All City & finance articles – Page 155
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NewsSelfridges delivers ‘strong’ Christmas sales boosted by vegan food range
Selfridges has posted an uptick in Christmas sales as demand for vegan food products and beauty services buoyed trading.
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NewsSuperdry warns on profits as Christmas sales slide
Superdry has issued a profit warning following a slump in sales during the Christmas period, but boss Julian Dunkerton insists the plan to return the fashion retailer to “sustainable long-term growth is on track.”
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NewsB&M books Christmas sales uplift despite ‘difficult’ retail backdrop
B&M has recorded an uplift in sales over the festive period, although boss Simon Arora says the value retailer posted “a slower performance than anticipated.”
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NewsJD Sports reports Christmas sales rise bolstered by international
JD Sports has said that it has posted like-for-like sales growth across its retail portfolio despite “widely reported challenges” in the UK market.
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NewsJoules issues profit warning off the back of ‘disappointing’ Christmas period
Joules has issued a profit warning following a torrid Christmas trading period driven by stock availability issues.
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NewsFortnum & Mason delivers ‘excellent’ Christmas results as sales spike
Fortnum & Mason has delivered what it called an “excellent” set of Christmas results, with all sales channels experiencing growth.
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NewsTesco’s Lewis blames price cuts and promotions for ‘subdued’ market
Tesco boss Dave Lewis has blamed the “subdued” Christmas grocery market on widespread promotional activity and heavy investments in price, rather than the fragile consumer backdrop.
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NewsBoots sales fall as Walgreens Boots Alliance profits decline
Boots has recorded a decline in first-quarter sales as parent group Walgreens Boots Alliance reiterated its full-year profit guidance despite a slump in operating income.
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NewsM&S posts ‘improved’ Christmas performance despite clothing decline
Marks & Spencer’s Christmas like-for-like sales edged up but total sales dipped despite its grocery arm “outperforming” the market.
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NewsTesco sales inch up as it hails growth in ‘subdued UK market’
Tesco has reported slight increases in both total and like-for-like sales and a fifth consecutive Christmas of growth in what it described as a “subdued UK market”.
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NewsTed Baker’s lenders hire advisers to review struggling business
Ted Baker’s lenders have called in advisers to carry out an independent business review.
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OpinionOpinion: Christmas trading statements? Take them with a pinch of salt
In the mid-1980s, the UK retail landscape was very different. Aldi had yet to open here. Having conquered much of continental Europe, Ikea was just starting to eye Britain.
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NewsSainsbury’s boss Coupe to tackle ailing toys and gaming sales
Sainsbury’s boss Mike Coupe has hinted that the retailer could reduce its exposure to the challenged toys and gaming categories following a turbulent Christmas.
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NewsTopps Tiles posts quarterly sales fall
Topps Tiles has reported a decline in like-for-like sales in its first quarter, when political uncertainty hit trade.
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NewsShoe Zone suffers profit fall after tough year
Shoe Zone has posted a fall in annual profits and hit out at the burden of business rates.
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NewsGreggs celebrates strong end to ‘exceptional year’ with staff pay-out
Food-on-the-go specialist Greggs has posted a strong fourth-quarter performance and full-year profit will be ahead of expectations.
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NewsSainsbury’s sales edge down over Christmas as general merchandise hit
Sainsbury’s has reported a fall in sales over the Christmas quarter, when strong food sales were undermined by a decline in general merchandise.
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NewsMorrisons ‘missed’ Black Friday halo effect at Christmas, says Potts
Morrisons boss David Potts admitted the grocer “missed” the halo effect of holding a Black Friday promotion before Christmas after rowing back from the discount frenzy.
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NewsMajestic Wine toasts ‘impressive performance’ during festive period
Majestic Wine has posted an uptick in sales during the festive period following a “year of uncertainty”.
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NewsDebenhams and HMV to close swathe of stores this month
Debenhams and HMV will both shutter stores this month as the retailers grapple with rising rents and business rates.