All Financial results articles – Page 192
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News
Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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News
Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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OpinionComment: Encouraging trends reported at N Brown
Andy Higginson will have been pretty pleased with his first set of figures as chairman of home shopping group N Brown.
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News
Fast Retailing reports net income increase
Fast Retailing posted a 31.8% increase in net income for the year ended August 31.The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn ...
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NewsRetailers hope for record Halloween sales
Retailers are hoping for another record Halloween following last year’s £300m sales bonanza.
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News
X5 Retail Group reports net retail sales increase
X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter.The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions.X5’s like-for-like sales in quarter three declined by 0.7%, driven by ...
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NewsRicher Sounds fortunes improve as profits rise
Richer Sounds has turned around its fortunes to report an increase in full-year profits.
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NewsN Brown optimistic about revenue growth despite profit fall
N Brown is positive about revenue growth driven by brands and online sales despite pre-tax profit slipping in the first half.
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NewsLike-for-likes inch up at Carpetright
Carpet and floor coverings specialist Carpetright’s like-for-likes edged up 0.6% in its second quarter.
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NewsThe Original Factory Shop posts 30% profit rise in first half
Value department store chain The Original Factory Shop has posted a 30% rise in pre-tax profit in its first half.
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NewsLike-for-likes slip at Wickes
Travis Perkins’ retail division, which largely comprises Wickes, posted a 7% slump in like-for-likes for the third quarter to September 30 as trade was disrupted by the Olympics and wet weather.
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NewsZara's UK profits soar
Fashion chain Zara’s UK pre-tax profits soared 22% to £19.3m in its year to January 31 as it prepares to open its UK flagship store.
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NewsPhones 4U defies economy as profits rise
Mobile phones retailer Phones 4U has recorded an uplift in profits despite tough consumer conditions last year.
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NewsProfits climb at Abel & Cole as sale speculation mounts
Home delivery grocer Abel & Cole’s profits rocketed in the year to August 12 and a sale is thought likely.
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OpinionComment: Tesco UK recovery likely to accelerate
Tesco boss Philip Clarke will not have thanked the way the financial stars aligned this week to bring Tesco and Sainsbury’s results on the same day, albeit for different reporting periods.
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AnalysisInternational analysis: Why Esprit and H&M fail to match Inditex’s growth
It has been a mixed couple of weeks for some of the leading global fashion chains. Inditex continued its stellar performance with half-year profits jumping by almost a third as it sustained growth in sluggish economies in both Western Europe and emerging markets.
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News‘New chapter’ for Tesco pledges bullish Philip Clarke
Tesco group chief executive Philip Clarke aims to rewrite Sir Terry Leahy’s retail book as he opens a “new chapter” in the grocer’s story.
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OpinionComment: Competition in sports retail
Mike Ashley’s Sports Direct was the market leader in its category last week and remains so this week following the drawn-out demise of JJB Sports.
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NewsBargain Booze posts profit fall despite sales uplift
Bargain Booze has posted a decline in pre-tax profits despite an increase in full-year sales.
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NewsClaire's Accessories sales slump
Claire’s Accessories UK sales fell 7.2% to £128.5m in the year to January 28, down from £138.5m the previous year, as the economic downturn reduced demand for its “discretionary” products.