Latest finance news – Page 306
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NewsToday in retail: Aldi brings good tidings for discounters
Aldi proved plenty of soothsayers wrong today, hitting back at the weekend’s gloomy headlines by grabbing plenty of positive column inches with its best-ever Christmas.
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NewsSuperdrug Christmas sales jump driven by make-up and online
Superdrug has reported a bumper Christmas trading performance after strong make-up, gift range and online sales.
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NewsThe Hut Group steps up credit to fuel future expansion
MyProtein owner The Hut Group has expanded its credit facility, attaining £345m to fund potential acquisitions and future expansion.
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NewsOak Furniture Land boss eyes sale to boost US arm
Oak Furniture Land boss Jason Bannister is considering selling off a chunk of the furniture retailer he founded in 2004.
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NewsAldi’s premium ranges drive Christmas sales spike
Aldi has posted a jump in December sales, driven by the success of its expanded luxury ranges.
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NewsBoohoo.com bid for Nasty Gal moves step closer
Boohoo.com’s acquisition of US brand Nasty Gal has moved a step closer after the US Bankruptcy Court approved the process to sell its assets.
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NewsMaplin Christmas sales soar as drones take off
Maplin has hailed “one of its strongest Christmas trading periods” as drones helped sales fly during the golden quarter.
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NewsBreakfast briefing: Sports Direct, Hobbs and more
Retail news round-up: Sports Direct to sell its brands, Hobbs put up for sale and supermarkets report solid Christmas trading.
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NewsToday in retail: Paphitis builds business despite ‘perfect storm’
Entrepreneur Theo Paphitis’s eponymous retail group updated on seasonal trading today – an interesting business because of its range of interests.
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NewsRates reform not needed – Mountain Warehouse boss
Mountain Warehouse boss Mark Neale has voiced his objections to industry calls for business rates reform and said it could bring unintended consequences.
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NewsGear4music hits the right notes in run-up to Christmas
Online musical instrument retailer Gear4music has unveiled a jump in like-for-likes in the run-up to Christmas driven by strong own-brand sales.
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NewsTimpson expands services with dry-cleaning acquisition
High-street stalwart Timpson has acquired the dry-cleaning arm of Johnson Services Group for £8.25m as it moves to expand its services offer.
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NewsBoux Avenue spearheads Christmas sales rise for Paphitis
Theo Paphitis’s Boux Avenue lingerie business led a sales uplift at his group over Christmas, the tycoon has revealed to Retail Week.
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NewsMountain Warehouse toasts bumper Christmas sales
Outdoor clothing specialist Mountain Warehouse has toasted an “outstanding” Christmas trading performance as like-for-likes jumped 13.6%, Retail Week can reveal.
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NewsHMV and Staples owner Hilco names Henry Foster as new boss
HMV owner Hilco Capital has appointed Henry Foster as its new chief executive, replacing Paul McGowan at the helm.
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NewsMamas & Papas hails ‘encouraging’ Christmas trading
Nursery retailer Mamas & Papas unveiled an 11% increase in like-for-like sales in the 13 weeks to Christmas Day, driven by a rise in personal shopping.
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NewsNisa sales rise over Christmas as promotions pay off
Nisa’s like-for-likes climbed during the Christmas trading period as investments in seasonal promotions drove sales.
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NewsThe Fragrance Shop posts jump in Christmas sales
The Fragrance Shop registered an increase in like-for-like sales during the Christmas period, driven by the performance of luxury brands.
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NewsB&M Bargains sales soar in run-up to Christmas
B&M Bargains sales rocketed in the three months to Christmas Eve, with UK like-for-likes rising 7.2%.
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NewsShop prices fall but rate of decline starts to slow
Shop prices fell once more in December but the rate of decline has begun to slow.