Latest finance news – Page 531
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NewsDebenhams to trial 'online shops' in store
Debenhams is to pilot ‘online shops’ within its mid-sized department stores in a bid to grow its market share in today’s stagnant market.
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NewsNew TJ Hughes owners to address sourcing after rescue refinancing
The new chairman of TJ Hughes has refinanced the discount department store business and set out to address its sourcing strategy after soaring costs and slumping margins drove the business to the brink.
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NewsNo downturn for Burberry as sales soar in final quarter
Luxury British retailer and brand Burberry expects earnings to come in at the top end of expectations after a strong final quarter.
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NewsDixons Retail to bow out of loss-making Spain
Electricals group Dixons Retail is to say adiós to Spain and shut its loss-making business there as part of its strategy to concentrate on “winning markets and formats”.
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NewsBest Buy Europe to sell off Belgian Phone House
Best Buy Europe, the joint venture between Carphone Warehouse and US electricals group Best Buy, is to sell its Belgian retail business.
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NewsDunelm’s growth prospects impress
Value homewares group Dunelm posted a better than expected third quarter, when sales rose 9.4% to £139m.
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NewsTesco stays on target but UK disappoints
Tesco’s first set of prelims under new boss Phil Clarke came in much as expected, although there were some City worries at the UK performance and scale of US losses.
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NewsIdeal Shopping to be sold in £78m deal
Home shopping group Ideal Shopping Direct is set to be sold to private equity firm Inflexion and its management in a £78.3m deal.
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NewsBurberry expects profits at top end of expectations after strong Q4
Burberry expects its adjusted pre-tax profit to be at the top end of market expectations as the retailer reported a 33% surge in sales for the fourth quarter to March 31.
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NewsTesco reports £3.7bn profits, but UK can "do better"
Tesco has reported trading profit up 7.8% to £3.7bn with strong growth in Asia, but the grocer said it needs to “do better” in the UK.
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NewsPressure to sell Waterstone's mounts as HMV's value plummets
Pressure is mounting for HMV to hasten the sale of Waterstone’s as the value of the entire group fell below its asking price for the book chain.
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NewsFeelunique.com sales and profits rise
Online beauty retailer Feelunique.com has reported a rise in sales and profits for the year to the end of March 2011.
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NewsBest Buy Europe sells Belgian business
Best Buy Europe, the joint venture between Carphone Warehouse and US electrical group Best Buy, is to sell its Belgian retail business.
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NewsRetail stocks robust after bleak BRC news
The worst monthly retail sales drop in 16 years was the industry’s big talking point but store stocks were up in the week concluded by the dire BRC trading data.
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NewsSignet shares up after strong results
Investec has increased its target share price for jeweller Signet after it delivered preliminary results at the upper end of expectations.
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NewsCarpetright forced to issue a second profit warning
Floor coverings giant Carpetright issued another profit warning last week as tough trading conditions continued.
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NewsHalfords blames weather for weak sales
Motor parts and bikes retailer Halfords remains optimistic about the outlook for the year despite a slump in car-related sales.
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NewsAsos eyes new markets as international sales beat UK
Asos’s overseas sales overtook UK revenues for the first time in the fourth quarter and the online fashion giant is now considering where else to launch country-specific sites.
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NewsScS defies big-ticket gloom with return to profit after sales climb
Sofas retailer ScS has bounced back into the black after focusing on widening its appeal, improving customer service and tight control of costs.
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News
LoveHoney.com acquires BeCheeky.com
Sex toy and lingerie etailer LoveHoney.com is gunning for a more mainstream audience after acquiring liquidated underwear etailer BeCheeky.com.