All Financial results articles – Page 201
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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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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 ...
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NewsWestfield Stratford retailers fear Olympic car park closure impact
Retailers at Westfield Stratford City have vented their frustration about the closure of the car park at the giant shopping centre, which is understood to have resulted in a plunge in footfall.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsDixons sets out new strategic priorities as profits rise
Electricals group Dixons is moving into a new strategic phase and has posted full-year profits at the top end of expectations.
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NewsMajestic Wine hires new commercial boss
Majestic Wine has appointed a new commercial director as it continues to defy market conditions to record sales increases.
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OpinionBoost for Argos as it stems decline
So used has the City become to dismal trading at Home Retail’s flagship Argos business that any sign of respite prompts jubilation.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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AnalysisMulberry: What the analysts say
Despite a slowdown in sales growth in recent weeks, the future is still bright for Mulberry according to retail’s analyst community.
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NewsIn-store experience becomes major focus for grocers
Focus shifts from space race to refurbishments in market share showdown.
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NewsCarphone Warehouse posts strong sales growth in new categories
Carphone Warehouse has reported strong sales growth outside its traditional category of mobile phones, but earnings at its core retail business were flat in a tough market.
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AnalysisAnalysis: Deal wrapped up at Clinton Cards but tough work lies ahead
Clinton Cards’ new owner American Greetings will have to make radical changes to return the retailer to profitability.
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OpinionRetailers follow in Amazon’s footsteps
Supermarket group Sainsbury’s surprised on Tuesday, a day ahead of its quarterly update, with the acquisition of Anobii, an ebooks service and social network for book lovers.
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NewsTed Baker looks to the Far East for overseas growth
Ted Baker’s expansion into the Far East is likely to be a “game changer” for the fashion retailer, according to analysts.
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News
Grocer ITM reports like-for-like revenue growth
Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, ...
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News
Toys R Us reports net loss of $60m
Toys R Us reported a net loss of $60m (£39m) for the quarter ended April 28 compared with a loss of $67m (£43m) a year ago, despite a 0.9% drop in sales, thanks to margin improvements and cost controls. Net sales totalled $2.6bn (£1.7bn), hit by a decline of 5% ...