All City & finance articles – Page 536
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NewsSchuh overhauls website as profits defy market woe
Fashion footwear retailer Schuh is to relaunch its website next month after outperforming the market with a 21% leap in EBITDA for the year to March.
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NewsIndigo scores for Marks & Spencer as sales hold firm
Marks & Spencer has hailed the launch of its Indigo casualwear range a success after selling 350,000 items since its debut at the start of September.
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OpinionSecond time lucky for New Look flotation?
New Look is heading the pack of private equity backed retailers considering a return to the market next year.
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NewsWickes sales boosted by showroom ranges
DIY retailer Wickes’ like for likes rose 0.7% in the 39 weeks to September 26.
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NewsAlexon slumps into loss
Womenswear group Alexon Group has reported a pre-tax loss and said recent trading had been “challenging”.
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NewsAsos posts 47% sales increase
Asos has reported a 47% first-half increase in sales, with profits “marginally ahead” of last year.
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NewsMarks & Spencer second quarter beats expectations
Marks & Spencer delivered a better than expected second quarter performance, as UK like-for-like sales declined by just 0.5%, continuing the improving trend seen over the last three quarters.
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NewsBlacks Leisure to close 89 stores
Blacks Leisure is to shut 89 of its loss-making stores and cut jobs at its head office as part of a restructuring.
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NewsJessops completes debt for equity swap to ensure survival
The UK’s largest camera specialist Jessops has unveiled a survival deal which secures 2,000 jobs but leaves its bank owning almost half of the retailer.
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NewsMoss Bros reports £3m loss
Moss Bros has reported first-half pre-tax losses of £3m compared with a £2.2m loss for the same period last year.
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NewsJacques Vert confident profits will beat expectations
Womenswear retailer Jacques Vert has revealed a 0.8% fall in like-for-like sales for the 22 weeks since the beginning of April, but expects increased pre-tax profits for the full year.
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NewsBlacks considers CVA
Blacks Leisure is planning a company voluntary arrangement in order to secure its future.
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NewsNew Look mulls float
New Look, the fashion chain owned by two private-equity companies Apax and Permira, is reportedly considering a £1.7bn stock-market flotation.
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NewsOriginal Factory Shop commits to 400-store expansion as sales rise
Value retailer Original Factory Shop has recorded a 27.1% rise in pre-tax profits to £9.7m in the year to March 29 as it lays out plans for 400 stores within five years.
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NewsHome Bargains to double stores as it speeds to £1bn sales target
Value retailer Home Bargains plans to smash its £1bn revenue target two years earlier than expected, after reporting record sales and earnings in its full-year accounts.
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OpinionA new age of reason
Visits in the past two weeks to the US and Australia have unearthed encouraging signs to counter the fears of a recessionary pandemic that abounded 12 months ago.
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NewsUK set for another tough year, warns Boden chief executive
Boden chief executive Julian Granville said that he expects the UK market to remain tough next year, as likely future tax increases bite into consumers’ disposable income.
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OpinionThe empire strikes back
Tesco publishes its first-half results a week on Tuesday. Sainsbury’s follows with its second-quarter numbers a day later. And this year the pair’s performance – even though not over comparable periods – will be even more of a needle match than usual.
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NewsYouth unemployment won’t hit JD, says boss
JD Sports Fashion chief executive Barry Bown said he was cautiously optimistic about prospects for the year ahead and shrugged off concerns that rising youth unemployment could slow growth.
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NewsFrench Connection looks at strategy as losses grow
French Connection has launched a strategic review after interim losses surged to £12.8m from £5.4m.