Latest finance news – Page 542
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NewsPrimark Christmas sales leap but rising cotton prices pose threat
Primark has reported first quarter sales up 12% year on year despite the snowy pre-Christmas weather, but warned that higher cotton prices are expected to affect margins.
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NewsCath Kidston appoints new managing director as sales surge 52%
Fashion and homewares specialist Cath Kidston has appointed former Habitat chief executive Mark Saunders as managing director and reported strong Christmas trading.
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NewsApple hits $26.7bn revenue after record iPad sales
Apple has posted a record revenue of $26.74bn (£16.69bn) for the quarter ending December 25, up from $15.7bn (£9.79bn) a year ago.
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NewsAsos sales up 59%
Fashion etailer Asos’ retail sales jumped 59% to £100m in the 3 months to December 31.
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NewsComet like-for-likes slump 7.3%
Electricals chain Comet has reported a slump in like-for-like sales of 7.3% over Christmas, hit by the bad weather and intense promotional activity.
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NewsHMV credit insurance under review
UPDATED: HMV Group has confirmed that credit insurers are reviewing the level of cover they provide to the retailer.
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NewsConsumer price inflation rises to 3.7% in December
Consumer price inflation rose 0.4% in December to 3.7% over the previous month, the Office of National Statistics reported.
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NewsChange Capital among bidders for Bathstore
Change Capital, the private equity firm run by former Marks & Spencer boss Roger Holmes, is among those bidding for Bathstore.
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NewsBurberry third quarter sales up 27%
Burberry reported a 27% hike in revenue to £470m in the three months to December 31 with double digit growth across both their wholesale and retail sectors.
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NewsThe Perfume Shop Christmas like-for-likes up 2%
The Perfume Shop reported like-for-like sales up 2% for the four weeks to January 1, driven by classic fragrances and gift sets.
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NewsBoots UK December like-for-likes up 3.8%
Health and beauty giant Boots UK reported like-for-like retail sales up 3.8% in December, with fragrances and beauty electricals performing well.
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NewsThe Original Factory Shop Christmas like-for-likes up 5%
The Original Factory Shop has reported like-for-like sales up 5% over the Christmas period with sales of outdoor products strong in the snow.
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NewsGoldsmiths-owner Aurum reports 'outstanding' Christmas
Jewellery group Aurum has reported an “outstanding” Christmas, helped by improved availability and ranging.
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NewsFlying Brands warns on profits
Home shopping group Flying Brands has issued a profit warning after disastrous disruption of Christmas trading as a result of the snow.
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NewsTed Baker retail sales rise 7.6%
Fashion brand Ted Baker posted a 7.6% rise in retail sales over the crucial Christmas period and said pre-tax profit would be in line with expectations for the year to January 29.
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NewsSainsbury’s to invest in own-brand after record Christmas
Grocer to build on its bumper Christmas after overtaking Asda as second biggest supermarket
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NewsShop Direct targets double-digit growth
Home shopping group Shop Direct is gunning for double-digit sales growth this year on the back of new brand launch Isme and expanded product lines across the group.
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NewsBrightHouse sees demand surge but stays cautious
Rent-to-own electricals and furniture retailer BrightHouse has revealed a strong Christmas but cautioned that current trading has been tougher. Like-for-likes increased 9.8% in the 13 weeks to December 31, 2010.
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NewsInvestors still cold on the retail sector
General retailers and grocers were both left on the shelf by investors and the market was flat overall.
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NewsGeneral retailers look a better bet than grocers
General retailers provide a better investment opportunity than food retailers in 2011, Oriel analysts believe.