All Financial results articles – Page 240
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News99p Stores guns for growth as profits soar
Value retailer 99p Stores is gunning to break the £200m turnover barrier and operate 120 stores by the end its financial year.
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NewsH&M profits rise
Pre-tax profits at H&M rose 6 per cent to SEK5.78bn (£447m) in the second quarter to the end of May.
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NewsSupermarkets to intensify online non-food push
Supermarkets look likely to steal a further slice of general retailers’ sales as both Tesco and Sainsbury’s revealed plans to extend their non-food operations in their first-quarter trading updates this week.
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NewsRay Kelvin upbeat as Ted Baker sales surprise
Ted Baker chief executive and founder Ray Kelvin remains confident that shoppers are still spending despite being in the middle of a deep recession.
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NewsMulberry profits down but sales up
Upscale fashion retailer Mulberry has revealed a drop off in full-year pre-tax profits but said that like-for-likes have soared 21 per cent in the past 10 weeks.
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NewsAlexon like-for-like sales fall
Alexon has seen a sharp fall in sales with like-for-like sales for the 17 weeks to June 13 down 10.5 per cent.
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NewsSainsbury’s raises £445m to fund growth
Sainsbury’s is to raise £445m to fund an accelerated growth drive and deliver an extra 2.5 million sq ft of trading space by March 2011.
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NewsTesco posts robust sales
Group sales at the UK’s largest retailer rose 12.6 per cent for the 13 weeks to May 30.
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NewsGame trading in line with expectations
Game Group has said that trading since February has remained in line with expectations.
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NewsTed Baker sales lifted by strong UK performance
Ted Baker has reported a surge of 15.2 per cent in retail sales for the 19 weeks to June 13 and said its gross margins have so far been in line with expectations.
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NewsIceland profits skyrocket as it sidesteps recession
Iceland chief executive Malcolm Walker has declared that the retailer is “not taking part” in the recession after revealing record sales and profits.
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Rewe increases sales
Grocery group Rewe increased group-wide retail sales by 10.5 per cent to €49.8bn (£42.9bn) in 2008, it revealed this week, with EBITDA up 8.5 per cent to €1.34bn (£1.15bn).It recorded growth both in its German home market and abroad, but contributions from overseas operations were particularly strong. Sales increases were ...
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Same-store sales in US decline
Same-store sales declined 4.6 per cent in the US in May, according to a report from Goldman Sachs and the International Council of Shopping Centers. The results were worse than a forecast 3 per cent drop.Among a slew of disappointing like-for-likes, department store group Nordstrom reported a fall of more ...
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OpinionTesco still a dab hand
After Morrisons’ first-quarter update last week, Tesco and Sainsbury’s post their numbers on Tuesday and Wednesday respectively and they should make for compelling reading.
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NewsStrong Morrisons update met with caution
Morrisons has unveiled robust trading in its first quarter, with “sales growth well ahead of the market”, it claimed.
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Signet sales slip but still rated a buy
Global sales at retail jeweller Signet fell 7.3 per cent to $762.6m (£472.9m) in the 13 weeks to May 2, with same-store sales down 2.9 per cent.
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NewsSales dip but second half stability beckons
Although BRC sales data for May revealed a 0.8 per cent dip in like-for-likes, brokers took comfort in the fact that the fall was not worse and at the prospect of easier comparisons later in the year.
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NewsWHSmith ‘good value’ after positive quarter
Bookseller and stationer WHSmith has revealed better than expected third-quarter sales.
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NewsHomebase records first quarterly like-for-like sales growth since 2007
Home Retail Group has revealed a better than expected sales performance in its first quarter as it grew market share and benefited from the warm weather.
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NewsNet-A-Porter profits leap 234 per cent
Online retailer Net-A-Porter has seen profits increase by 234 per cent, from £3.0m to £10.1 in the year to January 2009.