Retail Sector

Primark announces plans to open several new stores

Dublin-based fashion chain Primark has announced its plans to open its first Boston store by the end of 2015 and as many as half a dozen stores in the United States by 2016.

Primark CEO George Weston said that the company had plans to open several stores in the Unites States, covering the north-east from Washington to Maine.

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Burberry reports 19% rise in half-year sales

British luxury brand Burberry on Wednesday announced a notable year-on-year increase of 19 per cent in its half-year sales, but warned that currency swings could hit its profits in the next couple of years.

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Tesco reports over 6% fall in annual profits

Tesco Plc, the UK's biggest retailer, on Wednesday reported a fall of more than 6 per cent in its annual profits even as its total global sales reported a marginal increase.

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JD Sports says Tiso Fundamental for Growing Business

JD Sports announced that its mainstay sports shops across UK and Ireland has done excellent business and had a record year which lifted its fundamental operating profit to £93.4m which was an additional £15.5million increase.

The sports fashion retailer said its takeover of Tiso Group though will not increase its gains in the short run, however the deal has its other benefits.

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French Connection Benefits from Towering Shares

The shares of French Connection, the fashion retailer jumped by an extra 11% or more on Monday when the fashion merchant chain showed a leap in its sales figures for the initial quarter of this year. The company's new product ranges have been received well in the UK as well as other parts of Europe.

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