Articles tagged forecast

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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Retail News - Samsung reveals second quarter performance

Lee Sang-hoon, Samsung Electronics chief financial officer revealed the companies performance for the second quarter on Wednesday.

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Retail News - Diesel owner cuts guidance for fiscal year and launches strategic review of business

Diesel’s parent company Pacific Brands this week slashed its full year guidance and flagged a strategic review to streamline its business.

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