Latest finance news – Page 234
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News
Asos profits soar as customer numbers rise
Asos has reported a 28% increase in full-year profits to £102m in “a year of substantial progress”.
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NewsSainsbury's-Asda: CMA to consider Aldi and Lidl impact
The competition watchdog will consider the impact Aldi and Lidl have had on the UK grocery market during its probe of the proposed Sainsbury’s-Asda merger.
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NewsFootasylum staggers to half-year loss as sales rise
Footasylum has recorded a pre-tax loss at the half-year mark in what executive chairman Barry Bown described as “a difficult trading period”.
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NewsAccessories specialist Claire’s considers CVA
Claire’s, the accessories specialist with about 350 shops, is understood to be pondering a CVA.
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NewsSears files for bankruptcy as debt pile mounts
Sears has filed for bankruptcy protection after buckling under the weight of falling sales and a $134m (£102.1m) debt payment.
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NewsSuperdry warns on profit amid ‘unseasonably’ hot weather
Superdry has warned that sluggish demand for its autumn and winter ranges is expected to “adversely impact” its bottom line.
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NewsBooths hails 'progress' as full-year losses narrow
Booths has narrowed its losses as the retailer’s bosses ramp up plans to “transform the business”.
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NewsAgenda: Asos, Footasylum, Gear4Music and grocery sales
Retail Week looks ahead to the next seven days with updates from Asos, Footasylum and Gear4Music, plus the latest grocery sales data, all on the agenda.
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NewsHamleys plunges to £12m loss as sales fall
Hamleys has swung to a full-year loss in what chief executive Ralph Cunningham described as “one of the most challenging years in UK retail history”.
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NewsBoots' fourth quarter sales fall as beauty stutters
Boots has recorded declines across its beauty and pharmacy sales, which Walgreens Boots Alliance attributed to “lower prescription volume and a decline in UK pharmacy funding”.
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NewsDecathlon drops into the red despite sales rise
Decathlon has fallen to a loss in its full-year as competition from supermarkets hampered its like-for-like sales.
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NewsCoast collapses into administration, 300 jobs at risk
Coast has tumbled into administration following “difficult trading conditions”, putting 300 jobs at risk.
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NewsN Brown sustained by financial services as product flops
N Brown was carried by its financial services performance in its half years with product revenues falling.
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NewsWHSmith to close high street stores amid falling profits
WHSmith’s high street profits and sales fell during its last year, with the business boosted by its travel arm.
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NewsTK Maxx profits drop as it ramps up store estate
TK Maxx has recorded a decline in its full-year profits as it ploughed investment into its IT proposition and bolstered its bricks-and-mortar network.
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NewsWilko swings to red as exceptional costs rack up
Wilko posted a pre-tax loss due to one-off costs as sales rose, in what chief operating officer Sean Toal described as a “tough trading environment”.
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NewsMaplin creditors braced for huge losses
Maplin’s creditors will receive just a fraction of the cash they are owed following the electricals specialist’s collapse into administration.
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NewsTapi losses widen amid rapid store expansion
Tapi has suffered widening full-year losses as it pressed ahead with its aggressive store expansion plan.
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NewsFrench Connection sale on cards as Marks eyes exit
French Connection founder Stephen Marks is seeking to sell his 42% stake in the fashion retailer.
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NewsTesco boss Lewis urges tax on products sold online
Tesco chief executive Dave Lewis has urged a tax on products sold online to prevent bricks-and-mortar retailers being destroyed by etail competitors.