All Financial results articles – Page 66
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NewsAlibaba profits surge as customer numbers jump during lockdown
Alibaba has smashed quarterly profit predictions as online sales surged during lockdown and demand for its cloud computing services soared.
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NewsGlobal Fashion Group breaks even as online shift boosts sales
Global Fashion Group recorded its second quarter of growth this year, as the ecommerce shift in fashion and lifestyle shopping “continues to accelerate”.
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NewsAO.com reports ‘strong’ sales growth ahead of AGM
Pureplay electronics retailers AO.com has reported “strong year-on-year revenue growth” in the UK and Germany ahead of its annual general meeting today.
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NewsFrasers Group blames profit slump on Brexit and coronavirus
Mike Ashley’s Frasers Group reported a slump in profits that it blamed on a prolonged period of Brexit uncertainty followed immediately by the coronavirus crisis.
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NewsFenwick full-year losses widen as pre-pandemic sales slide
Fenwick has suffered widening losses and falling sales in a what is described as an “extremely challenging” year, Retail Week can reveal.
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NewsAsda eyes ecommerce expansion as online sales double
Asda has said it plans to expand its online delivery capacity to 1 million slots a week by next year after seeing online sales double in its second quarter.
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NewsSosandar remains in the red despite soaring sales
Sosandar reported another loss last year despite a jump in sales, with co-chief executives Ali Hall and Julie Lavington “cautiously optimistic” about the brand’s future.
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NewsEtailer Very’s sales surpass £2bn as new customers double in lockdown
The Very Group has registered a jump in fourth quarter sales and says it is on track to return to full-year profitability in what boss Henry Birch describes as “a really fantastic performance”.
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NewsTopps Tiles expects ‘modest’ profit as sales recover
Topps Tiles has said it now expects to turn a “modest” profit this year following a bounce back in retail sales.
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NewsWatches of Switzerland profits rise despite Covid-19 impact
Watches of Switzerland has posted an increase in full-year profits despite the impact of the coronavirus crisis.
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NewsZalando half-year profits rise spurred by new customer surge
Despite a “challenging trading environment”, Zalando has recorded a strong uplift in profits and gross merchandise volume in its first half.
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NewsDomino’s Pizza half-year profits slip despite sales rise
Domino’s Pizza’s profits dropped in the first half, as the takeaway retailer switched to delivery-only amid the coronavirus pandemic.
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NewsUber food delivery overtakes ride sharing during lockdown
Ride-sharing app Uber’s latest set of results show its nascent food delivery business has overtaken its taxi service as people around the world stayed at home during lockdown.
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NewsHammerson seeks to raise £825m as rental income plummets
Hammerson plans to raise £552m through fundraising and sell off £274m of assets, to counteract “the extraordinary disruption caused by Covid-19 on the retail property sector”.
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NewsJoules swings to a loss as coronavirus hammers sales
Joules plunged to a loss before tax in its full-year results, as chief executive Nick Jones cites ”challenging trading conditions” amid the coronavirus pandemic.
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NewsHobbycraft full-year profits jump driven by online sales rise
Hobbycraft recorded an adjusted EBITDA of 21.9% from £12.2m to £14.8m in the full year to February 16.
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AnalysisMarketplace melee: Amazon vs eBay vs Shopify – who won in the pandemic?
Retail Week examines the three big marketplaces’ second-quarter results to understand who traded best over the tumultuous coronavirus lockdown period.
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NewsPets at Home reports ‘resilient’ first quarter as sales dip
Pets at Home has posted a fall in its first-quarter sales, which covered the period of lockdown, as boss Peter Pritchard hailed the business’ “inherent resilience”.
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NewsScS ‘encouraged’ by post-lockdown trading results
ScS has recorded a sharp uptick in its order intake since lockdown regulations began to ease, as it feels the benefits of pent-up consumer demand.
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NewsShopify sales surge to topple rival eBay for first time
Shopify has registered a surge in second-quarter sales as revenues raked in through its websites surpassed those of rival eBay for the first time.