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Articles about profit

House of Frasers sales rise by 53% Thursday, 23rd May 2013

House of Frasers sales rise by 53%

House of Fraser reached a 3.3 per cent increase in sales due to online performance which pushed the sales to total of £1.2 billion in turnover.

Posted by Ushma Patel

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Marks & Spencer posts another fall in profits Tuesday, 21st May 2013

Marks & Spencer posts another fall in profits
Photo credit: Marks & Spencer plc

The department store group on Tuesday reported pre-tax profits fell to £564.3 million in the year to 30 March, down from £658 million the year before. Despite group sales rising 1.3 per cent to £10 billion, Marks & Spencer’s general merchandise lines continued to struggle, falling 4.1 per cent year-on-year and dragging down the performance of the business as a whole.

Posted by Ava Szajna

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Nordstrom receives lower than expected sales and profit 1Q Friday, 17th May 2013

Nordstrom receives lower than expected sales and profit 1Q

Nordstrom Inc reported that its sales and profit dropped more than expected in the first quarter due to weak business in early winter, while shares reduced to 3.9 per cent after trading.

Posted by Ushma Patel

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Fashion sales back in vogue for John Lewis Friday, 17th May 2013

Fashion sales back in vogue for John Lewis
Photo credit: John Lewis plc

Despite tough comparisons across the business, John Lewis’ fashion sales rose 4.8 per cent in the week to 11 May, as the warm weather spurred on clothing lines. A warm bank holiday weekend brought a sharp drop in footfall for John Lewis in the seven days to 11 May, with total sales falling to -0.2 per cent year-on-year.

Posted by Ava Szajna

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Hard work “paying off” as Dixons' Q4 sales rise 13% Thursday, 16th May 2013

Hard work “paying off” as Dixons' Q4 sales rise 13%
Photo credit: Dixons Retail

Dixons Retail on Thursday reported like-for-like sales in its final quarter rose 13 per cent in the UK and Ireland, as strong demand for tablet computers continued. The electrical goods retailer, which also operates Currys, PC World and Dixons Travel, is now expecting year profit to come in at the top end of market expectations.

Posted by Ava Szajna

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Boots’ full-year EBITDA up 4.5% Wednesday, 15th May 2013

Boots’ full-year EBITDA up 4.5%

Alliance Boots has reported a rise of 4.5 per cent to £1.5 million in full year EBITDA, describing it as a 'transformational' year for the retailer.

Posted by Ushma Patel

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Net profit up 103% as Ferragamo goes from strength to strength Tuesday, 14th May 2013

Net profit up 103% as Ferragamo goes from strength to strength
Photo credit: Ferragamo

Salvatore Ferragamo Autumn/Winer 2012 campaign. Luxury Italian fashion house Salvatore Ferragamo revealed a 103 per cent growth in net profit for its first quarter of 2013 to EUR 24 million, compared to the same period a year before. The Florentine company reported a 9 per cent rise in turnover for the quarter to EUR 282 million, and a 29 per cent increase in EBITDA to EUR 39 million.

Posted by Ava Szajna

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Rapid Hardware store at Liverpool reopens and re-employs staff after administration Thursday, 9th May 2013

Rapid Hardware store at Liverpool reopens and re-employs staff after administration

After administrators were called in and around 100 employees were redundant Rapid Hardware store had closed in February.

Posted by Ushma Patel

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Marks & Spencer snaps up senior executive from Next & Next reports rise in 1Q Thursday, 9th May 2013

Marks & Spencer snaps up senior executive from Next & Next reports rise in 1Q

Marks & Spencers, Britain's largest clothing retailer has hired a senior executive from Next for its lingerie and beauty.

Posted by Ushma Patel

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E-commerce giants Alibaba see profits triple from last year Wednesday, 8th May 2013

E-commerce giants Alibaba see profits triple from last year
Photo Credit: Alababa

China’s biggest e-commerce group, Alibaba, has seen its net profits almost tripled according to regulatory filing by Yahoo. In the three months through December, net profits rose from USD 642m (GBP 415m), 80 per cent higher than the previous year. Yahoo currently has a 24 per cent stake in the company after the Chinese group bought back some of its shares last year.

Posted by Joe Stearn

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