All Financial results articles – Page 195
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NewsFall in store numbers reflects high street woes
Store numbers fell for the first time in three years in the second quarter.
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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 ...
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Big C reports second-quarter sales increase
Casino’s subsidiary Big C reported second-quarter sales up by 5% to THB27.75bn (£563m) year on year.The hypermarket operator’s net profit rose 27% to THB1.4bn (£28m) thanks to strong growth in rental and service incomes.Big C is still feeling the effect of last year’s floods, which forced it to shut some ...
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AnalysisAnalysis: Putting the wow into Marks & Spencer’s womenswear
New fashion chiefs John Dixon and Belinda Earl will need to do more than stock more sleeved dresses.
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NewsComet: Asserting itself in electricals market
The electricals retailer is emphasising its value proposition to reassert itself in the market.
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OpinionComment: M&S must be braver than ever
The repositioning of the food offer worked. Fashion must follow suit.
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AnalysisCarrefour must focus on most dynamic markets
Carrefour’s second-quarter results remained in line with the first quarter as the retailer posted turnover down by 0.4% to j21.71bn (£17.03bn), excluding petrol and at constant exchange rates.
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OpinionThe pound stores look quids in for growth
The addition of industry veteran Andrew Higginson to the board of Poundland and Monday’s news that 99p Stores has posted an uplift in profits is further evidence of the maturing status of the single-price sector.
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OpinionComment: City cautious of Marks & Spencer appointments
The fall in Marks & Spencer’s share price following last week’s update and AGM shows that the retailer has some way to go to convince the City that it is on track.
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NewsPrimark lifted by German expansion
Value fashion retailer Primark’s expanding German business is ex-pected to drive “significant growth” after its most successful store opening ever in Berlin last week.
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Grocery giant Leclerc posts first half-year sales
Grocery giant Leclerc reported first half-year sales in its domestic market up 8.3% to j15.21bn (£11.93bn), excluding fuel.Total sales for the first half increased by 8.1% to j20.47bn (£16.06bn), including fuel. Company president Michel-Édouard Leclerc said the results showed a consolidation of its “low-price positioning, which is not only a ...
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AnalysisRetail Week on the Road: North East and Yorkshire
We visit Stockton-on-Tees, Middlesbrough, Doncaster, Harrogate and Leeds.
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NewsSales rise at Primark despite bad weather
Value fashion powerhouse Primark has posted a 16% sales surge despite bad weather leading to volatile trading.
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NewsAsos sales jump due to price cuts and rain
Asos UK sales have bounced back as the online fashion giant’s price cuts paid off and the wet weather drove people online.
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OpinionComment: Asos connects with success
The fortunes of online fashion group Asos were in stark contrast to those of Marks & Spencer over the same period.
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NewsBrightHouse bolsters team for online push
Rent-to-own electricals and furniture retailer BrightHouse has appointed a new marketing boss and is on the hunt for its first head of ecommerce as it ramps up its online offer.
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OpinionBostock exit opens way for fresh focus on style at M&S
After months of damaging speculation, Marks & Spencer has finally disclosed that general merchandise boss Kate Bostock is to leave the business.
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NewsThorntons in talks to reopen concessions in Clintons
Thorntons is negotiating with Clinton Cards’ new management to reopen concessions in the latter’s stores.
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NewsMarks & Spencer fashion chief Bostock stands down
Kate Bostock, Marks & Spencer’s clothing supremo, has sensationally stepped down “by mutual consent” with the retailer after clothing sales went into tailspin.