All Financial results articles – Page 248
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News
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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News
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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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.
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NewsInditex sales rise by 5 per cent in the first quarter, but profit falls
Net sales at the Spanish fashion giant totalled €2.39bn for the quarter to April 30.
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NewsSales rise at Ideal Shopping Direct
Home shopping retailer Ideal Shopping Direct has reported a 2 per cent rise in sales for the 21 weeks to May 24.
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News
Profits at Office Depot’s North American retail division decline
Operating profits at Office Depot’s North American retail division declined from $82m (£50m) to $81m ($49.4m) in the first quarter to March 28. Like-for-likes plummeted 17 per cent while total sales slumped 16 per cent to $1.4bn (£854.4m).The company, which includes a business solutions arm, reported a net loss of ...
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NewsMoss Bros should survive recession, analysts say
Moss Bros should be “one of the survivors of the recession” analysts believe, after the retailer reported sales ahead of City expectations.
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News
Promotions lift Laura Ashley sales
Sales at Laura Ashley jumped 8.4 per cent in the 17 weeks to May 30, due mainly to targeted promotions and store openings. Like-for-like sales rose 6.9 per cent.
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NewsJoJo Maman Bébé set for record year
Maternity retailer JoJo Maman Bébé expects to shrug off the downturn to record its most profitable year.
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NewsTopps Tiles moots options to bolster sales
Topps Tiles is considering potential new revenue streams, including business to business, and mulling whether to pull out of Holland.
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NewsKingfisher surprises City with ‘stormingly good’ first quarter
Kingfisher beat analysts’ forecasts with its first-quarter trading update and wants to capitalise on the Irish market now that rival Wickes has halted its expansion plans there.
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NewsWHSmith reports robust third-quarter sales
WHSmith has revealed better than forecast third-quarter sales and said it is confident on its full-year prospects.
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NewsDebenhams to raise £323m in share sale
Debenhams has revealed plans to raise £323m in a share placing to slash its debt pile and said profits were growing at the department store chain.
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NewsKingfisher profits soar 38.5 per cent in first quarter
Kingfisher’s retail profit surged 38.5 per cent to £128m in the 13 weeks to May 2, beating expectations as seasonal products and favourable weather lifted sales.
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NewsLaura Ashley enjoys sales lift
Laura Ashley has reported a like-for-like sales uplift of 6.9 per cent in the 17 weeks to May 30.
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NewsDavid Jones says loss-making JJB Sports is his ‘biggest challenge ever’
JJB Sports executive chairman David Jones has described his turnaround attempt as “the biggest challenge I have ever had”, as the retailer posted a full-year loss of £189m.
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NewsGame’s share price slides after Gamestop’s caution
Computer entertainment group Game’s shares plunged after US giant Gamestop warned of falling sales last week.
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NewsFindel considers rights issue
Home shopping group Findel may launch a rights issue to put its finances on a more secure footing.
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News
Sales declines hit Gap profits
Sales declines across all four of Gap’s divisions have led to a 14 per cent slump in first-quarter profits at the clothing giant.In the quarter to May 2 earnings were 15m (£135.5m), down from 49m (£156.9m) the year before. First-quarter net sales were $3.13bn (£1.97bn) compared with $3.38bn (£2.13bn) the ...