All Financial results articles – Page 194
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OpinionRetail excellence will make all the difference
The 0.6% like-for-like sales decline recorded by the BRC this week was reassuringly not too bad.
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NewsFranchises to guide Thorntons’ future
Thorntons wants to maintain a presence in locations where it shuts its company-owned stores via franchise partnerships.
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NewsSales slide at Argos
Argos suffered another big sales decline in its second quarter, but the retailer is confident that consumers will spend this Christmas.
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NewsSports Direct profits dip
Sports Direct gross profits suffered a dip after sales remained flat.
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NewsThorntons pre-tax profit dips after impairment charges
Thorntons has reported a dip in pre-tax profit but the chocolatier remains confident its turnaround plan will create a revitalised business.
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NewsLike-for-likes slide 7% at Dixons
Electricals group Dixons, owner of Currys and PC World, has posted a 7% fall in group like-for-like sales but will meet full-year profit expectations
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NewsTopps’ tumble spells trouble for sector
Analysts warned that Topps Tiles’ profit warning last week could signal weak trading for the wider home-related retail sector.
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NewsMorrisons downgraded despite outperforming
Broker Oriel has downgraded Morrisons ahead of the grocer’s interims next Thursday.
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NewsTrading fears as festive countdown kicks off
Retailers cautiously optimistic for Christmas sales, but deep fears about the run-up persist.
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Opinion
Time to make a judgement call
Two of the retailers most mauled by the bears update next week, electricals group Dixons and Argos owner Home Retail.
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News
Analysts confident the only way is up for retail shares
Analysts believe store stocks are unlikely to crash further, despite big-name retail shares plunging last week, when specialist Topps Tiles also issued a profit warning.
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NewsMorrisons’ sales outpace rivals
Morrisons’ strong promotional stance has enabled it to increase sales faster than its rivals, according to Nomura analyst Nick Coulter.
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NewsCo-op profits and sales hit by tough climate
The Co-operative Group has suffered a fall in first-half profits and sales in retail conditions described by chief executive Peter Marks as “the worst I have seen in over 40 years”.
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NewsStrong value proposition drives full-year profit at Fragrance Shop
The Fragrance Shop has reported that operating profit rose by 37.8% in its full year, driven by its strong value proposition.
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NewsWHSmith full year to be in line with expectations
WHSmith said that it expects full year figures to be in line with market expectations.
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NewsCustomers recognise our quality is improving, says Asda’s Clarke
Asda chief executive Andy Clarke is confident that the grocer’s efforts on quality are being recognised by customers, despite the tough climate taking a toll on its growth.
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NewsWilkinson profits hit by rising costs, VAT hike and exchange rates
Wilkinson pre-tax profits fell from £65m to £61m in the year to January 28 as the value retailer was hit by rising commodity prices, the increase in VAT and fluctuating exchange rates.
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NewsResilient retail stocks flagged up as stock markets plunge
Plunging stock markets have created buying opportunities among retailers and prompted brokers to seek out resilient stocks.
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NewsFindel turnaround gathers steam with sales rise
Home shopping group Findel reported an encouraging start to its turnaround as group sales rose 1.1% year-on-year.
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OpinionCrisis of confidence continues
Although the BRC was able to report “modest” retail sales growth in July, there was little for store chiefs’ comfort in the latest data.