All Financial results articles – Page 183
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News
Group sales increase for DIY retailer Hornbach
DIY retailer Hornbach’s group sales increased 0.8% to E3.23bn (£2.75bn) in the year ended February 28.The Hornbach-Baumarkt fascia achieved growth of 0.6% to E3bn (£2.5bn) year on year. Consolidated like-for-like sales dropped 1.4% from the previous year’s level of 2.8%.
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.
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AnalysisAnalysis: Is etailer Ocado the answer to Morrisons’ prayers?
Morrisons is the laggard of the big four grocers. Can a tie-up with etailer Ocado give it a much-needed fillip?
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News
Grocer Rewe Group records sales climb
The country’s second largest grocer Rewe Group’s sales climbed 2.7% to E49.7bn (£42.55bn) in its 2012 financial year.Turnover rose 2.4% in its domestic market and 3.6% abroad. The group’s store base shrank 1% to 15,538, mainly due to adjustments of the network, particularly for chains Penny in Germany and Billa ...
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AnalysisTesco’s acquisition of Giraffe: What do retailers need to know?
Last week Tesco snapped up restaurant chain Giraffe. So what are its plans for the group, and are more acquisitions on the cards?
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News
Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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News
Discount banner Rema 1000 reports sales growth
Discount banner Rema 1000 grew sales by 19.5% in Norway and Denmark during 2012.The business boosted owner Reitangruppen’s net sales by 12.4% to NOK71.7bn (£8.18bn) for 2012. EBITDA increased by 19.8% to NOK2.17bn (£247.6m).Revenue growth was also lifted by Reitan’s acquisition of more than 1,000 kiosks in Finland and the ...
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News
Adeo claims 2012 results make it European DIY leader
Adeo has claimed its 2012 results now make it the European DIY leader, ahead of UK-based Kingfisher, which announces its 2012 results later this month.The owner of the Leroy Merlin banner reported that sales rose 8.3% to E14.9bn (£12.76bn) for the year, driven by a 3.4% rise in like-for-like sales. ...
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NewsDiscounter B&M Bargains' profits rocket 43% after strong year
B&M Bargains recorded a 43% surge in profits last year as pressure on disposable income drew more shoppers to the value chain.
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AnalysisOracle Retail Week Awards: Fashion giant Zara powers ahead globally
Zara’s success story is phenomenal - its global reach, supply chain and product are the envy of many rival retailers. Nick Hughes explains why it won Wipro Technologies International Retailer of the Year.
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AnalysisOracle Retail Week Awards: Value supermarket retailer Aldi scales new heights
Aldi has gained ground rapidly in recent years and consumers are flocking to its stores. Nick Hughes explains how it won The Zolfo Cooper Growth Retailer of the Year award.
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AnalysisInternational analysis: Is Carrefour’s strategic plan equal to the market?
Despite challenges in formats and geography, Carrefour’s 2012 results were above expectations and saw its first rise in domestic profit.
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AnalysisOracle Retail Week Awards: Asos’ appeal makes it a global star
Fashion specialist Asos is named the 2013 PayLater Pure-Play Etailer of the Year following a storming performance in 2012.
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AnalysisOracle Retail Week Awards: How John Lewis led the way and outperformed its rivals
John Lewis won both Oracle Retailer of the Year and Brandbank Multichannel Retailer of the Year. Managing director Andy Street talks about its success.
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AnalysisOracle Retail Week Awards: Hotel Chocolat reaps rewards for innovation and branding
Hotel Chocolat is the Speciality Retailer of the Year. Rebecca Thomson outlines how it caught the judges’ eyes.
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InterviewQ&A: Poundland chief executive Jim McCarthy
Poundland chief executive Jim McCarthy speaks to Retail Week about the retailer’s performance and growth prospects.
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News
Gross sales rise at grocer Mercadona
Mercadona’s gross sales rose 7% to E17.8bn (£15.55bn) in 2012. Net income also increased 7% to E508m (£443.7m).The grocer invested E650m (£567.7m) to open 60 stores and hired 4,000 employees during the year, giving it a total staff count of 74,000.Mercadona is reportedly postponing global expansion.
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AnalysisOracle Retail Week Awards: Sir Philip Green – taking retail to new levels
Sir Philip Green, winner of this year’s Outstanding Contribution to Retail award, talks about building his empire, US success and doing his bit for the industry.
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OpinionNick Bubb's Verdict: Is Morrisons getting the balance right?
Has Morrisons chief executive Dalton Philips struck the right balance between short-term tactical moves and long-term strategic investments?
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News
Delhaize Group's operating profit plummets
Delhaize Group’s operating profit plummeted 52% to E390m (£340.6m) in 2012. EBITDA fell 14.5% to E1.3m (£1.1m), mainly because of a store portfolio optimisation charge during the first quarter.Aside from the optimisation, the group said selling, general and administrative costs amounted for 21% of revenues.