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Hard work “paying off” as Dixons' Q4 sales rise 13% Thursday, 16th May 2013
Dixons Retail on Thursday reported like-for-like sales in its final quarter rose 13 per cent in the UK and Ireland, as strong demand for tablet computers continued. The electrical goods retailer, which also operates Currys, PC World and Dixons Travel, is now expecting year profit to come in at the top end of market expectations.
Net profit up 103% as Ferragamo goes from strength to strength Tuesday, 14th May 2013
Salvatore Ferragamo Autumn/Winer 2012 campaign. Luxury Italian fashion house Salvatore Ferragamo revealed a 103 per cent growth in net profit for its first quarter of 2013 to EUR 24 million, compared to the same period a year before. The Florentine company reported a 9 per cent rise in turnover for the quarter to EUR 282 million, and a 29 per cent increase in EBITDA to EUR 39 million.
Adidas posts record-breaking growth in profit Friday, 3rd May 2013
Adidas on Friday posted its highest-ever gross profit margin as a hike in prices in its own stores helped offset weak consumer spending across Europe. Sales at the world’s second largest sports apparel maker fell 2 per cent during the first quarter, attributed to a lack of major sporting events.
Amazon feels the heat as growth slows for Q1 Friday, 26th April 2013
Photo credit: Amazon Inc. Revenue at the world’s largest internet retailer rose 22 per cent in the first quarter, but it was a marked slowdown from a 36 per cent growth rate in the same period a year before. Shares in Amazon fell 1.9 per cent to USD 269.43 in after-hours trading on Thursday after the e-commerce giant revealed its international sales had struggled during the quarter.
Hermès Q1 profits beat estimates Monday, 22nd April 2013
Iconic fashion brand Hermès on Monday posted first quarter sales ahead of forecasts, as the label reported strong demand for its silks, accessories and ready-to-wear lines. Revenue came in at EUR 856.8 million for Hermès in the three months to 31 March, up 12.8 per cent at constant currencies and above and beyond analysts’ expectations of 11 per cent for the period.
Carrefour Q1 come in flat as tough trading in Europe drags down sales Friday, 19th April 2013
The world’s second largest retailer reported first quarter sales of EUR 20.8 billion, just below expectations as a fall in demand in Spain and Italy hit home. Sales for Carrefour’s first quarter failed to meet the average forecast of EUR 20.9 billion from a poll of Reuters analysts, as the supermarket battled against continued weak demand in its core European market.
Sales rise for Halfords’ final quarter Wednesday, 10th April 2013
Halfords on Wednesday announced it is on track to meet its profit guidance for the year after posting a slight rise in fourth quarter underlying sales. The bicycle and car parts retailer said it expected to make a pretax profit between £68 million and £72 million for the year to 29 March.
Prada beats forecasts as Q4 profit surges 36% Friday, 5th April 2013
The Italian fashion power house reported a 36 per cent rise in net profit for the fourth quarter to EUR 217 million, as it focuses its next stage of global expansion on the Middle East and the Americas. Prada SpA managed to beat the average forecast for its final quarter to 31 March, which was set at EUR 202 million in a poll by Thomson Reuters I/B/E/S.
B&Q sales fall 6.4% Thursday, 21st February 2013
Kingfisher, Europe’s biggest home improvements retailer on Thursday said it would meet year profit forecasts despite a continued decline in underlying sales. The B&Q, Castorama and Brico Depot owner said it still expected adjusted pretax profit for the 2012-2013 fiscal year to be in line with analysts’ consensus forecast of £715 million.
H&M reports unexpected fall in Q4 profits Wednesday, 30th January 2013
Hennes & Mauritz has reported an unexpected fall in quarterly profits as the retailer made a number of “necessary and wise” long-term investments in its operations. As the world’s second-biggest apparel group, H&M has come under pressure to compete with leader Inditex in the race for market share as both expand globally.