
Theo Paphitis confirms Woolworths talks
Theo Paphitis, owner of Ryman, said he wants to keep the Woolworths name alive and that a speedy resolution to talks on the rescue of the variety retailer is “absolutely crucial”.
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News
John Lewis sales fail to sparkle
Sales at retail bellwether John Lewis have continued to decline as confidence on the high street wanes.
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News
Barclays appoints Grant Thornton to JJB Sports
Barclays Bank has appointed Grant Thornton to advise it on JJB Sports’ future plans as the retailer revealed this morning that it has exchanged the contracts for four of its stores to Sports Direct.
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News
Land of Leather confirms interest in business
Land of Leather has confirmed that it has received a number of expressions of interest to buy its furniture retail business.
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News
Reiss sales rise as profits dip
Fashion retailer Reiss has revealed sales growth of 18 per cent to 67 million for the year to January 31.
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News
Strategic Retail losses deepen as consumer confidence dives
Strategic Retail, which owns homewares retailer Fads, has revealed pre-tax losses have worsened dramatically to 855,000 in the six months to August 30.
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Opinion
Time to work on supplier relationships
The plaudits – and the brickbats – in retail are normally taken by the chief executive, with the finance director hovering at their shoulder.
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NewsWoolworths circled by potential buyers
Potential buyers have come flooding in for both Woolworths’ stores and for the business as a whole.
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News
Gordon Brown promises help for Woolworths staff
Prime Minister Gordon Brown has vowed to provide support for Woolworths staff threatened with redundancy.
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News
Green will not bid for Moss Bros
Sir Philip Green’s Warbeck Holding Company has said it will not make an offer for Moss Bros.
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Analysis
Leasing IT systems: Up for rent?
Leasing IT systems can free up cash for retailers while still allowing them to invest and upgrade. But with banks increasingly wary of lending to the retail sector is it still an option, asks Liz Morrell.