Latest finance news – Page 271
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NewsWyevale unveils new strategy after profits dive
Wyevale Garden Centres has unveiled a new business strategy after losses spiralled in its last full year, Retail Week can reveal.
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NewsAldi profits fall again despite sales rise
Aldi’s profits have fallen for the third year in a row, despite sales and market share doubling in just four years.
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NewsAgenda: Aldi, Boohoo, Hotel Chocolat and Card Factory
Retail Week looks ahead to the next seven days, with financial updates from Aldi, Card Factory, Hotel Chocolat, Moss Bros and Boohoo all on the agenda.
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NewsThe Co-op vows to hold back inflation
Co-op boss Steve Murrells vowed to pursue new opportunities to build its scale in order to minimise price inflation for hard-pressed consumers.
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NewsCo-op member reward scheme eats into half-year profits
Co-op’s underlying pre-tax profits slumped in its first half as the group invested in its member reward scheme and earnings fell in its insurance business.
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NewsRiver Island profits slip despite sales climb
River Island’s profits slipped during its last full year despite a slight rise in sales.
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NewsOpinion: Hotel Chocolat is brewing a recipe for success
The Alternative Investment Market (AIM) has proven a hotbed for rapidly growing retailers in the UK since its formation just over 20 years ago.
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NewsKingfisher sales and profits rise despite ‘disruption'
B&Q and Screwfix owner Kingfisher has reported increased sales and profits at the interim mark, but said “business disruption” hurt its like-for-like sales.
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NewsHoF losses widen as transformation costs bite
House of Fraser has posted widening losses and a drop in like-for-like sales in its half-year update, but new boss Alex Williamson is “optimistic”.
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NewsToday in retail: French Connection flies in fresh faces
French Connection has parachuted in two new non-execs including Shop Direct alumna Sarah Curran as it shaved down its interim losses.
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NewsWalgreens Boots Alliance wins Rite Aid deal approval
Walgreens Boots Alliance has won regulatory approval to take over a clutch of Rite Aid’s stores and warehouses after scaling back its planned acquisition.
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NewsOcado CFO cautions on costs as it grows new warehouse
Ocado has cautioned that costs will rise in its current financial year as it presses ahead with plans to grow its new Andover warehouse.
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NewsOcado sales soar as it scales up fulfilment centres
Ocado sales continued to rise in its third quarter, with group sales up 14.3% in the 13 weeks to August 27.
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NewsToys R Us files for bankruptcy protection in N. America
Toys R Us’ American and Canadian business has filed for bankruptcy protection, just two weeks after it hired lawyers to explore restructuring options.
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NewsFrench Connection losses shrink as non-execs replaced
French Connection narrowed its losses during its first half, despite suffering falling sales.
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NewsKurt Geiger profits jump as online sales surge
Kurt Geiger has posted a jump in full-year profits and sales driven by spikes in sales online and within its women’s categories.
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NewsTesco-Booker merger would ‘impact’ P&H, Bestway warns
Tesco’s proposed acquisition of Booker could put the latter’s ailing wholesale rival Palmer & Harvey out of business, Bestway has warned.
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NewsTK Maxx profits fall amid store openings and rising wages
TK Maxx has posted a slump in full-year profits following investment in new stores and a hike in wage expenses.
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NewsJD Sports nets stake in South Korean chain Hot-T
JD Sports has snapped up a stake in South Korean retailer Hot-T as it presses ahead with its international expansion push.
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NewsAgenda: Kingfisher, Ocado and supermarket sales data
Retail Week looks ahead to the next seven days, with updates from Ocado, Kingfisher and the latest grocery sales data all on the agenda.