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Articles about profit
JD Sports prepares for “substantial” loss for Blacks and Millets Wednesday, 19th June 2013
Photo credit: Blacks Outdoor Retail Ltd
JD Sports Fashion on Wednesday revealed its outdoor categories are set for another “substantial” loss, as a return to profitability remains a “work in progress”. The sporting goods retailer today warned its outdoor division, which made a loss of £14.9 million in its last financial year to February, had to sacrifice margins in order to achieve a positive like-for-like sales figure.
Posted in fashion, Retail Industry, Sporting Goods Tagged blacks, jd sports, leisure, sports, retail, millets, profit, sales, annual, results, margin
Darty posts 66% drop in full year profit Wednesday, 19th June 2013
Europe’s third largest electrical goods retailer on Wednesday revealed a 66 per cent drop in year profit, as unfavourable economic conditions across the Eurozone continued to impact the firm’s performance.
Posted in Electricals, Retail Industry Tagged darty, electricals, profit, annual, europe, eurozone, retail, results
Safeway’s Canadian assets acquired by grocery chain Sobeys in $5.7bn deal Thursday, 13th June 2013
Empire Co Ltd, operator of Canadian supermarket group Sobeys, is set to acquire Safeway Inc’s Canadian assets for USD 5.7 billion, in a deal that will see the buyer nearly double its reach in the country’s western regions.
Posted in Deals and Takeovers, Food, Retail Industry Tagged safeway, sobeys, food, grocer, supermarket, profit, sales
Home Retail Group posts boost in like-for-like Q1 sales Thursday, 13th June 2013
Home Retail Group, the UK’s biggest home and general merchandise retailer, on Thursday revealed a boost in like-for-like sales, as both its Argos and Homebase brands saw positive growth in the first quarter.
Posted in Electricals, Home & DIY News, Retail Industry Tagged home, retail, group, argos, homebase, sales, consumer, profit, quarter, diy, electricals
Europe's fashion giants post weak sales while Inditex SA outperforms Wednesday, 12th June 2013
Slow sales were reported by Europe's fast-fashion giants like H&M that showed sales with VAT amount to SEK 36.9 billion falling 0.06 per cent for second quarter in comparison to last year.
Posted in fashion, Fashion News, Luxury Goods, Online retail, Retail Industry Tagged retail and consumer industry, retail news, fashion news, sales, profit, brand, luxury, H&M
J.C. Penny opens apparel design center at New York Wednesday, 12th June 2013
After cloudy moments at J.C. Penny last year, Mangone, CEO of the business found the device he was seeking for.
Posted in fashion, Fashion News, Luxury Goods, Online retail, Retail Industry Tagged retail news, fashion news, sales, luxury, J.C. Penny, brand, profit, launch, retail and consumer industry
Whole Foods Market's founder calls the board ahead of UK expansion Tuesday, 11th June 2013
John Mackey, Whole Foods Market's founder, bought the board to London before deciding on the major UK expansion.
Posted in Food, Online retail, Retail Industry, Supermarket News, Supermarkets Tagged retail news, sales, profit
Cath Kidston to open flagship in London Tuesday, 11th June 2013
Marking the brand's 20th anniversary, the British fashion and homeware retailer, Cath Kidston reported that it will launch its biggest store in London later this year.
Posted in Accessories News, fashion, Fashion News, Franchise & Expansion, Home & DIY News, Online retail, Retail Industry Tagged fashion news, retail news, retailer, profit, sales, cath kidston, retail and consumer industry
Sales set to surge 40% for Asos Monday, 10th June 2013
Photo credit: Asos
Third quarter sales are expected to rise by at least 40 per cent for the online fashion retailer as shoppers decided to stay indoors instead of braving the cold weather on the high street. All eyes will be on Asos, the UK’s largest internet-only clothing retailer on Wednesday as it prepares to report back on third-quarter trading.
Posted in fashion, Retail Industry Tagged ASOS, fashion, online, ecommerce, profit, sales, quarter, retail, spring, high street
Samsung Electronics Co down $12b in market value Sunday, 9th June 2013
Samsung reported it lost USD 12 billion due to declining sales in its Galaxy S4 smartphone.
Posted in Luxury Goods, Online retail, Retail Industry, Technology Tagged shares, retail news, retailer, sale, profit, launch
