All City & finance articles – Page 215
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NewsCarpetright mulls CVA as part of turnaround mission
Struggling flooring specialist Carpetright is being advised by Deloitte about possible restructuring options including a company voluntary arrangement (CVA), Retail Week understands.
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NewsH&M sales slow in first quarter despite store openings
H&M has suffered a slowdown in sales during its crucial Christmas quarter despite pressing ahead with a rapid store expansion programme.
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OpinionOpinion: Next’s plan, not just profits, under scrutiny
Lord Wolfson deviated from the proverbial hymn sheet he’d been singing from for the past 18 months when Next last updated the market in January.
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NewsInditex global profits up as online sales jump
Inditex’s full-year profits and sales have risen during a year in which the retail giant ploughed ahead with global expansion.
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NewsToys R Us to close all stores as search for buyer fails
Administrators have failed to secure a buyer for Toys R Us and have informed staff that all of its 100 UK stores will close over the next six weeks.
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NewsBargain Booze owner Conviviality hit by cash crisis
Bargain Booze owner Conviviality is facing a cash squeeze after discovering it must pay HMRC £30m by the end of this month.
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NewsChancellor unveils business rates changes
Chancellor Philip Hammond has confirmed in his Spring Statement that business rates will now be reviewed every three years.
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NewsMaplin sale hopes fade as retail rivals circle stores
A clutch of retailers are circling Maplin’s store estate as its hopes of securing a rescue deal rapidly evaporate.
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OpinionJohn Lewis’ profit challenge applies across retail
John Lewis’ results showed that today in retail you need to run to have the slightest hope of even standing still, never mind advancing.
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OpinionOpinion: Will profits ever matter for online retailers?
Today’s results from Eve Sleep make positive reading, as long as you are content to see widening losses.
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NewsMaplin head office staff axed by administrators
The administrators of electricals retailer Maplin have made redundancies at its headquarters.
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AnalysisAnalysis: Will 2018 be the year of the CVA?
“2018 will be the year of the CVA.” It is a stark warning, but one that is being issued by numerous industry observers bracing themselves for further turbulence on the high street.
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NewsAgenda: Morrisons, French Connection and Eve Sleep
Retail Week looks ahead to the next seven days, with updates from Morrisons, French Connection and Eve Sleep on the agenda.
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NewsConviviality warns on profits after forecasting error
Conviviality has issued a profit warning after uncovering “a material error” in its financial forecasts.
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VideoWatch: Missguided's Wall on looking beyond conversion
Missguided’s chief digital officer Jonathan Wall on conversion as a KPI and why product availability is guiding the fashion retailer’s approach to visual search.
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NewsJohn Lewis profits tank as bonus lowest since 1954
John Lewis Partnership’s full-year profits plummeted as its department store was hit by restructuring costs due to redundancies.
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NewsNew Look primed for CVA after crunch bondholder talks
New Look is poised to launch a company voluntary arrangement (CVA) within days following the result of a crunch bondholder consultation, Retail Week has learned.
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NewsHouse of Fraser’s owner to sell off stake
House of Fraser’s owner is planning to dispose of its majority stake in the troubled chain, selling it to a Chinese tourism development company.
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OpinionDon’t underestimate Morrisons in fight with Tesco-Booker
The sheer scale of the challenge facing Tesco’s grocery rivals was hammered home this morning following its acquisition of retail and wholesale titan Booker.
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OpinionBankruptcy bug is starting to look like an epidemic
The phrase ‘dropping like flies’ has been often on my lips as we witness one retail collapse after another and watch others staggering into intensive care.