All Financial results articles – Page 171
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OpinionComment: Amazon and Asos are not kindred spirits
Ahead of etailer Asos’ results there was speculation that the online fashion specialist was being eyed as a possible takeover target by Amazon.
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NewsArgos to leave catalogue heritage behind
General merchandise giant Argos is to move decisively away from its catalogue heritage as it bids to reinvent itself as a “digital retail leader”.
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NewsBooths profits hit by 'intense' grocery competition
Upmarket grocer Booths has reported a fall in pre-tax profits after depressed consumer spending and “intense” competition in grocery took a toll.
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News
Grocer Safeway posts net income decrease
Grocer Safeway posted net income from continuing operations for the third quarter ended September 8 of $108m (£67.2m) compared with $130.3m (£81m) in the same period last year.Total sales and other revenue, including US and Canadian operations, were flat at $10bn (£6.22bn).Higher fuel revenues helped counter lower sales due to ...
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News
Costco reports net income increase
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
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NewsBinnie made Jaeger executive chairman as Tillman exits
Stewart Binnie aims to restore the retailer’s international business and Japan is top of his list
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AnalysisInternational analysis: Small stores and digital key to Carrefour’s future
Last week, the world’s second largest retailer, Carrefour, posted its third-quarter results.
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AnalysisAnalysis: Iceland’s bullish boss holds the grocer steady
Despite a tough six months, Iceland founder Malcolm Walker insists the frozen food retailer can excel and explains why staff should think of him as Father Christmas.
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AnalysisAnalysis: Homewares retailers move with the times
The homewares and furniture sector has faced trying times, and difficult trading conditions have hit retailers unprepared for change. Anna Richardson Taylor speaks to those who see opportunities for innovation and growth.
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News
Grupo Pão de Açúcar posts sales growth
Casino’s Brazilian operation Grupo Pão de Açúcar posted sales growth of 8.7%, or 7.1% in like-for-like terms, to BRL13.7bn (£4.17bn) for the third quarter of 2012.According to the retailer, it was mainly because of the strong performance of the Assai, Minimercado Extra and Ponto Frio banners.
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NewsRetailers hope for record Halloween sales
Retailers are hoping for another record Halloween following last year’s £300m sales bonanza.
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News
Fast Retailing reports net income increase
Fast Retailing posted a 31.8% increase in net income for the year ended August 31.The clothing retailer revealed that group net profit surged to ¥71.65bn (£568.6m) compared with ¥54.35bn (£431.3m) the previous year.Sales rose 13% to ¥928.67bn (£7.37bn) from ¥820.35bn (£6.51bn). Operating profit increased 8.7% to ¥126.4bn (£1bn) from ¥116.37bn ...
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OpinionComment: Encouraging trends reported at N Brown
Andy Higginson will have been pretty pleased with his first set of figures as chairman of home shopping group N Brown.
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News
X5 Retail Group reports net retail sales increase
X5 Retail Group reported a consolidated net retail sales increase of 10.4% to RUB115.88bn (£2.33bn) in its third quarter.The increase was driven by sales growth at Pyaterochka and to a lesser extent by store growth at its supermarkets and promotions.X5’s like-for-like sales in quarter three declined by 0.7%, driven by ...
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NewsRicher Sounds fortunes improve as profits rise
Richer Sounds has turned around its fortunes to report an increase in full-year profits.
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NewsN Brown optimistic about revenue growth despite profit fall
N Brown is positive about revenue growth driven by brands and online sales despite pre-tax profit slipping in the first half.
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NewsLike-for-likes inch up at Carpetright
Carpet and floor coverings specialist Carpetright’s like-for-likes edged up 0.6% in its second quarter.
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NewsThe Original Factory Shop posts 30% profit rise in first half
Value department store chain The Original Factory Shop has posted a 30% rise in pre-tax profit in its first half.
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NewsLike-for-likes slip at Wickes
Travis Perkins’ retail division, which largely comprises Wickes, posted a 7% slump in like-for-likes for the third quarter to September 30 as trade was disrupted by the Olympics and wet weather.
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NewsZara's UK profits soar
Fashion chain Zara’s UK pre-tax profits soared 22% to £19.3m in its year to January 31 as it prepares to open its UK flagship store.