All articles by George MacDonald – Page 244
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NewsGeneral retail stocks outshine the index
General retailers performed strongly over the week, putting food stocks and the All-Share index in the shade.
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NewsMicrosoft tycoon Bill Gates takes stake in JJB Sports
Billionaire Bill Gates has taken a stake in embattled sports retailer JJB, it emerged today.
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NewsMothercare reports strong first quarter
Like-for-like sales at maternity specialist Mothercare’s core UK business climbed 5.1 per cent in the first quarter.
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NewsMarks & Spencer whistleblower loses case
Tony Goode, the former Marks & Spencer employee sacked for leaking details of planned redundancy pay cuts, has lost his employment tribunal case alleging the retailer breached his human rights.
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NewsSir Stuart Rose attack on discount fashion labelled hypocritical
Marks & Spencer has been accused of hypocrisy over its attack on discount fashion after it emerged the retailer shares suppliers with value giant Primark, The Times has reported.
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NewsJJB Sports threatens legal action against Mike Ashley
JJB Sports has threatened legal action against rival Mike Ashley, founder of Sports Direct, in an escalation of the row over a £1.5m loan to JJB chairman Sir David Jones.
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NewsHot weather sends retail sales down
Last week’s hot weather hit retail footfall and sent general merchandisers’ sales down for a second week running.
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OpinionA kick in the ballots
Some of the biggest retailers have been forced on the defensive in the face of shareholder uprisings unparalleled in more than a decade.
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NewsLoan row takes a bite out of JJB’s value
Tragedy turned to farce at JJB Sports. The troubled retailer became embroiled in controversy when it emerged that executive chairman Sir David Jones had taken a loan from arch-rival Mike Ashley, founder of Sports Direct.
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NewsThird profit warning puts Carrefour under spotlight
Carrefour, the world’s second biggest retailer, last week issued its third profit warning in just 12 months.
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NewsSir Philip Green warns of uncertain final quarter
Retailers face uncertain trading conditions in the crucial final quarter of the year, Arcadia tycoon Sir Philip Green has warned.
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NewsShareholder revolt embarrasses Home Retail
Home Retail Group, owner of Argos and Homebase, says it has “taken note” of investor concern about directors’ bonuses after a shareholder revolt at Wednesday’s AGM.
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NewsClothing prices to rise as cost increases hit Marks & Spencer
Marks & Spencer will pass on higher business costs to consumers by raising prices later this year, executive chairman Sir Stuart Rose revealed.
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NewsCastorama holds firm as French DIY sector shrinks
Castorama holds firm as French DIY sector shrinks
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NewsThe race hots up to be Marks & Spencer’s next chief executive
The odds on leading internal candidates to succeed Sir Stuart Rose as Marks & Spencer chief executive have lengthened, according to top betting firm Paddy Power.
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NewsPromising updates lift general retail stocks
Encouraging weekly numbers from John Lewis, hopes that Marks & Spencer’s first-quarter update would beat bearish expectations and a profits rise at HMV helped lift general retailers.
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OpinionA tale of two retailers
Two sets of results issued on Monday illustrated perfectly how the retail sector has polarised. While online meteor Asos celebrated a stellar year, department store tiddler Beales was hunkering down for continued hard times after a challenging first half.
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NewsGame like-for-like sales plummet
Computer entertainment retailer Game has reported a 15.4 per cent fall in group like-for-like sales in the 21 weeks to June 27.
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NewsKmart cuts prices for the unemployed
US retailer Kmart has launched a money-off programme for the jobless in its original home state of Michigan.
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NewsWinding up of Woolworths made advisers £14m
Woolworths’ administrator Deloitte, restructuring specialist Hilco and other advisers were paid at least £14m to wind up the variety store group.