Latest finance news – Page 298
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NewsYoox Net-a-Porter reveals soaring profits and sales
Yoox Net-a-Porter has revealed rocketing full-year profits and sales, with boss Federico Marchetti hailing the retailer’s “superiority”.
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NewsMySale breaks into the black as half-year sales jump
Discount fashion website MySale has broken into the black as sales jumped 19% to AUS$127m in the six months to December 31, 2016.
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NewsZalando profits and sales rocket amid expansion
German fashion etailer Zalando has doubled its profits and sent sales soaring in its full year to December 31, 2016.
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NewsFood prices rise as slumped pound hits grocery bills
Food prices climbed 0.4% last month as the slumped value of the pound and increased import costs started to impact grocery bills.
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NewsBreakfast briefing: UK shop prices, Burberry and more
Retail news round-up: UK shop prices decline, shares in Burberry increase and Greggs reports increase in sales and profits
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NewsToday in retail: Sir Philip Green pays up
Ex-BHS owner Sir Philip Green has settled the collapsed department store’s pension debt, agreeing to pay up to £363m.
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NewsPoundland delivers quarterly like-for-like sales rise
Value variety store business Poundland has notched up a quarterly like-for-like sales rise, owner Steinhoff reported.
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NewsJones Bootmaker put up for sale by owner
Jones Bootmaker has been put up for sale by owner Alteri, which bought the retailer two years ago.
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NewsBoohoo profits to come in at top of expectations
Fashion etailer Boohoo expects profits to be at the top of its guided range after strong trading in recent weeks.
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NewsConsumer confidence dips as ‘mounting pressures’ bite
Overall consumer confidence fell one point in February to -6 as shoppers become increasingly nervous about making big-ticket purchases.
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NewsStaples rebranded Office Outlet by HMV-owner Hilco
Staples’ 106 UK stores are being renamed Office Outlet by new-owner Hilco Capital, which snapped up the retailer last year for a nominal sum.
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NewsAshley enters the fray as Agent Provocateur sale nears
Mike Ashley’s Sports Direct has emerged as a bidder in the race for struggling upmarket lingerie chain Agent Provocateur.
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NewsBusiness rates: Labour ramps up pressure over reform
Shadow chancellor John McDonnell will host a roundtable on business rates today as Labour ramps up the pressure on the government to reform the system.
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NewsMcColl’s full-year profits slide despite rising sales
McColl’s has posted a drop in full-year profits after the acquisition of almost 300 Co-op stores weighed on its bottom line.
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NewsPrimark half-year sales spike amid ‘strong’ expansion
Primark expects to post a jump in total sales and like-for-likes in the UK during its first half following a “very strong” store opening programme.
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NewsBreakfast briefing: Tesco and the Co-op
Retail news round-up: Tesco-Booker adviser wins contracts with regulator, Co-op group commits to 100% Fairtrade cocoa in its products
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NewsThis week in retail: Primark's take on fashion market
Value fashion powerhouse Primark takes to the City catwalk this morning with a pre-close update ahead of next month’s interims.
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NewsTrade bodies lobby Government over rates reform
A group of trade bodies, including the British Retail Consortium (BRC), have written to the Government urging reform of the business rates revaluation.
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NewsToday in retail: Is it a new Day for department stores?
Edinburgh Woollen Mill Group has snapped up a former BHS site in Wales, which is set to be named after the group’s owner Philip Day.
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NewsHotel Chocolat to launch in-store 'Chocolate Lock-Ins'
Hotel Chocolat is preparing to launch ‘Chocolate Lock-Ins’ at stores across the UK as it ramps up its experiential retail credentials, Retail Week can reveal.