All Financial results articles – Page 204
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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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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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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% ...
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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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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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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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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.