All Financial results articles – Page 186
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NewsAgricultural retailer Countrywide breaks into first half profit
Agricultural retailer Countrywide has broken into first half profit after investing in lowering prices and improving stores.
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AnalysisAnalysis: Quality and design drive Sainsbury’s non-food growth
Sainsbury’s non-food business has “come of age”. We discover how quality and design have played a vital part in its rejuvenated offer.
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AnalysisAnalysis: Is the Irish retail market down and out?
The appointment of examiners at B&Q Ireland has cast fresh doubts on the turbulent Irish market but, there are opportunities for growth too.
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News
Walmart records solid trading for fourth quarter
Walmart recorded solid trading in its fourth quarter. In the 13 weeks to January 25 group net sales increased by 3.9% to $127.1bn (£84.13bn). Group income from continuing operations rose 7.9% to $5.6bn (£3.71bn).Much of the growth was driven by overseas operations. Walmart International reported a 6.9% increase in fourth-quarter ...
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OpinionRetail surgery: How can we deal with underperforming stores?
How can we deal with underperforming stores?
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NewsBudget variety retailer Tiger pre-tax profits rocket 101%
Budget variety retailer Tiger enjoyed a record 2012 as pre-tax profits rocketed 101% to £1.6m in the year as the retailer expanded its store base.
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News
ShopRite posts first half sales growth
ShopRite has posted sales growth of 13.8% to R46.7bn (£3.5bn) for the first half ended December 31, 2012.The Sub-Saharan grocery market leader also revealed an increase of 16% in trading profit to R2.5bn (£187.4m). Net profit rose 19.6% to R1.7bn (£127.4m).In South Africa, the retailer increased turnover by 11.5% to ...
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OpinionNick Bubb's verdict: The John Lewis question is sanity versus vanity
The old adage is that “sales are vanity, profits are sanity”, so has the mighty JLP managed to translate its impressive top-line growth to the bottom-line?
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News
Turnover soars at Casino in 2012
Casino’s turnover soared 22.1% to E41.97bn (£36.91bn) in its full-year 2012 compared with 2011. Net profit climbed 84.4% to E1.07bn (£941m) thanks to the consolidation of its grocery subsidiary GPA in Brazil.In France, the retailer recorded a slight decline in turnover of 0.8% at constant exchange rates excluding petrol, to ...
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News
Zalando reports revenue increase
Online shoe and fashion retailer Zalando’s revenues increased 125% to E1.15bn (£1.01bn) in 2012.Preliminary EBIT loss widened to E90m (£79.2m) after a loss of E60m (£52.8m) in the previous period.The retailer said it broke even at EBIT level in Austria, Germany and Switzerland.
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News
Department store group Karstadt publishes 2011 figures
Department store group Karstadt has - 14 months after the end of the reporting period - published its figures for the year from October 1, 2010 to September 30, 2011.The retailer reported that sales fell 3.2% to E3.23bn (£2.79bn), resulting in a net loss of E20.8m (£18m).
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NewsCompany profile: Reiss
Loved by the Duchess of Cambridge, upmarket fashion retailer Reiss has benefited from a surge in sales driven by its royal clothes horse.
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News
Walmart has 'worst sales start to a month in seven years'
Walmart has reportedly had the worst sales start to a month in seven years, according to a leaked internal email obtained by Bloomberg.The email, from the company’s vice-president of finance and logistics Jerry Murray, reported that month-to-date sales were “a total disaster”.Possible reasons for the poor performance from the retailer ...
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News
Woolworths reports group sales increase
Food and clothing retailer Woolworths said group sales increased 18% to R16.7bn (£1.21bn) in its first half to December 23, 2012.The retailer also said that operating profit was up 20.6% to R1.7bn (£123.6m). Profit before tax increased 21% to R1.8bn (£130.9m).
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News
Grocery retailer Spar posts rise in total group sales
Grocery retailer Spar posted total group sales up 3.5% to E12.58bn (£10.84bn) in its 2012 financial year, from E12.15bn (£10.47bn) in 2011.Domestic sales, excluding sport and leisure retailer Hervis, rose 3.8 % to E5.56bn (£4.79bn).Sales at Aspiag (Austria Spar International AG) in Croatia, Czech Republic, Hungary, Italy and Slovenia, were ...
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News
Sales increase at organic grocer Whole Foods Market
Sales at organic grocer Whole Foods Market in the first quarter were up 14% to $3.9bn (£2.5bn), and like-for-like sales rose 7.2%.EBITDA rose 19% to $337m (£217.8m) and net income advanced 24% to $146m (£94.4m).Co-chief executive officer Walter Robb said that a record 10 stores opened during the quarter, and ...
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OpinionComment: Morrisons’ convenience deal gives the grocer a reason to smile
Morrisons acquisition of 49 former Blockbuster stores for its convenience business should give the grocer a reason to be cheerful.
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NewsMobile phone retailer EE losses widen after store rebrand
Mobile phone retailer EE has reported widening losses after investing in a rebrand of the Orange and T-Mobile store estates last year.
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OpinionComment: New Look can see the value of exploring new horizons
With most UK retailers talking about multichannel at every opportunity, you can bet that terms like ‘e-tail’ and ‘click-and-collect’ will continue to be popular buzzwords in 2013.
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AnalysisInternational analysis: Gap’s focus on product brings back US shoppers
Gap’s US turnaround continues its upward trajectory. Gap reported net sales for the year ending February 2 reached $15.65bn (£9.7bn), compared with $14.55bn (£9bn) for full-year 2011.