All Financial results articles – Page 2
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NewsDebenhams proposes new executive pay policy as balance sheet strengthens
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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NewsSosandar reports return to growth despite M&S cyber disruption
Sosandar has posted a return to revenue growth despite five months of ‘no material revenue’ from M&S.
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NewsAO’s membership programme boosts sales and profits
AO has said the contiued uptake and development of its membership proposotion has driven futher growth.
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NewsMonsoon Accessorize returns to profit despite ‘tough consumer climate’
Adena Brands, parent company of Monsoon Accessorize, reported a “significant improvement” in trading and a return to profit.
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AnalysisAsos’ CEO on how the fashion retailer plans to win back customers
Asos is gaining momentum with its turnaround plan after it shrunk pre-tax losses last year. With profitability on the up, chief executive José Antonio Ramos Calamonte is turning his attention to restoring revenue growth
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.
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NewsHobbycraft reports ‘strong trading’ after loss-making year
Specialist retailer Hobbycraft is now in a position to “prosper” after previously suffering a fall in annual earnings, Retail Week can reveal.
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AnalysisExplainer: What are the implications of WHSmith’s US accounting blunder?
WHSmith chief executive Carl Cowling has resigned after six years at the helm following an investigation into an accounting error at the flagship US business. Retail Week explores the significance of the latest developments
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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Opinion‘B&M may not shoot the lights out this Christmas, but next may be more important’
A renewed emphasis on retail detail under new leadership may help B&M in the longer term after a lacklustre start to this year’s golden quarter, says George MacDonald
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NewsThe Works ‘pleased with progress’ despite broadly flat sales
The Works said it was “pleased with the progress” of its new strategy, despite reporting broadly flat sales growth in the first half.
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NewsMarks Electrical CEO sees green shoots despite falling profits and revenues
Marks Electrical profits and revenues have fallen after the retailer focused on “repositioning its inventory” in the first half, but its chief executive sees signs of recovery after returning to profitability in October.
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NewsB&M profits slump as CEO shuffles leadership team
B&M profits plunged in the first half of the financial year, as the retailer’s new chief executive made sweeping changes to his leadership team.
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NewsWatches of Switzerland hails ‘standout’ US performance
Watches of Switzerland has posted a strong first half driven by a “standout” performance in the United States and said demand for luxury watches continued to exceed supply.
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NewsSainsbury’s ups profit guidance to over £1bn
Sainsbury’s expects its underlying operating profit for the year will be more than £1bn, following strong summer sales and cost savings.
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AnalysisThe City’s verdict after ABF mulls potential Primark decoupling
After Primark-owner Associated British Foods made the shock announcement this morning that it was weighing up spinning off Primark, Retail Week judges the City’s verdict.
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NewsABF considers spinning off Primark from wider business
Food and retail giant Associated British Foods has today announced it is undertaking a review of its group structure with an eye to possibly splitting up its Primark and food businesses.