All Financial results articles – Page 197
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OpinionComment: M&S multichannel store is last hurrah of space race
Renewed speculation of a takeover bid for Marks & Spencer has been inevitable since it reported its worst trading performance in three years last month.
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News
Grocery retailer Ahold reports sales increase
Dutch grocery retailer Ahold’s sales increased 8% to e17.4bn (£13.76bn) in the first half of 2012.At constant exchange rates, that was a rise of 2.8% compared with the same period last year. Operating income was e724m (£572.8m), up 3.2%.Chief executive Dick Boer said: “We expect market conditions to remain difficult.”
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News
Grocer Delhaize posts sales growth
Grocer Delhaize posted sales of e11.17bn (£8.84bn) for the first half of 2012, representing growth of 10.1% compared with the same period the previous year. Operating profit was e207m (£163.8m), down 51.5%.In the US, revenues fell 2.2% to $9.35bn ($5.91bn). Excluding the 126 stores closed in February, sales increased 0.5%.In ...
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NewsCountrywide profits fall despite sales boost
Profits at rural specialist Countrywide fell last year despite a jump in sales.
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AnalysisInternational analysis: Walmart slows expansion in some overseas territories
Last week Walmart reported a strong set of results for its second quarter ended July 31.
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AnalysisAnalysis: Asda takes on Tesco in battle for spend
Asda’s chief executive is getting ready to fight off a revived Tesco.
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AnalysisProfile: Sally Bailey, chief executive, White Stuff
Tough times came late for White Stuff but, despite a profits plunge last year, its chief executive is preparing for future growth.
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News
Target reports second-quarter sales increase
Target’s second-quarter sales rose 3.5% to $16.5bn (£10.51bn). Like-for-like sales were up 3.1% on top of a 3.9% gain a year ago. Net earnings remained flat at $704m (£448.6m).During the quarter, Target added eight new stores, including its first three CityTarget stores. The retailer’s REDcard loyalty scheme penetration reached 12.8% ...
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NewsFat Face ready for growth after ditching discounting
Fashion retailer Fat Face says 7% sales jump and kicking ‘discount drug’ leaves it poised for economic recovery.
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OpinionComment: Competition hots up for Amazon
The launch of US bookseller Barnes & Noble’s Nook ereader in the UK this autumn will bring a welcome increase in competition in the ebooks market.
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AnalysisRetail Week on the Road: Ireland
This week’s final instalment of our On the Road series visits Cork, where food specialist Musgrave is in expansion mode, before heading to Tallaght to visit department store chain Heatons, and Dublin’s upscale department stores Arnotts and Brown Thomas.
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NewsDobbies profits increase amid tough conditions
Tesco-owned Dobbies Garden Centres recorded a 22% uplift in sales last year while profits rose 6%.
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NewsCostcutter sales edge up as it speeds up Kwiksave roll-out
Sales at Costcutter have edged up in the first six months of the year while it has revised its target for new Kwiksave stores upward.
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OpinionComment: Opportunity knocks at SuperGroup
Just as SuperGroup looked to be getting a stable management in place, the fashion retailer has suffered the sudden loss of its co-founder and chief executive for wholesale and international.
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News
Net sales increase for Pantaloon Retail
Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m).The retailer added 2.37 million sq ft in the year, taking its total retail space to 16.71 ...
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News
Sales fall at department store group JCPenney
Department store group JCPenney’s sales fell 22.6% to $3.02bn (£1.92bn) for the second quarter ended July 28. Like-for-like sales were down 21.7%. Online sales were $220m (£140m) in the period, a fall of 32.6%. The retailer said the results included the effects of its exit from its outlet business and ...
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NewsAnalysis: Majestic Wine prospers in the economic downturn
The specialist wine retailer Majestic Wine is thriving despite the depressed economy.
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OpinionComment: July BRC figures show signs of life
The July sales figures reported by the BRC hardly represented a ‘wish you were here’ postcard from the industry, but behind the monthly figures there were reasons for optimism.
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OpinionComment: Next shows the way with multichannel model
Raising profit forecasts is pretty rare in retail at the moment but that’s what fashion group Next did on Wednesday when it unveiled first-half sales.
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News
Amazon records increase in sales
Amazon recorded a 29% increase in sales to $12.83bn (£8.17bn) in its second quarter ended June 30. That was slightly below Wall Street expectations and compared with a record 51% growth for the corresponding quarter last year.Operating profit declined to $107m (£68.1m) from $201m (£128m). Revenue at the company’s North ...