All City & finance articles – Page 446
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NewsJJB attracts interest of US giant Dick's Sporting Goods
JJB Sports’ “potential strategic investor” has been revealed as US sports giant Dick’s Sporting Goods.
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NewsJJB in discussions with "potential strategic investor"
JJB Sports has revealed that it is in discussions about additional financing with its bank and a “potential strategic investor.” The disclosure was made after the retailer’s share price surged this morning.
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AnalysisValue Fashion: Surviving in a tough sector
Following years of unstoppable growth, the value sector is now beset by high costs and falling sales volumes. Rebecca Thomson considers whether the hurdles can be cleared.
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AnalysisGlobal ambitions for Karen Millen
Karen Millen’s move to hire a global retail director is part of a bold overseas strategy that is propelling growth. Gemma Goldfingle reports.
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OpinionGame must bridge the trust gap to power up
The immediate aftermath of Game’s collapse into administration – 2,000 jobs slashed and 277 stores closed – makes it the most significant failure of a listed retailer since Woolworths.
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OpinionHalfords misses the cold starts
The balmy spring weather may be welcomed by most Brits, but it has not been helping those retailers that rely on a bit of cold weather to help drive sales.
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NewsFindel full year sales edge up as turnaround plan bears fruit
Home shopping group Findel’s full year sales edged up 1.1%.
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NewsHome Retail Group chairman Stocken stands down
Home Retail Group chairman Oliver Stocken is to step down as chairman and is to be replaced by John Coombe.
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NewsThe Co-operative Food records 2.1% like-for-like fall
The Co-operative Food faced a “severe challenge” in 2011 as like-for-like sales fell 2.1%.
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NewsClintons founder Don Lewin to step down as profits slump
Greetings card retailer Clintons has revealed its founder and non-executive chairman Don Lewis is to step down from the company in July.
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NewsTopps Tiles expects 4.5% like-for-like sales fall
Topps Tiles is expected to report a 4.5% fall in like-for-like sales for the first half.
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NewsComet enjoys best sales for two years
Comet chairman John Clare has said the retailer has enjoyed its best sales for two years and is hoping to break even this year.
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NewsBrand Alley sales soar 60% in 2011
Brand Alley sales soared 60% in its full year to December 31, 2011.
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News
Grocer A&P completes financial restructuring
Grocer A&P has completed its financial restructuring and emerged from bankruptcy protection as a private company. It has obtained $490m (£308.3m) in financing from Yucaipa Cos – an investment vehicle for Burkle – Goldman Sachs Asset Management and Mount Kellett Capital Management an investor in distressed companies.According to the grocer, ...
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OpinionSuperGroup is growing up
In the same way as its togs are increasingly sported by older consumers, SuperGroup is becoming more mature.
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NewsNext warns of "uncertain" year despite 5.6% profits rise
Next has warned that the year ahead is “uncertain” despite both profits and sales at the high street retail group increasing last year.
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NewsKingfisher profits up as it eyes new markets for growth
Kingfisher full year adjusted pre-tax profits soared 20% to £807m, driven by a strong performance in France and the UK.
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NewsSainsbury’s confident that big stores have future as sales rise
Sainsbury’s boss Justin King has affirmed confidence in his big-box stores after Morrisons chief Dalton Philips warned that grocers’ giant sheds would become “a blip in the history of retail” as online grows.
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NewsGA Europe in the frame to buy Birthdays chain
Retail restructuring specialist GA Europe is among those bidding to take control of greetings card chain Birthdays, which parent Clinton may sell.
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NewsPotential buyers circle Game
Beleaguered entertainment retailer Game was being circled by potential buyers within hours of putting administrators on standby yesterday.