All Financial results articles – Page 85
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NewsB&Q sales decline in ‘disappointing’ third quarter
B&Q parent company Kingfisher has registered falling sales as new boss Thierry Garnier says the group’s performance has been hampered by “organisational complexity”.
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AnalysisAnalysis: Has AO.com short circuited in Europe?
As AO.com revealed its plans to close its business in the Netherlands following disappointing half-year results in Europe, Retail Week speaks to chief executive John Roberts about how he plans to fix the “mistakes” made in Europe to get the business back on track.
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NewsShopping in-store more sustainable than online, claims Primark owner
The owner of Primark has defended its fast-fashion offering and said shopping in-store is more environmentally friendly and sustainable than online delivery.
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NewsThe Body Shop profits and sales rise bolstered by strong UK performance
The Body Shop has recorded an uplift in its third-quarter sales as parent company Natura&Co’s acquisition of Avon won shareholder approval.
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NewsAsda sales drop as Walmart blames Brexit effect
Asda has posted a slight drop in like-for-like sales, which it has blamed on the ongoing political concerns over Brexit and consumer confidence.
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NewsCard Factory posts sales rise helped by store openings
Card Factory has recorded a 5% rise in group sales in the year to date and expects profits to meet expectations.
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NewsGlobal Fashion Group losses continue to narrow as sales rise
Global Fashion Group (GFG) posted an increase in sales during a “strong” third quarter.
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NewsBritish Land retail property portfolio haemorrhages tenth of value
British Land is the latest institutional landlord to suffer as the high street malaise reduced its retail property portfolio values by a tenth.
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NewsMulberry losses widen as ‘challenging’ UK market hits sales
Mulberry has posted widening losses at the interim mark as it seeks to increase focus on its international portfolio to offset sluggish UK sales.
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OpinionOpinion: Should B&M say auf wiedersehen to Germany?
The usually infallible B&M posted a subdued set of interim results this morning.
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NewsLandsec trumpets new developments despite retail woes
Landsec is pushing ahead with 1 million sq ft of new London property developments as it seeks to offset falling portfolio values bought on by the troubles in the retail sector.
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NewsB&M reviews German business as profits tumble
B&M’s profits spiralled as the German arm of the business was “impacted by trading and operational issues”.
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NewsNew Look losses narrow despite falling sales
New Look posted narrowed losses during its half-year results following an “incredibly busy” year.
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NewsGreggs profit expectations heat up as sales soar
Greggs’ profit expectations have been upgraded as total group and managed shops like-for-like sales soared.
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AnalysisAnalysis: Could election clarity realise Sainsbury’s hopes for a retail rebound?
Following Sainsbury’s somewhat disappointing interim update this morning, chief executive Mike Coupe said the prospect of clarity from the Christmas general election could bring respite for the retail sector in the New Year.
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NewsSuperdry blames sales fall on ‘legacy issues’
Superdry has reported slumps in group sales and across all its channels, which it says “reflects an expected year of reset” and legacy issues across the business.
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NewsThe Works warns on profits as like-for-like sales suffer
The Works has issued a profit warning in its half-year trading update, as it says a “challenging consumer backdrop” and strong comparables hit its like-for-like sales.
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AnalysisAnalysis: Primark confronts sustainability concerns that hit German sales
In its 50th year of trading and following a strong set of full-year results, Primark has won more clothing market share even with bumps in the road – particularly in Germany.
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NewsHalfords profits and revenue fall as big-ticket sales stall
Halfords has recorded a decline in interim sales and profits as the business snapped up independent garage chain McConechy’s Tyre Service in a bid to bolster its autocentres division.
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NewsSainsbury’s half-year profits slide as sales fall in ‘competitive’ market
Sainsbury’s has recorded a fall in profits at the half-year mark as one-off property costs hit the grocer’s bottom line.