All City & finance articles – Page 479
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NewsTed Baker retail sales rise 7.6%
Fashion brand Ted Baker posted a 7.6% rise in retail sales over the crucial Christmas period and said pre-tax profit would be in line with expectations for the year to January 29.
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NewsMorrisons and Co-op eye up Abel & Cole
Food groups Morrisons and the Co-op are expected to be at the forefront of acquisition interest in organic food home delivery specialist Abel & Cole, which is being put up for sale.
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NewsAccessible stores give Blue Inc a festive boost
Fashion specialist Blue Inc, which is considering a flotation, generated a sales uplift over Christmas helped by the accessibility of its stores.
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NewsSainsbury’s to invest in own-brand after record Christmas
Grocer to build on its bumper Christmas after overtaking Asda as second biggest supermarket
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OpinionOcado beats the bears
If there is one retailer that could have convincingly used the snow as an excuse for lost sales over the Christmas period it is Ocado.
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NewsConsumers will still carry on shopping, M&S chief believes
Marks & Spencer chief executive Marc Bolland does not expect consumer demand to fall off a cliff this year, despite an expected squeeze on income and economic uncertainty.
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NewsGeneral retailers look a better bet than grocers
General retailers provide a better investment opportunity than food retailers in 2011, Oriel analysts believe.
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News
M&Co’s sales weather the big freeze
Value retailer M&Co generated like-for-like growth over the eight weeks to Christmas Eve of 2.7% despite being “significantly” impacted by snow.
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NewsBig freeze helps Mountain Warehouse climb higher
Outdoor retailer Mountain Warehouse benefited from December’s arctic conditions as its Christmas sales soared. Like-for-likes rocketed 15.6% in December as shoppers snapped up winterwear.
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NewsBrightHouse sees demand surge but stays cautious
Rent-to-own electricals and furniture retailer BrightHouse has revealed a strong Christmas but cautioned that current trading has been tougher. Like-for-likes increased 9.8% in the 13 weeks to December 31, 2010.
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NewsClinton to highlight value following slow Christmas
Clinton Cards is to emphasise its value credentials following a profit warning last week.
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NewsInvestors still cold on the retail sector
General retailers and grocers were both left on the shelf by investors and the market was flat overall.
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NewsDebenhams warns of more price rises to come
Debenhams has flagged a double-digit price increase in outerwear for autumn 2011 and expects prices overall to increase by between 4% and 6% before VAT over the year.
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NewsPeacocks delivers full-year profits increase as shoppers trade down
Peacocks Group, the fashion retail group that operates value chain Peacocks and mature womenswear business Bonmarche, said that EBITDA and sales rose across the group last year.
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NewsShop Direct targets double-digit growth
Home shopping group Shop Direct is gunning for double-digit sales growth this year on the back of new brand launch Isme and expanded product lines across the group.
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NewsDunelm down in the dumps while Topps Tiles impresses
Updates from home retailers Dunelm and Topps Tiles painted a contrasting picture of trading conditions in the sector.
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NewsJJB Sports shareholders expect profits to return
JJB Sports’ biggest shareholder expects the troubled retailer will return to the black this year.
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NewsCo-op sales hit by bad weather
The Co-operative Group has reported like-for-like sales fell 3.2% in its food division for its fourth quarter, saying the weather took its toll on footfall and spending patterns.
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NewsTesco reports modest Christmas growth
Tesco has reported modest growth over Christmas with UK like-for-like sales for the six weeks to January 8 up 0.6%, saying it was “hindered” by the snow.
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NewsSuperGroup Christmas sales soar
SuperGroup, the owner of fashion chain Superdry, has revealed a bumper Christmas, with retail sales surging 93.6% to £51.7m.