All Financial results articles – Page 159
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NewsMaplin profits dip by 33.6% as it eyes international growth
Maplin’s profits took a hit in the first year of its investment plan for growth as the retailer marks out countries for overseas expansion.
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NewsAsda boss insists low prices will drive loyalty as like-for-likes rise 1.3%
Asda has ploughed money into its digital operations while throwing its weight behind a sustained low-price strategy amid a grocery market awash with promotions.
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OpinionNick Bubb's Verdict: Dixons - If only France and Southern Europe didn't exist
Dixons’ sterling progress in the UK and Nordics continues to be undermined, alas, by poor trading in Southern Europe and its French business Pixmania.
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OpinionComment: Grocer Morrisons needs to keep pace with competition
A minus sign in front of a retailer’s like-for-like sales figures does not prompt investors to fill their shopping trolleys with stock.
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News
CP All reports first-quarter revenue increase
CP All has reported first-quarter revenue of Bt52.9bn (£1.16bn), up 18.4% as a result of 7-Eleven store expansion in Thailand, growth in average same-store sales and an increase in other operating income.During the quarter 219 new 7-Eleven convenience stores were opened, passing the milestone of 7,000 stores in Thailand at ...
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NewsBoots full year profits soar despite sales fall
Alliance Boots has reported a 6.1% increase in trading profit to £1.27bn despite a 2.6% fall in revenue to £22.4bn during what executive chairman Stefano Pessina dubbed a “transformational year”.
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Rakuten records net revenue increase
Rakuten recorded a 15.3% increase in net revenue to ¥68.67bn (£439.2m) for its first quarter ended March 31.Net profit at the Japanese ecommerce group rose 6.8% to ¥15.73bn (£100.6m).Results were driven by a 14.5% increase in general merchandise sales at Rakuten Ichiba in Japan and 29.6% growth from Rakuten’s international ...
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NewsOcado insists acquisition by Morrisons is not on the cards
Ocado has restated that it is not up for sale to Morrisons as it holds talks about partnering with the grocer to develop its online business.
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AnalysisAnalysis: Is Lord Wolfson’s bonus gift to Next staff a new trend?
Next chief executive Lord Wolfson made headlines with his unprecedented decision to share a £2.4m bonus among staff.
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AnalysisAnalysis: Will Argos’ new digital model prove successful?
Argos is six months into a five-year transformational plan. Managing director John Walden talks to Rebecca Thomson about the retailer’s journey to become a digital leader.
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NewsMidcounties annual profits rise as like-for-likes edged up 1%
The Midcounties Co-operative has reported a £1.3m increase in group operating profits to £19m in the year to January 29.
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OpinionComment: Argos’ digital quest for success
Despite improvement at the flagship Argos business, parent Home Retail’s shares fell after its full-year results.
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NewsWaitrose shrugs off southern image as northern sales outpace south
Grocer Waitrose steals market share from rivals as its northern stores perform better than southern shops.
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OpinionComment: Retail strategy is being overtaken by tactics
Remember when business was all about making a profit, and strategy was the plan to achieve that?
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OpinionComment: Boss Justin King rules over Sainsbury’s success
In posting a 6.2% rise in underlying pre-tax year-end profits, Sainsbury’s deflected some attention away from the rumours surrounding Justin King’s eventual departure.
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OpinionNick Bubb's Verdict: Sainsbury's - fresh food rather than fresh messages?
With no new news on trading/strategy to impart today with the final results and with the whole world obsessed with speculation that Justin King will soon leave, what would your PR advice have been to Sainsbury’s?
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News
Alon Holdings Blue Square records revenue increase
Gross revenues of the country’s largest retailer, Alon Holdings Blue Square, increased 3% to ILS3.831bn (£692.6m) in the year ended December 2012.The Dor Alon convenience banner was the main driver of growth. Revenues from the supermarket business dropped 3.6%.
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Sales at Jerónimo Martins rise in first quarter
Sales at Jerónimo Martins rose 15.6% in its first quarter to €2.8bn (£2.41bn). Net profit reached €75m (£64.5m).Sales at its Polish discount chain Biedronka rose 20%, while sales at the main Portuguese business, Pingo Doce, were up 5.3%.“The first quarter provides a good basis for another year of growth,” said ...
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Sales at Safeway slip during first quarter
Sales at Safeway slipped to $9.99bn (£6.62bn) during the first quarter ended March 23, from $10bn (£6.31bn) the previous year.Net income increased 63.1% to $118.9m (£78.8m). Identical store sales were up 1.5% during the period, including a 0.4% positive impact because of a calendar shift, meaning New Year holiday sales ...
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Supervalu reports year-on-year net sales decline
Supervalu has reported net sales of $3.89bn (£2.58bn) and a net loss of $1.41bn (£934.4m) for its fourth quarter ended February 23.The 2.3% year-on-year decline in net sales primarily reflects a decrease in identical store sales of 4.1% for retail food and 2.6% for the Save-A-Lot discount chain.In March, Supervalu ...