All articles by Hugh Radojev – Page 18
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News
Morrisons profits come in at top end of guidance despite slump
Morrisons has reported a slump in full-year profits and sales but said adjusted EBITDA will come in at the top end of guidance in the third quarter.
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Asda owners weigh up £12bn merger with EG Group petrol stations
Billionaire brothers Mohsin and Zuber Issa are exploring a merger of Asda and their petrol forecourt empire.
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Hotel Chocolat enjoys festive high street boost as it eyes fresh UK expansion
Hotel Chocolat hailed the bounce back of the high street over the Christmas period and unveiled plans to ramp up store expansion over the next three years.
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Deliveroo profits break even despite dwindling order volume
Deliveroo has taken a step towards profitability, having broken even on EBITDA, despite dwindling order numbers across its UK and international businesses.
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News
Dunelm upgrades profit outlook as sales skyrocket
Dunelm has upgraded its profit forecast after a strong performance over Christmas saw sales skyrocket.
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Boohoo blames strong comparatives and long lead times for sales slump
Pureplay fashion giant Boohoo has blamed strong year-on-year comparatives and extended international delivery times for a slump in sales.
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News
CMA launches inquiry into £600m Asda forecourt c-stores deal
The Competition and Markets Authority (CMA) has launched an inquiry into Asda’s proposed £600m acquisition of 129 Co-op forecourt convenience stores.
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News
Aldi increases base rate of pay for warehouse workers
Discounter Aldi has raised the base rate of pay for its warehouse workers by 20%, following on from an increase for store staff earlier in the month.
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WHSmith in ‘strongest ever position’ as international travel opens up
WHSmith is in its “strongest ever position as a global travel retailer” after travel revenues across its UK and international travel businesses soared.
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News
Currys confident UK performance will offset decline in international arm
Currys’ revenues fell over the festive period, although the retailer’s UK and Ireland business delivered better-than-forecast results to offset issues internationally.
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Analysis
Analysis: After festive footfall miracle, is bricks-and-mortar having a renaissance?
As a fuller picture of Christmas trading begins to take shape, it is emerging that retailers with stores fared better. Is bricks-and-mortar back for good, or will a new year bring new headaches?
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News
DFS reiterates profit guidance after strong start to the year
Furniture specialist DFS has reiterated its full-year profit guidance and hailed a strong start to winter trading, having spent much of last financial year struggling with low customer demand.
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Analysis
Analysis: How retail confounded the doom and gloom to achieve a very merry Christmas
As soon as retailers’ Christmas updates started coming in, it was clear that something unexpected had happened – the festive season had been better than anticipated for many
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Analysis
Analysis: After a bumper Christmas, is Argos finally back to its best?
Argos was the surprise star performer for Sainsbury’s over Christmas, driving strong general merchandise sales growth. After years of underperformance, is Argos back at its best?
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News
Sainsbury’s defies inflationary gloom to deliver ‘best possible Christmas’
Sainsbury’s has raised full-year profit expectations after reporting a jump in sales across its core grocery and Argos businesses during the festive period.
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News
JD Sports upgrades profit expectations as Christmas sales soar
JD Sports said it expects full-year profits to come in at the very top end of expectations after its sales doubled over the Christmas period.
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News
Seasalt enjoys record Christmas store trading but warns of online challenges
Cornish fashion brand Seasalt hailed record in-store trading over Christmas but warned online sales would continue to be challenging in 2023 due to macroeconomic conditions.
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News
Waitrose launches month-long offers to help customers with cost of living
Waitrose is offering customers price reductions across thousands of products during January to help ease the ongoing cost-of-living crisis.
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News
Wilko secures £40m lifeline as it reshuffles non-executive board
General merchandise retailer Wilko has secured a £40m funding lifeline from noted high street lender Hilco and has announced a change at the head of its board.
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News
Grocery sales hit record £12.8bn over Christmas as inflation drives up prices
Take-home grocery sales passed the £12bn mark for the first time in December, with inflation the key driving factor as volumes decreased.