All Financial results articles – Page 82
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NewsThe Works warns on profits as like-for-like sales suffer
The Works has issued a profit warning in its half-year trading update, as it says a “challenging consumer backdrop” and strong comparables hit its like-for-like sales.
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AnalysisAnalysis: Primark confronts sustainability concerns that hit German sales
In its 50th year of trading and following a strong set of full-year results, Primark has won more clothing market share even with bumps in the road – particularly in Germany.
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NewsHalfords profits and revenue fall as big-ticket sales stall
Halfords has recorded a decline in interim sales and profits as the business snapped up independent garage chain McConechy’s Tyre Service in a bid to bolster its autocentres division.
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NewsSainsbury’s half-year profits slide as sales fall in ‘competitive’ market
Sainsbury’s has recorded a fall in profits at the half-year mark as one-off property costs hit the grocer’s bottom line.
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NewsIkea sales rise as global transformation takes hold
Ikea has reported an increase in total sales as the first year of its global transformation programme has taken hold.
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VideoCan M&S’ floundering fashion business ever recover?
Marks & Spencer’s apparel arm suffered a like-for-like sales slide of 5.5% in the first half. Chief executive Steve Rowe has taken control of the clothing business and says a new team has got off to a great start and “their first ranges have delivered”. GlobalData global retail research director Maureen Hinton joins Retail Week executive editor George MacDonald to discuss M&S’ fashion prospects.
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NewsClarks blames deepening losses on ‘climate of uncertainty’
Clarks’ losses after tax increased in its last financial year, with sales falling and “onerous” leases across its store estate taking their toll.
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NewsIntu’s outlook ‘remains confident’ despite market conditions
Shopping centre owner Intu has made progress with the strategy set out in its interim results despite “challenging market conditions”.
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NewsM&S sales and profits fall due to weak clothing sales
Marks & Spencer’s sales and profits fell during its half-year following poor performance in its clothing and home ranges.
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NewsMothercare UK tumbles into administration with the loss of 2,800 jobs
Mothercare’s UK arm has officially appointed administrators and will close all of its stores and offices with the loss of 2,800 jobs.
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AnalysisHow Seasalt harnessed heritage to navigate retail’s choppy waters
While many larger high street fashion brands have found themselves in rough water this year, Seasalt is plain sailing. Retail Week looks at what the fashion retailer is doing right and where it might turn next.
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NewsKurt Geiger profits up despite House of Fraser debt
Kurt Geiger has reported an increase in its operating profit for the financial year, despite the bad debts it accrued as part of the House of Fraser administration.
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NewsPrimark profits rise as it eyes international expansion
Primark has posted an increase in full-year profits and set its sights on further international expansion, despite declining like-for-like sales.
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NewsRicher Sounds steals market share as profits rise
Richer Sounds registered increases in sales and profits during its full-year results.
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NewsAgenda: Primark, Sainsbury’s and M&S update the market
Retail Week looks ahead to the next seven days with updates from Primark, Sainsbury’s and M&S on the agenda.
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NewsAll Saints returns to profit as international sales climb
All Saints recorded a return to profitability in its full-year results spurred by sales growth across its non-retail channels.
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NewsZalando sales surge as shopper visits climb
Online fashion giant Zalando has posted a rise in quarterly sales as its customer base grew.
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NewsNext in-store sales fall but profit expectations remain unchanged
Next has reported a fall in full-price sales from stores but saw a big upturn in online sales in its third quarter, ensuring that its profit expectations for the year remain unchanged.
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NewsSchuh swings to loss after second ‘extremely challenging’ year
Schuh fell to a loss for the financial year, with the retailer blaming a “second consecutive year of extremely challenging conditions” in the sector.
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NewsWalgreens Boots Alliance ups cost-cutting drive as full-year profits fall
Walgreens Boot Alliance (WBA) has recorded a decline in full-year profits despite increased sales in what chief executive Stefano Pessina described as “a challenging operating environment.”