All Financial results articles – Page 186
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News
General merchandise retailer SOK reports net sales increase
General merchandise retailer SOK has reported net sales of e12bn (£10.34bn) for the 2012 financial year, up 5% compared with 2011. Supermarket sales rose 7.3% year on year, but sales in department stores and the automotive trade fell 3.3% and 8% respectively.Retail sales in Finland’s neighbouring countries totalled e466.3m (£401.8m), ...
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News
H&M reports sales increase
H&M’s sales including VAT for the full year 2012 rose 11% in local currencies.Net profit for the full year was up 7% to SEK16.87bn (£1.7bn) compared with SEK15.82bn (£1.59bn) in 2011.H&M opened 304 new stores worldwide in 2012 and will add 325 more this year, with the fastest rate of ...
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News
Apple loses market value after weak Christmas
Apple lost more than $50bn (£31.8bn) of its market value last week after shares slumped 12% because of weaker-than-expected iPhone sales at Christmas, reinforcing fears that the retailer and technology giant is losing its dominance in smartphones.Apple posted first-quarter group revenue of $54.5bn (£34.66bn), compared with $46.3bn (£29.44bn) in the ...
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AnalysisInternational analysis: Russia’s Magnit on course to overtake grocery rival
Russian grocery retailer Magnit has doubled its profit to $807m (£513.2m) in comparison with 2011. The food retailer reported an impressive net profit margin of 5.57%.
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AnalysisAnalysis: What will the music stores of the future look like?
When HMV fell into administration, the future of record stores on many British high streets was thrown into question. How can retailers adapt to today’s entertainment consumers?
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OpinionComment: Tesco growth shows turnaround is on track
Tesco group chief executive Philip Clarke will not view the latest grocery market share figures as evidence that efforts to turn the UK business around are complete.
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NewsOak Furniture Land reports record sales and profits
Oak Furniture Land has reported a record year as profits shot up from £3.9m to £9.2m while sales more than doubled last year.
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OpinionComment: Debenhams’ fresh strategies impress city analysts
Department store Debenhams has been a bit out of favour since Christmas, when chief executive Michael Sharp’s comments on margin spooked some analysts.
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OpinionComment: UK retailers sense stability in consumer sentiment
The positive results last week from retailers including Asos, Dixons and Home Retail Group demonstrate the dangers of viewing UK retail as a single, endangered entity.
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OpinionComment: Welcome back to a top retail role, Sir Stuart Rose
It’s good to see Sir Stuart Rose back in retail’s public company world as chairman of online grocer Ocado.
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News
Metro reports net sales rise
Metro reported a 1.2% rise in net sales to e66.7bn (£56bn) for the full year to December 31, 2012. Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3%. EBIT fell to e2bn (£1.68bn) from e2.4bn (£2.01bn) in 2011.Sales at Metro Cash & Carry rose by ...
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NewsFortnum & Mason records profit slump after IT investment
Upmarket food department store Fortnum & Mason has reported a fall in annual profits as it was hit by IT problems in the run up to Christmas 2011.
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NewsFindel Group posts 10.2% sales increase in third quarter
Home shopping specialist Findel has posted a 10.2% increase in third quarter sales while group revenues are up 8.9% year on year in the calendar year to date.
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News
Ahold records net sales increase
Ahold recorded an 8.5% increase in net sales to E32.8bn (£27.51bn) for its full year 2012. At constant exchange rates, sales were up 3.5%.In the fourth quarter, net sales rose 7.5% to E7.8bn (£6.54bn), and US sales advanced 4.3% to $6.1bn (£3.84bn). Sales in the company’s domestic market climbed 7.7% ...
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News
Rakuten's Canadian Kobo ereader subsidiary exceeds market forecasts
Rakuten’s Canadian Kobo ereader subsidiary said it exceeded market forecasts during the second half of 2012.It sold more than 4 million devices during the six-month period, bringing its total number of registered users to 12 million.The company said ereader sales jumped by almost 150% in December, driven by market entries ...
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News
Casino reports sales growth
Casino has reported sales growth of 22.1% to e41.97bn (£35.25bn) in 2012, corresponding to a 4% organic rise (at constant consolidation and exchange rates).Fourth-quarter sales rose 3.2% to e12.9bn (£10.83bn). There was with an 8.5% rise for Casino’s international operations in Brazil, South America and Asia, compensating for a 2.2% ...
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OpinionComment: How did Harry Selfridge make Selfridges so successful?
How on Earth anyone can say a career in retail is boring is beyond me after the last week or two. It’s been inundated with retail mystery, intrigue and so much more.
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AnalysisInternational analysis: French independents have right model for growth
French independent retailers including E.Leclerc, Intermarché and Système U, have all announced that they will report solid 2012 sales growth in their domestic market.
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News
Best Buy reveals slight revenue decrease
Consumer electronics specialist Best Buy has revealed revenues of $12.8bn (£7.97bn) for the nine weeks ending January 5. That compares with $12.9bn (£8.03bn) for the nine weeks ending December 31, 2011.Turnover was down slightly because of a comparable stores sales fall of 1.4%.The performance was seen as encouraging for Best ...
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News'Phenomenal' tablet demand drives Christmas sales surge at Dixons
Electricals retailer Dixons reported strong Christmas trading as UK like-for-likes rose 8%, driven by “phenomenal” sales of tablets and the collapse of rival Comet.