Latest finance news – Page 268
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NewsGames Workshop sales and profits 'well above' last year
Fantasy game specialist Games Workshop has said that its sales and profits are running “well above” the level they were at last year.
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NewsWickes like-for-likes slow in ‘difficult’ market
Wickes like-for-like growth slowed to 2.4% in its third quarter as it faced an “increasingly difficult market environment”.
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NewsToday in retail: Sainsbury’s cuts are a necessary evil
Sainsbury’s revelation that it is axing 2,000 roles as it restructures its human resources team represents a painful but necessary move.
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NewsTapi losses widen amid ‘aggressive’ store expansion
Tapi – the flooring retailer set up by Martin Harris, son of Carpetright founder Lord Harris – racked up pre-tax losses of £10.2m in 2016.
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NewsBRC calls for business rates freeze as inflation bites
The British Retail Consortium (BRC) has called for business rates to be frozen as UK inflation reaches a five-year high.
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NewsAsos profits skyrocket bolstered by weak pound
Asos’ full-year profits have more than doubled, driven by strong international sales and currency tailwinds in what boss Nick Beighton dubbed “a great year”.
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NewsToday in retail: Zara's store shake-up hits bottom line
Fast fashion high-flier Zara latest full-year results were uncharacteristically subdued today as changes to its store portfolio impacted profits.
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NewsZara UK full-year profits drop despite surging sales
Zara’s British arm suffered a fall in earnings last year despite a spike in sales.
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NewsAgenda: Asos updates the market with its preliminary results
Retail Week looks ahead to the next seven days, with a preliminary update from Asos on the agenda.
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NewsToday in retail: WHSmith's new direction of travel
WHSmith’s travel division overtook its traditional high street presence for the first time this year, contributing the lion’s share of both profits and sales.
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NewsWHSmith profits up as travel sales outstrip high street
WHSmith posted a surge in pre-tax profits bolstered by its travel division, whose total sales surpassed its high street division for the first time.
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NewsTesco target Booker’s profits surge as sales rise
Tesco’s intended acquisition Booker has reported a jump in profits in its first half, although its sales rise was dampened by plummeting demand for tobacco.
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NewsN Brown partners with Amazon Fashion as profits edge up
N Brown has recorded a rise in profit bolstered by strong sales across its core brands.
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NewsDunelm like-for-likes jump but margins hit
Dunelm like-for-likes jumped 9.3% in its first quarter although gross margin was down 220 basis points.
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NewsQuiz sales surge in first half as online rockets
Quiz’s sales surged 35% to £56.1m in its first half as it continued its omnichannel expansion in the UK and overseas.
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NewsToday in retail: Co-op closes in on Nisa deal
The Co-op’s swoop for Nisa took a giant step forward today when the symbol group and wholesaler’s board recommended the £137.5m offer to shareholders.
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NewsNisa board recommends Co-op’s £137.5m offer
Nisa’s board has “unanimously” recommended the Co-op’s offer worth up to £137.5m to its shareholders.
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NewsTed Baker profits rise bolstered by international sales
Ted Baker has reported healthy increases in its interim profits and sales, driven by increased demand in America and Asia and a thriving ecommerce arm.
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NewsToday in retail: What next for Oasis, Coast, Warehouse?
Having been on the block for a number of months, Oasis, Coast and Warehouse will not be changing ownership after all.
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NewsMatalan profits rise boosted by full price sales
Matalan has posted a jump in second-quarter profits as surging full price sales and the performance of revamped stores boosted its bottom line.