All Financial results articles – Page 175
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OpinionComment: Boss Justin King rules over Sainsbury’s success
In posting a 6.2% rise in underlying pre-tax year-end profits, Sainsbury’s deflected some attention away from the rumours surrounding Justin King’s eventual departure.
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OpinionNick Bubb's Verdict: Sainsbury's - fresh food rather than fresh messages?
With no new news on trading/strategy to impart today with the final results and with the whole world obsessed with speculation that Justin King will soon leave, what would your PR advice have been to Sainsbury’s?
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News
Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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News
Sales at Jerónimo Martins rise in first quarter
Sales at Jerónimo Martins rose 15.6% in its first quarter to €2.8bn (£2.41bn). Net profit reached €75m (£64.5m).Sales at its Polish discount chain Biedronka rose 20%, while sales at the main Portuguese business, Pingo Doce, were up 5.3%.“The first quarter provides a good basis for another year of growth,” said ...
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News
Sales at Safeway slip during first quarter
Sales at Safeway slipped to $9.99bn (£6.62bn) during the first quarter ended March 23, from $10bn (£6.31bn) the previous year.Net income increased 63.1% to $118.9m (£78.8m). Identical store sales were up 1.5% during the period, including a 0.4% positive impact because of a calendar shift, meaning New Year holiday sales ...
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News
Supervalu reports year-on-year net sales decline
Supervalu has reported net sales of $3.89bn (£2.58bn) and a net loss of $1.41bn (£934.4m) for its fourth quarter ended February 23.The 2.3% year-on-year decline in net sales primarily reflects a decrease in identical store sales of 4.1% for retail food and 2.6% for the Save-A-Lot discount chain.In March, Supervalu ...
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NewsCompany profile: ScS
The introduction of carpets has helped drive revenue at the Sunderland-based sofa retailer.
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AnalysisInternational analysis: Amazon set to dominate despite growth slowing
Amazon’s results last week gave some hope for multichannel competitors, particularly internationally, as growth slowed to 22% in its first quarter.
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News
Clicks Group reports turnover increase
Clicks Group’s turnover increased 11% to ZAR8.5bn (£614.4m) in the first half of its financial year ended February 28.Clicks’ drugstore turnover rose 7% to ZAR5.6bn (£404.8m), while the number of stores reached 430.Operating profit at the group’s music and video chain, Musica, increased 27.3% despite the closure of eight outlets.However, ...
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OpinionComment: Asos’ entrepreneurial culture delivers retail success
A fall in basket value might be a worrying sign at some retailers but at online fashion specialist Asos it does not look like a problem.
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News
Convenience store group CP to acquire Siam Makro
Convenience store group CP All has signed an agreement to acquire Dutch SHV Makro-owned Siam Makro in Thailand.CP All, controlled by Dhanin’s Charoen Pokphand Group, will pay THB787 (£17.72) a share for 64% of Siam Makro, a total of THB188.88bn (£4.25bn). The acquisition is subject to shareholder approval.CP All is ...
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OpinionNick Bubb's Verdict: Argos - Luck, or good judgement?
Argos has reversed years of LFL sales declines and been able to capitalise on the tablet PC boom, but was that through luck or good judgement?
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NewsWhittard reports profits increase after margins improve
Profits are up at coffee and tea specialist Whittard of Chelsea after it streamlined its store estate and improved its range and multichannel offer.
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News
Lekkerland's reports net sales increase
Lekkerland’s net sales increased €127.2m (£109.4m) to €11.48bn (£9.87bn) during its 2012 financial year.The figures were adjusted for a discontinued operation in Eastern Europe. The group’s net profit rose 58% during the year to €80.3m (£69.1m), because of strong earnings in Germany. “We have a positive outlook for the future,” ...
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News
DIY retailer Praktiker reports sales decrease
Sales at DIY retailer Praktiker fell 10.4% to €570.1m (£490.3m) during its first quarter ended March 31.Like-for-like sales slid 8.8%. Figures exclude the business in Turkey, which is at present in administration, and the Bâtiself banner in Luxembourg, which is to be divested.Sales in Germany declined 9.9% to €457.7m (£393.6m), ...
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InterviewInterview: Chris Bush’s plan to turn Tesco into a brand of choice
Despite the grocer suffering its first fall in profits for 20 years, its UK managing director is confident he can deliver on Philip Clarke’s plan to make it loved again.
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NewsCompany profile: Beales
After several tough years the retailer’s new chief executive is trying to get sales moving.
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AnalysisInternational analysis: Home and away different worlds for French grocers
Two of France’s largest retailers, Carrefour and Casino, reported first-quarter trading figures on the same day.
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AnalysisAnalysis: Lessons from the UK’s fastest growing retailers
Zolfo Cooper’s report on the UK’s 10 fastest growing retailers reveals lessons for the rest of the industry.
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NewsFarmfoods reports profits rise despite sales dip
Frozen food specialist Farmfoods has reported a 10% increase in pre-tax profits to £27m despite a dip in turnover last year.