All Financial results articles – Page 196
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NewsProfits leap at Laura Ashley
Fashion and homewares retailer Laura Ashley has reported first-half profits up 13.7% to £8.3m driven by its multi-channel strategy and a differentiated product range.
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NewsThorntons optimistic despite sales and profits fall
Chocolatier Thorntons has reported a fall in sales and profits as weak consumer spending hit the business, but chief executive Jonathan Hart expressed “cautious optimism” about the future.
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AnalysisBurberry: What the analysts say
A marked slowdown in sales over recent weeks has forced Burberry to issue a surprise profits warning. The City dissected the statement and expressed concern.
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NewsBurberry suffers sales slowdown
Retail sales at luxury giant Burberry have slowed in the second quarter and full-year profits are now expected to come in at the lower end of expectations
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NewsSuperGroup posts like-for-like sales rise
Fashion retailer SuperGroup’s like-for-like sales rose 1.7% in the first quarter and it the retailer it is on track to achieve its financial targets.
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NewsFull-year sales surge 17% at Primark
Sales at value fashion giant Primark are expected to have risen 17% in the financial year about to end, parent Associated British Foods disclosed.
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AnalysisInternational analysis: Carrefour reveals plan of action after poor first half
French grocery giant Carrefour has posted disappointing results for the first half of the year, mostly because of difficult conditions in the austerity-hit countries of southern Europe.
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NewsAnalysis: Robert Dyas looks for growth and efficiencies under new owner
The hardware retailer has a new owner and is now debt free but profit margins need to improve.
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OpinionComment: Sports Direct proves it’s still on a winning track
Sports Direct this week proved itself once again to be a retail gold medallist.
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OpinionComment: The UK still offers investment opportunities
The UK and its retail industry still tick the boxes for investment opportunities.
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OpinionComment: Morrisons - playing the right cards?
It was interesting to hear Dixons’ chief executive Seb James say today that successful multichannel electrical retailing is like playing a three-card-trick.
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NewsBRC calls for business rates to be frozen in 2013
The British Retail Consortium (BRC) is urging the Government to freeze business rates next year as retailers brace themselves for another crippling increase.
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AnalysisAnalysis: How can retailers raise brand awareness?
It’s no longer all about price – retailers must entice customers through an accessible, engaging brand. Rebecca Thomson finds out why retail is becoming more brand aware.
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OpinionComment: Light at end of tunnel for Argos
Structural issues are often blamed for Argos’ declining sales.
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News
Harvey Norman reports net profit decrease
Consumer electronics specialist Harvey Norman described its year to June 30 as one of its most difficult.The retailer reported a 32% fall in net profit to AUD172.5m (£111.3m) compared with the previous year. The drop was blamed on soft consumer sentiment and discounting.Chief executive Gerry Harvey was more positive about ...
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NewsThe Works reports strong sales growth
Discount bookseller The Works has continued the strong performance it notched up in the second half of last year with “positive” like-for-likes since year end.
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News
Net income plunges at Best Buy
Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.Total revenue fell ...
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News
Woolworths reports group turnover growth
Food and clothing retailer Woolworths reported group turnover growth of 11.8% to ZAR28.6bn (£2.15bn) for its financial year ended June 24. Operating profit was up 26.6% to ZAR2.7bn (£203.2m), and profit after tax increased by 25% to ZAR2.1bn (£158m).At Woolworths’ African food and clothing operations, total sales increased by 11.6% ...
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NewsCo-op boss criticises rivals’ ethical stance
Co-operative Group chief executive Peter Marks accused his grocery rivals of “jumping on the bandwagon” of ethical retailing as he reported a slide in first-half sales and profits.
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OpinionComment: Morrisons must reassure City
After the summer lull, the flow of trading statements begins again and the runes will be read ahead of the fast-approaching golden quarter.