All articles by George MacDonald – Page 222
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NewsJohn Lewis records 13.3% weekly sales rise
Department store chain John Lewis generated a sales uplift of 13.3% last week “despite many distractions”.
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NewsOcado will make no money until 2014, adviser says
Online grocer Ocado will not make a profit until 2014, one of the banks advising it on an IPO has revealed.
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NewsDixons campaign will aim to change image
Electricals group Dixons - which is readopting its original name and abandoning the DSGi moniker - is to launch an advertising campaign later this year in an attempt to change what it claims are outdated shopper perceptions.
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OpinionKesa turns on to change
Activist investor Knight Vinke put some spark in electricals retailer Kesa’s share price this week after building up a 3% stake.
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NewsDouble-dip recession fears spook the City
Renewed fears of a double-dip recession following austerity measures put the frighteners on the market on Tuesday, when every FTSE 100 stock fell.
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AnalysisThierry Falque-Pierrotin
The Kesa boss may get short shrift from the UK press, but his plans to refresh Comet and catch up with rival Dixons could win him some fans yet.
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NewsParliament to vote on VAT rise
There will be a parliamentary vote on the planned VAT rise, it is understood, following complaints from the Labour party that discussion would be limited.
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NewsKingfisher puts Euan Sutherland in charge of group sourcing
DIY group Kingfisher has rejigged directors’ responsibilities to put more “management resource” behind its group sourcing drive.
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NewsDebenhams posts like-for-like sales fall and acquires 115 Faith concessions
Department store group Debenhams has reported a like-for-like sales fall of 0.4% for the 42 weeks to June 19 and has agreed to buy bust footwear retailer Faith’s concessions.
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NewsWorld Cup hits current trading at HMV but profits rise 17.7%
The World Cup has hit current trading at HMV but the entertainment group remains confident as it enacts its strategy to evolve the product mix, develop its live music and ticketing business and turn around bookseller Waterstone’s.
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NewsActivist investor builds stake in Kesa
Activist investor Knight Vinke has built up a 3% stake in Anglo-French electricals retailer Kesa, owner of the Darty and Comet chains.
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NewsTheo Fennell performance improves after founder's return
Upmarket jeweller Theo Fennell has reported improving business after a year of restructuring and the return of its eponymous founder in June last year.
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News
Shopworkers’ union backs David Miliband as Labour leader
Shopworkers’ union Usdaw has put its support behind David Miliband to succeed Gordon Brown as leader of the Labour Party.
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NewsMatalan sales and profits climb
Value fashion and homewares retailer Matalan has posted a 30% increase in annual profits.
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NewsFathers' Day helps lift John Lewis sales
Department store chain John Lewis generated a 13% sales rise to £52.5m last week and is poised to launch its Sale this Saturday.
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NewsWarren Buffett increases stake in Tesco
Legendary investor Warren Buffett has increased his stake in supermarket group Tesco and now holds just over 3% of the grocer’s shares.
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NewsComet plans brand overhaul to stand out from competition
Electricals retailer moves to connect with customers and differentiate itself from its rivals
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NewsRetailers in favour despite hike in VAT
Retailers can live with the effects of Tuesday’s emergency Budget: that was the snap judgement of store chiefs and investors alike to the Chancellor’s announcement.
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NewsOcado presses button on IPO
Home shopping group Ocado is to float on the London Stock Exchange after interim EBITDA surged 181% to £8m.
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NewsPrivate equity house Isis invests £4m in gifts etailer GettingPersonal.co.uk
Private equity house Isis has invested £4m in online gifts retailer GettingPersonal.co.uk.