All City & finance articles – Page 515
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NewsCity unfazed by Mothercare like-for-like knock
Mothercare suffered its first quarter of negative like-for-likes in three years after the cold snap hit sales.
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NewsConcerns over Topps Tiles forecasts spark downgrades
A worse than expected update from Topps Tiles led to widespread downgrades to profit forecasts as analysts voiced concern over dampened appetite for home and big-ticket purchases.
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NewsPoor weather prompts mixed Easter trading
Poor weather conditions dampened retailers’ sales during the early part of the crucial Easter trading weekend but there were also some welcome bright spots over the four-day break.
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OpinionCan private equity only sell to its own?
Simon Laffin Independent retail adviser and non-executive director
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NewsM&S Q4 sales beat expectations
Marks & Spencer has revealed a 5.1% increase in fourth quarter like-for-like sales, well above expectations, driven by a strong performance from general merchandise.
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NewsCard Factory to be sold to Charterhouse
Card Factory is poised to be sold to private equity firm Charterhouse for more than £350m, sources familiar with the situation have told Retail Week.
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NewsMorrisons awards shares to new chief executive Dalton Philips
Supermarket group Morrisons has awarded two tranches of shares to new chief executive Dalton Philips who took up his role earlier this week.
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NewsRichemont acquires Net-a-Porter
Luxury goods group Richemont has confirmed it will buy Net-a-Porter in a deal that values the online designer fashion retailer at £350m.
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NewsCath Kidston confirms sale and lays out international expansion plans
Cath Kidston has confirmed it has been bought by TA Associates as it lays out plans for international expansion.
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NewsMatalan completes £525m refinancing
Value fashion retailer Matalan has refinanced by raising £525m of debt.
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NewsFindel pre-tax losses to be higher after restatement
Home shopping group Findel is to restate results for the year to April 3, 2009, following a review of accounting entries within its education division.
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NewsM&S appoints kidswear chief to head share battle
Marks & Spencer has promoted Karl Doyle to the role of trading director for kidswear.
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NewsTed Baker sets sights on India despite global trading challenges
Ted Baker is targeting India as it continues to expand into new markets.
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OpinionBolland can refine M&S execution
There is scope for executional improvement throughout M&S so that the promise of the ads is fully reflected in what the customer finds in-store. Perhaps that will be Bolland’s biggest impact.
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News
Super Thursday retail updates bolster stocks
A round of strong results from retailers as diverse as Next and Kingfisher on ‘super Thursday’ last week helped lift some store stocks, but general retailers overall lagged the All-Share index and food shares were moribund.
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NewsBrand overhaul on the cards for Clinton
Greeting cards retailer Clinton Cards has embarked on its biggest ever portfolio and branding review that could result in a “complete change” in the look and feel of its stores.
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NewsInvest in stores or customers will not trade up, Harrods chief warns
Harrods managing director Michael Ward has warned retailers that it is essential to invest in the store environment during the downturn to give shoppers a reason to trade up.
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NewsSimon Wolfson thinks long term as Next performance picks up
Next will focus on extending its home offer and cutting clothing lead times to maintain momentum after delivering its first full-year like-for-like sales growth in four years.
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NewsJJB Sports financing deal to provide 'greater flexibility'
Sports group JJB has amended its banking arrangements, which should give the retailer increased financial flexibility.
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NewsBarclays eyes Poundland
Poundland has received an expression of interest from Barclays Private Equity to buy the retailer for around £200m, according to The Independent.