All City & finance articles – Page 392
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NewsThorntons total sales rise over Christmas despite like-for-like fall
Thorntons has reported an uplift in total revenue in the second quarter despite a slump in company-owned sales as the chocolatier continues to close stores.
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NewsN Brown sales like-for-likes jump 7.9% over golden quarter
Outsize fashion group N Brown like-for-likes climbed 7.9% over the 19 weeks to January 12 as it invested an extra £2m in customer recruitment.
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NewsOcado sales surge over Christmas period and fourth quarter
Online grocer Ocado experienced a sales surge of 14.2% to £91.6m in the six weeks to January 6 on the back of soaring fourth quarter revenue, which jumped 12.4%.
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NewsHalfords like-for-likes flat over Christmas as it ups profit forecast
Halfords retail like-for-likes remained flat in the 15 weeks to January 11 as the cycle and car parts specialist upgraded its profit forecast for the year.
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AnalysisAnalysis: What can the City expect from the updates this week?
After the numerous, and sometimes headline-grabbing Christmas updates last week, this week looks set to be just as busy, with retailers including Argos, Dixons and Primark revealing their performances over the golden quarter.
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NewsFormer retail analyst launches True Capital with £100m investment fund
Former retail analyst Matt Truman has launched a new investment fund set to plough £100m into retail and consumer businesses.
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OpinionComment: from Andy Street to Jim McCarthy – my 2012 retail honours list
In a volatile economic climate it’s more difficult for retailers to shine. Following Jessops’ collapse, I wanted to hail successful organisations and the individuals who lead them.
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OpinionComment: What to watch out for in 2013
This year won’t be an easy ride for retailers, but there will still be winners.
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OpinionNick Bubb's Verdict: Cost control won't work forever at M&S
With CEO Marc Bolland under increasing pressure to get profits moving up at M&S, it is unhelpful to his cause that current year expectations have had to be notched down again, even though M&S promises to get its act together this autumn.
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AnalysisTesco: What the analysts say
Tesco today reported a 1.8% uplift in like-for-like sales over Christmas as its core UK business begins to show signs of a turnaround a year-on from its profit warning. The City welcomed the figures.
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AnalysisMarks & Spencer: What the analysts say
Marks & Spencer surprised the City by issuing its Christmas trading update early last night. Analysts were downbeat over the 1.8% like-for-like fall over the festive period.
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OpinionComment: Online retail can cause dilemmas for retailers
Digital retailing made Christmas for the industry, it seems.
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AnalysisSainsbury’s: What the analysts say
Sainsbury’s today reported what it dubbed a “record-breaking Christmas” and recorded a 0.9% uplift in like-for-like sales in the third quarter. The City praised its own label growth but questioned the retailer’s return on investment.
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NewsTed Baker posts "good" Christmas as retail sales surge 20.9%
Premium fashion brand Ted Baker experienced a 20.9% surge in retail sales over Christmas and has appointed the Football Association’s chairman David Bernstein.
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NewsH.Samuel and Ernest Jones Christmas sales fall
Like-for-like sales at jewelers H.Samuel and Ernest Jones fell over Christmas.
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OpinionComment: Growth of online shopping is not the death-knell for shops
Boxing Day apparently set a new British record for the number of shoppers who went online.
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AnalysisDebenhams: What the analysts say
Debenhams today reported its best ever December as like-for-like sales rose 5% in the five weeks to January 5. The results were met positively by the City.
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NewsDunelm reports "strong" half-year as it gains market share
Value homewares retailer Dunelm has reported a 2.2% rise in like-for-likes in the 26 weeks to December 29 as it gained market share.
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NewsMajestic Wine posts Christmas like-for-likes up 1.1%
Specialist retailer Majestic Wine revealed like-for-like sales jumped 1.1% across Christmas in a “challenging” market.
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NewsDebenhams posts best ever December sales
Debenhams has posted its highest ever December like-for-like sales, up 5% in the five weeks to January 5.