All Financial results articles – Page 176
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NewsCo-op refinancing may lead to acquisition
The Co-operative Food could acquire a smaller operator after the retailer secured a refinancing of almost £1bn this week.
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NewsNext powers ahead in online fulfilment war
Next’s compelling delivery options powered growth at its Directory arm in the first half, as fulfilment increasingly becomes a critical battleground in the fight for online spend.
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LVMH’s Selective Retailing division reports organic sales growth
Luxury group LVMH’s Selective Retailing division reported organic sales growth over the first half-year of 16% to E3.6bn (£2.81bn), while profit soared by 30% to E373m (£191.1m). The retailer said it benefited from sustained growth in Asia and North America.The group will open three concessions at Hong Kong airport by ...
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Coles releases full-year results
Coles released its full-year results for the 12 months ended June 30. Headline food and liquor sales of Aus$26.2bn (£17.51bn) were 4.6% above 2011, while like-for-like sales increased 3.7%.That was a better performance than rival Woolworths, which posted a full-year Australian food and liquor sales increase of 3.8%.
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OpinionComment: Reducing store portfolio may challenge retailers
Many retailers have recognised the power of ecommerce to drive sales and offer a compelling and convenient way for their customers to shop.
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AnalysisNext: What the analysts say
Retail Week rounds up how analysts have reacted to Next’s strong growth in the first half of the year, with the fashion retailer reporting total sales up 4.5% for the six months to July 28.
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NewsNext raises profit target after strong online growth
Next has raised its profits forecast for its second half after strong growth in its Directory business in the first half.
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Fnac reports sales decrease
Fnac, PPR’s books, music and electronics business, reported sales were down 1.1% for the first six months of this year to E1.77bn (£1.38bn). Like-for-like sales fell 1% and the retailer recorded an operating loss of E7.5m (£5.8m) compared with an operating profit of E6.7m (£5.2m) for the same period last ...
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NewsGames Workshop reports hike in profits
Fantasy board game specialist Games Workshop has bucked the economic gloom to report a rise in pre-tax profit from £15.3m to £19.5m for the 53 weeks to June 3.
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NewsProfits double at upmarket frozen food retailer Cook
Family-owned frozen food retailer Cook has defied the economic gloom to post a 101% rise in pre-tax profits to £1.3m in the year to March 2012.
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NewsHarrods profits soar 15% despite economic woes
Famous department store Harrods achieved a 15% uplift in profit last year as it defied the economic gloom.
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OpinionComment: The Olympics are a time to be positive
People love to moan, about the Olympics or retail, but the right attitude is key.
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AnalysisLidl improvements drive Schwarz Group growth
German grocer Schwarz Group, operator of Lidl discount stores and Kaufland hypermarkets and superstores, increased sales by 6% to E63.4bn (£49.5bn) in the financial year to February 29.
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NewsGrocers’ c-store sales set to rocket
The convenience grocery market is set to balloon as consumers shop more frequently and collect online orders in store.
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NewsShop Direct earnings soar as new brands outperform
Tight stock control and efficient management of customer credit boost home shopping giant.
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OpinionComment: Olympics should provide welcome boost to sentiment
As the Olympic Games get under way, perhaps the best that retailers should hope for from the sports spectacular is a boost to shopper sentiment.
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NewsAnalysis: Jacques Vert Group - Merger creates new strategy
The newly created group has a busy year ahead as it bids for share of its specialist market.
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NewsHobbycraft to drive multichannel as profits rise
Arts and crafts specialist Hobbycraft is to ramp up its multichannel offer.
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Grocer Woolworths reveals full-year sales growth
Grocer Woolworths revealed that full-year sales from continuing operations rose 4.8% to A$55.13bn (£36.4bn) in the 12 months to June 24.The continued roll-out of Woolworths’ new 2015 store format, with a focus on value and innovations in fresh food, contributed to the rise.The retailer opened 38 Australian supermarkets during the ...