All City & finance articles – Page 411
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NewsSuperGroup first quarter sales jump reflects brand's 'enduring appeal'
Fashion retailer SuperGroup’s like-for-likes jumped 8.5% in the 13 weeks to July 28 reflecting the “enduring appeal” of the brand, according to boss Julian Dunkerton.
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NewsDixons to sell Pixmania and Turkish arm to focus on stronger markets
Electricals retailer Dixons is to sell its underperforming French etail business Pixmania and its loss-making Turkish arm ElectroWorld.
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OpinionComment: Relieving rates burden would be real retail fix
Bill Grimsey and Mary Portas may have more in common than either would care to admit. Both have passionately articulated the vast challenge that faces high street retailers.
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OpinionComment: Terry Duddy's legacy at Argos and Home Retail
Other than founder Richard Tompkins, perhaps nobody is more associated with Argos than Terry Duddy, chief executive of parent Home Retail, who has revealed he will step down by next July.
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NewsBreakfast briefing: Retail news on Tesco, HMV, Supergroup, Majestic Wine and Topshop
Retail news round-up September 4, 2013: HMV receiver paid over €300,000 in fees and expenses; Supergroup faces shareholders resistance over directors’ pay; Tesco criticised by ASA over misleading horsemeat ad and Topshop and Topman expands in Germany.
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NewsCard Factory to refinance after shelving sale plans
Card Factory owner Charterhouse has shelved plans to sell the 650-store retailer after receiving bids below its expectations.
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OpinionComment: Would Morrisons/Ocado merit a mention in Robert Peston Goes Shopping?
Robert Peston’s TV programme on shopping on Monday made enthralling viewing.
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NewsBreakfast briefing: Retail news on Burberry, Debenhams, Asos, Tesco and Kilian Kerner
Retail news round-up September 3, 2013: Burberry’s new fragrance campaign; Debenhams doubles advertising investment; Asos finds new logistics provider; Tesco appoints non-executive director; and Kilian Kerner grows with five House of Fraser shop in shops
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NewsCountrywide plans AIM listing as full-year profits surge
Agricultural retailer Countrywide Farmers has revealed plans to list on the AIM stock exchange after reporting record profits.
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OpinionComment: The OFT needs to remove ambiguity in price promotion laws
Last week, six furniture stores and carpet retailers came under scrutiny from the Office of Fair Trading (OFT) for their pricing strategy.
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NewsBreakfast briefing: Retail news on John Lewis, Signet and Amazon
Retail news round-up August 30, 2013: John Lewis to launch a new range of upholstery, Signet UK Sales fall in the second quarter, Amazon drops clause banning traders from offering products cheaper elsewhere
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NewsBusiness rates income to exceed council tax for first time in 10 years
Business rates income in Great Britain is forecast to exceed council tax for the first time in 10 years in 2015.
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NewsThe Co-op invests in price to win shopper spend
The Co-op has vowed to use a “value for money sword” to spear the competition as it aims to “remove price as a barrier” to shoppers visiting its stores.
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NewsThe Co-op records fall in first-half sales and profits
The Co-op has reported a fall in first-half sales and profits as poor weather, a difficult economy and fierce competition hit performance.
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OpinionComment: Can Dixons keep its spark?
Electricals group Dixons, owner of Currys and PC World, reports on first-quarter trading next Thursday following a strong performance last year.
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NewsEtailer Boohoo.com eyes float as it aims to emulate Asos
Online clothing retailer Boohoo.com is eyeing floating on the London Stock Exchange as it looks to emulate larger rival Asos.
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NewsSports Direct set for promotion to FTSE 100
Sports Direct is set to move up to the FTSE 100 next month after its shares surged more than 70% since the start of the year.
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NewsLK Bennett owners consider sale after Kate Middleton effect drives custom
Fashion and footwear retailer LK Bennett’s owners are considering a sale of the business, which would value the business at more than £100m.
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NewsCarphone Warehouse agrees £650m funding deal with Barclays
The Carphone Warehouse has agreed a £650m funding deal with Barclays as part of its acquisition of Best Buy’s stake in the retailers’ former joint venture.
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OpinionComment: Amazon - Sales are vanity, profit is sanity and cash is reality
I’m often reminded of the saying “sales are vanity, profit is sanity and cash is reality” when reading reports on retailers’ financial performance.