All Financial results articles – Page 195
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News
Coles Group reports net sales increase
Coles Group has reported that net sales at its Coles division – food and liquor plus convenience outlets – rose 4.2% to Aus$8.44bn (£5.44bn) in the quarter ending September 30.Food and liquor sales were Aus$6.6bn (£ 4.25bn), up 4.9% on the previous corresponding period. Comparable food and liquor store sales ...
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News
Amazon records third quarter net loss
Amazon recorded a net loss of $274m (£170.1m) for its third quarter ending September 30, against a net profit of $63m (£39.1m) a year earlier. Sales rose 27% to $13.81bn (£8.57bn).It was Amazon’s first quarterly loss since 2003 and included a charge of $169m (£104.9m) related to writedowns at daily ...
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NewsJoules returns to profit after restructure
Joules has returned to profit after concluding a restructuring programme and bolstering its senior management team.
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NewsAmazon slips into loss in third quarter
Online retail giant Amazon has posted a third quarter loss, behind Wall Street expectations, as it was hit by a poor performance at online deals business Living Social as well as investment in the Kindle e-reader and distribution centres.
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NewsAnalysis: Expansion for Home Bargains
TJ Morris, which trades as Home Bargains, is making strides in the value sector.
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OpinionComment: Argos bids farewell to past in digital shift
The much anticipated strategic review of Argos by its managing director John Walden was delivered this week from the relative comfort of a first-half performance that registered like-for-like sales growth of 0.6%.
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NewsCard Factory posts flat profit after absorbing VAT increase
Card Factory delivered flat pre-tax profit in the year to January 31 after absorbing the rise in VAT, following a 56% hike in profits the previous year.
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NewsWalden unveils digital vision for Argos
Queues in Argos stores would become a thing of the past under the ambitious vision of new managing director John Walden as he reinvents the business as a “digital retail leader”.
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OpinionComment: Amazon and Asos are not kindred spirits
Ahead of etailer Asos’ results there was speculation that the online fashion specialist was being eyed as a possible takeover target by Amazon.
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NewsArgos to leave catalogue heritage behind
General merchandise giant Argos is to move decisively away from its catalogue heritage as it bids to reinvent itself as a “digital retail leader”.
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NewsBooths profits hit by 'intense' grocery competition
Upmarket grocer Booths has reported a fall in pre-tax profits after depressed consumer spending and “intense” competition in grocery took a toll.
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News
Grupo Pão de Açúcar posts sales growth
Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012.According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.
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AnalysisInternational analysis: Small stores and digital key to Carrefour’s future
Last week, the world’s second largest retailer, Carrefour, posted its third-quarter results.
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AnalysisAnalysis: Iceland’s bullish boss holds the grocer steady
Despite a tough six months, Iceland founder Malcolm Walker insists the frozen food retailer can excel and explains why staff should think of him as Father Christmas.
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AnalysisAnalysis: Homewares retailers move with the times
The homewares and furniture sector has faced trying times, and difficult trading conditions have hit retailers unprepared for change. Anna Richardson Taylor speaks to those who see opportunities for innovation and growth.
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NewsBinnie made Jaeger executive chairman as Tillman exits
Stewart Binnie aims to restore the retailer’s international business and Japan is top of his list
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News
Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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News
Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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OpinionComment: Encouraging trends reported at N Brown
Andy Higginson will have been pretty pleased with his first set of figures as chairman of home shopping group N Brown.
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News
Fast Retailing reports net income increase
Fast Retailing posted a 31.8% increase in net income for the year ended August 31.The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn ...