All City & finance articles – Page 61
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NewsCredit insurer cuts cover for The Very Group suppliers
The Very Group’s credit insurer Allianz Trade has cut cover for its suppliers, which threatens to increase financial pressures on the retailer, according to reports.
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NewsExclusive: Body Shop owners set deadline for final bids
Retail Week understands that Natura & Co has set a final deadline for bids from interested parties for The Body Shop of October 23.
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NewsExclusive: Fat Face boss Will Crumbie says product is ‘at the heart’ of success as sales soar
Fat Face boss Will Crumbie has said product is “at the heart” of its success as the fashion retailer reported a surge in sales and profits for the full year.
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NewsExclusive: Prospective bidders for The Body Shop balk at £500m valuation
Private equity bidders in the running to buy The Body Shop are being put off by its Brazilian owner Natura’s high valuation on any potential sale, Retail Week can reveal.
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NewsTopps Tiles sales soar in ‘record’ year
Topps Tiles has posted an increase in sales and said it expects adjusted profit before tax to be “in line with market expectations” as it hailed another “record” year.
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NewsTesco profits and sales surge as focus on value pays off
Tesco has posted an increase in both profits and sales during its first half, as well as raising its full-year profit guidance, as its investment in value and quality pays off.
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AnalysisThe issues plaguing Boohoo as it loses battle against Shein
As Boohoo posted a fall in revenue and profits earlier today for the six months to August 31, Retail Week looks at what’s going wrong at the fashion giant as it continues to fall behind in the fast-fashion battle.
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NewsGreggs sales soar as it maintains profit guidance
Greggs has reported a surge in sales helped by “increased customer visits” as it expects its full-year outcome to be “in line with previous expectations”.
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NewsBoohoo revenue and profits decline as it issues double-digit profit warning
Boohoo has posted a fall in revenue and profits in the six months to August 31, but said it is working on “improved profitability and getting back to growth”.
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NewsNext to appoint Reiss executive as CFO Amanda James steps down
Next chief financial officer Amanda James is stepping down from her role and retiring from full-time work after 28 years at the retailer in July next year.
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NewsVictoria Plum sold to Beds.co.uk owner
AHK Designs, the owner of Beds.co.uk and furniture retailer Cox & Cox, has purchased bathroom retailer Victoria Plum.
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NewsNike pledges to build success with ‘greater consistency and speed’
Sportswear giant Nike is to double down on drivers of success after a first quarter in which it beat earnings expectations but missed anticipated sales.
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NewsWilko creditors face prospect of as little as 4p in pound payback
Creditors of bust retailer Wilko are expected to lose most of their money, its administrator has estimated.
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NewsJohn Lewis ponders £150m sale and leaseback of Waitrose stores
John Lewis Partnership aims to generate £150m from the sale and leaseback of 12 Waitrose stores as it seeks to bolster its finances.
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NewsCard Factory profits soar driven by strong store performance
Card Factory reported an increase in profits and sales driven by “value and quality proposition and the strength of our store estate”.
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NewsAsos posts profits as turnaround strategy pays off
The online fashion giant posted profits despite sales declining in the fourth quarter of the year as its turnaround strategy paid off.
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AnalysisSupermarket sweep: What Aldi and Lidl’s results say about the state of the grocery market
Aldi and Lidl’s 2022 results reveal where the two brands are enjoying similar success and where the pair are out of lockstep.
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NewsAldi posts ‘record sales’ as it gains a million customers
Aldi has posted “record sales” in the 12 months to December 2022, claiming the cost-of-living crisis has “transformed” the way the UK shops.
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NewsThe Entertainer posts sales boost but ‘remains cautious’
The Entertainer has posted sales growth that outperforms the wider toy market but said it “remains cautious” about its short-term outlook.
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NewsMothercare revenue and profit declines ahead of refinancing
Mothercare has reported a drop in revenue and profit ahead of completing a refinancing of the business to ensure it has “adequate and appropriate” funds for the future.