All Financial results articles – Page 199
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News
Drugstore group Walgreens reports sales decline
Drugstore group Walgreens reported that sales declined 3.4% to $17.8bn (£11.4bn) for the third quarter ended May 31.Net earnings fell by 10.8% to $537m (£345m), impacted by the retailer no longer being part of the Express Scripts pharmacy provider network, as well as costs associated with entering into a strategic ...
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NewsMFI’s Favell drafted in at Bathstore
Former MFI chief executive Gary Favell has been hired as the new boss of Bathstore after the big-ticket retailer was bought by investment firm Endless last month.
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OpinionShapland shapes up for Carpetright challenge
After only six weeks in the job, no one was expecting a miracle from new Carpetright chief executive Darren Shapland in this week’s annual results – in fact the market was braced for bad news following a succession of profit warnings.
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NewsHomebase: Evolution of the shed format
Poor weather hit sales but the retailer continues to focus on store formats and big-ticket items.
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AnalysisKesa rebrands following lacklustre financial results
Kesa Electricals has revealed a business restructure and a new focus on multichannel retailing across its European network.
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OpinionDixons in good position for growth
Dixons’ full-year profits were down year on year but nevertheless came in at the top of expectations – which means the electricals retailer looks to be in a good position for growth.
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NewsDebenhams sales rise but margins hit
Department store group Debenhams has posted strong sales growth after making the most of red-letter periods such as Easter and the Queen’s Diamond Jubilee but gross margin was affected by a shift in the sales mix because of wet weather.
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NewsCarpetright profits slump as low consumer confidence hits trade
Carpetright’s UK underlying operating profit slumped from £17.8m to £2.8m last year as weak consumer confidence undermined performance.
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AnalysisOverseas growth: Why the VISTA countries are worth considering
Retailers eyeing overseas growth often look at the BRIC markets, but VISTA countries – Vietnam, Indonesia, South Africa, Thailand and Argentina – are worth considering.
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News
Inditex reports net profit increase
Clothing giant Inditex reported a 30% rise in net profit to E432m (£374.7m) for its first quarter, on revenues up 15.4% to E3.4bn (£2.95bn).The retailer posted its highest-ever gross margin, which rose by 140 basis points to 60.2%.During the quarter Inditex opened 91 new stores in 26 countries. The retailer ...
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NewsWestfield Stratford retailers fear Olympic car park closure impact
Retailers at Westfield Stratford City have vented their frustration about the closure of the car park at the giant shopping centre, which is understood to have resulted in a plunge in footfall.
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NewsDisney Store: Transforming UK trading
The children’s retailer aims to sprinkle some fairy dust on its UK fortunes.
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NewsDisney Store losses widen as it invests
Disney Store losses widened in the year to October 1, 2011 as it invested in the launch of its websites in France and Germany.
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NewsIceland’s Walker posts record results
Frozen food retailer benefits as consumers change grocery spending habits.
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NewsDixons sets out new strategic priorities as profits rise
Electricals group Dixons is moving into a new strategic phase and has posted full-year profits at the top end of expectations.
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NewsMajestic Wine hires new commercial boss
Majestic Wine has appointed a new commercial director as it continues to defy market conditions to record sales increases.
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OpinionBoost for Argos as it stems decline
So used has the City become to dismal trading at Home Retail’s flagship Argos business that any sign of respite prompts jubilation.
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OpinionSainsbury’s wins the battle but war goes on
Tesco and Sainsbury’s reporting of quarterly results within days of each other adds to the image of two heavyweights going head to head in the arena.
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AnalysisMulberry: What the analysts say
Despite a slowdown in sales growth in recent weeks, the future is still bright for Mulberry according to retail’s analyst community.
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NewsIn-store experience becomes major focus for grocers
Focus shifts from space race to refurbishments in market share showdown.