Latest finance news – Page 595
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NewsCarpetright set for record UK sales
Floor coverings retailer Carpetright is expected to announce strong interim results on Tuesday following its most recent trading update for the 12 weeks ended October 24, which showed group sales up 10.3%, while like-for-like sales rose 5.6%.
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NewsGame shares battered as like-for-likes crash
Disappointing BRC sales figures for November led to general retail shares underperforming the overall market, although the grocers did better. Like-for-likes were up just 1.8% over the month, hit by mild weather affecting clothing sales and falling food price inflation.
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Specsavers to double stores in New Zealand
Optical retailer Specsavers is to double the number of stores it operates in New Zealand from 30 to 60.
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NewsAdili sales fall below expectations
Ethical etailer Adili said sales have been below expectations since its fundraising in August.
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NewsStrong UK retail sales lift Mulberry
Mulberry posted a 16% hike in sales in the first half of the year, boosted by a strong UK retail performance.
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NewsSales improve for Moss Bros
Formal menswear retailer Moss Bros has said that sales improved in the 18 weeks to December 5, with like-for-like sales up 5.5% for the period.
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NewsHMV considering bid for Mama Group
HMV could make a bid for its live-music partner Mama Group, which is currently the subject of a takeover bid from its largest investor.
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NewsInditex profits ahead of expectations
Profits at Inditex fell 1% in the nine months to October 31 to €831m after a raft of new openings, largely beating forecasts.
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NewsProfits down at Sports Direct despite strong UK retail sales
Pre-tax profits at Sports Direct have been hit by unfavourable exchange rates, falling 40.8% to £57.8m in the 26 weeks to October 25.
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NewsVAT to return to 17.5% in January
Chancellor Alistair Darling has confirmed in his pre-budget report that VAT will return to 17.5% on January 1, 2010.
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NewsPark Group sales up in ‘encouraging’ market
Christmas hamper and corporate gift voucher specialist Park Group has posted interim figures for the six months to 30 September 2009 up 6% on the same period last year and reported orders for Christmas 2010 “well ahead of last year at this stage”.
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NewsGame like-for-likes drop 15.1%
Game’s group like-for-likes slumped 15.1% in the 44 weeks to December 5, but the retailer claimed it had continued to take market share.
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NewsTesco reports solid Q3 UK growth, but lower than some City estimates
Tesco has reported a steady sales growth in the UK in its third quarter, but lower than some analysts had expected.
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Bicycle etailer Wiggle gunning to double sales
Online bikes retailer Wiggle is aiming to double its turnover within the next two to three years and is not ruling out opening shops.
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NewsCarphone’s ‘wireless world’ to grow as it readies for Best Buy
Carphone Warehouse is to expand its number of ‘wireless world’ format stores in the second half and speed up openings in the new financial year.
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NewsJD Sports still prospering despite rival’s resurgence
JD Sports has continued to trade well despite strengthening competition and is confident of its prospects for the rest of its financial year.
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NewsClintons set for Christmas after Halloween bonanza
Analysts are “cautiously optimistic” for Clinton Cards’ crucial Christmas trading period after the greeting cards retailer revealed solid trading in recent weeks.
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NewsAlexon turnaround plan bears fruit
Slowing like-for-like sales declines at Alexon have given analysts cause for optimism for 2010.
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NewsWaterstone’s challenges not over
The collapse of Borders UK won’t have surprised many market watchers. Specialist booksellers have been having a tough time for years – firstly hit by the bargain basement prices offered by the supermarkets, then the rise of online giants such as Amazon. Borders didn’t help itself either, but its collapse ...
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NewsSports Direct ahead in flat week for retail
He might be better known for his experience as a policeman than as a City grandee, but Sports Direct’s appointment of former West Yorkshire chief constable Keith Hellawell as chairman led to it being the biggest riser among the retail stocks last week.