All Financial results articles – Page 196
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OpinionComment: Opportunity knocks at SuperGroup
Just as SuperGroup looked to be getting a stable management in place, the fashion retailer has suffered the sudden loss of its co-founder and chief executive for wholesale and international.
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News
Net sales increase for Pantaloon Retail
Future Group-owned Pantaloon Retail’s full-year net sales for the core retail business rose by 7% to INR117.9bn (£1.36bn), compared with INR110.1bn (£1.27bn) last year. Net profit grew to INR2.85bn (£33m) compared with INR766.7m (£8.81m).The retailer added 2.37 million sq ft in the year, taking its total retail space to 16.71 ...
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News
Sales fall at department store group JCPenney
Department store group JCPenney’s sales fell 22.6% to $3.02bn (£1.92bn) for the second quarter ended July 28. Like-for-like sales were down 21.7%. Online sales were $220m (£140m) in the period, a fall of 32.6%. The retailer said the results included the effects of its exit from its outlet business and ...
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NewsAnalysis: Majestic Wine prospers in the economic downturn
The specialist wine retailer Majestic Wine is thriving despite the depressed economy.
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OpinionComment: July BRC figures show signs of life
The July sales figures reported by the BRC hardly represented a ‘wish you were here’ postcard from the industry, but behind the monthly figures there were reasons for optimism.
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OpinionComment: Next shows the way with multichannel model
Raising profit forecasts is pretty rare in retail at the moment but that’s what fashion group Next did on Wednesday when it unveiled first-half sales.
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News
Amazon records increase in sales
Amazon recorded a 29% increase in sales to $12.83bn (£8.17bn) in its second quarter ended June 30. That was slightly below Wall Street expectations and compared with a record 51% growth for the corresponding quarter last year.Operating profit declined to $107m (£68.1m) from $201m (£128m). Revenue at the company’s North ...
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News
Apple posts net sales growth
Apple posted net sales of $35bn (£22.29bn) for its third quarter ended June 30, up from $28.6bn (£18.21bn) in 2011.Net profit rose from $7.3bn (£4.64bn) last year to $8.8bn (£5.6bn).International sales accounted for 62% of the quarter’s revenue. Apple sold 26 million iPhones, representing 28% unit growth, while 17 million ...
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NewsUpmarket frozen food retailer Cook launches online delivery
Premium frozen food retailer Cook is trialling an online delivery service as it looks to expand its multichannel operations.
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.
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AnalysisInternational analysis: Casino’s gamble in Latin America pays dividends
France-based Casino’s strategic decision to invest in a handful of fast-growing markets has once again paid off.
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NewsAnalysis: Fortnum & Mason focus on growth
The appointment of a new chief executive should boost the retailer’s online and overseas targets.
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AnalysisAnalysis: JJB Sports in battle to avoid relegation
The sportswear retailer is in a parlous state with sales in decline, and it is in need of further refinancing.
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NewsNext powers ahead in online fulfilment war
Next’s compelling delivery options powered growth at its Directory arm in the first half, as fulfilment increasingly becomes a critical battleground in the fight for online spend.
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OpinionComment: Reducing store portfolio may challenge retailers
Many retailers have recognised the power of ecommerce to drive sales and offer a compelling and convenient way for their customers to shop.
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News
Coles releases full-year results
Coles released its full-year results for the 12 months ended June 30. Headline food and liquor sales of Aus$26.2bn (£17.51bn) were 4.6% above 2011, while like-for-like sales increased 3.7%.That was a better performance than rival Woolworths, which posted a full-year Australian food and liquor sales increase of 3.8%.
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News
LVMH’s Selective Retailing division reports organic sales growth
Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.The group will open three concessions at Hong Kong airport by ...
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AnalysisNext: What the analysts say
Retail Week rounds up how analysts have reacted to Next’s strong growth in the first half of the year, with the fashion retailer reporting total sales up 4.5% for the six months to July 28.
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NewsNext raises profit target after strong online growth
Next has raised its profits forecast for its second half after strong growth in its Directory business in the first half.
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News
Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...