All Financial results articles – Page 216
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NewsComet deal uncertain as like-for-likes nosedive
Electricals retailer Comet suffered a 22.1% like-for-like sales plunge in its second quarter after suffering a double-whammy of harsh trading conditions and tough comparatives.
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NewsNext signals end of price inflation as profits rise
Fashion giant Next has reported a 8.5% rise in first-half profits and signalled an end to price inflation.
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NewsPrimark operating margins to be hit by high street discounting
Primark’s operating margin is expected to be hit slightly in its full year results after a higher level of discounting than is normal on the UK high street towards the end of the summer.
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NewsBoden profits surge 13% in 2010
Home shopping giant Boden like-for-likes grew 5% in first half of the year as it reports a profit surge in 2010.
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NewsHMV confident of turnaround despite sales fall
Entertainment specialist HMV has posted a like-for-like sales fall of 15.1% in the first quarter but insisted that measures being taken to improve the business are bearing fruit.
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OpinionRetail excellence will make all the difference
The 0.6% like-for-like sales decline recorded by the BRC this week was reassuringly not too bad.
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NewsSuperGroup flagship to help brand expand product range
Superdry’s new Regent Street flagship store will allow the SuperGroup-owned brand to expand its product range, including a move into formalwear, according to chief executive Julian Dunkerton.
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NewsFranchises to guide Thorntons’ future
Thorntons wants to maintain a presence in locations where it shuts its company-owned stores via franchise partnerships.
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NewsSales slide at Argos
Argos suffered another big sales decline in its second quarter, but the retailer is confident that consumers will spend this Christmas.
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NewsSports Direct profits dip
Sports Direct gross profits suffered a dip after sales remained flat.
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NewsThorntons pre-tax profit dips after impairment charges
Thorntons has reported a dip in pre-tax profit but the chocolatier remains confident its turnaround plan will create a revitalised business.
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NewsLike-for-likes slide 7% at Dixons
Electricals group Dixons, owner of Currys and PC World, has posted a 7% fall in group like-for-like sales but will meet full-year profit expectations
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News
Analysts confident the only way is up for retail shares
Analysts believe store stocks are unlikely to crash further, despite big-name retail shares plunging last week, when specialist Topps Tiles also issued a profit warning.
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Opinion
Time to make a judgement call
Two of the retailers most mauled by the bears update next week, electricals group Dixons and Argos owner Home Retail.
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NewsTrading fears as festive countdown kicks off
Retailers cautiously optimistic for Christmas sales, but deep fears about the run-up persist.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.
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NewsTopps’ tumble spells trouble for sector
Analysts warned that Topps Tiles’ profit warning last week could signal weak trading for the wider home-related retail sector.
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NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
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NewsCo-op profits and sales hit by tough climate
The Co-operative Group has suffered a fall in first-half profits and sales in retail conditions described by chief executive Peter Marks as “the worst I have seen in over 40 years”.
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NewsStrong value proposition drives full-year profit at Fragrance Shop
The Fragrance Shop has reported that operating profit rose by 37.8% in its full year, driven by its strong value proposition.