All City & finance articles – Page 549
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News
Primark on track to beat market as sector suffers
Primark was expected to outperform the fashion market again as Retail Week went to press, but its like-for-like growth is thought to have levelled out as the market slowdown kicked in.
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Opinion
What you can do to beat the downturn
As recent results show, large and small retailers alike are feeling the impact of a slowdown in the UK economy. And the data suggests that things will not improve anytime soon.
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Opinion
US election will affect us all
Tesco’s recent AGM in Birmingham attracted its share of campaigners as usual, but the unusual antics of some were outweighed comfortably by the good sense of ordinary shareholders, many attending for the first time.
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Analysis
A solid anchor
John Lewis is by far the most popular choice of anchor stores among shopping centre owners. But will the effects of the downturn dampen the attraction? Ben Cooper investigates
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Analysis
Mounting recession speculation sends retail stocks into tailspin
The pall of looming recession hung black over the City all week, pitching the entire market into steep decline.
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News
BMB set to buy entire Pierre Cardin UK licence
Menswear supplier BMB is poised to acquire all of the UK licences for Pierre Cardin, in a deal that will have implications for Debenhams and Moss Bros.
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NewsFat Face sales jump
Fat Face sales soared 16.3 per cent from £108.6 million to £126.4 million for the full year to May 31.
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News
Interest rate held at 5%
The Bank of England has held the UK interest rate at 5 per cent as spiralling inflation outweighs concerns over slowing economic growth.
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News
Netto sales climb
Value retailers continue to pull in the customers, with Netto announcing a 7 per cent sales increase over the year to June 14.
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News
Shop price rise for June stays below inflation
June shop prices were 2.5 per cent higher than last year but below overall inflation, according to the BRC-Nielsen Shop Price Index.
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News
Marks & Spencer pulls out of Taiwan
Marks & Spencer is to close all its stores in Taiwan after just 14 months of trading in the country, dealing another blow to the embattled retailer.
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Opinion
Competitiveness is key for M&S
No apologies for returning to the biggest story of the week, the trials of Marks & Spencer. After all, food is at the root of its problems.
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News
Qataris increase stake in Sainsbury's
The Qatar Investment Authority has upped its stake in Sainsbury’s to 26 per cent.
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Opinion
The Retail Week – July 4, 2008
The magic has well and truly evaporated from the retail Camelot created at Marks & Spencer by Sir Stuart Rose.
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News
Flying Brands to shut Greetings Direct after US move flops
Home shopping group Flying Brands is to shut its Greetings Direct business after its US launch failed.
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News
John Lewis sales slide 8%
John Lewis has posted an 8.3 per cent fall in sales at its eponymous department store business for the week to June 28.
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News
Baugur move to UK looks likely
Baugur, the Icelandic investor that controls swathes of the UK high street, is expected to announce today its intention to move to the UK.
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Analysis
Fuel's gold
With oil prices soaring and no sign of relief in sight, retailers may need to take drastic action to keep transportation costs under control. Mark Faithfull looks at the Government’s proposal for collaboration to cut travel miles
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News
DSGi: the City view
There were few surprises in John Browett’s first set of full-year results as chief executive of DSG International but, although the results were well-flagged, Browett struggled to convince the City that better times lie ahead.
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News
Retailers slide as M&S’s share dive leads wave of falling stocks
While Marks & Spencer’s terrible performance in food grabbed the headlines on Wednesday, it was the general retailers that got a battering, as Sir Stuart Rose warned the market was at its toughest since the early 1990s.