Harvey Nichols: store of value

Article Abstract:

Harvey Nichols plans a share issue in April 1996, when Dickson Concepts will sell a stake of upto 49.9% in Harvey Nicholls. The company was acquired in 1991 from Burton, and has since been expanded, with stores refurbished. Sales rose by 41% from 1993 to 1995 with margins up by 11.3%. The company reported an operating profit of 9.1 million pounds sterling for 1995 to 1996, when the turnover was 90 million pounds. The company's pre-tax profit is forecast at 11.4 million pounds sterling by Morgan Stanley.

Harvey Nichols and Company Ltd.

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Target Corporation

Article Abstract:

US retailer Target Corp. is expected to ride out the fall in US consumer confidence since Sep 11, 2001, and its shares are seen as a bargain. Target's department stores may suffer, but its discount stores should remain strong.

All Other Specialty Food Stores, Discount Chains, Variety stores, Discount stores, Target Corp.

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Beale

Article Abstract:

UK department store group Beale is a profitable firm enjoying good trading and strong management, and its shares are seen as a good buy. Beale has nine stores, which target affluent consumers aged 35 and above.

J.E. Beale PLC

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Subjects list: Retail industry, Retail trade, Securities, Department store chains
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