All City & finance articles – Page 551
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News
Tommy Hilfiger posts record results
Fashion retailer and lifestyle brand Tommy Hilfiger has announced record results for the year to March 31.
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News
Debenhams 'extends payment terms to suppliers'
Debenhams has extended payment terms to its suppliers as it continues to be hit by unrelenting tough trading on the high street, according to weekend reports.
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News
Sainsbury’s: the city view
Sainsbury’s reported slowing sales growth in the past three months, but said performance was in line with expectations.
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News
General retailers knocked again as more industry sagas unfold
It was a week of high drama for general retailers as veteran Woolworths chief executive Trevor Bish-Jones unexpectedly decided to stand down and furniture groups sought emergency finance.
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Opinion
EU is twisting the knife with tax hikes
Candles, bulbs, screws, bags and shoes: it could be that Two Ronnies sketch in the hardware shop – except this isn’t funny.
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News
Sofa drama nears climax
It is hard to believe that less than three months ago, as he posted interim results, ScS chairman Mike Browne was “confident of a profitable second half”.
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Opinion
May Day or Mayday?
May is traditionally celebrated as the month of rebirth, named after Maia, the Roman goddess of springtime, warmth and increase.
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Analysis
Red light for retail?
While harsh trading persists, retailers such as ScS and Land of Leather are reeling as supplier credit insurance is withdrawn. George MacDonald examines the power of the insurers
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News
Mulberry sales buck gloom
Mulberry has announced soaring sales and a strong start to the new financial year.
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News
Land of Leather plans rescue deal as sales collapse
Land of Leather has announced plans to secure a rescue financing deal of 14.8 million, gross of expenses, by way of placing almost 30 million shares, underwritten by its brokers.
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Opinion
A credit to internet retailing
On Monday another sign that the internet is the saviour of retail emerged, when leading credit rating agency Moody’s issued a note explaining that it is starting to take internet sales more seriously when it comes to giving retailers a credit rating.
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News
Consumer inflation hits 3.3 per cent
Rising food and fuel prices have pushed UK consumer inflation up to 3.3 per cent, according to the Office for National Statistics.
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News
DSGi credit rating cut
DSGi’s credit rating has been cut on the back of its decreasing operating profit margin.
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News
London like-for-likes sparkle in May
London retail like-for-like sales last month were 8.2 per cent higher than a year earlier, as shoppers came out with the sunshine.
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News
Staples closes on deal for Dutch rival
Staples has this week been invited to enter talks with Corporate Express, after the US stationery retailer upped its offer for the Dutch business by 14 per cent.
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News
Borders to sell three overseas businesses
Borders is to offload a raft of its overseas businesses and slash 20 per cent of its workforce as it implements its strategic review.
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Opinion
Budget small print could block retention
Given the climate, the retail sector needs all the help it can get.
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News
Retail rents sink to lowest since 1990s
Retail rents have fallen to their lowest level since the mid-1990s and can be expected to decline for a further three years, according to a report published by property consultancy Colliers CRE.
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News
Pessina vows to stay the distance
Stefano Pessina this week promised to invest in Alliance Boots for the long term as he revealed a sparkling year for the health and beauty business which he took private in June last year.
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News
ScS fights to hold on to supplier insurance as sector fears grow
Sofas specialist ScS is in talks with Euler Hermes, the world’s biggest credit insurer, in an effort to retain cover for its suppliers.