Kate Calvert News
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Debenhams Plc, the U.K.’s second- biggest department-store company, said fiscal first-half profit will miss estimates after January snowfall hurt sales and caused the retailer to offer deeper discounts to shift inventory.
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Darty Plc’s largest investor plans to exercise its right to install a representative on the board of France’s biggest electronics retailer, losing patience after the company warned that annual profit is set to miss estimates.
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Marks & Spencer Group Plc Chief Executive Officer Marc Bolland may have only a year to prove he can revive Britain’s biggest clothing retailer after reporting a sixth straight quarterly drop in non-food sales.
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Darty Plc picked Regis Schultz to replace Chief Executive Officer Thierry Falque-Pierrotin, choosing a manager who revamped a furniture unit formerly owned by France’s biggest consumer-electronics retailer.
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Kesa Electricals Plc, Europe’s third- largest electronics retailer, may need a specialist restructuring firm to buy its U.K. Comet chain or to discard more of the unprofitable unit’s stores to placate activist investor Knight Vinke Asset Management LLC, analysts say.
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HMV Group Plc, Britain’s biggest seller of CDs and DVDs, plans to appoint Deloitte LLP as an administrator, becoming the U.K. retail industry’s second high- profile casualty in the space of a week.
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HMV Group Plc, Britain’s biggest seller of CDs and DVDs, appointed Deloitte LLP as an administrator, becoming the U.K. retail industry’s second high- profile casualty in the space of a week.
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Burberry Group Plc, the U.K.’s largest luxury-goods goods maker, reported third-quarter revenue that beat analyst estimates, sending the shares above the price they traded at before the company warned on profit in September.
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In more than a decade as chief executive officer of Tesco Plc, Terry Leahy prided himself on the creation of an international business that grew to become a third of sales. His successor is starting to dismantle it.
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Debenhams Plc, the second-largest U.K. department-store chain, opposed a claim by competitor Next Plc that Christmas discounting was less than last year as it cut its forecast for full-year margin growth.
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