All Financial results articles – Page 55
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AnalysisData: JD Sports vs Frasers Group – two sports retail titans square up
The rivalry between JD Sports and Frasers Group – formerly Sports Direct – is one of the longest-running in UK retail. Now with fresh blood at the helm of both empires and expansion plans on the horizon, which is best placed to take the lead?
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NewsIceland expects profit hit as higher energy costs bite
Iceland anticipates a hit to earnings this financial year as the soaring cost of energy takes a toll but said it is well positioned to weather tough trading conditions
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NewsAsda hails impact of price investments despite slide in sales
Asda has suffered a slide in sales during its second quarter but insisted its investments in price are driving positive momentum heading towards the crucial festive period
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AnalysisIt ain’t what you do, it’s the way that you do it – expectations of a modern retail leader
The role of the modern retail chief executive is changing – fast – and it is contributing to a shift at the top of leading companies, in some cases prompting the departure of leaders whose commercial prowess and acumen could barely be faulted.
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NewsJoules issues profit warning as hot weather scorches sales
Joules has issued a profit warning for its full year after unseasonably hot weather hit full-price sales.
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InterviewAnalysis: John Roberts on putting spark back into AO, price pledges and third-party deals
AO boss John Roberts tells Retail Week how he plans to turn the business around with a new streamlined, profit-centric strategy
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NewsAO swings into the red as sales fall and it braces for further ‘volatility’
AO has reported a full-year loss in its delayed results as boss John Roberts says the etailer fights “through one of the most challenging operating environments we’ve weathered as a company”.
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NewsWatches of Switzerland sales surge as luxury demand ‘remains robust’
Watches of Switzerland has posted a spike in sales and unveiled plans for a new London flagship as demand for its luxury products “remains robust”.
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NewsMarks Electrical bucks ‘challenging market’ trend to grow revenues
Pureplay retailer Marks Electrical has reported “strong trading” in the first four months of the year, bucking the weakening trend in the electricals market.
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Opinion‘In this environment it’s not just profitability that’s at stake, but survival’
Retailers should take encouragement from how they have transformed themselves in recent years as they adopt tactics to confront today’s difficult environment, says Alvarez & Marsal’s European head of retail and consumer practice Erin Brookes
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NewsPets at Home sales rise driven by loyalty scheme and subscriptions
Pets at Home has posted an uplift in sales as it continues to attract new customers to its loyalty and subscription propositions.
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NewsScS bumps up profit expectations as like-for-like orders grow
Furniture giant ScS has announced that full-year profits will be ahead of expectation as like-for-like orders grew during the period.
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NewsJust Eat narrows losses but order numbers fall as lockdown boom unwinds
Online food delivery marketplace Just Eat has narrowed losses despite a sharp drop in order numbers as the world exited the pandemic.
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NewsBeaverbrooks profits and sales surge despite Covid closures
Beaverbrooks has posted surging profits and sales despite the impact of store closures during the coronavirus crisis.
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NewsGreggs names ex-Tesco UK boss Davies chair as profits inch up
Greggs has appointed former Tesco UK boss Matt Davies as its new chair, as it recorded an uptick in profit and sales.
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AnalysisData: As ecommerce sales retreat, has the Covid online boom finished?
With the news in recent weeks that Amazon has swung to a loss and Shopify has sacked one in 10 employees, new data shows that the ecommerce boom seen during the pandemic may finally be coming to an end.
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NewsAmazon posts loss as ecommerce comes under pressure
Amazon has reported a second consecutive quarterly loss, but sales beat expectations despite its online retail business declining.
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NewsMusic Magpie is ‘recession-resistant’, says boss Steve Oliver
Music Magpie founder and chief executive Steve Oliver believes the business is well suited to weather the current economic storm.
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Opinion‘When Amazon and Walmart sneeze, all of retail could catch a cold’
Signs of pressure on two of the world’s leading retailers, US-based giants Amazon and Walmart, will send a shiver down the spines of businesses in the UK
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DataWalmart issues profit warning as costs soar and inflation bites
US retail giant Walmart has warned on profits for the second time this year, as soaring inflation curbed customer spending