Latest finance news – Page 92
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NewsRevolution Beauty investigation reveals ‘unacceptable’ business practices
Revolution Beauty’s audit has revealed several “unacceptable” business practices that it has vowed to never repeat.
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NewsPets at Home unveils ‘world’s best pet care platform’ strategy after strong results
Following a strong set of full-year results, Pets at Home has unveiled its medium-term vision to become a “unified pet care platform”.
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NewsAbercrombie & Fitch raises profit guidance as it delivers strong sales
Abercrombie & Fitch has increased its profit guidance after achieving ‘decade-high’ first-quarter sales.
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NewsKingfisher sales dampened by wet weather
Kingfisher has reported flat sales as wet weather dampened demand for seasonal products like barbecues and garden furniture.
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NewsM&S sales increase as growth strategy progresses
Marks & Spencer has recorded an increase in sales, which the group said was driven by its “strategy to reshape M&S for growth”.
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NewsLidl eyes share of Tesco Clubcard profits after winning trademark battle
Lidl may seek a share of profits made by Tesco from its Clubcard scheme after the discounter won a trademark battle over the use of a circular yellow logo on a blue background.
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NewsTopps Tiles delivers record sales driven by omnichannel model
Topps Tiles has delivered record results as average sales per store increased by 30% compared with 2019, driven by “nationwide store coverage, world-class customer service and strong omnichannel capability”.
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NewsWilko considers CVA among turnaround options
Variety retailer Wilko is pondering the possibility of a CVA among a range of options as new chief executive Mark Jackson seeks to turn around the business.
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NewsHotter owner eyes sale of footwear retailer
Hotter parent company Unbound Group has launched a strategic review and drafted financial advisers as it is understood to be mulling the sale of the footwear retailer.
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NewsFarfetch boss ‘extremely confident’ as it returns to sales growth
Luxury fashion platform Farfetch has attributed an increase in revenue in its first quarter to the continued success of its digital platform and the “strength and resilience” of its core business.
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NewsThe Works sales increase despite ‘challenging backdrop’
The Works has reported a lift in annual sales despite trading against “a challenging backdrop”.
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NewsBurberry delivers ‘strong financial performance’ as revenue and sales rise
Luxury fashion brand Burberry has reported a “strong financial performance” that saw a rise in full-year revenue and sales.
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NewseBay to buy authentication company to boost pre-loved fashion business
eBay has signed an agreement to acquire an authentication and digital ID firm to help enhance the marketplace’s pre-loved fashion business.
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NewsTK Maxx owner TJX raises profit outlook after sales rise
TJX, the US-based value retailer and parent company of TK Maxx, has raised its profit outlook as it reports a lift in sales.
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NewsWatches of Switzerland hails strong performance ahead of guidance
Watches of Switzerland reported a strong year of revenue and profitability despite a challenging trading environment.
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NewsJD Sports sales soar in ‘record results’
JD Sports has reported record sales and expects profits to reach £1bn this year.
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NewsBrompton Bikes confirms £19m equity raise to fund expansion
Brompton Bikes announced the sale of a £19m stake in the company to growth fund BGF as it looks to accelerate expansion to international markets.
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NewsShoe Zone sales grow as shoppers tighten belts
Shoe Zone has posted a strong trading performance as shoppers look for value during the cost-of-living crisis.
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NewsGreggs store expansion drives sales boost
Greggs has posted solid like-for-like sales growth driven by ‘strong strategic progress’ and its store expansion programme.
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NewsBoohoo sales fall and profits halve
Boohoo has posted a drop in revenue in its year-end results, but said it was making progress on a return to growth in the second half of next year.