All Financial results articles – Page 214
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NewsDrama dominates as Kesa sells Comet
Stores shares advanced across the board in a week dominated by dramatic corporate action and results from some of the industry’s biggest names.
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OpinionM&S strategy looks sound
So far so good for Marc Bolland. While the Marks & Spencer chief executive revealed a fall in first-half profits this week, the overall performance was in line with analysts’ expectations and most onlookers breathed a sigh of relief.
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NewsAll Saints full year profits plunge
All Saints profits plunged 9% to £21.5m despite soaring sales for the year ending January 2011, according to figures filed at Companies House.
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NewsHobbs profits soar on record sales
Upmarket womenswear retailer Hobbs’ pre-tax profits soared 137% on record sales in the year to January 29.
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OpinionConsumer slowdown is accelerating change
Sitting in a top fashion retailer’s office on Tuesday with the air-conditioning turned up to full blast, it wasn’t hard to see why selling clothes is hard at the moment.
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AnalysisAmazon’s profits hit as it focuses on long-term gains
Last week Amazon recorded a 73% fall in net profit to $63m (£39.1m) during its third quarter ended September 30 compared with the same period last year, despite sales jumping 44% to $10.88bn (£6.75bn).
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NewsUncertain outlook knocks retailers hard
General retailers had a bad week as their stocks declined by twice as much as the wider market, which took a knock as the eurozone crisis dragged on and pundits argued over the UK’s economic prospects.
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NewsAsos half year profits soar 66%
Online giant ASOS half-year profits before tax and exceptionals soared 66% to £11.7m.
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NewsFirst-half sales edge up at Boots
Health and beauty powerhouse Alliance Boots is on track to meet its financial targets this year despite tough trading conditions.
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OpinionStill deals to be done despite volatility
It is no great surprise that the mergers and acquisitions environment has been getting much tougher over recent months with increasingly volatile trading conditions and darker consumer outlook – but more about that later, what has happened so far this year?
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NewsStore Twenty One to push trend-led fashion
Value clothing and homewares retailer Store Twenty One is to further increase its fashionability after its trendier lines helped it bounce back into the black.
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NewsDirectory sales power third quarter sales growth at Next
A strong third quarter performance from Next’s Directory business helped compensate for weak store sales and full-year profits are expected to be up.
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NewsProfits plunge at JJB
Sports retailer JJB has suffered a slump in interim profits and poor second half trading has forced a re-budgeting.
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NewsNo respite for furniture retailers until 2014
Battered furniture and flooring retailers will not have any relief from punishing conditions until 2014 as the housing market remains stagnant.
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OpinionIs this the calm before the storm for retailers?
Every time the ONS or BRC issues sales figures that are not as bad as expected, the retail industry is accused of crying wolf.
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NewsStruggling Clintons suffers profit plunge
Greetings card retailer Clinton Cards has suffered a slide in full-year profits but is embarking on a turnaround programme and has agreed a credit extension with lenders.
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NewsRetail suffers as bad news hits confidence
The overall market was up but retail shares were down over the week, with a raft of bad news and concern about consumer confidence hitting the stores sector.
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AnalysisCarrefour sounds profit warning as sales slide
Last week, the world’s second largest retailer, France-based Carrefour issued its fourth profit warning saying it expected 2011 operating profit to fall by up to 20%, compared with 15% stated previously for its third profit warning in August.
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NewsUK sales growth slows at Asos
Online fashion specialist Asos has posted a sharp slowdown in UK sales but overseas revenues continue to soar.
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NewsRising costs and promos take blame for dip in Clarks’ profits
Footwear retailer Clarks has blamed a poor performance in the UK for a steep fall in group profits in the first half to July 31.