All Financial results articles – Page 193
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NewsAsos sales jump due to price cuts and rain
Asos UK sales have bounced back as the online fashion giant’s price cuts paid off and the wet weather drove people online.
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NewsMarks & Spencer fashion chief Bostock stands down
Kate Bostock, Marks & Spencer’s clothing supremo, has sensationally stepped down “by mutual consent” with the retailer after clothing sales went into tailspin.
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NewsGrocer Iceland puts service centre stage
Iceland managers are to present to the board this week the early findings of a big customer feedback programme designed to enable improved levels of service at the frozen food specialist.
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NewsApple Retail UK: Innovative products key to success
The secret of the company’s success lies in innovative products and good customer service.
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NewsMaplin invests £40m to improve business
New chief executive John Cleland to drive ecommerce and boost store numbers by 50%.
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NewsSavers almost back in black after turnaround
Value health and beauty retailer Savers, sister company to Superdrug, is heading back into the black for the first time since 2005 as it concludes a four-year turnaround plan.
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OpinionBeating the wet weather
The strengths of department store group Debenhams’ strategy shone through in last week’s update.
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AnalysisTopps Tiles: What the analysts say
Topps Tiles defied the high street gloom to report a 2.1% increase in like-for-like sales in the 13 weeks to June 30.
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AnalysisN Brown: What the analysts say
N Brown surprised the market this morning with news that chief executive Alan White and chairman Lord Alliance will leave the home shopping group. The announcement coincided with the company reporting a 1.9% rise in like-for-like sales in the 17 weeks to June 30. Total sales increased 2.5%.
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AnalysisAnalysis: Fifty years of Walmart
Half a century ago today Sam Walton opened his first Walmart store in Rogers, Arkansas. George MacDonald examines how the company went on to change the global retail landscape.
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News
Drugstore group Walgreens reports sales decline
Drugstore group Walgreens reported that sales declined 3.4% to $17.8bn (£11.4bn) for the third quarter ended May 31.Net earnings fell by 10.8% to $537m (£345m), impacted by the retailer no longer being part of the Express Scripts pharmacy provider network, as well as costs associated with entering into a strategic ...
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AnalysisKesa rebrands following lacklustre financial results
Kesa Electricals has revealed a business restructure and a new focus on multichannel retailing across its European network.
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NewsHomebase: Evolution of the shed format
Poor weather hit sales but the retailer continues to focus on store formats and big-ticket items.
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OpinionShapland shapes up for Carpetright challenge
After only six weeks in the job, no one was expecting a miracle from new Carpetright chief executive Darren Shapland in this week’s annual results – in fact the market was braced for bad news following a succession of profit warnings.
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NewsMFI’s Favell drafted in at Bathstore
Former MFI chief executive Gary Favell has been hired as the new boss of Bathstore after the big-ticket retailer was bought by investment firm Endless last month.
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OpinionDixons in good position for growth
Dixons’ full-year profits were down year on year but nevertheless came in at the top of expectations – which means the electricals retailer looks to be in a good position for growth.
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NewsDebenhams sales rise but margins hit
Department store group Debenhams has posted strong sales growth after making the most of red-letter periods such as Easter and the Queen’s Diamond Jubilee but gross margin was affected by a shift in the sales mix because of wet weather.
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NewsCarpetright profits slump as low consumer confidence hits trade
Carpetright’s UK underlying operating profit slumped from £17.8m to £2.8m last year as weak consumer confidence undermined performance.
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AnalysisOverseas growth: Why the VISTA countries are worth considering
Retailers eyeing overseas growth often look at the BRIC markets, but VISTA countries – Vietnam, Indonesia, South Africa, Thailand and Argentina – are worth considering.
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News
Inditex reports net profit increase
Clothing giant Inditex reported a 30% rise in net profit to E432m (£374.7m) for its first quarter, on revenues up 15.4% to E3.4bn (£2.95bn).The retailer posted its highest-ever gross margin, which rose by 140 basis points to 60.2%.During the quarter Inditex opened 91 new stores in 26 countries. The retailer ...