All City & finance articles – Page 439
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AnalysisNext: What the analysts say
Next has reported a rise in profits for the half to July despite a fall in like-for-likes due to an “unusually quiet” August and September. The City has issued a cautious response but has confidence in the retailer’s multi-channel strategy.
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AnalysisDunelm: What the analysts say
Value homewares chain Dunelm reported another set of positive full year results this morning as pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June. The City was not disappointed.
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NewsDunelm full-year profits soar as wet weather lifts sales
Value homewares retailer Dunelm’s pre-tax profits surged 15.1% to £96.2m in the 52 weeks to 30 June, 2012.
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NewsTablets and e-readers drive Argos like-for-likes up 1.4%
Like-for-likes at catalogue retailer Argos rose 1.4% in the 13 weeks to September 1 and parent Home Retail expects group full-year profits to be in line with expectations.
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NewsNext reports rise in profits despite like-for-like decline
Next recorded an increase in sales and profits despite a fall in like-for-like sales in the first half.
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OpinionComment: Debenhams sets the standard for retail
Department store group Debenhams took analysts on a tour of its Milton Keynes shop last week.
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NewsJJB quarter-day rent fears quashed
Suggestions that JJB adviser KPMG is in a race against time to complete a sale of the troubled retailer before rent quarter day have been dismissed.
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NewsThorntons optimistic despite sales and profits fall
Chocolatier Thorntons has reported a fall in sales and profits as weak consumer spending hit the business, but chief executive Jonathan Hart expressed “cautious optimism” about the future.
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AnalysisAnalysis: Is Burberry's slowdown a blip or a trend?
In a difficult market, Burberry has become one of the retailers who can be relied upon to buck the trend and deliver growth.
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AnalysisBurberry: What the analysts say
A marked slowdown in sales over recent weeks has forced Burberry to issue a surprise profits warning. The City dissected the statement and expressed concern.
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NewsBurberry suffers sales slowdown
Retail sales at luxury giant Burberry have slowed in the second quarter and full-year profits are now expected to come in at the lower end of expectations
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AnalysisAnalysis: How to overcome retail property challenges
As tenants, landlords and local authorities continue to grapple with myriad challenges still facing high street retail, Retail Week Property talks to some experts about what steps need to be taken to overcome them, and how the future of the high street might look.
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InterviewQ&A: Dixons' boss Sebastian James
As Dixons reports a strong start to its financial year, the electricals specialist’s boss Sebastian James talks through the highlights with journalists and how he intends to further drive this growth.
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OpinionComment: Morrisons - playing the right cards?
It was interesting to hear Dixons’ chief executive Seb James say today that successful multichannel electrical retailing is like playing a three-card-trick.
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NewsDixons has "encouraging start" to its year as UK like-for-likes jump 7%
Dixons UK and Irish like-for-likes advanced 7% in its first quarter in what it said was an “encouraging start” to the year.
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NewsMorrisons half year like-for-likes slip 0.9%
Morrisons like-for-likes slipped 0.9% in its half year to July 29.
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NewsBRC calls for business rates to be frozen in 2013
The British Retail Consortium (BRC) is urging the Government to freeze business rates next year as retailers brace themselves for another crippling increase.
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OpinionComment: Light at end of tunnel for Argos
Structural issues are often blamed for Argos’ declining sales.
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NewsSports Direct shareholders reject Ashley bonus scheme
Sports Direct’s shareholders have not supported the proposed “super stretch” scheme which would have paid out a bumper bonus to Mike Ashley.
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NewsSports Direct sales surge as Olympics boosts sales
Sports Direct’s gross profit was up 20.4% to £211.1m in the 13 weeks to July 29 as the retailer “continues to go from strength to strength”.