Latest finance news – Page 473
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NewsNext Christmas sales up 3.9%
Fashion retailer Next posted total sales up 3.9% in the Christmas trading period, as it narrowed its profit guidance.
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NewsRetail administrations jump 6% in 2012
The number of retailers falling into administration jumped 6% year on year in 2012, according to accountancy firm Deloitte which predicts further distress for the sector in the year ahead.
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NewsBeds retailer Dreams up for sale
Beds retailer Dreams has been put up for sale, it is understood.
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NewsJeweller Theo Fennell halves losses as takeover talks continue
Jeweller Theo Fennell more than halved its losses in the first half as takeover talks continue.
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Inditex posts net sales increase
Fashion retailer Inditex has posted a net sales rise of 17% to E11.36bn (£9.23bn) for the nine months ended October 31.The addition of stores in emerging markets and the expansion of the online business boosted sales.Group net profit rose 27% to E1.66bn (£1.35bn), aided by new stores. The retailer opened ...
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Drugstore retailer CVS anticipates "solid enterprise growth"
Drugstore retailer CVS anticipates “solid enterprise growth” for the 2013 financial year, with net revenue growth increasing from 0.75% to 2%. Retail pharmacy net sales growth is expected to be in the 1.25% to 2.5% range, with like-for-like sales gains of 0.25% to 1.5%.
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NewsBlackwell's losses narrow despite falling sales
Blackwell’s narrowed its losses last year after disposing of its Dutch subsidiary Houtschild for €1m in June.
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NewsHMV eyed by Apollo Global Management
Struggling entertainment retailer HMV is being eyed for a takeover by Apollo Global Management, one of the world’s largest investment groups.
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News'HMV still has a place on the high street', insists chief executive Trevor Moore
HMV’s new boss Trevor Moore has insisted there is a demand for a high street entertainment retailer despite HMV warning that it may breach its banking covenant at the end of January.
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NewsMoss Bros like-for-likes jump 3.7%
Formal menswear retailer Moss Bros has posted a 3.7% jump in like-for-likes for the 19 weeks to December 8, 2012.
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NewsLaura Ashley like-for-likes up 4.9%
Laura Ashley like-for-likes increased 4.9% in the 19 weeks to December 8, 2012.
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NewsLandmark Christmas as tablet and mobile orders surge
Tablet and mobile orders surge as shoppers turn to web for festive purchases
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NewsAnalysis: Overseas success for beauty retailer Lush
The beauty products retailer continues to build sales and narrow UK retail losses.
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NewsBRC boss tells retailers to keep fighting for fair rates
The British Retail Consortium’s (BRC) new director-general Helen Dickinson has urged retailers to keep fighting for fairer business rates, despite the Chancellor shunning the issue in his Autumn Statement last week.
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NewsHMV warns over covenants despite narrowing first-half losses
HMV has warned it might breach its banking covenants despite narrowing losses and improved like-for-like sales in the first half.
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NewsSports Direct first-half profits soar as House of Fraser speculation grows
Sports Direct’s pre-tax profit soared in its first half as speculation builds that it is in talks to buy department store House of Fraser.
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Convenience store operator CP All reports record net profit
Convenience store operator CP All has reported a record net profit of Bt2.9bn (£58.9m) for the third quarter ended September 30, up 33% year on year, thanks to higher sales as a result of a promotional campaign.CP All aims to open about 500 new 7-Eleven convenience stores in Thailand next ...
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NewsAsos’ UK business has ‘turned a corner’ as sales rocket 24%
Asos boss Nick Robertson said the fashion etailer has “turned a corner” in the UK after a focus on price drove a sales surge in its first quarter.
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NewsGlasses Direct owner acquires contact lens specialist LensOn
Optical specialist Prescription Eyewear has acquired online contact lens specialist LensOn.
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NewsPets at Home buys equestrian etailer Ride-Away
Pets at Home has acquired online and catalogue equestrian retailer Ride-Away, which is expected to “significantly expand” the retailer’s specialist credentials.