All Financial results articles – Page 215
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NewsTrading fears as festive countdown kicks off
Retailers cautiously optimistic for Christmas sales, but deep fears about the run-up persist.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.
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NewsTopps’ tumble spells trouble for sector
Analysts warned that Topps Tiles’ profit warning last week could signal weak trading for the wider home-related retail sector.
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NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
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NewsCo-op profits and sales hit by tough climate
The Co-operative Group has suffered a fall in first-half profits and sales in retail conditions described by chief executive Peter Marks as “the worst I have seen in over 40 years”.
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NewsStrong value proposition drives full-year profit at Fragrance Shop
The Fragrance Shop has reported that operating profit rose by 37.8% in its full year, driven by its strong value proposition.
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NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
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NewsCustomers recognise our quality is improving, says Asda’s Clarke
Asda chief executive Andy Clarke is confident that the grocer’s efforts on quality are being recognised by customers, despite the tough climate taking a toll on its growth.
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NewsWilkinson profits hit by rising costs, VAT hike and exchange rates
Wilkinson pre-tax profits fell from £65m to £61m in the year to January 28 as the value retailer was hit by rising commodity prices, the increase in VAT and fluctuating exchange rates.
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OpinionCrisis of confidence continues
Although the BRC was able to report “modest” retail sales growth in July, there was little for store chiefs’ comfort in the latest data.
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsRobert Dyas boss to ‘get back to basics’
Robert Dyas’s new boss is to focus on supply chain, cost control and leveraging customer loyalty as the owner of the hardware and homewares chain looks for an exit.
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NewsFindel group sales ahead by 1.1%
Home shopping group Findel said group sales are ahead of the prior year by 1.1% in its interim management statement though with some pressure on margins which it said is offset by cost savings.
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NewsTough trading is set to continue, says Spindler
Trading at value department store group Original Factory Shop has improved in the new financial year, but chief executive Angela Spindler said retail conditions remain tough.
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NewsProfits fall at Original Factory Shop
Value department store group Original Factory Shop has posted a fall in profits after a “challenging year” but is confident of continued long-term growth.
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NewsZara UK full year profits surge
Fast fashion chain Zara’s UK business posted a sharp full-year profits jump as it cut back on spending.
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NewsCarphone on track despite sales fall
Carphone Warehouse has reported a “very satisfactory start to the year” despite a like-for-like sales fall at the eponymous division.
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NewsAurum EBITDA soars as sale process “remains on track”
Up for sale jeweller Aurum’s EBITDA soared in its last financial year as its sale process “remains on track”.
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NewsJessops posts first-half sales rise
Cameras specialist Jessops has posted an uplift in first-half sales and says it is beating trading targets.