All City & finance articles – Page 311
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NewsGear4music revenues surge 43% as it records maiden interim results
Musical instruments retailer Gear4music has reported a 43% surge in first-half revenues in its maiden results since floating.
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NewsNext third-quarter sales rise: What the analysts say
Next edged up its full-year profit guidance after third quarter like-for-likes increased 6%. This is what the analysts had to say.
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NewsBrantano and Jones Bootmaker sold to Alteri for £12m
Brantano and Jones Bootmaker have been sold to Alteri Investors for €17m (£12m) by Dutch parent company Macintosh.
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NewsNext confident on profits after 6% rise in third-quarter like-for-likes
Next has edged up its full-year profit guidance after like-for-like sales increased 6% during the fashion giant’s third quarter.
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OpinionPerhaps it’s time for Majestic to start selling cheese as well as wine
Wine specialist Majestic has jettisoned its six-bottle purchase rule, one of the first eye-grabbing initiatives under newish boss Rowan Gormley.
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NewsShoe Zone forecasts full-year sales fall after store closures
Shoe Zone said it expects a drop in full-year revenues “reflecting the continued planned closure of loss-making stores”.
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NewsCarpetright UK sales up as brand revamp remains 'on track'
Floorings giant Carpetright has reported UK like-for-likes up 4% in the 25 weeks to October 24 and said its aim to revitalise the brand is “on track”.
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OpinionRetail leaders need new strategies to challenge the competitive market
As the market grows ever more challenging, the retail industry needs more leaders with strategies focused on driving sales.
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NewsJack Wills operating losses widen despite EBITDA growth
Jack Wills has reported a widening in operating losses to £8.78m for the year ending February 1, 2015 despite a 12.8% jump in EBITDA.
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NewsNext week in retail: Next, Shoe Zone and consumer confidence
Retail Week looks ahead to next week, with updates from Next, Shoe Zone plus GfK’s latest consumer confidence index all on the agenda.
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AnalysisWhat we learnt from Debenhams’ full-year results this week
Department store group Debenhams revealed a healthy rise in full-year profits this week, while like-for-likes grew 2.1%.
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NewsSports Direct completes acquisition of Direct Golf for undisclosed amount
Sports Direct has completed the acquisition of Direct Golf from owner and founder John Andrew for an undisclosed sum.
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NewsNick Bubb's verdict: Did Sharp jump from Debenhams or was he pushed?
There had been rumours that investor unrest at Debenhams would claim the scalp of its boss, but is that the real reason for Sharp’s exit?
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NewsWiggle pedals to higher full-year profits as UK sales soar 26%
Wiggle has reported an 11.5% jump in full-year sales, helped by a strong UK performance, and is targeting further growth by opening a £10m distribution centre.
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VideoThe Retail Week: Mark Price steps down, Debenhams boss and Asda U-turn
Catch up on this week’s big retail stories with analysis from grocery reporter Luke Tugby and executive editor George MacDonald.
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NewsDebenhams chief executive Michael Sharp's exit: What the analysts say
Debenhams revealed this morning that its chief executive Michael Sharp will step down next year. We round up the City reaction.
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NewsOutgoing Debenhams boss Sharp dismisses reports of shareholder revolt
Debenhams boss Michael Sharp has dismissed suggestions that shareholder unrest sparked his impending exit from the retailer.
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NewsMothercare UK like-for-likes rise 6.5% but store closures hit revenue
Mothercare has reported a 7.1% fall in second-quarter sales as closures continue but said trading is in line with full-year expectations.
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NewsDebenhams boss Michael Sharp to step down as full-year profits rise 7.3%
Debenhams boss Michael Sharp will step down from his role at the department store chain in 2016 after five years as chief executive.
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NewsHome Retail boss John Walden defends bet on Argos same-day delivery
Home Retail CEO John Walden has defended the investment in Argos’s same-day delivery by claiming it is vital for the business’s “long-term health”.