Latest finance news – Page 591
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NewsJacques Vert pre-tax profits double but warns of difficult trading for remainder of year
Fashion retailer Jacques Vert has reported pre-tax profits more than doubled for the 26 weeks to October 24, but warned of challenges for the remainder of the year.
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NewsPoundland festive like-for-likes up 4.4%
Poundland has reported shoppers’ continued flight to value over Christmas with like-for-like sales from the five weeks to January 3 up 4.4%.
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NewsStrong Christmas brings cheer to House of Fraser
House of Fraser said like-for-like sales over the eight weeks to January 2 rose 7.1%.
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NewsCo-op reports Christmas like-for-likes up 5%
The Co-operative Group has reported a strong Christmas, with like-for-like sales up 5% including VAT and excluding fuel in the three weeks to January 2.
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NewsPeacocks celebrates ‘cracking’ Christmas
Value fashion group Peacocks reported “cracking” Christmas trading, boosted by the success of Pearl Lowe for Peacocks dresses.
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NewsBlacks Leisure mulls equity issue as sales start to improve
Blacks Leisure is considering an equity fundraising of between £15m and £20m as sales in its second half began to improve on the back of its restructuring.
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NewsBrightHouse enjoys strong festive sales
Rent-to-own electricals and furniture retailer BrightHouse has reported a strong Christmas with like-for-like sales up 9% in the 13 weeks to December 24.
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NewsValue clothing chain Happit in administration
Scottish value chain Happit has hit the buffers this week after poor trading conditions impacted sales.
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NewsSpar festive total sales jump 10.3%
Convenience store chain Spar has reported total sales from December 14 to date up 10.3%.
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NewsLenders to take control of Jane Norman
Women’s fashion retailer Jane Norman’s lenders are to take over the business and restructure its debts of almost £136m.
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NewsClinton Cards posts 3.5% like-for-like rise over Christmas
Clinton Cards has paid back debt early after generating sales growth over Christmas.
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NewsInnovative product drives strong Christmas for Ted Baker
Fashion group Ted Baker has posted a 19.1% increase in retail sales over Christmas and attributed the performance to its innovative product.
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NewsCity warns festive wins could reveal last of ‘low-hanging fruit’
Upgrades of general retailers are likely following some better than anticipated Christmas updates, but analysts are advising investors to pick stocks carefully.
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NewsMajestic Wine toasts 11.7% Christmas boost
Halving its minimum order size helped Majestic Wine to a strong Christmas, with UK like-for-like sales up 11.7% for the nine weeks to January 4.
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NewsFood price war intensifies as grocers ramp up cuts for 2010
Grocers have kicked off the new year with an intense price war, signalling a year of even tougher competition in the food sector.
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NewsTourists and the cold help department stores
Department stores have reported a bumper Christmas, during which they benefited from the cold weather and an influx of tourists drawn by the weak pound.
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NewsUniqlo seeks to expand after festive sales jump
Japanese-owned fashion retailer Uniqlo is on the expansion trail after it is understood to have delivered UK like-for-like sales up 38% in December.
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NewsDeloitte racks up an extra £5.5m in fees for Woolworths administration
The administrators of bust variety store group Woolworths have notched up an additional £5.5m in fees for their work, bringing the total so far to £9.3m.
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NewsShop Direct celebrates festive trading success
Shop Direct Group has said electricals and partywear helped it deliver strong Christmas sales, up 6.3% in the six weeks to January 1.
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NewsOriginal Factory Shop Christmas profits soar
Value department store operator The Original Factory Shop had record sales for the four weeks to December 27, helped by its position as a “non-food convenience store” according to chief executive Angela Spindler.