All Financial results articles – Page 202
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News
Neiman Marcus posts total revenues increase
Department store group Neiman Marcus posted total revenues of $1.06bn (£670m) for the 13 weeks ended April 28 compared with $983.8m (£621.7m) in the corresponding period in 2011. Like-for-like revenues rose 6.7%. Operating earnings were $146.6m (£92.6m) compared with $123.2m (£77.6m) the previous year, an increase of 19%. Net profit ...
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AnalysisProfile: Peter Simon, founder, Monsoon Accessorize
The hands-on founder of Monsoon Accessorize is driving a management overhaul to steady the business following the departure of two key bosses.
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AnalysisHalfords: pedalling back toward growth
The high price of petrol and dwindling sat-nav sales have hit Halfords, but the retailer aims to map out new routes to success.
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OpinionSale of Hammersmith Apollo puts HMV in a better place
An increasingly happy tune is being whistled at HMV which, to the surprise of some, looks better placed than it has done in years.
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NewsJessops defies tough climate to record surge in profits
Cost control and margin improvement boost retailer despite tsunami impact on supply.
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NewsClarks profits hit by rising costs and promotions
Pre-tax profit at footwear giant Clarks dipped 2.4% for the year to January 31 due to a combination of high cost pressures and a rise in promotional activity.
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NewsAsos adjusts prices to keep shoppers on side
Asos is sharpening its UK prices to attract young, hard-hit shoppers.
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AnalysisAnalysis: Simon Calver promises to restore Mothercare's fortunes
New chief executive Simon Calver explains how a focus on ‘basic retail’ will restore Mothercare to health.
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AnalysisProfile: Jon Kamaluddin, international director, Asos
As Asos continues to build its overseas business to drive sales, its international director relishes the challenges of global growth.
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AnalysisCostco’s caution pays off in ‘fragile’ environment
US-based Costco’s third-quarter earnings registered slightly above its expectations.
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OpinionAsos: The online giant continues to reward investors
As the recriminations continue following Facebook’s botched IPO, there is one online business that carries on rewarding investors – Asos.
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NewsMonsoon to overhaul top team as senior bosses exit
Fashion retailer also reviews costs and store portfolio to adapt to difficult market.
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News
Co-operative Eroski reports net loss
Co-operative Eroski has reported a net loss of E36m (£28.8m), a 44% improvement on the loss of E64.6m (£51.6m) the previous year. The retailer has now made a loss for four consecutive years as it continues to be hit by high level of debt and a weak economic environment. It ...
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News
JC Penney records drop in sales
Department store operator JC Penney recorded a larger-than-expected drop in sales for the first quarter.The retailer, which aims to establish itself as an affordable fashion-orientated business by moving away from promotions and couponing to low prices on most items, also surprised investors by ending its dividend to help fund a ...
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News
Target reveals net earnings increase
Mass merchandiser Target revealed that net earnings for the first quarter of 2012 rose 11.5% to $697m (£441.5m) year on year. Sales increased 6.1% from $15.6bn (£9.88bn) to $16.5bn (£10.45bn) due to a 5.3% rise in like-for-like sales and the contribution from new stores. EBIT was $1.12bn (£709.4m), an uplift ...
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AnalysisIn the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.
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NewsSales soar at The Entertainer as sector rivals close down
Specialist toy retailer The Entertainer posted a surge in sales in its first quarter as it filled the gap left by closed Woolworths, Early Learning Centre and Hawkin’s Bazaar stores.
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AnalysisWalmart prospers in US but stuggles with digital
Recording its third consecutive quarter of positive comps growth, it appears Walmart has finally found momentum in the US by going back to basics Walmart US reported a 2.6% rise in first-quarter like-for-like sales, excluding fuel, last week.
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OpinionM&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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NewsSignet UK sales nudge up
Signet’s UK like-for-like sales edged up for the first quarter of 2012.