All Financial results articles – Page 201
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News
JC Penney records drop in sales
Department store operator JC Penney recorded a larger-than-expected drop in sales for the first quarter.The retailer, which aims to establish itself as an affordable fashion-orientated business by moving away from promotions and couponing to low prices on most items, also surprised investors by ending its dividend to help fund a ...
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News
Target reveals net earnings increase
Mass merchandiser Target revealed that net earnings for the first quarter of 2012 rose 11.5% to $697m (£441.5m) year on year. Sales increased 6.1% from $15.6bn (£9.88bn) to $16.5bn (£10.45bn) due to a 5.3% rise in like-for-like sales and the contribution from new stores. EBIT was $1.12bn (£709.4m), an uplift ...
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AnalysisIn the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.
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NewsSales soar at The Entertainer as sector rivals close down
Specialist toy retailer The Entertainer posted a surge in sales in its first quarter as it filled the gap left by closed Woolworths, Early Learning Centre and Hawkin’s Bazaar stores.
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AnalysisWalmart prospers in US but stuggles with digital
Recording its third consecutive quarter of positive comps growth, it appears Walmart has finally found momentum in the US by going back to basics Walmart US reported a 2.6% rise in first-quarter like-for-like sales, excluding fuel, last week.
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OpinionM&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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NewsSignet UK sales nudge up
Signet’s UK like-for-like sales edged up for the first quarter of 2012.
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OpinionNick Bubb's verdict: Mothercare - can a new broom sweep clean?
New chief executives of troubled companies always enjoy a brief honeymoon period, when they can enthusiastically set out their “three year turnaround plan” and implicitly rubbish everything their predecessors have done.
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NewsCalver: ''Give me three years to turn around Mothercare"
New Mothercare boss Simon Calver said it will take three years to turn around the troubled maternity specialist’s core UK business, which plunged into the red last year.
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NewsAsda predicts consumers will stick to tight budgets
Asda chiefs believe the consumer mindset has irreversibly changed and the habit of very tight budgeting is here to stay.
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OpinionTesco boss Clarke declines bonus
Tesco boss Philip Clarke set a good example to other company chiefs when he declined to take his bonus in the wake of the Christmas profit warning.
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NewsHoF drives online investment as ecommerce sales grow
House of Fraser is “investing heavily” in online operations and has switched one of its distribution centres to online-only fulfilment as multichannel grows.
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AnalysisMarks & Spencer full-year results: What the analysts say
What the analysts are saying about Marks & Spencer’s full-year results.
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NewsM&S presses button on new phase of store revamps as profits fall
Marks & Spencer has reported a fall in full-year profit but said strategic progress is being made and that remodelled stores are outperforming the rest of its estate.
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NewsAmazon: Investing in its future
The internet powerhouse Amazon is investing to fund its expansion into new categories.
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AnalysisProfile: Zev Weiss, chief executive, American Greetings
The collapse of Clinton Cards has put the boss of Ohio-based supplier American Greetings at the centre of the controversy.
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NewsBoots launches new food range in bid to build market share
Boots is aiming to build food market share with the launch later this year of a range built around evening meals, and may even sell wine.
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OpinionBoots’ success lies in keeping up with change
Alliance Boots’ double-digit growth in sales and trading profit is an achievement chairman and co-owner Stefano Pessina and his team will be proud of.
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NewsDunkerton considers overseas flagship for SuperGroup
SuperGroup boss Julian Dunkerton is considering opening Regent Street-style Superdry stores overseas following the success of the London flagship.
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NewsOak Furniture Land to increase store numbers
Oak Furniture Land is to more than double store numbers over the next 18 months after strong growth in the past year.