All City & finance articles – Page 274
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NewsGap sales and profits decline as global restructure begins
Fashion retailer Gap has reported falling profits and sales in its second quarter, as it began to “execute restructuring plans”.
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NewsCalls for Theresa May to scrap Osborne's living wage over job cut fears
A leading think-tank has urged Theresa May to ditch the national living wage over fears it will cost thousands of jobs and not cut poverty.
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AnalysisKingfisher second-quarter sales jump: What the analysts say
Kingfisher reported a 7.2% rise in its second-quarter UK like-for-likes driven by a 13.3% jump at Screwfix. Here’s the City’s reaction.
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OpinionOpinion: Asda's latest sales setback shows turnaround will be a long slog
Asda’s second-quarter numbers are unsurprisingly disappointing, yet the 7.5% dip in like-for-likes is perhaps heftier than anticipated.
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NewsKingfisher second quarter like-for-likes up driven by B&Q and Screwfix
Kingfisher has posted improved like-for-likes in its second quarter, with growth driven by good performances at its British and Polish arms.
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AnalysisAnalysis: Recession lessons that will help retailers trade through Brexit
As retailers prepare for any Brexit storm, we look at what can be learned from the success stories of the recent recession.
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NewsTJX boosted by value credentials as its raises full-year forecast
TJX, the US-based value retailer, has raised its full-year guidance after a strong second-quarter driven by an increase in customer numbers.
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NewsLaura Ashley like-for-likes rise 4.1% while online sales soar
Laura Ashley has reported a healthy rise in full-year like-for-likes as strong furniture sales bolstered the retailer’s underperforming fashion arm.
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NewsJohn Lewis sales fall as hot weather sparks 'challenging' week
John Lewis sales dropped last week as the hot weather drove consumers away from shops during a “challenging” period of trading.
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NewsPoundland boss O’Byrne offered £2.7m in shares to stay under Steinhoff
Poundland boss Kevin O’Byrne has been offered a £2.7m share package to remain in charge under the ownership of Steinhoff.
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NewsRetail rich list 2016: The industry’s wealthiest 100
The tills are still jangling merrily for the world’s top retailers. But who has the most? Find out in Retail Week’s top 100 richest retailers.
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AnalysisInfographic: David Knight on the referendum plus the latest retail stats
The week in words and numbers, August 12, 2016: Strong trade for ScS, New Look’s LFLs fall 7% and Game’s UK gross transaction value drops 5%.
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NewsBHS: Top law firm to investigate retailer’s former directors
A leading law firm has been drafted in to help scrutinise the conduct of former BHS directors prior to the high-street chain’s collapse.
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NewsAlibaba first-quarter sales surge as mobile users drive growth
Alibaba reported its highest quarterly sales growth since its flotation in 2014 as mobile purchases outstripped desktop shoppers.
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NewsAgenda: Asda and Kingfisher to post second quarter results
Retail Week looks ahead to the next seven days with second quarter results from both Asda and Kingfisher on the agenda.
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NewsPoundland accepts increased takeover offer from Steinhoff
Value retailer Poundland has agreed to a higher takeover offer of £610.4m from South African retail suitor Steinhoff.
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NewsDFS unveils sales uplift and insists Brexit 'has not weakened demand'
DFS has posted a 7% increase in full-year sales and said it is “well positioned to mitigate economic headwinds” following the EU referendum.
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NewsZalando sales and profits soar in fruitful second quarter
Zalando has posted 25% sales growth and increased its full-year profit guidance as it continues to invest in the customer experience.
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OpinionOpinion: B&Q looks in good shape to fight Brexit and Bunnings threat
The DIY market is about to get a makeover and a rather exciting one at that, as Bunnings prepares to tackle the UK with its revamped Homebase stores.
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NewsStore Twenty One staff accuse retailer of failing to pay wages
Store Twenty One staff have laid bare a retailer allegedly unable to pay employees, who say they are trapped and angry due to their precarious employment.