All City & finance articles – Page 87
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NewsNext raises 2022 forecast despite slump in profits during pandemic
Next has raised its profit guidance for the 2021/22 financial year despite a slump in earnings during the coronavirus crisis.
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NewsWatch: H&M incentivises sustainable behaviours with green loyalty points
H&M has introduced points for loyalty club members to reward them for making more sustainable choices.
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NewsH&M seeks to ‘regain trust’ in China following Xinjiang row
Fashion giant H&M has insisted it remains committed to trading in China and hopes to defuse a row over forced labour allegations that have led to a backlash against the retailer.
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AnalysisAnalysis: Has private equity ownership done retail more harm than good?
Buy cheap, pile on debt, flog assets and extract the value, sell high to a new owner and pay yourself handsomely – that’s one characterisation of private equity, with recently collapsed department store group Debenhams seen as the poster child in critics’ eyes.
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NewsDeliveroo slashes share price amid investor fears over workers’ rights
Deliveroo is set to price its imminent float at the bottom of the range due to investor concerns over the pay and working conditions of its riders.
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AnalysisRetail with purpose: how to pin down yours
More than ever, consumers are looking to shop with brands with purpose – those that share the same values as themselves. But how do retailers establish what their purpose is and how do they communicate it to staff and shoppers?
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NewsRetailers divided over business rates in submissions to Treasury review
Retail respondents to the Treasury’s call for evidence on business rates reform are split over the benefits and potential risks to the high street of introducing an online sales tax.
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NewsUK plans four regional trade hubs to boost international exports
The UK government has made plans to launch four trade hubs in a bid to boost the economy post-Brexit and post-pandemic.
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NewsMcColl’s profits slide as Morrisons partnership extended
McColl’s has recorded a decline in profits as the pandemic altered its shoppers’ spending habits.
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OpinionMatt Truman: ‘The UK should focus on becoming champions of the internet’
I was humbled recently to be asked by the government to contribute future policy recommendations to supercharge post-Brexit growth.
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NewsKingfisher profits and sales soar off back of strong Covid trading
Home and DIY giant Kingfisher has reported soaring profits and sales in the last year, with chief executive Thierry Garnier confident of its “continued outperformance” of the market.
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NewsChancellor to delay decision on UK online sales tax
Chancellor of the exchequer Rishi Sunak is set to delay any final decision on a UK online sales tax to the autumn and will take his lead from whether the US supports the reform.
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NewsAsda chief executive Roger Burnley to step down following £6.8bn takeover
Asda boss Roger Burnley is set to step away from the grocer next year, following the recent £6.8bn takeover of the business by the Issa brothers.
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NewsConsumer confidence rises for third month as end of lockdown nears
Consumer confidence increased in March as the vaccine rollout continued and the end of lockdown grew nearer.
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NewsEve Sleep cuts losses as turnaround strategy bears fruit
Online retailer Eve Sleep has reduced annual losses and said its recovery programme is ahead of schedule.
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NewsOcado sales climb as customers add M&S lines to baskets
Online grocer Ocado has reported a surge in quarterly sales, helped by demand for food from joint venture partner Marks & Spencer.
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AnalysisAnalysis: How Greggs is looking towards the future of food-to-go
Beloved UK high street baker Greggs has been hit hard by lockdown store closures and changing customer behaviours. Retail Week analyses how the business is future-proofing itself
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NewsJust Eat profits soar as order numbers rise in lockdown
Just Eat Takeaway.com has reported a “strong improvement” in profits as order and active customer numbers grew across multiple markets.
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NewsZalando targets bigger share of European market after stellar year
Zalando has upgraded its ambitions to take a larger share of the European fashion market as sales soared over the past year.
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NewsScS profits rise as pent-up demand boosts sales
ScS has registered upticks in profits and sales as pent-up demand during the coronavirus crisis drove “record” first-half performance.