All City & finance articles – Page 53
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NewsCard Factory upgrades profit outlook as sales climb
Card Factory has raised its profit forecast for the full year following “stronger than expected” sales.
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AnalysisStrategy spotlight: Five ways Amazon is sharpening focus for profitable growth
No retailer is immune to current market pressures, not even Amazon.
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NewsDebenhams administrators rake in more than £7m as fees spike
The administrators of collapsed department store chain Debenhams have raked in almost £2m in fees during the current financial year alone after a hike in fees.
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NewsTesco, Sainsbury's and M&S bosses call for business rates freeze
The bosses of some of the UK’s biggest retailers have urged chancellor Jeremy Hunt to freeze business rates as part of his autumn statement this week.
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NewsJoules to appoint administrators after financing talks collapse
Joules has filed a notice of intention to appoint administrators after last-ditch efforts to secure emergency funding collapsed.
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NewsAmazon launches cost-cutting review of unprofitable business units
Amazon is carrying out a broad cost-cutting review that will pare back parts of the business that have not been profitable.
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AnalysisMade.com: What should Next do to make its new acquisition thrive?
Making new acquisition Made.com a success will not be without its challenges for Next, but it starts from a strong financial and strategic position
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NewsRevolution Beauty founder and CEO steps down following accounting scandal
Revolution Beauty’s founder and chief executive Adam Minto has resigned from the business as it undergoes an investigation into its accounts.
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NewsNext to buy Made.com out of administration
Next has struck a deal to rescue embattled homewares etailer Made.com from administration.
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NewsMarks & Spencer profits rise after 'standout' fashion sales
Marks & Spencer has posted a rise in profits during its first half following “robust” trading across its food and clothing and home divisions.
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NewsMarks Electrical boss: We're winning spend while John Lewis 'neglect their customers'
Marks Electrical boss Mark Smithson has insisted the retailer is winning market share from competitors such as John Lewis that “neglect their customers”.
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NewsPrimark UK sales back to pre-Covid levels as customers flock to stores
Primark has reported that its like-for-like sales in the UK have returned to pre-Covid levels.
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NewsMade.com co-founder's rescue bid fails as Next and Frasers circle
Made.com co-founder Ning Li has failed in his attempt to purchase the stricken furniture specialist and the likes of Next and Frasers are now eyeing potential bids.
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NewsJoules on the brink after poor trading leaves working capital position 'below expectation'
Fashion brand Joules is exploring its options, including a possible CVA, as poor current trading has left the retailer’s working capital position “below expectation”.
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AnalysisMade.com: What went wrong and where did the money go?
The rapid collapse of Made.com has raised eyebrows across the retail sector. Retail Week delves into what went wrong, where the money went and what the fate of the business could be
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NewsDFS order volumes strengthen after lean summer
DFS has indicated there may be some green shoots of recovery in the furniture sector after a tough summer, with order volumes strengthening heading into the golden quarter.
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Opinion'Difficult trading conditions offer a good opportunity to accelerate renewal'
While many retailers will approach uncertain conditions by looking to reduce costs and scale back, arbitrarily cutting investment is not a long-term approach, believes Lisa Hooker
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NewsAllSaints profits and sales soar driven by growth across all channels
AllSaints has reported mounting profits and sales despite store closures at the beginning of the financial year.
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NewsSainsbury's profits fall following price investment and post-Covid shift in shopping habits
Sainsbury’s has reported a decline in first-half profits but said current trading is strong and it is making volume market share gains.
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NewsNext sales inch up boosted by colder weather
Next’s full price sales grew slightly in the third quarter.