All Financial results articles – Page 242
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NewsDunelm like-for-likes rise 5 per cent in second half
Homewares retailer Dunelm has revealed better than expected sales for its second half, with like-for-likes growing 5 per cent as it takes market share.
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NewsGame splits City opinion as sales suffer a surprise slump
Analysts are divided over entertainment retailer Game’s prospects after a sales plunge shocked the market.
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NewsBrightHouse EBITDA jumps 21.5 per cent
Rent-to-own electricals and furniture retailer BrightHouse has defied the economic gloom, revealing a 21.5 per cent hike in EBITDA to £29.4m in its full-year results.
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NewsBeales plots ‘aggressive’ strategy to regain profits
Beales is confident of returning to profitability when the recession abates after outlining its strategy to see it through the downturn.
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NewsAsos’s staggering growth expected to slow
Heavy high street discounting and unemployment among younger shoppers is likely to slow the meteoric growth of Asos.
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AnalysisDSGi and Kesa powering up for the electricals battle with Best Buy
As US giant Best Buy prepares for its UK launch, the dismal results of UK leaders DSGi and Kesa show they must raise their game, says Amy Shields
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NewsCastorama holds firm as French DIY sector shrinks
Castorama holds firm as French DIY sector shrinks
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News
Colruyt’s pre-tax profits rise
Discount grocer Colruyt’s pre-tax profits rose 8 per cent to €549m (£467m) in the year to March 31, missing forecasts of €559m (£475m). Total sales increased 11.2 per cent to E6.3bn (£5.35bn), in line with forecasts.The retailer said: “Despite the economic crisis the Colruyt Group continues to invest in future ...
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NewsLagging Waterstone’s fails to dampen resurgent HMV
Entertainment group HMV impressed the city with improved profits, despite difficulties at its Waterstone’s books chain.
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NewsInstore losses more than double
Losses at mixed-goods retailer Instore have more than doubled from £2.2m to £5.8m. Like-for-likes fell 0.8 per cent in the year to February 28 and the total was down 0.3 per cent to £295.8m.
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News
Sobeys reveals net profit hike
Grocer Sobeys has revealed a net profit hike of 21.1 per cent to C$226m (£118m) in the year to May 2.Like-for-like sales increased 5.2 per cent while total sales climbed 7.2 per cent to C$14.76bn (£7.7bn) as a result of new stores and extensions, as well as sales and ...
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News
Pre-tax profits rise at H&M
Pre-tax profits at H&M rose 6 per cent to Skr5.78bn (£452.9m) in the second quarter to the end of May. Sales excluding VAT soared 23 per cent to Skr26.5bn (£2.1bn), an 8 per cent increase in local currencies and a decline of 2 per cent on a like-for-like basis.Gross margins ...
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OpinionA tale of two retailers
Two sets of results issued on Monday illustrated perfectly how the retail sector has polarised. While online meteor Asos celebrated a stellar year, department store tiddler Beales was hunkering down for continued hard times after a challenging first half.
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NewsMarks & Spencer reports improved sales in first quarter
Marks & Spencer reported an improvement in UK sales in its first quarter, buoyed by its 125th anniversary campaign and the timing of Easter.
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NewsBeales first-half profits slide as outlook remains uncertain
Department store operator Beales has revealed its pre-tax profits fell from £570,000 to £540,000 in the 26 weeks to May 2.
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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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NewsBlacks upgraded on back of funding hopes
Broker Singer Capital Markets has upgraded Blacks Leisure on the assumption that the troubled retailer will successfully win additional funding.
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NewsShareholder discontent hinders Marks & Spencer
The next few weeks are likely to bring share price turbulence for Marks & Spencer. Shares were trading at 293.75p earlier this week – well above the 52-week low of 191.9p but down from a 363p high.
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AnalysisSainsbury’s to set the pace in space race
Strong sales figures and a bold store expansion plan have made Sainsbury’s the sector’s fall guy no more, says George MacDonald
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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.