All City & finance articles – Page 331
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NewsAustin Reed Group still has legs if it can nail online and multichannel, says analyst
Struggling retailer Austin Reed Group is expected to see some “green shoots” soon as it focuses on a turnaround, according to an analyst.
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InterviewInterview: Laura Ashley's Kaloyirou discusses the retailer's flower power
Retail Week speaks to Laura Ashley joint chief operating officer Nick Kaloyirou about the retailer’s journey and how it plans to continue growth.
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NewsAsda first-quarter like-for-likes tumble 3.9% in tough market
Asda like-for-likes fell 3.9% in the first quarter but the grocer maintained it “remains a balanced, healthy sustainable business”.
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NewsTopps Tiles trade sales overtake consumer business as DIY loses popularity
Topps Tiles now makes more than half of its turnover from trade customers as the British public increasingly turns its back on DIY.
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NewsSainsbury's signs deal with Western Union to fill excess space in-store
Sainsbury’s will allow customers to make global money transfers in-store after signing a deal with financial services business Western Union.
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NewsAustin Reed Group steps up turnaround bid with investment firm loan
Austin Reed Group has secured an unspecified three-year loan from investment firm Alteri as it aims to turnaround the business and boost its multichannel offer.
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AnalysisMarks & Spencer’s full year: Five things to look out for ahead of its results
Marks & Spencer will unveil its full-year results on Wednesday. Here, Retail Week highlights five key areas to look out for:
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NewsThorntons chief exec Jonathan Hart steps down after four years at the helm
Thorntons chief executive Jonathan Hart is stepping down from the embattled chocolatier after four years heading up the business.
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NewsBritain expects first deflation in more than 50 years
Britain is expected to fall into deflation for the first time in more than 50 years because of falling food and fuel prices.
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NewsNew Look boss: New owner Brait is in it for the long term
New Look’s boss has welcomed Brait and its long-term investment plan for the retailer, suggesting it is not a typical private equity firm.
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NewsNew Look sold to South African investment group Brait in £1.9bn deal
Fashion retailer New Look has been sold to South African investment group Brait in a deal valuing the retailer at £1.9bn.
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VideoThe Retail Week: The election outcome, a retail image crisis and M&S
Content editor Nicola Harrison and senior reporter Caroline Baldwin discuss the biggest retail stories from the past week.
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NewsUS private equity firm TPG buys majority stake in Poundworld in £150m deal
US private equity firm TPG has bought a controlling stake in Poundworld in a deal understood to be worth as much as £150m.
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NewsBHS bolsters pre-teen offering with Claire’s Accessories partnership
BHS has signed a deal with Claire’s Accessories to trial six concessions in stores to complement its pre-teen clothing range.
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NewsHarveys owner profits up 42% after focus on costs and promotions
Harveys and Bensons for Beds owner Steinhoff has recorded a profits surge after managing costs and taking a new approach to promotions.
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AnalysisWill the EU’s digital single market make a difference for retailers?
Europe has made its first steps towards creating a digital single market, but will it improve international trade for retailers?
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NewsEtailer Zalando 'optimistic' for year after first quarter sales surge
German fashion etailer Zalando said it is “optimistic” for the rest of the year after sales surged 28.5% during its first quarter.
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NewsRetail sales slip in April due to Easter timing but underlying trade positive
Retail sales fell in April, distorted by the timing of Easter, but the underlying trend looks positive, according to the BRC-KPMG’s Retail Sales Monitor.
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NewsConviviality Retail sales to rise despite delayed store openings and discounting
Conviviality Retail expects revenues to increase despite new stores opening later than expected and heavy discounting in the market.
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AnalysisAnalysis: Five priorities for Tesco UK's new boss Matt Davies
Halfords boss Matt Davies takes the reins of Tesco on Monday, the latest addition to Dave Lewis’ new team. Retail Week examines his top priorities.