All Financial results articles – Page 166
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NewsFindel Group posts 10.2% sales increase in third quarter
Home shopping specialist Findel has posted a 10.2% increase in third quarter sales while group revenues are up 8.9% year on year in the calendar year to date.
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Casino reports sales growth
Casino has reported sales growth of 22.1% to e41.97bn (£35.25bn) in 2012, corresponding to a 4% organic rise (at constant consolidation and exchange rates).Fourth-quarter sales rose 3.2% to e12.9bn (£10.83bn). There was with an 8.5% rise for Casino’s international operations in Brazil, South America and Asia, compensating for a 2.2% ...
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Rakuten's Canadian Kobo ereader subsidiary exceeds market forecasts
Rakuten’s Canadian Kobo ereader subsidiary said it exceeded market forecasts during the second half of 2012.It sold more than 4 million devices during the six-month period, bringing its total number of registered users to 12 million.The company said ereader sales jumped by almost 150% in December, driven by market entries ...
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Ahold records net sales increase
Ahold recorded an 8.5% increase in net sales to E32.8bn (£27.51bn) for its full year 2012. At constant exchange rates, sales were up 3.5%.In the fourth quarter, net sales rose 7.5% to E7.8bn (£6.54bn), and US sales advanced 4.3% to $6.1bn (£3.84bn). Sales in the company’s domestic market climbed 7.7% ...
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OpinionComment: How did Harry Selfridge make Selfridges so successful?
How on Earth anyone can say a career in retail is boring is beyond me after the last week or two. It’s been inundated with retail mystery, intrigue and so much more.
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Best Buy reveals slight revenue decrease
Consumer electronics specialist Best Buy has revealed revenues of $12.8bn (£7.97bn) for the nine weeks ending January 5. That compares with $12.9bn (£8.03bn) for the nine weeks ending December 31, 2011.Turnover was down slightly because of a comparable stores sales fall of 1.4%.The performance was seen as encouraging for Best ...
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AnalysisInternational analysis: French independents have right model for growth
French independent retailers including E.Leclerc, Intermarché and Système U, have all announced that they will report solid 2012 sales growth in their domestic market.
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News'Phenomenal' tablet demand drives Christmas sales surge at Dixons
Electricals retailer Dixons reported strong Christmas trading as UK like-for-likes rose 8%, driven by “phenomenal” sales of tablets and the collapse of rival Comet.
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NewsHome Retail raises profit forecast after strong Christmas at Argos
General merchandise giant Argos generated a like-for-like sales rise of 2.7% over Christmas, and parent Home Retail Group has raised its full-year profit expectations.
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Sales increase at Walmart-controlled Massmart
Walmart-controlled Massmart’s preliminary sales increased 14.6% to R36.1bn (£2.57bn) in the first half to December 23, 2012. Like-for-like sales increased 7.3%.
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Fast Retailing report net profit increase
Fast Retailing’s net profit rose 23% in its first quarter.For the September to November period, net profit increased to ¥38.4bn (£268.2m) from ¥31.15bn (£217.5m).Sales rose 17% on last year to ¥318.14bn (£2.22bn) and domestic sales increased 8% to ¥204.7bn (£1.43bn).The retailer’s sales from Uniqlo overseas rose 51.1% to ¥64.5bn (£450.4m) ...
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OpinionComment: A crucial six months for Marks & Spencer's Marc Bolland
Marks & Spencer’s styles were not in fashion over the crucial Christmas period, and that means chief executive Marc Bolland is under growing pressure to make improvements.
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NewsGrocery volumes bounce back as supermarkets increase ad spend
Grocery revenue by volume bounced back into growth in the four weeks to January 5 as supermarkets upped their advertising spend over the Christmas period.
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Magnit reports unaudited financial results
Magnit has reported unaudited financial results. Consolidated net retail revenue increased to RUB448.49bn (£9.23bn) for the financial year 2012, up 33.6% on the previous year.Like-for-like sales grew by 8.5%, driven by 7.8% growth in basket size and a 0.6% increase in footfall.In contrast with 2011, hypermarkets outperformed supermarkets and convenience ...
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Spar reports net sales increase
Spar has reported a 3.8% net sales increase for the year to December 31, 2012 to CHF1.04bn (£705.4m).Net sales for the 170 Spar, Eurospar and Spar Express stores increased by 2.3% to CHF567m (£384.6m), despite prices being lowered by 1.2%.This year the retailer will open five new Spar supermarkets.
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Jerónimo Martins reports preliminary sales growth
Jerónimo Martins has reported preliminary sales growth of 11.5% to E10.9bn (£9.06bn) for the full year to December 31, 2012.Like-for-like sales increased ahead of the market, despite a difficult year in Portugal and a slowdown in the Polish economy.In Poland, Jerónimo Martins-owned Biedronka posted sales growth of 18% in local ...
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OpinionComment: Morrisons puts focus on quality and service
Morrisons’ festive trading figures were a bit gloomy. The grocer suffered a limp end to 2012 amid heightened competition from all flanks.
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NewsHobbs posts 16% Christmas sales rise
Hobbs has reported a strong Christmas with total sales up 16.4% over the festive period.
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NewsTheo Paphitis's retail group delivers strong Christmas performance
Sales across Dragons’ Den entrepreneur Theo Paphitis’s retail group surged over Christmas and recently acquired Robert Dyas reported 14.7% like-for-like growth.
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NewsMoss Bros improves profit expectations after robust Christmas
Moss Bros has reported a 2.7% increase in like-for-like sales in the first half and forecast its full-year performance will exceed expectations after a strong Christmas.