All Financial results articles – Page 182
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NewsTesco profits down 13% and sales up 1.3% as it confirms US exit
Tesco reported group trading profit down 13% to £3.5bn in its full year to February 23 as chief executive Philip Clarke confirms its US exit.
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AnalysisWHSmith’s acquisition of Past Times: What do retailers need to know?
WHSmith’s diversification continues with the acquisition of the Past Times brand. Will it be a good fit and what are the wider plans?
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OpinionComment: Tough decisions will set Tesco on the right track
Tesco may have reported a fall in full-year profits this week, but chief executive Philip Clarke should be commended for taking the bold steps needed to set the grocer on the path to growth.
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NewsBolland: 'Trust in M&S brand boosted food sales'
Marks & Spencer’s strong fourth-quarter food performance was not a side-effect of the horse meat row that hit other retailers, chief executive Marc Bolland has maintained.
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AnalysisInternational analysis: Uniqlo has work to do to meet ambitious targets
Fast Retailing’s president and chairman Tadashi Yanai has topped US magazine Forbes’ 2013 list of the 50 wealthiest people in Japan.
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OpinionComment: Tesco targets Extra appeal
Ahead of Tesco’s prelims next Wednesday there has been much speculation about the future of the Fresh & Easy business in the US.
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NewsTesco etail sales surge as it vies for online dominance
Tesco’s online grocery sales are expected to have hit £2.5bn in its last financial year as the retailer pushes forward in its quest to become a global dotcom business.
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NewsSir Terry Leahy-backed tyre etailer’s eyes European deal as sales soar
Online tyre retailer Blackcircles.com, which is backed by former Tesco chief executive Sir Terry Leahy and operates Tesco Tyres, is in talks to buy or partner with rival European firms as it looks to expand its relationshp with the grocer.
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NewsMonsoon Accessorize in the red after ‘most difficult year ever’
Monsoon Accessorize plunged into the red last year after suffering what founder Peter Simon described as the “most difficult” period in its 40-year history.
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NewsChocolatiers and convenience stores win over Easter period
Food retailers enjoyed a strong Easter as shoppers flocked to chocolatiers and convenience grocery stores.
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OpinionComment: Cold conditions could take a toll on M&S clothing
M&S posts fourth-quarter figures next Thursday. The retailer will hope things go more smoothly than the last update in January.
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News
Multichannel retailer Otto Group reveals preliminary figures
Multichannel retailer Otto Group has revealed preliminary figures for the year to February 28.Consolidated revenues rose 1.7% to E11.8bn (£9.94bn).The group’s multichannel retail earnings rose 0.4% to E10.07bn (£8.48bn). Ecommerce revenues increased 7% to E5.7bn (£4.8bn), representing 57% of total retail turnover.In Germany, online sales were E3.7bn (£3.12bn).Chairman of the ...
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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OpinionComment: Peter Marks leaves a mixed legacy at the Co-operative
The claim by Co-op chief Peter Marks that he will be leaving the business in “great shape” may raise a few eyebrows.
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News
Stong performance for homewares retailer Williams-Sonoma
Homewares retailer Williams-Sonoma’s net revenues increased 8.7% to $4.04bn (£2.66bn) in the year ended February 3. Performance was driven by a 14.5% increase in direct-to-customer revenues and like-for-like growth of 6.1%.Net earnings rose 8.4% to $256.7m (£168.9m).
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News
Sales rise at off-price retailer Ross Stores
Off-price retailer Ross Stores’ sales in the fourth quarter ended February 2 rose 15% to $2.76bn (£1.81bn) and like-for-likes advanced 5%. Net earnings rocketed 23% to $236.6m (£155.7m).For the full year, sales increased 13% to $9.72bn (£6.39bn) with like-for-likes climbing 6%, while net earnings soared 20% to $786.8m (£517.8m). Michael ...
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AnalysisInternational analysis: Auchan on course to become €100bn retailer
Auchan’s sales jumped 5.8% to E46.9bn (£39.9bn) in the year ended December 31, fuelled by expansion and like-for-like performance.
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OpinionComment: Multichannel success for fashion and homeware retailer Next
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.
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News
Metro Group reports decline in net profit
Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by ...
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News
Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...