All City & finance articles – Page 334
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NewsPoundland mulls small store format as it spies convenience opportunity
Poundland boss Jim McCarthy has said the retailer is considering opening smaller stores, but is concentrating on its core offer.
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NewsPoundland pre-tax profits jump 18.6%: What the analysts say
Poundland’s pre-tax profits jumped 18.6% in its first year as a public company. Here’s what the analysts have to say.
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NewsFindel posts full-year loss, but Express Gifts boosts sales
Findel has revealed a full-year pre-tax loss of £1.7m, but sales edged up helped by the performance of its Express Gifts business.
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NewsPoundland's full-year profits surge but warns over "subdued" first half
Poundland has reported an 18.6% jump in pre-tax profits in its first year as a public company, but expects trading in its half-year to be “subdued”.
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NewsBreakfast Briefing: Retail News on BHS, Fat Face and more
Retail news round-up on June 18, 2015: BHS’ flagship store up for review, Fat Face set to make US debut and Scottish retail sales
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NewsJD Sports Fashion boosted by Europe sales, but raises fears over margins
JD Sports Fashion has made a “strong” start to its financial year, boosted by rising sales in Europe, the retailer has reported.
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OpinionComment: Bonmarché dresses to impress, whatever the weather
While many of their customers are still looking forward to summer getaways, retailers’ thoughts are focused on the back-end of the year.
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NewsH&M sales beat forecasts in May as second-quarter revenues rise 21%
Swedish fashion giant H&M has posted a bigger-than-expected jump in sales for May, driven by a weak krone against other currencies.
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NewsGap swings axe on North American stores and headquarters staff
Fashion giant Gap is to shut 175 stores in its core North American market and axe 250 head office jobs in a bid to improve performance.
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NewsWilko suffers profits slide as it loses out to value rivals
Variety store group Wilko has become the latest to feel the heat from the rise of rival value specialists and has posted a plunge in profits.
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NewsBreakfast briefing: Retail news on Tesco, Gap, Paperchase and more
Retail news round-up on June 16, 2015: Orion eyes Tesco’s Homeplus; Gap reveals store closure plans; Paperchase rolls out loyalty scheme and more
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VideoWatch: The state of the business rates review in 60 seconds
Get up to speed with the growing concerns over the Government’s business rates review, the progress made so far and what should happen next
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NewsMajestic Wine boss Gormley vows to 'win' against cut-price grocery rivals
New Majestic Wine boss Rowan Gormley has insisted “the only way is up” for the retailer - and has vowed to fight his grocery rivals head-on.
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NewsMajestic Wine full-year profits fall: What the analysts say
Majestic Wine has reported a 22.5% slump in pre-tax profits as its boss sets about turning around the retailer. Here is what the analysts say.
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NewsSaks Fifth Avenue may launch in Europe as Hudson’s Bay buys Galeria Kaufhof
Hudson’s Bay Company, owner of Saks Fifth Avenue, is to buy German department store business Galeria Kaufhof from Metro Group.
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NewsIrish department store Clerys shuts after 162 years following sell-off
Irish department store Clerys was shut suddenly on Friday shortly after being bought by a team led by Irish investor Deirdre Foley’s D2 Private.
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NewsNet-a-Porter swings to £11m profit following record sales figures
Online fashion retailer Net-a-Porter has reported its first profit for five years, months after merging with Italian etailer Yoox.
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NewsMajestic Wine profits drop 22.5% as new boss reveals priorities
Majestic Wine’s pre-tax profit fell 22.5% to £18.4m, but new chief executive Rowan Gormley insists the retailer has “excellent future prospects”.
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NewsBonmarché ‘weatherproofs’ ranges as it learns from last year’s warm autumn
Bonmarché is making changes to its fashion collections designed to maintain sales momentum during unseasonable weather.
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NewsStrong start to year for Ted Baker as sales surge 18.9%
Fashion retailer and brand Ted Baker has reported a “strong” sales rise across the business as it expands internationally.