Articles tagged profit

Retail News - Burberry reports “robust” H2 performance as l-f-l revenue rises 9%

It’s not all doom and gloom for the embattled luxury sector. Despite cuts in spending in the previously lucrative Asian markets and a Eurozone still in recovery, there’s gains to be made from fashion houses who know how to play to their strengths.

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Retail News - LVMH reports 16% rise in Q1 sales

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton posted a 16 per cent rise in first quarter revenues to EUR 8.32 billion, as the progress behind figures hinted at a slow start to the year.

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Retail News - Relief for M&S as high street stalwart posts best non-food sales in four years

Marks & Spencer on Thursday announced sales in its final quarter to 28th March rose 1.9 per cent, with general merchandise sales, including women’s clothing, up 0.7 per cent on a like-for-like basis.

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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 - Tesco embarks on land sell-off

The UK’s largest retailer has begun selling off land it had originally designated for new supermarkets, as it looks to raise funds to improve its balance sheet.

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Retail News - Game Digital share price slumps as CFO prepares to depart

Game Digital saw its share price fall more than seven per cent in morning trading after revealing an 18.5 per cent drop in profits for its interim results.

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Retail News - H&M wary of strong dollar despite beating profit forecasts

Swedish fashion retailer H&M today revealed positive news - a larger first-quarter pretax profit than was predicted, along with a 9 per cent boost in local currencies for sales between March 1st and the 21st.

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Retail News - Sluggish start to 2015 for Scottish economy, but expectations rise to pre-recession optimism

The Scottish economy felt a sharp slowdown in the three months to the end of February this year, according to the latest report from the Bank of Scotland’s business monitor.

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Retail News - N Brown shakes up board in wake of profit warning

SimplyBe and Jacamo owner N Brown has restructured its operating board after issuing two profit warnings in the last six months.

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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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