All Financial results articles – Page 4
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NewsTopps Tiles incoming CEO hails ‘encouraging results’ as it swings back into the black
The incoming new chief executive of Topps Tiles has hailed the retailer’s “encouraging results” as it swung back to profitability for the full financial year.
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AnalysisDefiant Leighton sticks to his guns as he vows to rebuild Asda ‘to its former glories’
Even as sales continue to slip, Asda’s credit rating is downturned and its private equity owners turn to sale and leasebacks of stores, executive chair Allan Leighton insists his turnaround strategy is working
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NewsAsda vows to ‘double down’ on strategy as like-for-likes slide
Asda has vowed to double down on its ‘Formula for Growth’ strategy, even as its total revenues and like-for-like sales dropped in the third quarter.
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InterviewQ&A: Halfords CEO Henry Birch on the Budget, AI and Black Friday
Halfords has posted growth in both profits and sales, driven by a strong performance from its cycling business. Chief executive Henry Birch spoke to Retail Week about his reaction to yesterday’s Budget, how the retailer is implementing AI and what the consumer sentiment is like ahead of Black Friday
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NewsRevolution Beauty blames profit warning on previous management
Revolution Beauty has blamed its latest profit warning on previous management and said it has been “encouraged” by the progress made since its founders returned to the business.
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NewsHalfords delivers profits and sales growth as cycling business leads the way
Halfords has announced growth in both profits and sales, driven in particular by a strong performance from its cycling business.
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NewsDebenhams proposes new executive pay policy as balance sheet strengthens
Debenhams Group has proposed a new ‘Group Turnaround Scheme’ remuneration policy for senior executives, as losses at the fashion retailer improved.
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NewsSosandar reports return to growth despite M&S cyber disruption
Sosandar has posted a return to revenue growth despite five months of ‘no material revenue’ from M&S.
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NewsAO’s membership programme boosts sales and profits
AO has said the contiued uptake and development of its membership proposotion has driven futher growth.
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NewsMonsoon Accessorize returns to profit despite ‘tough consumer climate’
Adena Brands, parent company of Monsoon Accessorize, reported a “significant improvement” in trading and a return to profit.
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AnalysisAsos’ CEO on how the fashion retailer plans to win back customers
Asos is gaining momentum with its turnaround plan after it shrunk pre-tax losses last year. With profitability on the up, chief executive José Antonio Ramos Calamonte is turning his attention to restoring revenue growth
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NewsAsda agrees sale and leaseback arrangement for stores and depot
The grocer has today [November 20] announced it has reached a £568m sale and leaseback agreement with two separate investment firms.
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NewsDr Martens sees full-price and DTC sales improve
Dr. Martens has posted an improved sales performance in the first half as its new strategy beds in, driving more full-price and direct-to-consumer sales.
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NewsJD Sports warns unemployment and volatile sentiment could impact sales
JD has warned markets that its profits will be among the lower end of market expectations due to rising unemployment and volatile customer sentiment among its core demographic.
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NewsHobbycraft reports ‘strong trading’ after loss-making year
Specialist retailer Hobbycraft is now in a position to “prosper” after previously suffering a fall in annual earnings, Retail Week can reveal.
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AnalysisExplainer: What are the implications of WHSmith’s US accounting blunder?
WHSmith chief executive Carl Cowling has resigned after six years at the helm following an investigation into an accounting error at the flagship US business. Retail Week explores the significance of the latest developments
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NewsMulberry cuts losses as turnaround strategy beds in
Mulberry’s half-year report showed the retailer had slashed its losses despite a dip in revenue as it continues its turnaround plan: “Back to The Mulberry Spirit”
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NewsDFS sees order uplift in upbeat start to new financial year
DFS has recorded a “positive start” and a boost to orders across the beginning of its new financial year.
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Opinion‘B&M may not shoot the lights out this Christmas, but next may be more important’
A renewed emphasis on retail detail under new leadership may help B&M in the longer term after a lacklustre start to this year’s golden quarter, says George MacDonald
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NewsThe Works ‘pleased with progress’ despite broadly flat sales
The Works said it was “pleased with the progress” of its new strategy, despite reporting broadly flat sales growth in the first half.