All Financial results articles – Page 55
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NewsReiss eyes recovery after swinging to loss amid pandemic
Reiss has said it expects to “return to profit” in its current financial year after falling into the red during 2020.
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AnalysisFalse dawn or fresh start: Has John Lewis really got its mojo back?
While the consensus was that John Lewis’ first half would be an improvement from last year, the retailer has hugely exceeded expectations. Is this the start of a new day for the embattled department store chain, or a papering over of the cracks?
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NewsWickes reveals strong profit rise in first results since demerger
Wickes has registered stellar profits and sales in the first report since it demerged from Travis Perkins.
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NewsJohn Lewis losses narrow as sales jump and cost-saving measures take effect
John Lewis has reported a significant narrowing in losses after tax in the first half of the year, with revenues jumping and cost savings from its extensive restructuring beginning to take effect.
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NewsSuperdry losses narrow as it makes sustainability gains
Superdry recorded a smaller dip in profits as its sustainability plans begin to bear fruit.
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NewsThe Hut Group profits soar one year after London listing
The Hut Group (THG) has reported growth across all areas of the business following its 2020 IPO.
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NewsThe Co-op profits fall as it announces partnership with Amazon
The Co-op has registered a dip in profits as it “invests in its business and colleagues” including a new partnership with Amazon on grocery delivery.
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NewsZara owner Inditex profits and sales hit ‘historic highs’ bolstered by online surge
Zara parent company Inditex has recorded a spike in interim profits and sales driven by record-breaking second-quarter revenues.
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NewsMade.com to launch homewares marketplace as it eyes expansion
Made.com has begun beta testing a marketplace model to bring artisan brands on board.
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NewsMorrisons profits slide as supply chain ‘challenges’ bite
Morrisons has reported a slump in profits at the half-year mark as chair Andrew Higginson said the business had weathered a “variety of continuing challenges”, including supply chain disruption and driver shortages.
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NewsHalfords boss ‘positive on prospects’ as sales rise in key growth categories
Halfords has reported an uptick in sales despite the impacts of supply chain disruption during the current trading period.
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NewsDunelm profits soar driven by digital sales and localisation
Dunelm has recorded a profit rise as it transitioned from physical retailer to “proven digital-first, multichannel” retailer.
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NewsTed Baker revenues recover as full-price sales rebuild following lockdowns
Ted Baker has posted a spike in second-quarter sales as it hailed “trading momentum” following the reopening of its stores in the spring.
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NewsAsda sales drop as new owners unveil c-store expansion plans
Grocery giant Asda has reported a dip in second-quarter sales on the day it unveiled expansion plans for its Asda On the Move forecourt store format.
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NewsWHSmith warns on future profit uncertainty despite high street and travel rebound
WHSmith said it expects the outcome for the year to August 31 to be ahead of expectation after an uptick in high street and travel trading, yet warned ongoing uncertainty could impact profits in future.
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NewsMarks & Spencer profits to beat expectations following strong trading
Marks & Spencer expects full-year earnings to be better than anticipated after strong trading as its transformation plan bore fruit.
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NewsMcColl’s warns of profit headwinds as its seeks to raise capital
McColl’s has said it may struggle to meet management expectations for the full year if availability issues continue into the second half.
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NewsWatches of Switzerland revenues double as demand outpaces supply
Watches of Switzerland has hailed “strong” growth across its UK and US markets during the first quarter of its financial year.
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NewsAdidas increases full-year outlook as pandemic recovery kicks off
Adidas has raised its full-year outlook as revenues in the EMEA and North American markets almost doubled in the brand’s second quarter following a challenging pandemic period.
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NewsMike Ashley to step down as Frasers boss as profits tumble
Retail tycoon Mike Ashley has confirmed his intention to pass the mantle of chief executive to Michael Murray in the next financial year.