All City & finance articles – Page 366
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AnalysisMarks & Spencer third quarter update: What the analysts say
Marks & Spencer today revealed struggling general merchandise sales pulled down its third quarter performance which it blamed on a warm October and pre-Christmas disocunting. Retail Week takes a look at what the analysts say.
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NewsM&S forced into Sale early by 'unprecedented' level of promotions, says Bolland
Marks & Spencer boss Marc Bolland said the retailer tried to hold its nerve over Christmas promotions but was forced into Sale early by “unprecedented” promotional activity.
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AnalysisMorrisons' Christmas trading: What the analysts say
Morrisons today brought forward its planned Christmas trading update to inform the City of its 5.6% fall in like-for-like sales over Christmas. Retail Week rounds up the reaction.
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NewsTed Baker Christmas sales jump 18%
Ted Baker sales increased 18.3% over the Christmas period in the eight weeks from November 10 to January 4.
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NewsMarks & Spencer blames warm weather and discounting for lacklustre quarter
Marks & Spencer has blamed warm weather in October and Christmas discounting for its lacklustre third-quarter performance, which was dragged down by general merchandise sales.
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NewsTesco reports UK Christmas like-for-likes down 2.4%
Tesco has reported like-for-like sales in the UK fell by 2.4% over Christmas, maintaining that weakness in the grocery market impacted its performance.
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OpinionComment: Next makes money in the middle market
Next was very much in fashion with shoppers over Christmas, when it posted better than expected sales.
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NewsWarm summer helps lift Bravissimo full-year figures
Lingerie retailer Bravissimo has revealed growth in sales and pre-tax profits in its full-year figures, as the company expects to open new stores this year.
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OpinionComment: Retail trends that are not just for Christmas
The concentrated nature of the festive trading period amplifies consumer trends like no other and there are already telling lessons to be drawn for the year ahead.
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AnalysisSainsbury’s third quarter: What the analysts say
Sainsbury’s today reported a 0.2% rise in like-for-like sales in the third quarter as the retailer experienced a flood of late shoppers. The City praised the performance against a tough market.
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NewsUpdated: Mothercare warns on profits amid 'highly promotional' Christmas conditions
Mothercare has issued a profit warning blaming the “highly promotional” Christmas environment and lower footfall impacting sales and margins.
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NewsSainsbury's like-for-likes edge up 0.2% over "best ever" Christmas
Sainsbury’s has reported like-for-likes were up 0.2% in its third quarter but still recorded its best ever Christmas.
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NewsTopps Tiles remains cautious despite first-quarter sales leap
Topps Tiles’ like-for-likes increased 9.3% in the 13 weeks to December 28.
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NewsDunelm second-quarter sales boosted by TV campaign and catalogue
Dunelm’s like-for-likes increased 2.9% in the second quarter boosted by its new catalogue and first TV ad campaign.
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AnalysisIn the news: Incoming Conviviality Retail chairman David Adams profiled
David Adams could be forgiven for shunning any thoughts of a dry January given his appointment this week as chairman of Conviviality Retail, owner of cut price off-licence chain Bargain Booze.
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NewsBargain Booze owner Conviviality appoints David Adams as chairman
Bargain Booze owner Conviviality Retail appoints former Jessops boss David Adams as its new chairman.
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AnalysisNext's Christmas trading: What the analysts say
Next has raised its profit forecasts after enjoying a bumper Christmas period driven as like-for-like sales rose 11.9% between November 1 and December 24. The City reacted positively.
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OpinionComment: A new year brings new opportunities for retailers
The New Year is often portrayed as an opportunity for a fresh start. As such, rather than focusing on the retail failures of 2013, why not take a look at the successes of some of last year’s more innovative retailers instead?
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NewsNext profit forecasts raised after bumper Christmas
Next has raised its profit forecasts after enjoying a bumper Christmas period driven by strong sales of Christmas jumpers and growth in its ecommerce arm.
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NewsDebenhams warns on profits as Christmas shoppers stay away
Department store group Debenhams has issued a profit warning after Christmas shoppers shunned the retailer.