All Financial results articles – Page 218
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NewsComet like-for-like sales plummet 15.2%
Electricals retailer Comet suffered a 15.2% plunge in like-for-like sales in its final quarter, bringing the full-year fall to 7.7%.
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NewsN Brown full year profits rise 5.5%
N Brown’s full-year pre-tax profit rose by 5.5% and the home shopping retailer said it will open bricks and mortar stores for its Simply Be brand this year.
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NewsOverseas helps Clarks profits to break £100m
Clarks’ group pre-tax profit has topped £100m for the first time in its 185 year history despite a “challenging” UK market.
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NewsAbsorbing price rises will cost Primark £20m
Analysts forecast that Primark could take a hit of up to £20m on profit margins this year as it absorbs input price rises to continue to offer its cheap chic fashion.
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NewsAlexon back in the black as turnaround plan bears fruit
Fashion group Alexon has returned to full-year profitability as a result of successful restructuring agreements on loss-making shop leases and more focus on cutting operating costs.
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NewsBlacks banking on new ranges to return to profit
Outdoor clothing and equipment group Blacks intends to boost sales through new product categories as it bids to restore profitability.
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NewsCalls for new Comet boss Darke to shake things up
Electricals retailer Comet’s new managing director Bob Darke needs to bring a completely fresh approach if he hopes to turn the business around, observers believe.
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NewsHalfords model is ‘far from broken’ despite setbacks
Motor accessories specialist Halfords’ shares may now have now hit a floor and offer good value, according to Singer analyst Mark Photiades.
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Opinion
N Brown overlooked
While the etail era has made online outfitter Asos a share price star, another retailer well placed to benefit from changing shopper habits has been overlooked.
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NewsWolfson remains cautious despite strong performance from Next
Next chief executive Lord Wolfson remained cautious this week despite reporting better than expected sales, warning that any rises in commodity prices or interest rates could slow growth.
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AnalysisReasons to be cheerful
The bank holiday festivities are over and it is back to the grind of tough trading and ferocious competition. But it’s not all doom and gloom for the industry. Here we highlight why there is plenty of reason for optimism…
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NewsThorntons melts in the Easter heat
Thorntons’ poor third quarter resulted from the competitive environment and a structural shift from the high street as well as the warm Easter weather, City analysts said.
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NewsBest Buy Mobile powers Carphone Warehouse fourth quarter performance
Carphone Warehouse has posted strong fourth quarter growth, powered by its Best Buy Mobile venture in the US.
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NewsBlacks reduces full-year losses and confirms Julia Reynolds as new boss
Blacks Leisure has reported a reduction in its full-year pre-tax loss and exceptional items to £6.6m from £14.4m the previous year but still suffered a “disappointing” year and has confirmed Julia Reynolds as its new chief executive.
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NewsMonsoon pre-tax profits triple
Monsoon said that pre-tax profits more than tripled to £98.2m for the year to August 28, 2010, up from £27.9m the previous year.
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NewsThorntons warns on profits
Thorntons’ own store sales like-for-likes fell 12.6% in its third quarter and the chocolatier warned on profits.
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NewsStaff cuts planned despite rise in retail employment
Retail employment edged up 0.5% in the first quarter of 2011 - the equivalent of 3,400 more full-time jobs - but almost one third of retailers expect to cut staffing levels in the current quarter.
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NewsSports Direct stock rises despite tough trading
City confidence that Sports Direct will achieving its £215m EBITDA target in 2012 rose following a 7.3% jump in gross profits despite tough trading conditions.
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NewsAmazon sales rise but earnings fall following investment in business
Online giant Amazon has reported a 31% increase in first quarter sales to $4.39bn at its international division, which includes the UK.
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NewsSavers narrows full-year losses
Value health and beauty retailer Savers has reported an operating loss before exceptionals, interest and tax of £7.8m in the year to December 25 but said the loss was expected as part of its turnaround plan.