All City & finance articles – Page 552
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Opinion
Boots’ alliance has passed test
Cast your mind back a year, to the days when barely a week passed without Retail Week revealing the next big private equity deal.
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News
Fashion sales lift John Lewis
John Lewis Partnership posted a 3.9 per cent sales rise in the week to June 7.
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Opinion
The Retail Week – June 13, 2008
If this week’s stream of negative news from retailers proved one thing, it’s that the ties that bind the retail sector and the housing market run deep.
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News
Moss Bros like-for-likes fall 1.5%
Moss Bros, the menswear retailer that Icelandic investor Baugur considered buying, has reported a 1.5 per cent fall in like-for-like sales for the 19 weeks to June 7.
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News
High petrol cost hitting out-of-town, says Rose
The rising cost of fuel is benefiting the high street at the expense of out-of-town retail parks, said Marks & Spencer chief executive Sir Stuart Rose.
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Opinion
Grocers face uncertain prospects
Food prices are never far from the headlines and are likely to have further profound effects both on consumer behaviour and retailer strategy.
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News
BRC sales figures provide ray of light but gloomy picture persists
After another week of underperformance by retailers there was good news from the BRC’s May sales data, which showed a 1.9 per cent like-for-like uplift.
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News
Retailers can't quantify global sourcing savings
Cost is the main driver for retailers seeking global sourcing, yet many companies are unclear on cost savings, according to a survey by PricewaterhouseCoopers.
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News
Wal-Mart sells property firm Gazeley
Wal-Mart is to sell Gazeley, the property development subsidiary of Asda, to Dubai World company Economic Zones World.
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News
Moss Bros close to appointing chairman
Moss Bros is understood to have approached former BAA retail director Barry Gibson about the role of chairman.
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News
Tesco cautious on non-food
Tesco has reported a 3.5 per cent like-for-like sales uplift, excluding petrol, in its first quarter for its domestic market, but warned that its rate of growth for non-food has eased as consumers become more cautious.
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News
Signet profits down 24%
US jewellery retailer Signet has painted a bleak future for its UK business after posting a 24 per cent fall in first-quarter profits.
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News
Flying brands: the city view
Tricia Killen, former president of Reader’s Digest for Western Europe, has her work cut out as the new chief executive of home shopping group Flying Brands.
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News
Morgan Stanley turns positive, but upbeat sentiment shortlived
Bullish noises from Morgan Stanley bolstered sentiment towards store groups, but food and general retailers’ shares moved little over the week.
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Opinion
What on earth is all this recession talk?
Recession, what recession? In the paranoia of the past few months, with soundbites to the effect of “trading is the worst I can ever remember”, many retailers are suffering memory loss and are in denial about the realities of retail life.
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News
More misery for DIY as housing slump worsens
Deepening gloom in the housing market is likely to exact a heavy discretionary spending toll on retailers this year.
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News
Interest rate held at 5%
The Bank of England has left the UK interest rate unchanged at 5 per cent amid consumer fears about rising food and fuel prices.
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Opinion
Don’t sacrifice staff if you want to stay on top
It’s a challenging time for the retail industry.
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News
Supermarkets shield shoppers from price rises
Retailers are protecting shoppers from food price rises, according the British Retail Consortium.
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News
Kingfisher profits rise 8.9% in first quarter
DIY group Kingfisher reported a better-than-expected rise in sales and profits for the 13 weeks to May 3.