Latest finance news – Page 482
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NewsNew Look defies high street woes as profits rise 30%
New Look has defied tough consumer spending conditions to report a 30% increase in profit.
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NewsAldi profits rocket as shoppers feel the pinch
Aldi has recorded a 450% rise in operating profit to £103m as turnover rose 29% to £2.7bn.
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NewsRetail administration levels fall but Christmas fears remain
The number of retail administrations fell in the last quarter however fears remain that Christmas could send a number of retailers out of business.
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NewsDixons hires managing director for its Scandinavian business
Dixons has hired a managing director for its Northern Europe business.
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NewsAnalysis: Lakeland boss optimistic for Christmas sales growth
Despite tough trading conditions, homewares retailer Lakeland is steadily expanding.
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News
Walgreens to close 76 USA Drug-affiliated stores
Walgreens is to close its 76 USA Drug-affiliated stores by November as part of its acquisition of LaFrance Pharmacy.The closures will be in Tennessee, Mississippi and Arkansas. The programme comes after Walgreens announced the $438m (£269.9m) LaFrance acquisition in July.Walgreens spokesman Jim Graham said: “Our decisions about store closures are ...
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NewsFair Rates for Retail: Retailers urge rates freeze
Top retailers have called for a freeze on business rates and changes to how the charge is calculated as they face a likely increase of £200m next year.
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NewsFair Rates for Retail: Retail leaders lend their support
Some of the industry’s top names are backing Retail Week and the BRC’s Fair Rates for Retail campaign to lobby the Government to freeze business rates next year, following two years of punitive rates increases.
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NewsSports Direct closes in on JJB Sports deal despite Adidas obstacle
Unwanted JJB Sports stores are likely to face rapid closure if, as expected, likely buyer Sports Direct snaps up the retailer’s prime stores and stock.
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NewsHouse of Fraser positive after 'strong start' to second half
Like-for-like sales at House of Fraser rose 0.6% in the second quarter and the retailer said it had recorded a “strong start” to the second half.
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NewsThe Hut sales soar as EBITDA grows
Sales shot up at The Hut Group in the first half as EBITDA also grew at the online retail group.
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NewsTopps Tiles to hit profit target after strong fourth quarter
Topps Tiles has forecast pre-tax profit will hit analysts’ consensus of £13.1m, while full-year like-for-like sales are likely to slip by 1%.
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NewsSpeculation mounts over Qatari interest in Sainsbury's
Speculation is mounting that Qatari investors are eyeing a bigger stake in Sainsbury’s.
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NewsPre-tax profit leaps at The Range
Pre-tax profit at value homewares and furniture retailer The Range surged almost 30% last year.
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NewsJJB Sports to appoint administrator but sale expected in "next few days"
JJB Sports intends to appoint KPMG as adminstrator and a pre-pack deal is expected in the “next few days”.
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NewsFocus on grabbing share rather than economy, urges JLP chairman
John Lewis Partnership chairman Charlie Mayfield said retailers should be focussing on how they can steal share as economic conditions remain tough.
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NewsSuperGroup shareholders rebel against boss Julian Dunkerton
Almost one in five shareholders of fashion retailer SuperGroup opposed the re-election of management and pay proposals at the company’s annual meeting on Thursday.
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NewsHMV like-for-likes slump 11.6% after poor summer release schedule
Entertainment retailer HMV suffered a like-for-like sales slump of 11.6% in the 20 weeks to September 15 but remains confident it will benefit from a strong release schedule in the run-up to Christmas.
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NewsAnalysis: Signet enjoys sales growth in 2012
Sales have been growing at the jeweller’s UK arm after a tough period.
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NewsKPMG promotes David McCorquodale to head of retail
Accountancy firm KPMG has promoted David McCorquodale to UK head of retail to replace Helen Dickinson, who is leaving to join the British Retail Consortium.