All Financial results articles – Page 162
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NewsLaura Ashley full-year profits jump as like-for-likes rise 2%
Laura Ashley has recorded a 9.2% leap in full-year profits to £20.1m while like-for-like sales grew 2% in the year to January 26.
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Sales rise at off-price retailer Ross Stores
Off-price retailer Ross Stores’ sales in the fourth quarter ended February 2 rose 15% to $2.76bn (£1.81bn) and like-for-likes advanced 5%. Net earnings rocketed 23% to $236.6m (£155.7m).For the full year, sales increased 13% to $9.72bn (£6.39bn) with like-for-likes climbing 6%, while net earnings soared 20% to $786.8m (£517.8m). Michael ...
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Stong performance for homewares retailer Williams-Sonoma
Homewares retailer Williams-Sonoma’s net revenues increased 8.7% to $4.04bn (£2.66bn) in the year ended February 3. Performance was driven by a 14.5% increase in direct-to-customer revenues and like-for-like growth of 6.1%.Net earnings rose 8.4% to $256.7m (£168.9m).
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OpinionComment: Peter Marks leaves a mixed legacy at the Co-operative
The claim by Co-op chief Peter Marks that he will be leaving the business in “great shape” may raise a few eyebrows.
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Metro Group reports decline in net profit
Metro Group reported a sharp decline in net profit by 86.3% to E101m (£86.1m) for the full year ended December 31.EBIT (before special items) suffered a double-digit decline across all formats with the exception of Galeria Kaufhof and real estate.Metro Group’s net sales rose 1.2% to E66.7bn (£56.8bn), supported by ...
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OpinionComment: Multichannel success for fashion and homeware retailer Next
Next’s full-year figures showed that the fashion powerhouse remains a pastmaster in multichannel retailing.
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AnalysisInternational analysis: Auchan on course to become €100bn retailer
Auchan’s sales jumped 5.8% to E46.9bn (£39.9bn) in the year ended December 31, fuelled by expansion and like-for-like performance.
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Group sales increase for DIY retailer Hornbach
DIY retailer Hornbach’s group sales increased 0.8% to E3.23bn (£2.75bn) in the year ended February 28.The Hornbach-Baumarkt fascia achieved growth of 0.6% to E3bn (£2.5bn) year on year. Consolidated like-for-like sales dropped 1.4% from the previous year’s level of 2.8%.
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Convenience store operator Couche-Tard reveals revenue increase
Convenience store operator Couche-Tard revealed net earnings rocketed 64.2% to $142.5m (£93.8m) in the third quarter ended February 3. Revenue increased to $11.6bn (£7.6bn) from $6.6bn (£4.3bn). Like-for-likes were up 1.7%in Canada and 0.8% in the US.President and chief executive Alain Bouchard said: “Our recent acquisitions continue to contribute significantly ...
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Grocer Rewe Group records sales climb
The country’s second largest grocer Rewe Group’s sales climbed 2.7% to E49.7bn (£42.55bn) in its 2012 financial year.Turnover rose 2.4% in its domestic market and 3.6% abroad. The group’s store base shrank 1% to 15,538, mainly due to adjustments of the network, particularly for chains Penny in Germany and Billa ...
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AnalysisInternational analysis: Inditex wise to focus on existing markets
Inditex president Pablo Isla revealed last week that it will not be expanding internationally at the same pace as in recent years.
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AnalysisAnalysis: Is etailer Ocado the answer to Morrisons’ prayers?
Morrisons is the laggard of the big four grocers. Can a tie-up with etailer Ocado give it a much-needed fillip?
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Department store operator Myer reports solid first-half
Department store operator Myer’s first-half sales increased 1.7% to AUD1.73bn (£1.19bn) and 1.4% on a like-for-like basis.Net profit after tax edged up 0.7% to AUD87.9m (£60.4m).Myer chief executive Bernie Brookes said the business had delivered a solid first-half result, including a strong second quarter, which reflected a well-planned and executed ...
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AnalysisTesco’s acquisition of Giraffe: What do retailers need to know?
Last week Tesco snapped up restaurant chain Giraffe. So what are its plans for the group, and are more acquisitions on the cards?
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Adeo claims 2012 results make it European DIY leader
Adeo has claimed its 2012 results now make it the European DIY leader, ahead of UK-based Kingfisher, which announces its 2012 results later this month.The owner of the Leroy Merlin banner reported that sales rose 8.3% to E14.9bn (£12.76bn) for the year, driven by a 3.4% rise in like-for-like sales. ...
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Discount banner Rema 1000 reports sales growth
Discount banner Rema 1000 grew sales by 19.5% in Norway and Denmark during 2012.The business boosted owner Reitangruppen’s net sales by 12.4% to NOK71.7bn (£8.18bn) for 2012. EBITDA increased by 19.8% to NOK2.17bn (£247.6m).Revenue growth was also lifted by Reitan’s acquisition of more than 1,000 kiosks in Finland and the ...
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NewsDiscounter B&M Bargains' profits rocket 43% after strong year
B&M Bargains recorded a 43% surge in profits last year as pressure on disposable income drew more shoppers to the value chain.
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Gross sales rise at grocer Mercadona
Mercadona’s gross sales rose 7% to E17.8bn (£15.55bn) in 2012. Net income also increased 7% to E508m (£443.7m).The grocer invested E650m (£567.7m) to open 60 stores and hired 4,000 employees during the year, giving it a total staff count of 74,000.Mercadona is reportedly postponing global expansion.
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InterviewQ&A: Poundland chief executive Jim McCarthy
Poundland chief executive Jim McCarthy speaks to Retail Week about the retailer’s performance and growth prospects.
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AnalysisOracle Retail Week Awards: How John Lewis led the way and outperformed its rivals
John Lewis won both Oracle Retailer of the Year and Brandbank Multichannel Retailer of the Year. Managing director Andy Street talks about its success.