All Financial results articles – Page 185
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News
Woolworths reports group sales increase
Food and clothing retailer Woolworths said group sales increased 18% to R16.7bn (£1.21bn) in its first half to December 23, 2012.The retailer also said that operating profit was up 20.6% to R1.7bn (£123.6m). Profit before tax increased 21% to R1.8bn (£130.9m).
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News
Grocery retailer Spar posts rise in total group sales
Grocery retailer Spar posted total group sales up 3.5% to E12.58bn (£10.84bn) in its 2012 financial year, from E12.15bn (£10.47bn) in 2011.Domestic sales, excluding sport and leisure retailer Hervis, rose 3.8 % to E5.56bn (£4.79bn).Sales at Aspiag (Austria Spar International AG) in Croatia, Czech Republic, Hungary, Italy and Slovenia, were ...
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News
Sales increase at organic grocer Whole Foods Market
Sales at organic grocer Whole Foods Market in the first quarter were up 14% to $3.9bn (£2.5bn), and like-for-like sales rose 7.2%.EBITDA rose 19% to $337m (£217.8m) and net income advanced 24% to $146m (£94.4m).Co-chief executive officer Walter Robb said that a record 10 stores opened during the quarter, and ...
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OpinionComment: Morrisons’ convenience deal gives the grocer a reason to smile
Morrisons acquisition of 49 former Blockbuster stores for its convenience business should give the grocer a reason to be cheerful.
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NewsMobile phone retailer EE losses widen after store rebrand
Mobile phone retailer EE has reported widening losses after investing in a rebrand of the Orange and T-Mobile store estates last year.
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OpinionComment: New Look can see the value of exploring new horizons
With most UK retailers talking about multichannel at every opportunity, you can bet that terms like ‘e-tail’ and ‘click-and-collect’ will continue to be popular buzzwords in 2013.
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AnalysisInternational analysis: Gap’s focus on product brings back US shoppers
Gap’s US turnaround continues its upward trajectory. Gap reported net sales for the year ending February 2 reached $15.65bn (£9.7bn), compared with $14.55bn (£9bn) for full-year 2011.
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AnalysisAnalysis: The makeover that put SuperGroup back in fashion
Less than a year ago the retailer was a laughing stock in the City after its own ‘Black Friday’. While analysts still have niggles, SuperGroup is very much back on track.
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NewsCompany profile: Footwear retailer Shoe Zone
Footwear retailer Shoe Zone has called an abrupt halt to years of expansion plans by revealing it is to close 90 of its Stead & Simpson stores because of poor trading in December.
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NewsTheo Paphitis mulls opening series of Robert Dyas shopping centre stores
Ryman Group boss Theo Paphitis is considering opening more Robert Dyas stores in shopping centres as he seeks to take advantage of new retail property coming online.
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OpinionComment: Homewares retailer Dunelm reports a successful first half
Homewares specialist Dunelm has shown itself to be a dab hand at convincing consumers to spruce up their houses, despite tough times, by unveiling a first-half profit growth.
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News
Zara's Inditex Trent posts first half profits
Zara’s Indian business, Inditex Trent, has posted profit in two of the three years it has been in the market. In the first half of 2012, Inditex in India made profits of INR383m (£4.5m) and INR225m (£2.66m) for the previous two financial years, documents filed with the registrar of companies ...
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NewsCotswold Outdoor reports 14% increase in sales as it hits £100m mark
Cotswold Outdoor has reported a 14% increase in sales last year compared to 2011 and hit a milestone of £100m in turnover on Christmas Eve as shoppers purchased winter wares.
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AnalysisInternational anaylsis: Woolworths and Coles’ strategies go head to head
Australia’s food retail industry is developed and highly concentrated, and Woolworths and Coles combined hold an estimated 60% of the market, making the market share fight intense.
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OpinionComment: Department store John Lewis continues to set the pace in retail
While the latest BRC figures continue to point to a volatile and frustratingly slow recovery - like-for-like retail sales increased 1.9% year on year in January.
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NewsCompany profile: Dunelm Mill
Value homewares retailer Dunelm Mill has carried strong momentum into 2013 after a blockbuster 2012, which echoed the Olympian efforts taking place in east London.
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News
Revenue increase for LVMH’s Selective Retailing division
Revenue at LVMH’s Selective Retailing division, which includes beauty specialist Sephora, rose 22%, or 14% on a comparable basis, to e7.9bn (£6.8bn) in 2012. Profit from recurring operations increased 19% to e854m (£735.9m).The group said it continued to achieve “an excellent level of performance” and made market share gains across ...
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NewsLike-for-like sales rocket at fashion specialist SuperGroup
SuperGroup, owner of the Superdry brand, generated a retail like-for-like sales rise of 10.6% in its third quarter, as shoppers snapped up products such as jackets and knitwear.
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OpinionComment: Angela Spindler is a welcome addition at N Brown
Angela Spindler was a surprise, but welcome, choice to become new chief executive of home shopping group
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AnalysisThe Irish retail market: What retailers need to know
Problems at the Irish arm of B&Q highlight the fragile state of the market. Retail Week examines how retailers in Ireland are faring.