All City & finance articles – Page 406
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NewsManagement buys out Mountain Warehouse
Mountain Warehouse’s management has taken full control of the outdoor clothing retailer and plans to expand its European store count to 300 shops.
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NewsBreakfast briefing: Retail news on Selfridges, Poundland and Mountain Warehouse
Retail news round-up November 4, 2013: Selfridges to invest £100m in stores revamp as sales rise; Poundland edges closer to IPO as it hires Rothschild; Mountain Warehouse management buy out Lloyds Banking Group in £85m deal
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OpinionComment: The grocery battle heats up as Lidl and Aldi target more affluent customers
Discount supermarket chain Lidl has launched its first television advertising campaign in the UK in its latest attempt to grab middle class shoppers from the likes of Tesco and Sainsbury’s.
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NewsDunelm founder revealed as biggest Marks & Spencer private investor
The founder of homewares retailer Dunelm, Bill Adderley, has been revealed as the biggest private shareholder in Marks & Spencer.
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NewsDixons completes sale of Turkish business Electroworld
Dixons has completed the sale of its Turkish arm Electroworld to local electricals specialist Bimeks for an undisclosed sum.
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NewsThe Range launches Christmas ad as profits rise
The Range has launched a Christmas ad showcasing its ‘surprising’ product quality and prices and full-year profits have soared.
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AnalysisBlockbuster: What next for the retailer teetering on the brink?
Blockbuster owners Gordon Brothers filed an intention to appoint administrators yesterday, less than year after it collapsed. With the future of Blockbuster hanging in the balance once again, Retail Week takes a look at whether this could be the final curtain.
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AnalysisM&S interims preview: A tale of two businesses
When Marks & Spencer posts first-half results next Tuesday the likelihood is that they will once again tell a now familiar tale of two businesses.
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OpinionNick Bubb’s verdict: Next - Weathering the retail storm
Monday’s storm reminded us how extreme “the weather” can get, but today’s Next update reminds us how short people’s memories are about the weather.
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NewsNext raises full-year profit guidance after third-quarter sales increase
Next has raised its full-year revenue and profit guidance after sales increased 4.3% in its third quarter to October 26.
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NewsMarks & Spencer halts clothing market share decline
Marks & Spencer is showing signs of improvement in its crucially important clothing business, Retail Week has learned.
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AnalysisIn the news: New Look owner Brait's Christo Wiese profiled
UPDATED: Christoeffel Wiese’s investment firm Brait has acquired a 90% stake in fashion retailer New Look for £1.9bn. We profiled him in 2013 when he was eyeing BHS.
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NewsB&M Bargains mulls stock market flotation
Value retailer B&M is mulling a float on the stock market next year as the fast-growing business targets further growth.
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NewsAmazon posts third-quarter sales surge after latest Kindle launch
Online giant Amazon has posted a 24% sales surge in its third quarter, when it also made a net loss of $41m (£25.3m).
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NewsMike Ashley reduces Sports Direct stake in £106m share sale
Sports Direct founder Mike Ashley has sold a 2.7% stake in the retailer worth £106m just eight months after pledging not to sell any shares for a year.
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OpinionComment: Matalan’s Sporting Pro could be an interesting rival to Sports Direct
Matalan has just revealed that its first Sporting Pro store is to open in central London next month - the first of 14 new shops due to open before Christmas.
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AnalysisDebenhams full year results: what the analysts say
Debenhams today revealed that total group sales increased 2.5% during the 52 weeks to 31 August 2013, however pre-tax profit fell 2.7%. Retail Week rounds up reaction to the results.
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NewsAsos boss Nick Robertson gives away £2.8m to staff
Asos founder and chief executive Nick Robertson has awarded staff £2.8m in a special bonus which he is covering personally, Retail Week has learned.
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NewsDebenhams full-year profits fall 2.7% as it remains 'cautious' of recovery
Debenhams revealed a profit fall in its full-year figures as it remains “cautious” for the year ahead.
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NewsTesco eyes global fashion dominance for F&F brand
Tesco has unveiled audacious ambitions to be “the world’s leading retailer for affordable fashion” that will take it toe-to-toe with the largest clothing specialists.