All City & finance articles – Page 204
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NewsHotel Chocolat tastes sales success in ‘strong’ year
Hotel Chocolat has posted an increase in full-year sales, boosted by the opening of 15 new stores and its growing online customer base.
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NewsPoundworld closes further 40 stores
Poundworld has unveiled its third round of store closures in a week as the beleaguered value retailer continues to seek a buyer.
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NewsJohn Lewis sales slump due to hot weather and World Cup
John Lewis recorded a drop in its weekly sales as strong sales of summer products failed to offset declines in its home division.
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NewsTesco’s Carrefour tie-up set for French watchdog probe
The proposed tie-up between Tesco and Carrefour and its impact on their respective consumers and suppliers will be scrutinised by the French anti-trust authority.
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NewsMarks & Spencer to axe 350 store management roles
Marks & Spencer is planning a fresh wave of more than 350 job cuts in a drive to simplify its store management teams.
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NewsDebenhams denies cash crisis after credit insurance cut
Debenhams has insisted it is in a “healthy” financial position despite suffering a cut to its credit insurance.
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NewsAgenda: Mothercare, Hotel Chocolat, Sports Direct, AO
Retail Week looks ahead to the next seven days, with updates from Sports Direct, Hotel Chocolat and AO.com all on the agenda.
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NewsHalfords poaches Waitrose finance boss as CFO
Halfords has hired Waitrose finance director Loraine Woodhouse as its new CFO.
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AnalysisMove of the week: Sainsbury's new safe pair of hands
The appointment of Martin Scicluna as its new chairman feels like a safe play from Sainsbury’s.
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NewsB&M hails ‘strong’ first quarter in 'sluggish' market
B&M has hailed a “strong” start to its financial year after like-for-like sales increased 1.6% during its first quarter.
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NewsDFS cautions on profits amid fourth-quarter 'disruption'
DFS has cautioned that full-year profitability will fall below last year’s total after hot weather and “disruption” to deliveries from the Far East dented fourth-quarter performance.
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NewsAsos third-quarter sales spike as customer base swells
Asos has posted a jump in third-quarter revenues as it recorded strong growth in its domestic UK market and overseas.
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DataData: The UK's top 30 growth retailers 2018
A connected customer experience is key to grow your business, finds exclusive research published in Retail Week’s annual top 30 growth retailers ranking.
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NewsMountain Warehouse sells £45m stake to ramp up expansion
Mountain Warehouse has sold a 20% stake in the business to Inflexion Private Equity Partners.
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NewsOcado swings to half-year loss as sales rise
Ocado has recorded a loss at the half-year mark as the online grocer ploughed investment into its proposition following a spate of international partnerships.
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NewsTesco UK boss Wilson diagnosed with cancer, steps down
Tesco’s UK and Ireland chief executive Charles Wilson will step down from his role this month following a throat cancer diagnosis in April.
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NewsTOFS CVA is approved, 290 jobs are at risk
The Original Factory Shop has been given the green light by creditors to axe over a tenth of its store estate, Retail Week can reveal.
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OpinionOpinion: Mothercare boss has won the battle, not the war
Mothercare is on the latest stage of its torturous journey, lining up cash to fund its restructuring and putting one of its arms into administration.
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NewsPoundworld's founder drops his rescue bid
Poundworld founder Chris Edwards has ditched talks to rescue the business, pushing more than 5,000 jobs closer to the precipice.
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NewsMothercare places Children’s World into administration
Mothercare has insisted it is making “good progress” with its refinancing and restructuring plans – but has placed its Children’s World business into administration.