All Financial results articles – Page 39
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NewsJust Eat to axe nearly 1,900 jobs after post-lockdown sales slump
Takeaway platform Just Eat is set to slash 1,870 jobs in the UK following a slump in sales post-lockdown.
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NewsDeliveroo on ‘path to profitability’ as losses narrow
Deliveroo made a nearly £300m loss last year but remains adamant that it is making “excellent progress on the path to profitability”.
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AnalysisAfter ‘inflation hurricane’ hits, cost cutting is king at John Lewis
“Inflation has hit us like a hurricane” was the stark verdict from John Lewis Partnership chair Dame Sharon White as the retail institution slid to a £234m pre-tax loss.
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NewsJohn Lewis Partnership axes bonus and warns of job cuts as it swings to loss
John Lewis Partnership will not pay a bonus this year and has warned of job cuts within the group.
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NewsDFS warns on profits despite reaching ‘record market share’
Furniture specialist DFS has warned that its full-year profits will be at the lower end of its previous guidance, despite achieving “record market share” and higher average order values.
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NewsZara owner Inditex profits soar as ‘strong business model’ delivers
Inditex has posted strong annual profit growth, which it attributed to the strength and execution of its business model.
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NewsEG Group hails ‘resilient performance’ in tough economic environment
Petrol forecourt company EG Group has reported a “resilient performance” through its foodservice, grocery and merchandise, and fuel services despite a tough year that saw elevated operating costs.
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NewsMusic Magpie CEO focused on ‘buying, selling and renting more’ to improve profits
Music Magpie founder and chief executive Steve Oliver has said the company is focusing on “buying more, selling more and renting more” after reporting expected, albeit lacklustre, full-year results.
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NewsMusic Magpie profits fall despite record Black Friday sales
Music Magpie has reported falling profits despite a record Black Friday trading week and more than doubling its rental subscribers year on year.
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NewsHotel Chocolat profits and revenue fall as international sales suffer
Hotel Chocolat has posted a fall in profits and revenue in its first half as strong UK sales were offset by plummeting international sales.
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AnalysisInditex vs H&M: Which fashion giant will win in five years’ time?
Fashion icons H&M and Inditex each boast a wealth of brands, booming online propositions, slick apps and cutting-edge stores. But which will be the winner in our five-year forecast?
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NewsAO rebound due to ‘emphasis on profitability and generating cash’
AO.com has credited its recent successes to changing its strategy to focus on profitability as well as maintaining a quality service that meets customers’ needs.
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NewsPrimark trades ‘well ahead of expectations’ as footfall climbs
Value fashion giant Primark “traded very well” in the first half, parent company ABF has reported.
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AnalysisHow Dunelm is making itself at home in a volatile market
Homeware and furniture retailer Dunelm’s total sales are 43% higher than they were pre-pandemic in the first half of 2020. So what is it doing to deliver growth when its rivals have struggled?
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NewsDunelm delivers mixed results as profits plummet
Dunelm has reported falling profits despite a jump in total sales, as the homeware specialist battled strong comparatives and inflationary pressures.
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NewsExclusive: Two new players to enter top 30 biggest retailers by 2026
A ranking of the biggest retailers in the UK and a five-year forecast of the top 30 has revealed two new retailers will be joining the list.
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NewsExclusive: M&S to overtake John Lewis by 2026, forecast reveals
Marks & Spencer is set to supplant the John Lewis Partnership in the ranking of the biggest retailers in the UK, an exclusive forecast by Retail Week Prospect reveals.
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DataRanking: Who will be the biggest retailers in the UK in 2026?
Offering a glimpse of what lies ahead, Retail Week analysts reveal which retailers will sit at the top of the food chain in 2026, which will be overtaken by their closest rivals and which will lose their spot in the ranking altogether
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NewsScS returns to order growth over winter and holds outlook
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year
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NewsH&M profits plummet due to departure from Russia and rising costs
H&M has blamed its plummeting profits on “negative external factors” including one-time costs as a result of winding down trading in Russia, Belarus and Ukraine, as well as its cost and efficiency programme.