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Macy's earnings per share rise for 15th consecutive year Monday, 20th May 2013
Macy’s Inc. is keeping the pressure on to emulate rising sales figures after its earnings per share rose for the 15th consecutive year. According to WWD, Macy’s first quarter results show that they achieved a 13th straight quarterly comp gain of at least 3 per cent and sales have rose by more than USD 1 billion in each of the last three years.
Asda report first quartely profits Thursday, 16th May 2013
Price reductions and online offerings have boosted Asda’s underlying sales by 1.3 per cent in the first quarter, Reuters reports. The supermarket chain, which is owned by American retail giants Wal-Mart, said on Thursday that excluding fuel and VAT, sales at shops open over a year have seen a 1.3 per cent rise in the 14 weeks to April 12.
Chilly weather has cost Travis Perkins Group poor first quarter revenues Thursday, 16th May 2013
The Travis Perkins Group have reported a weak first quarter revenue, as it’s believed the chilly start to the year has affected the construction industry. The builders’ merchant, which is comprised of leading brand Wickes amongst others, saw revenue for the four months to April 30th fall 1.2 per cent from last year.
Ocado's shares fall 8 per cent amid potential contract dispute with Waitrose Monday, 13th May 2013
Ocado, the grocery delivery service, saw its shares drop 8 per cent amid a potential breach of contract with main clients Waitrose, The Guardian reported Monday. Waitrose lawyers remain concerned about Ocado’s proposed deal to set Morrisons up with their own online delivery service, fearing a conflict of interests.
ECB announce Waitrose as new sponsor for England cricket team Friday, 10th May 2013
The England and Wales Cricket Board (ECB) have announced that supermarket chain Waitrose, will become the new shirt sponsor for the England cricket team from 2014. The Waitrose sponsor will replace the current Brit Insurance logo, which features on England match and training gear.
Morrisons shares fall as sales continue to struggle Thursday, 9th May 2013
The UK’s fourth biggest grocer, Morrisons, crashed in the stock market today as it continues to fall behind its competitors. The 1.8 per cent slump was an improvement from its 4.1 per cent performance in the last quarter, however, shares fell 8.2p to 288.2p, making them the worst performers in the FTSE 100 index.
Sony see annual profits for the first time in five years Thursday, 9th May 2013
Sony have announced a return to annual profit for the first time in five years, the Telegraph reported today. The struggling electronic retailer recorded earnings of YEN 43.03 billion (GBP 280.5 million), reversing a staggering YEN 456.66 billion loss a year previous. Sales too over the time frame increased by 4.7pc on the year to YEN 6.8 trillion.
Foot Locker look to expand its European business by buying German footwear chain Thursday, 9th May 2013
Foot locker Inc. has agreed to buy German footwear chain, Runners Point Warenhandels for EUR 72 million, it emerged on Wednesday. Foot Locker chief executive, Ken C. Hicks, said of the acquisition: “We are excited to be adding Runners Point, a fast growing, multi-format and multi-channel business, to our already-strong European operations.
M & S new 900,000 sq ft warehouse will help improve online sales Thursday, 9th May 2013
Marks & Spencer have opened a 900,000 sq ft warehouse in Castle Donington in a bid to improve its online trading. The clothing and homeware retailer currently only sells 15 per cent of its products online, 20 per cent less than major rival Next. The new facilities will mean the retailer will be able to deal with 1m orders a day, compared with a few hundred currently.
Clintons 'performing better than expected' Tuesday, 7th May 2013
Dominique Schurman, chief executive of Clintons, has inferred a boost in sales ahead of its full year report on Thursday. In an interview with The Times on Monday, Schurman revealed the chain’s new image – which includes a name change from Clinton Cards to Clintons, and the new red signage, replacing the old orange-and-white – had contributed to a 10-15 per cent increase in sales in revamped stores.