All Financial results articles – Page 174
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NewsFull-year sales surge 17% at Primark
Sales at value fashion giant Primark are expected to have risen 17% in the financial year about to end, parent Associated British Foods disclosed.
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OpinionComment: Sports Direct proves it’s still on a winning track
Sports Direct this week proved itself once again to be a retail gold medallist.
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OpinionComment: The UK still offers investment opportunities
The UK and its retail industry still tick the boxes for investment opportunities.
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NewsAnalysis: Robert Dyas looks for growth and efficiencies under new owner
The hardware retailer has a new owner and is now debt free but profit margins need to improve.
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AnalysisInternational analysis: Carrefour reveals plan of action after poor first half
French grocery giant Carrefour has posted disappointing results for the first half of the year, mostly because of difficult conditions in the austerity-hit countries of southern Europe.
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OpinionComment: Morrisons - playing the right cards?
It was interesting to hear Dixons’ chief executive Seb James say today that successful multichannel electrical retailing is like playing a three-card-trick.
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Harvey Norman reports net profit decrease
Consumer electronics specialist Harvey Norman described its year to June 30 as one of its most difficult.The retailer reported a 32% fall in net profit to AUD172.5m (£111.3m) compared with the previous year. The drop was blamed on soft consumer sentiment and discounting.Chief executive Gerry Harvey was more positive about ...
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OpinionComment: Light at end of tunnel for Argos
Structural issues are often blamed for Argos’ declining sales.
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AnalysisAnalysis: How can retailers raise brand awareness?
It’s no longer all about price – retailers must entice customers through an accessible, engaging brand. Rebecca Thomson finds out why retail is becoming more brand aware.
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NewsBRC calls for business rates to be frozen in 2013
The British Retail Consortium (BRC) is urging the Government to freeze business rates next year as retailers brace themselves for another crippling increase.
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NewsThe Works reports strong sales growth
Discount bookseller The Works has continued the strong performance it notched up in the second half of last year with “positive” like-for-likes since year end.
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Woolworths reports group turnover growth
Food and clothing retailer Woolworths reported group turnover growth of 11.8% to ZAR28.6bn (£2.15bn) for its financial year ended June 24. Operating profit was up 26.6% to ZAR2.7bn (£203.2m), and profit after tax increased by 25% to ZAR2.1bn (£158m).At Woolworths’ African food and clothing operations, total sales increased by 11.6% ...
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Net income plunges at Best Buy
Consumer electronics specialist Best Buy’s net income plunged 91% to $12m (£7.6m) for the three months ended August 4.That compares with $150m (£94.8m) in the same period a year earlier. Second-quarter adjusted operating profit fell 52% to $124m (£78.3m), hit by restructuring including store closures and job cuts.Total revenue fell ...
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OpinionComment: Morrisons must reassure City
After the summer lull, the flow of trading statements begins again and the runes will be read ahead of the fast-approaching golden quarter.
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NewsCo-op boss criticises rivals’ ethical stance
Co-operative Group chief executive Peter Marks accused his grocery rivals of “jumping on the bandwagon” of ethical retailing as he reported a slide in first-half sales and profits.
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OpinionComment: M&S multichannel store is last hurrah of space race
Renewed speculation of a takeover bid for Marks & Spencer has been inevitable since it reported its worst trading performance in three years last month.
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Grocer Delhaize posts sales growth
Grocer Delhaize posted sales of e11.17bn (£8.84bn) for the first half of 2012, representing growth of 10.1% compared with the same period the previous year. Operating profit was e207m (£163.8m), down 51.5%.In the US, revenues fell 2.2% to $9.35bn ($5.91bn). Excluding the 126 stores closed in February, sales increased 0.5%.In ...
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Grocery retailer Ahold reports sales increase
Dutch grocery retailer Ahold’s sales increased 8% to e17.4bn (£13.76bn) in the first half of 2012.At constant exchange rates, that was a rise of 2.8% compared with the same period last year. Operating income was e724m (£572.8m), up 3.2%.Chief executive Dick Boer said: “We expect market conditions to remain difficult.”
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NewsCountrywide profits fall despite sales boost
Profits at rural specialist Countrywide fell last year despite a jump in sales.
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Target reports second-quarter sales increase
Target’s second-quarter sales rose 3.5% to $16.5bn (£10.51bn). Like-for-like sales were up 3.1% on top of a 3.9% gain a year ago. Net earnings remained flat at $704m (£448.6m).During the quarter, Target added eight new stores, including its first three CityTarget stores. The retailer’s REDcard loyalty scheme penetration reached 12.8% ...