All Financial results articles – Page 184
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NewsSir Terry Leahy-backed tyre etailer’s eyes European deal as sales soar
Online tyre retailer Blackcircles.com, which is backed by former Tesco chief executive Sir Terry Leahy and operates Tesco Tyres, is in talks to buy or partner with rival European firms as it looks to expand its relationshp with the grocer.
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NewsMonsoon Accessorize in the red after ‘most difficult year ever’
Monsoon Accessorize plunged into the red last year after suffering what founder Peter Simon described as the “most difficult” period in its 40-year history.
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NewsChocolatiers and convenience stores win over Easter period
Food retailers enjoyed a strong Easter as shoppers flocked to chocolatiers and convenience grocery stores.
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OpinionComment: Cold conditions could take a toll on M&S clothing
M&S posts fourth-quarter figures next Thursday. The retailer will hope things go more smoothly than the last update in January.
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Multichannel retailer Otto Group reveals preliminary figures
Multichannel retailer Otto Group has revealed preliminary figures for the year to February 28.Consolidated revenues rose 1.7% to E11.8bn (£9.94bn).The group’s multichannel retail earnings rose 0.4% to E10.07bn (£8.48bn). Ecommerce revenues increased 7% to E5.7bn (£4.8bn), representing 57% of total retail turnover.In Germany, online sales were E3.7bn (£3.12bn).Chairman of the ...
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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OpinionComment: Peter Marks leaves a mixed legacy at the Co-operative
The claim by Co-op chief Peter Marks that he will be leaving the business in “great shape” may raise a few eyebrows.
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Stong performance for homewares retailer Williams-Sonoma
Homewares retailer Williams-Sonoma’s net revenues increased 8.7% to $4.04bn (£2.66bn) in the year ended February 3. Performance was driven by a 14.5% increase in direct-to-customer revenues and like-for-like growth of 6.1%.Net earnings rose 8.4% to $256.7m (£168.9m).
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Sales rise at off-price retailer Ross Stores
Off-price retailer Ross Stores’ sales in the fourth quarter ended February 2 rose 15% to $2.76bn (£1.81bn) and like-for-likes advanced 5%. Net earnings rocketed 23% to $236.6m (£155.7m).For the full year, sales increased 13% to $9.72bn (£6.39bn) with like-for-likes climbing 6%, while net earnings soared 20% to $786.8m (£517.8m). Michael ...
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AnalysisInternational analysis: Auchan on course to become €100bn retailer
Auchan’s sales jumped 5.8% to E46.9bn (£39.9bn) in the year ended December 31, fuelled by expansion and like-for-like performance.
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OpinionComment: Multichannel success for fashion and homeware retailer Next
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.
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Metro Group reports decline in net profit
Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by ...
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Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...
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Group sales increase for DIY retailer Hornbach
DIY retailer Hornbach’s group sales increased 0.8% to E3.23bn (£2.75bn) in the year ended February 28.The Hornbach-Baumarkt fascia achieved growth of 0.6% to E3bn (£2.5bn) year on year. Consolidated like-for-like sales dropped 1.4% from the previous year’s level of 2.8%.
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.
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AnalysisAnalysis: Is etailer Ocado the answer to Morrisons’ prayers?
Morrisons is the laggard of the big four grocers. Can a tie-up with etailer Ocado give it a much-needed fillip?
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Grocer Rewe Group records sales climb
The country’s second largest grocer Rewe Group’s sales climbed 2.7% to E49.7bn (£42.55bn) in its 2012 financial year.Turnover rose 2.4% in its domestic market and 3.6% abroad. The group’s store base shrank 1% to 15,538, mainly due to adjustments of the network, particularly for chains Penny in Germany and Billa ...
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AnalysisTesco’s acquisition of Giraffe: What do retailers need to know?
Last week Tesco snapped up restaurant chain Giraffe. So what are its plans for the group, and are more acquisitions on the cards?
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Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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Discount banner Rema 1000 reports sales growth
Discount banner Rema 1000 grew sales by 19.5% in Norway and Denmark during 2012.The business boosted owner Reitangruppen’s net sales by 12.4% to NOK71.7bn (£8.18bn) for 2012. EBITDA increased by 19.8% to NOK2.17bn (£247.6m).Revenue growth was also lifted by Reitan’s acquisition of more than 1,000 kiosks in Finland and the ...