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Month: February 2018

Cramer Remix: Lowe’s is an underdog, but it could be worth your while

Jim Cramer nails down the details on why the home improvement retailer is too cheap to ignore.

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Walmart says it will raise age restriction to 21 for gun purchases

The company said in its statement that it made the decision in light of recent events and will try to implement this change “as quickly as possible.”






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Under Armour CEO: 2018 will be one of the most important chapters in our 22-year history

Jim Cramer sits down with Kevin Plank, the founder, chairman and CEO of Under Armour.






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UK has “passed the peak” of inflation in February

Shop prices continued to decline throughout February, providing relief for consumers across the UK and adding weight to analysts’ expectations that inflation has peaked. According to new data from the monthly BRC-Nielsen Shop Price Index, deflation grew from 0.5 per cent in January to 0.8 per cent throughout the last month. These figures were helped by a slow down in food deflation, easing from 1.9 per cent in January to 1.6 per cent.






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Wickes & Toolstation owner’s profits slump amid soaring inflation

Wickes and Toolstation parent company Travis Perkins has blamed soaring inflation and dwindling consumer confidence for the hit it took in its full-year profits for 2017. In its full-year results, the DIY and home improvement firm reported pre-tax profits of £330.6 million before exceptionals, which was a nine per cent dip from the £364.7 million recorded in 2016. Travis Perkins attributed this to rising costs resulting from the depreciation of the pound since the Brexit referendum in June 2016, and inflation, which it said was still working its way through the supply chain






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Booker shareholders give final greenlight for Tesco takeover

Almost 84 per cent of Booker shareholders have approved the proposed £3.4 billion takeover by Tesco, giving the deal the final greenlight it needs for the merger to proceed. Provisional figures show that 83.4 per cent of Booker shareholders approved the proposal during a meeting today, more than the 75 per cent needed by the wholesale and convenience retail business for the deal to go ahead. Earlier in the morning, 85.22 per cent of Tesco shareholders voted in favour of the takeover to proceed, with 14.28 per cent against it






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Revealed: Retailers with the biggest gender pay gaps

Just under a year ago, the government passed legislation requiring any companies with over 250 staff to publish annual reports of their gender pay gaps publicly. Retail employs just under 3 million people in the UK, 60 per cent of whom are female.






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Nike to launch sneaker destination for women, online and in brick-and-mortar

Nike is betting big on women.






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Consumers using tax refunds to pay down debt and save

Retailers shouldn’t expect much of a big sales bump this year from consumers’ tax refunds.






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Walmart debuts mattress-in-a-box in new online-only brand

Walmart is targeting upscale women with its first-ever, homegrown digital brand.






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