All Financial results articles – Page 50
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NewsMorrisons profits fall as Covid costs bite
Morrisons has suffered a drop in profits during its first half as it absorbed costs associated with weathering the coronavirus pandemic.
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NewsBoden profits fall amid major investments in online and fulfillment
Boden reported a drop in profits for 2019, as it invested more in its online offerings and fulfilment capabilities, with a particular focus on the US.
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NewsTravis Perkins profits fall following store closures
Travis Perkins has announced a decline in both profits and revenues after closing 165 stores in June, but the retailer remains adamant it is now on the path to recovery.
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NewsJD Sports half-year profits slide as online sales costs mount
JD Sports has delivered a fall in pre-tax profit at the half-year mark despite a minimal sales decline due to steep costs associated with fulfilling its online orders.
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NewsHalfords records sales acceleration but warns of ‘significant uncertainty’
Halfords has posted a surge in sales during the pandemic period driven by a spike in demand which has seen both its cycling and motoring divisions deliver growth.
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NewsPrimark boss: Practical approach to Covid constraints has spurred stores’ success
Primark’s strong shopkeeping skills helped draw customers to its stores despite the tough conditions afflicting many retail locations following the coronavirus outbreak.
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NewsPrimark profits to hit top end of range after strong trading resumes
Primark owner Associated British Foods (ABF) said the retailer’s profits are expected to be at the top of its revised range after a strong resumption of trading following lockdown.
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NewsEve Sleep raises full-year expectations as lockdown spurs sales
Direct-to-consumer mattress brand Eve Sleep has raised its expectations for the full year, after successive months of growth.
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NewsLego set to open 120 new stores amid lockdown sales surge
Lego has announced plans to open 120 new stores this year, following a leap in the number of adults using the building kits during lockdown.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.
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NewsThe Works swings to loss amid ‘significant’ coronavirus impact
The Works has swung to a pre-tax loss following the “significant impact” of the coronavirus crisis.
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NewsStudio Retail profits grow as it anticipates ‘strong’ Christmas trading
Online value retailer Studio has reported positive full-year results, which have since been strengthened by trading throughout the last 20 weeks.
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NewsEstée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.
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NewsAlibaba profits surge as customer numbers jump during lockdown
Alibaba has smashed quarterly profit predictions as online sales surged during lockdown and demand for its cloud computing services soared.
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NewsGlobal Fashion Group breaks even as online shift boosts sales
Global Fashion Group recorded its second quarter of growth this year, as the ecommerce shift in fashion and lifestyle shopping “continues to accelerate”.
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NewsAO.com reports ‘strong’ sales growth ahead of AGM
Pureplay electronics retailers AO.com has reported “strong year-on-year revenue growth” in the UK and Germany ahead of its annual general meeting today.
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NewsFrasers Group blames profit slump on Brexit and coronavirus
Mike Ashley’s Frasers Group reported a slump in profits that it blamed on a prolonged period of Brexit uncertainty followed immediately by the coronavirus crisis.
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NewsFenwick full-year losses widen as pre-pandemic sales slide
Fenwick has suffered widening losses and falling sales in a what is described as an “extremely challenging” year, Retail Week can reveal.
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NewsAsda eyes ecommerce expansion as online sales double
Asda has said it plans to expand its online delivery capacity to 1 million slots a week by next year after seeing online sales double in its second quarter.
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NewsSosandar remains in the red despite soaring sales
Sosandar reported another loss last year despite a jump in sales, with co-chief executives Ali Hall and Julie Lavington “cautiously optimistic” about the brand’s future.