All Financial results articles – Page 69
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AnalysisAnalysis: Has coronavirus called a halt to Aldi’s growth?
The relentless rise of Aldi over recent years has been one of grocery retail’s enduring success stories. The value giant, like rival Lidl, ate into the market share of mainstream grocers as consumers gorged on its low prices and tightly curated range.
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NewsUsing furlough scheme is ‘moral judgement’ for retail, says Pets at Home boss
Pets at Home chief executive Peter Pritchard has said retailers with strong liquidity should think carefully before using the government furlough scheme.
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NewsPets at Home full-year profits rise as sales surpass £1bn
Pets at Home has reported a surge in its full-year profits and sales but warns that coronavirus costs will impact its bottom line in the year ahead.
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NewsMarks & Spencer profits tumble as coronavirus hits bottom line
Marks & Spencer has reported falls in group sales and profit before tax, largely blaming the ongoing coronavirus pandemic for burying green shoots of promise.
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NewsAsda sales jump during lockdown but profits dip
Asda has posted an increase in revenues during the first quarter of parent company Walmart’s financial year, driven by increased grocery sales during the coronavirus crisis.
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NewsTopps Tiles swings to loss in ‘challenging’ market
Topps Tiles has swung to a loss in the first half of its financial year amid what it called a “challenging trading environment”.
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AnalysisAnalysis: How WHSmith is preparing for travel retail to take off again
The world’s travel plans have gone awry during the coronavirus pandemic, depriving WHSmith of shoppers in its travel stores, but boss Carl Cowling is confident he can pilot the retailer to a safe landing.
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NewsCoronavirus: Global Fashion Group sales grow during lockdown as it eyes profitability
Pureplay retailer Global Fashion Group (GFG) has reported an increase in sales in the first quarter and improving margins as it eyes profitability.
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NewsWatches of Switzerland sales rise despite ‘significant’ coronavirus impact
Watches of Switzerland has posted an increase in full-year sales despite its top line being “significantly impacted” by the coronavirus crisis.
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NewsWHSmith sales decimated by coronavirus as first-half profits dip
WHSmith’s sales have been obliterated by the coronavirus as lockdown restrictions decimated its travel division.
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NewsH&M sales plummet between March and May
H&M’s global sales for the second quarter of this year have plummeted amid the ongoing coronavirus pandemic.
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NewsThe Works sales rise as shoppers ‘beat the boredom’ of lockdown
The Works has registered an increase in full-year revenues with a strong online performance during the coronavirus pandemic.
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NewsSuperdry full-year sales slide as it explores financing options
Superdry has reported a slump in full-year sales exacerbated by the outbreak of coronavirus.
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NewsHalfords expects full-year profits at top end of range
Halfords has said it expects full-year profits for this financial year to come in at the top end of the expected range, while noting a downturn in overall group sales for the current trading period.
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NewsAmazon first-quarter profits dip as it warns of $4bn coronavirus costs
Amazon has reported in a decline in first-quarter profits and warned that earnings in its second quarter will be completely wiped out by costs related to coronavirus.
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NewsWilko profits and sales fall in ‘incredibly difficult’ year
Wilko has reported a slide in full-year pre-tax profits and a fall in sales, which it attributed to the “challenging” UK retail environment, Retail Week can reveal.
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NewsSainsbury’s full-year profits dip, coronavirus prompts grocery sales surge
Sainsbury’s has reported a decline in underlying full-year profits as it plans to incur £500m in additional costs due to coronavirus in the coming financial year.
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NewsDixons Carphone hails strength of online channel as it cancels dividend
Dixons Carphone has said its ecommerce channels in the UK and Ireland have recovered around two-thirds of sales lost to store closures as it cancelled its full-year dividend for shareholders.
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NewsNext warns sales fall during coronavirus ‘faster and steeper’ than anticipated
Next has issued a lengthy trading update warning that the fall in sales as a result of the coronavirus has been “faster and steeper” than it anticipated in March.
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NewsCo-op warns of £200m coronavirus costs as profits rise
The Co-op has warned that it faces additional costs of more than £200m associated with the coronavirus crisis as it ramps up efforts to “feed the nation”.