Latest finance news – Page 9
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Marks Electrical reduces profit guidance despite sales rise
Marks Electrical has reduced its profit guidance despite growth in revenue and market share as “consumers remain highly price-conscious” in a challenging trading environment.
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ProCook wary of Red Sea impact as Christmas trading breaks even
While ProCook said Christmas trading was in line with expectations, it remains wary of the macroeconomic environment and the impact of ongoing geopolitical supply chain issues.
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Greggs sales soar driven by digital channels and extended trading hours
Greggs reported a surge in sales helped by the growing popularity of the brand and ”greater availability through digital channels and extended trading hours.”
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Sainsbury’s sales rise as grocery volumes grow
Sainsbury’s grocery volumes increase for the fourth consecutive Christmas reflecting “great value and service” and a “positive customer response” to the grocer’s first-ever Nectar Price Christmas.
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Shoe Zone profits rise following strong key period trading
Shoe Zone has posted a rise in full-year profits after ”strong and consistent results throughout the key trading periods.”
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B&M sales rise on back of strong general merchandise volume
Value group B&M has reported an increase in sales over the third quarter.
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Pandora hails ‘strong end’ to 2023 as trading beats expectations
Jewellery retailer Pandora has posted a “strong end to 2023” as sales during the golden quarter exceeded expectations and growth for the full year landed above guidance.
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Majestic raises glass to ‘best-ever Christmas’
The UK’s largest specialist wine retailer, Majestic, has toasted its “best-ever Christmas” performance, with sales jumping by 8.1% over the period.
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Exclusive: Bodycare sales rise as it eyes southern expansion
Bodycare has reported a rise in sales over the golden quarter driven by increasing margins and in-store sales as it looks to expand to the south of the UK.
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Exclusive: Ann Summers secures £8m funding
Ann Summers has secured £8m in fresh funding in a bid to boost its omnichannel offering and drive growth, Retail Week can reveal.
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Asda and union reach agreement for c-store and restaurant staff
Asda and retail trade union Usdaw have signed an agreement for Usdaw to “recruit and represent” hourly paid staff working in former EG Group convenience stores and restaurants recently acquired by Asda.
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Boots delivers biggest ever Black Friday sales
Boots has reported strong sales and an 11th consecutive quarter of market share growth after delivering its biggest-ever Black Friday to date.
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Topps Tiles sales slip due to ‘ongoing challenges’
Topps Tiles has posted a dip in sales in its first quarter due to “ongoing challenges to discretionary consumer spending” as the cost-of-living crisis continues to take its toll.
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JD Sports issues profit warning after ‘soft’ peak trading
JD Sports has lowered its full-year profit guidance after revenue growth was hit by “milder weather”, “cautious” consumer spending and a peak trading season “softer” than anticipated.
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Next ups profit guidance again as sales soar
Next has upped its full-year profit guidance for the fifth time in eight months following “better than anticipated” full-price sales during November and December.
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Mamas & Papas on track for record year
Mamas & Papas is on course for a record financial year after a bumper Black Friday provided a golden quarter sales boost.
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Supermarkets enjoy busiest Christmas since 2019
UK supermarkets experienced their busiest Christmas trading period since 2019, as a record £13.7bn of sales went through the tills.
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Outlet Shopping at the O2 posts ‘record-breaking’ year
Outlet Shopping and the Entertainment District at the O2 has posted a “record-breaking” year of trade in 2023 after welcoming 8.9 million visitors to the destination.
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Retail pop-up specialist Sook ceases trading
Retail pop-up specialist Sook has closed all its stores after failing to find sufficient funding.
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Cotswold Company sales climb as consumers reject 'throwaway furniture'
The Cotswold Company grew orders 13% over the golden quarter as shoppers refreshed their homes for guests at Christmas.