All Financial results articles – Page 161
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OpinionNick Bubb's Verdict: Primark - What is the secret of its success?
Expectations were high for today’s Primark interim profits from Associated British Foods (ABF) but they still beat them, with amazing 55% growth. How does Primark do it?
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NewsScotmid Co-operative profits fall despite sales increase
Scotmid Co-operative has reported a fall in full-year operating profits despite a strong second half performance.
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NewsCompany profile: Moss Bros
The suit retailer has pulled its socks up in recent years, and there is still plenty of growing room.
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Analysis
Analysis: How retailers can cope with ongoing weather storms
Debenhams has blamed a drop in profits on unseasonable weather, but what can retailers do to battle against the elements as they have this winter?
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OpinionComment: Retail chief executives leave on good terms
Last week Kate Swann unveiled her final set of results as chief executive of WHSmith.
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NewsAnn Summers eyes wholesale growth as it reports profits jump
Ann Summers is plotting wholesale growth after its tieup with Shop Direct helped to drive a profits rise in its last financial year.
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News
X5 Retail Group reports net sales increase
X5 Retail Group has reported sales of RUB126.3bn (£2.63bn) in its first quarter ended March 31, an increase of 8.1% year on year.The increase in net retail sales was driven by additional store space, price inflation, the positive performance of maturing stores added over the past two years and promotions. ...
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NewsTesco UK boss Chris Bush: I’ll rekindle shoppers’ love affair with Tesco
Tesco UK managing director Chris Bush has vowed to rekindle the British consumer’s affection for the grocer by making it the supermarket of choice rather than a default option.
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NewsTesco profits down 13% and sales up 1.3% as it confirms US exit
Tesco reported group trading profit down 13% to £3.5bn in its full year to February 23 as chief executive Philip Clarke confirms its US exit.
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OpinionComment: Tough decisions will set Tesco on the right track
Tesco may have reported a fall in full-year profits this week, but chief executive Philip Clarke should be commended for taking the bold steps needed to set the grocer on the path to growth.
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AnalysisWHSmith’s acquisition of Past Times: What do retailers need to know?
WHSmith’s diversification continues with the acquisition of the Past Times brand. Will it be a good fit and what are the wider plans?
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NewsBolland: 'Trust in M&S brand boosted food sales'
Marks & Spencer’s strong fourth-quarter food performance was not a side-effect of the horse meat row that hit other retailers, chief executive Marc Bolland has maintained.
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AnalysisInternational analysis: Uniqlo has work to do to meet ambitious targets
Fast Retailing’s president and chairman Tadashi Yanai has topped US magazine Forbes’ 2013 list of the 50 wealthiest people in Japan.
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NewsTesco etail sales surge as it vies for online dominance
Tesco’s online grocery sales are expected to have hit £2.5bn in its last financial year as the retailer pushes forward in its quest to become a global dotcom business.
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OpinionComment: Tesco targets Extra appeal
Ahead of Tesco’s prelims next Wednesday there has been much speculation about the future of the Fresh & Easy business in the US.
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NewsSir Terry Leahy-backed tyre etailer’s eyes European deal as sales soar
Online tyre retailer Blackcircles.com, which is backed by former Tesco chief executive Sir Terry Leahy and operates Tesco Tyres, is in talks to buy or partner with rival European firms as it looks to expand its relationshp with the grocer.
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NewsMonsoon Accessorize in the red after ‘most difficult year ever’
Monsoon Accessorize plunged into the red last year after suffering what founder Peter Simon described as the “most difficult” period in its 40-year history.
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News
Multichannel retailer Otto Group reveals preliminary figures
Multichannel retailer Otto Group has revealed preliminary figures for the year to February 28.Consolidated revenues rose 1.7% to E11.8bn (£9.94bn).The group’s multichannel retail earnings rose 0.4% to E10.07bn (£8.48bn). Ecommerce revenues increased 7% to E5.7bn (£4.8bn), representing 57% of total retail turnover.In Germany, online sales were E3.7bn (£3.12bn).Chairman of the ...
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OpinionComment: Cold conditions could take a toll on M&S clothing
M&S posts fourth-quarter figures next Thursday. The retailer will hope things go more smoothly than the last update in January.
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NewsChocolatiers and convenience stores win over Easter period
Food retailers enjoyed a strong Easter as shoppers flocked to chocolatiers and convenience grocery stores.