All Financial results articles – Page 180
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NewsClarks profits hit by rising costs and promotions
Pre-tax profit at footwear giant Clarks dipped 2.4% for the year to January 31 due to a combination of high cost pressures and a rise in promotional activity.
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AnalysisCostco’s caution pays off in ‘fragile’ environment
US-based Costco’s third-quarter earnings registered slightly above its expectations.
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AnalysisProfile: Jon Kamaluddin, international director, Asos
As Asos continues to build its overseas business to drive sales, its international director relishes the challenges of global growth.
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AnalysisAnalysis: Simon Calver promises to restore Mothercare's fortunes
New chief executive Simon Calver explains how a focus on ‘basic retail’ will restore Mothercare to health.
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NewsAsos adjusts prices to keep shoppers on side
Asos is sharpening its UK prices to attract young, hard-hit shoppers.
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News
Co-operative Eroski reports net loss
Co-operative Eroski has reported a net loss of E36m (£28.8m), a 44% improvement on the loss of E64.6m (£51.6m) the previous year. The retailer has now made a loss for four consecutive years as it continues to be hit by high level of debt and a weak economic environment. It ...
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NewsMonsoon to overhaul top team as senior bosses exit
Fashion retailer also reviews costs and store portfolio to adapt to difficult market.
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OpinionAsos: The online giant continues to reward investors
As the recriminations continue following Facebook’s botched IPO, there is one online business that carries on rewarding investors – Asos.
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News
Target reveals net earnings increase
Mass merchandiser Target revealed that net earnings for the first quarter of 2012 rose 11.5% to $697m (£441.5m) year on year. Sales increased 6.1% from $15.6bn (£9.88bn) to $16.5bn (£10.45bn) due to a 5.3% rise in like-for-like sales and the contribution from new stores. EBIT was $1.12bn (£709.4m), an uplift ...
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News
JC Penney records drop in sales
Department store operator JC Penney recorded a larger-than-expected drop in sales for the first quarter.The retailer, which aims to establish itself as an affordable fashion-orientated business by moving away from promotions and couponing to low prices on most items, also surprised investors by ending its dividend to help fund a ...
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OpinionM&S is keeping pace, but it’s time to start setting it
There was a workmanlike feel to Marks & Spencer’s results this week.
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AnalysisWalmart prospers in US but stuggles with digital
Recording its third consecutive quarter of positive comps growth, it appears Walmart has finally found momentum in the US by going back to basics Walmart US reported a 2.6% rise in first-quarter like-for-like sales, excluding fuel, last week.
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NewsSales soar at The Entertainer as sector rivals close down
Specialist toy retailer The Entertainer posted a surge in sales in its first quarter as it filled the gap left by closed Woolworths, Early Learning Centre and Hawkin’s Bazaar stores.
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AnalysisIn the news: Stefano Pessina, executive chairman, Alliance Boots profiled
As Alliance Boots defies the difficult economic climate, its executive chairman shrugs off criticism of its tax affairs.
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NewsSignet UK sales nudge up
Signet’s UK like-for-like sales edged up for the first quarter of 2012.
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OpinionNick Bubb's verdict: Mothercare - can a new broom sweep clean?
New chief executives of troubled companies always enjoy a brief honeymoon period, when they can enthusiastically set out their “three year turnaround plan” and implicitly rubbish everything their predecessors have done.
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NewsCalver: ''Give me three years to turn around Mothercare"
New Mothercare boss Simon Calver said it will take three years to turn around the troubled maternity specialist’s core UK business, which plunged into the red last year.
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NewsHoF drives online investment as ecommerce sales grow
House of Fraser is “investing heavily” in online operations and has switched one of its distribution centres to online-only fulfilment as multichannel grows.
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OpinionTesco boss Clarke declines bonus
Tesco boss Philip Clarke set a good example to other company chiefs when he declined to take his bonus in the wake of the Christmas profit warning.
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NewsAsda predicts consumers will stick to tight budgets
Asda chiefs believe the consumer mindset has irreversibly changed and the habit of very tight budgeting is here to stay.