Articles tagged forecast

Retail News - Asos posts 10% drop in H1 profit

Online-only fashion giant Asos on Wednesday posted a 10 per cent drop in first half profit, attributed to investments and lower pricings for its product.

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Retail News - Lowered forecasts for Morrisons

Analysts at Goldman Sachs decided to lower their forecasted margins for Morrisons yesterday, and downgraded the retailer to “neutral” from “buy”.

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Retail News - Next FY profit up 12.5%

Next has once again shrugged off any signs of a tricky trading environment, posting a 12.5 per cent rise in annual profit on Thursday morning.

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Retail News - On the up: UK growth forecast improves for next two years

The growth forecast for British GDP has improved, thanks to growth that far outperformed predictions in the household services and consumption sector.

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Retail News - Macy’s misses estimates as it plots expansion

Macy’s Inc., owner of both its eponymous chain of department stores and Bloomingdales, on Tuesday posted a weaker-than-expected rise in sales over the holiday period.

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Retail News - Primark sales on track for 16% rise y-o-y

Sales at Primark are set to come in 16 per cent higher than last year according to a pre close period trading update from parent company Associated British Foods plc.

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Retail News - Disappointing results from Groupon

First-quarter results from Groupon failed to live up to the predictions of Wall Street, as the firm revealed flailing profit growth despite efforts to improve sales.

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The World Bank defied general consensus last night by announcing new forecasts for the UK and US economies, which it believes are set to grow strongly in the new year.

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Retail News - August retail sales in Australia fall flat

Australian shoppers stayed at home in August, a study from the Australian Bureau of Statistics that was released on Wednesday showed.

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Retail News - Macy’s Q2 performance not enough to offset weak start to the year

US department store group Macy’s Inc. on Wednesday announced it had cut its full-year same-store sales, stating that a 3.3 per cent rise in second-quarter sales would not offset weakness from the first quarter.

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