All Financial results articles – Page 165
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NewsCotswold Outdoor reports 14% increase in sales as it hits £100m mark
Cotswold Outdoor has reported a 14% increase in sales last year compared to 2011 and hit a milestone of £100m in turnover on Christmas Eve as shoppers purchased winter wares.
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Revenue increase for LVMH’s Selective Retailing division
Revenue at LVMH’s Selective Retailing division, which includes beauty specialist Sephora, rose 22%, or 14% on a comparable basis, to e7.9bn (£6.8bn) in 2012. Profit from recurring operations increased 19% to e854m (£735.9m).The group said it continued to achieve “an excellent level of performance” and made market share gains across ...
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NewsCompany profile: Dunelm Mill
Value homewares retailer Dunelm Mill has carried strong momentum into 2013 after a blockbuster 2012, which echoed the Olympian efforts taking place in east London.
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OpinionComment: Department store John Lewis continues to set the pace in retail
While the latest BRC figures continue to point to a volatile and frustratingly slow recovery - like-for-like retail sales increased 1.9% year on year in January.
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AnalysisInternational anaylsis: Woolworths and Coles’ strategies go head to head
Australia’s food retail industry is developed and highly concentrated, and Woolworths and Coles combined hold an estimated 60% of the market, making the market share fight intense.
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NewsLike-for-like sales rocket at fashion specialist SuperGroup
SuperGroup, owner of the Superdry brand, generated a retail like-for-like sales rise of 10.6% in its third quarter, as shoppers snapped up products such as jackets and knitwear.
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OpinionComment: Angela Spindler is a welcome addition at N Brown
Angela Spindler was a surprise, but welcome, choice to become new chief executive of home shopping group
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AnalysisThe Irish retail market: What retailers need to know
Problems at the Irish arm of B&Q highlight the fragile state of the market. Retail Week examines how retailers in Ireland are faring.
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H&M reports sales increase
H&M’s sales including VAT for the full year 2012 rose 11% in local currencies.Net profit for the full year was up 7% to SEK16.87bn (£1.7bn) compared with SEK15.82bn (£1.59bn) in 2011.H&M opened 304 new stores worldwide in 2012 and will add 325 more this year, with the fastest rate of ...
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General merchandise retailer SOK reports net sales increase
General merchandise retailer SOK has reported net sales of e12bn (£10.34bn) for the 2012 financial year, up 5% compared with 2011. Supermarket sales rose 7.3% year on year, but sales in department stores and the automotive trade fell 3.3% and 8% respectively.Retail sales in Finland’s neighbouring countries totalled e466.3m (£401.8m), ...
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OpinionComment: Tesco growth shows turnaround is on track
Tesco group chief executive Philip Clarke will not view the latest grocery market share figures as evidence that efforts to turn the UK business around are complete.
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AnalysisInternational analysis: Russia’s Magnit on course to overtake grocery rival
Russian grocery retailer Magnit has doubled its profit to $807m (£513.2m) in comparison with 2011. The food retailer reported an impressive net profit margin of 5.57%.
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AnalysisAnalysis: What will the music stores of the future look like?
When HMV fell into administration, the future of record stores on many British high streets was thrown into question. How can retailers adapt to today’s entertainment consumers?
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Apple loses market value after weak Christmas
Apple lost more than $50bn (£31.8bn) of its market value last week after shares slumped 12% because of weaker-than-expected iPhone sales at Christmas, reinforcing fears that the retailer and technology giant is losing its dominance in smartphones.Apple posted first-quarter group revenue of $54.5bn (£34.66bn), compared with $46.3bn (£29.44bn) in the ...
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NewsOak Furniture Land reports record sales and profits
Oak Furniture Land has reported a record year as profits shot up from £3.9m to £9.2m while sales more than doubled last year.
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OpinionComment: Debenhams’ fresh strategies impress city analysts
Department store Debenhams has been a bit out of favour since Christmas, when chief executive Michael Sharp’s comments on margin spooked some analysts.
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OpinionComment: UK retailers sense stability in consumer sentiment
The positive results last week from retailers including Asos, Dixons and Home Retail Group demonstrate the dangers of viewing UK retail as a single, endangered entity.
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Metro reports net sales rise
Metro reported a 1.2% rise in net sales to e66.7bn (£56bn) for the full year to December 31, 2012. Adjusted for the disposals of Makro UK and Saturn France, sales rose by 2.3%. EBIT fell to e2bn (£1.68bn) from e2.4bn (£2.01bn) in 2011.Sales at Metro Cash & Carry rose by ...
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OpinionComment: Welcome back to a top retail role, Sir Stuart Rose
It’s good to see Sir Stuart Rose back in retail’s public company world as chairman of online grocer Ocado.
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NewsFortnum & Mason records profit slump after IT investment
Upmarket food department store Fortnum & Mason has reported a fall in annual profits as it was hit by IT problems in the run up to Christmas 2011.