All Financial results articles – Page 184
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News
Walmart reports third quarter sales rise
Sales at Walmart in the third quarter ended October 31 rose 3.4% to $113.2bn (£71.15bn). Net income increased 4% to $6.1bn (£3.83bn).Walmart Stores president and chief executive Mike Duke said: “Price will continue to be a major factor for US customers over the holidays. Across all of our markets, we ...
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News
Target reveals US retail sales increase
General merchandise retailer Target revealed that US retail sales rose 3.4% to $16.6bn (£10.43bn) for the third quarter ended October 27.The increase was attributed to a 2.9% lift in like-for-likes as well as the contribution from new stores. Like-for-like increases were driven by a strong back-to-school season, gains in food ...
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NewsAnalysis: The Entertainer sets it sights on overseas growth
The Entertainer’s prospective move into international markets could be a game-changer for a retailer that has made delivering growth in a difficult category look like child’s play.
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News
Migros Ticaret reports sales increase
Grocer Migros Ticaret has reported sales of TRL1.83bn (£639m) for the three-month period ending September 30, a 13.1% increase on the same period last year. Gross profit rose by 15.2% to TRL468m (£163m).Sales benefited from store openings, as well as a focus on the private label category and fresh products.
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News
Spar unveils group turnover increase
Grocery retailer Spar has unveiled a 12.2% increase in group turnover to ZAR43.2bn (£3.1bn) and a 7.5% rise in trading profit to ZAR1.5bn (£107m), for its financial year ended September 30.Sales growth was helped by internal inflation of 6.1%.
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NewsSir Philip Green raises prospect of more big deals to come
Sir Philip Green expects a “seat at the table” if retail consolidation presents opportunities.
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OpinionComment: Alistair McGeorge safely steers New Look
The canny Alistair McGeorge looks to be making some progress in turning around fashion group New Look.
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News
Electricals retailer Darty reports fall in revenue
Electricals retailer Darty, formerly Kesa, reported a 2.2% fall in revenue for the six months to October 31.The drop reflected a poor performance in the retailer’s domestic market, where sales slipped 3.9%, and its developing division (Spain, Italy and Turkey), where sales fell 2.6%.Like-for-likes showed a similar pattern, falling 1.7%. ...
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News
Ahold reports sales increase
Sales at Ahold rose 10.8% to E7.6bn (£6.11bn) in the third quarter.Operating income was down 3.7% to E289m (£232.3m).The grocer’s net sales in the US rose 1.9% to $5.9bn (£3.71bn).
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NewsArcadia profits rise despite falling sales
Arcadia has posted a £33.8m increase in group pre-tax profits before exceptional items to £166.9m despite a 3.2% fall in UK retail like-for-like sales.
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NewsFrench Connection reports flat like-for-likes
French Connection has reported flat like-for-likes after a step up in performance in the third quarter.
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NewsJD Sports like-for-likes rise 1.5%
JD Sports has reported an increase in like-for-like sales despite a significant drop-off in trade at its fashion division.
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OpinionComment: Matt Davies is the man to drive Halfords’ future
Of course, it is too early to expect the arrival of new Halfords boss Matt Davies to have had a material impact on the retailer’s interim results, so he bore little responsibility for its 23% slump in first-half profits this week.
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NewsAnalysis: Kurt Geiger focuses on international growth
Growing its international footprint is top of the retailer’s agenda under new owner Jones Group.
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AnalysisAnalysis: Retailers race to grab Comet's market share
Electricals rivals are squaring up to grab share of Comet’s sales in the wake of its demise, but can they avoid a similar fate?
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AnalysisAnalysis: Facing up to the challenges at Morrisons
It has been a tough year for Morrisons, evident in a 2.1% fall in like-for-likes in the third quarter. Retail Week takes a look at the grocer’s prospects.
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NewsSainsbury’s Justin King: Market is polarising
Clear division between winners and losers emerging as JS posts profits rise.
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OpinionComment: Matt Davies’ new direction for Halfords
Halfords posts interim results on Wednesday, the first set since Matt Davies was appointed chief executive.
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NewsComet collapse sparks early Christmas rush
Retailer’s demise pulls forward seasonal sales of electricals and technology.
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NewsHobbs targets offices with pop-up shops
Premium fashion retailer Hobbs wants to install pop-up shops in offices to make it more convenient for its core customers to shop.