Latest finance news – Page 60
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NewsThe Fragrance Shop posts strong sales in ‘record-breaking year’
The Fragrance Shop has reported a “record-breaking year” as like-for-like sales increased 6.1% in the full year ending April 1.
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NewsCastore acquires clothing supplier Infinity Inc
Manchester-based sportswear brand Castore has today announced its acquisition of Leeds-based clothing supplier Infinity Inc.
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NewsZalando holds firm on guidance as profits improve
Online fashion giant Zalando has confirmed its full-year guidance for 2024 after delivering growth and “improved” profitability during the first quarter.
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NewsThe White Company credits ‘strong store performance’ for sales boost
The White Company has said its latest sales performance was driven by a “strong performance” from its stores as customers returned to the high street.
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NewsAsda delays debt until next decade as it completes £3bn refinancing deal
Asda has completed a refinancing of £3.2bn of its debt, which the supermarket said will push the “majority of its maturities into the next decade”.
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NewsApple profits and revenue decline as demand for iPhone weakens
Apple has posted a decline in profits and revenue as sales of products, in particular iPhones, dropped.
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NewsLounge sales increase but profits fall due to rising expansion costs
Underwear and apparel retailer Lounge has posted a fall in profits, despite a rise in sales for the 2023 financial year, due to rising costs from its growth strategy.
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NewsPandora ups guidance as margin hits record high
Pandora has upped its revenue guidance as its gross margin hits record levels and a plan to “restage” the brand begins bearing fruit.
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NewsMulberry sales slow as demand for luxury wanes
Luxury fashion and accessories retailer Mulberry has posted a decline in sales during the full financial year as declining consumer spend on luxury goods took its toll.
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NewsWickes holds firm on outlook despite dip in DIY sales
Wickes has maintained its profit expectations for the full year, despite a decline in sales in an “uncertain” trading environment.
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NewsNext maintains guidance as quarterly sales rise
Fashion giant Next has maintained its full-year guidance as sales increased in its first quarter.
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NewsAmazon sales surge driven by AI and advertising
Amazon has posted a surge in sales during its first quarter, helped by the appeal and success of its AI and advertising capabilities.
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NewsSpace NK owner appoints bankers for sale of beauty chain
Space NK owner Manzanita Capital has appointed bankers as it eyes a potential sale of the premium high street beauty chain.
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NewsCard Factory CEO on why its ‘relentless focus on value for money’ has paid off
As Card Factory posts robust sales in the full year ending January 2024, Retail Week speaks to chief executive Darcy Willson-Rymer on its strategy for success and future plans.
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NewsMorrisons completes sale of forecourts to MFG
Grocer Morrisons has concluded the sale of its forecourts business to specialist operator MFG.
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NewsFifth of Ocado shareholders revolt over chief executive’s reward package
Almost a fifth of Ocado shareholders rebelled against Ocado chief executive Tim Steiner’s remuneration deal but it will still go ahead.
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NewsCard Factory sales and profits climb as stores perform strongly
Greetings cards specialist Cards Factory has posted strong annual revenue and earnings growth as stores traded well.
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NewsGlobal skincare brand L’Occitane set to go private in £1.4bn deal
L’Occitane International chair Reinold Geiger is set to take the Hong Kong-listed skincare firm private in a HK$13.91bn (£1.4bn) deal, the company announced on Monday.
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NewsMonsoon Accessorize profits fall as demand slows
Womenswear retailer Monsoon Accessorize has posted a dip in profits for FY2023 as lower demand caused by the ongoing cost-of-living crisis took its toll.
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NewsFlying Tiger Copenhagen reports ‘record sales’ as it expands into seven new markets
Danish retailer Flying Tiger Copenhagen has posted growth in revenue and sales, as well as seeing its “best quarter ever” in terms of sales for Q4 2023.