All City & finance articles – Page 59
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NewsFortnum & Mason posts soaring Christmas sales as customer numbers grow
Fortnum & Mason posted a strong sales performance over Christmas as customer numbers soared. Its success is credited to investment in its Piccadilly flagship as well as its return to ecommerce trading in Europe last year.
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Opinion‘Boss Stuart Machin pumps up the volumes at Marks & Spencer’
A focus on volumes and what drives them helped Marks & Spencer take a place on the Christmas winners’ podium and will mark out retail’s winners more generally, writes George MacDonald
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NewsVery Group credits toys, gifts and beauty for ‘strong’ Christmas trading
The Very Group has credited the success of its toys, gifting and beauty categories for driving “strong” Christmas results as sales rise in a “challenging market”.
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NewsExclusive: Homebase CFO Andy Coleman steps down
Homebase chief financial officer Andy Coleman has stepped down, Retail Week can reveal.
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NewsMarks & Spencer sales rise across food and clothing
Marks & Spencer has posted a sales rise across its food, clothing and home categories over the Christmas period.
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NewsTesco upgrades profit guidance after ‘stronger performance than expected’
Tesco has upgraded its full-year profit guidance and said continued investments in its customer offer have resulted in a “stronger trading performance than anticipated”.
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NewsSosandar posts record quarter driven by ‘strong performance across all channels’
Fashion retailer Sosandar has posted a record golden quarter 23% increase in revenue year on year to £14.3m, up from £11.6m in the previous year.
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NewsMarks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
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NewsProCook wary of Red Sea impact as Christmas trading breaks even
While ProCook said Christmas trading was in line with expectations, it remains wary of the macroeconomic environment and the impact of ongoing geopolitical supply chain issues.
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NewsGreggs sales soar driven by digital channels and extended trading hours
Greggs reported a surge in sales helped by the growing popularity of the brand and ”greater availability through digital channels and extended trading hours.”
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NewsSainsbury’s sales rise as grocery volumes grow
Sainsbury’s grocery volumes increase for the fourth consecutive Christmas reflecting “great value and service” and a “positive customer response” to the grocer’s first-ever Nectar Price Christmas.
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NewsShoe Zone profits rise following strong key period trading
Shoe Zone has posted a rise in full-year profits after ”strong and consistent results throughout the key trading periods.”
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NewsB&M sales rise on back of strong general merchandise volume
Value group B&M has reported an increase in sales over the third quarter.
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NewsPandora hails ‘strong end’ to 2023 as trading beats expectations
Jewellery retailer Pandora has posted a “strong end to 2023” as sales during the golden quarter exceeded expectations and growth for the full year landed above guidance.
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NewsExclusive: Bodycare sales rise as it eyes southern expansion
Bodycare has reported a rise in sales over the golden quarter driven by increasing margins and in-store sales as it looks to expand to the south of the UK.
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NewsExclusive: Ann Summers secures £8m funding
Ann Summers has secured £8m in fresh funding in a bid to boost its omnichannel offering and drive growth, Retail Week can reveal.
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AnalysisNext vs JD Sports: two very different golden quarter stories
As Next upped its profit guidance again, on the same day JD Sports issued a profit warning. Retail Week explores the differentiating factors between the two
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Opinion‘Retail updates so far offer reasons to be cheerful in the new year’
As the Christmas decorations start to come down, the retail trading statements have started to flood in.
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NewsBoots delivers biggest ever Black Friday sales
Boots has reported strong sales and an 11th consecutive quarter of market share growth after delivering its biggest-ever Black Friday to date.
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NewsTopps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.