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Thorntons says full year profit should beat expectations thanks to Easter trade Wednesday, 3rd April 2013
Easter eggs on the production line at Thorntons. British chocolatier Thorntons PLC on Wednesday said full year profit should beat market expectations after “satisfactory” trading over Easter, Mother’s Day and Valentine’s Day. Thorntons said it expects pre-exceptional profit before tax for the year ending 29 June to come in above the current market expectations of £3.1 million.
Japan’s retail sales fall 2.3% year-on-year Thursday, 28th March 2013
Japan’s retail sales fell by more than expected in February, as the new government outlines plans to trigger inflation and a boost in consumer spending. The Japanese Ministry of Economy, Trade and Industry said sales fell 2.3 per cent from a year before, a steeper drop than analysts’ forecast of a 1.2 per cent dip.
March retail sales weakest since August as snow keeps shoppers away Tuesday, 26th March 2013
British retail sales in March come in flat compared with a year ago, according to the latest report by the Confederation of British Industry. The CBI said volumes for March retail sales had fallen below average for the time of year and were weaker than anticipated, as an especially cold winter refused to shift, despite the official start of springtime.
Sports Direct falls 7.4% after Mike Ashley sells shares Tuesday, 26th February 2013
Shares in Sports Direct fell 7.4 per cent after its founder and majority shareholder Mike Ashley sold part of his holding in the business. According to Reuters, Ashley sold 25 million shares on Monday at 400p each, reducing his stake from 68.6 per cent to around 64 per cent. The move comes after Ashley, who also owns Newcastle United, was linked to talks with House of Fraser over the possibility of acquiring a stake in the department store chain.
January “lifts spirits” for retailers as sales grow 1.9% Tuesday, 5th February 2013
UK retail sales rose 1.9 per cent on a like-for-like basis from the same period a year before, with total sales up 3.0 per cent, its highest growth since September 2012 and like-for-like sales growth for 13 months. The latest figures from the British Retail Consortium (BRC) –KPMG Retail Sales Monitor are set to provide some much needed relief to the industry, which traded through heavy snowfall in the last two weeks of January.
Thorntons’ sees Christmas sales rise, but stores still suffering Wednesday, 16th January 2013
A surge in sales of chocolate boxes helped Thorntons see in a profitable new year, but a decline in like-for-like store sales suggests the retailer isn’t out of danger yet. Commercial sales grew 26.4 per cent to £34.7 million in the 14 weeks to 12 January, against a 1.3 per cent decline in like-for-like sales across its store operations.
Sainsbury meets forecasts for Christmas, despite a slowdown in growth Wednesday, 9th January 2013
Sainsbury’s on Wednesday revealed it had met analysts’ forecasts for the Christmas trading period, with sales at stores open over a year up 0.9 per cent. Total third quarter sales rose 3.3 per cent excluding fuel in the 14 weeks to 5 January, Sainsbury’s third financial quarter, which was the retailer’s 32nd consecutive quarter of underlying sales growth.
Marks & Spencer slides as analysts cut forecasts Friday, 4th January 2013
Marks & Spencer Shoreham store. Marks & Spencer shares fell on Friday after analysts said they expected third quarter sales to fall back on a weak general merchandise performance. With less than a week until its quarter sales update on Thursday, Marks & Spencer shares fell 11.4 p at 377p on Friday after analysts at Nomura cut their full year forecasts from £694 million to £666 million.
January returns bring retailers back to reality Friday, 4th January 2013
Eastgate Shopping Centre. Retailers seeing a boost in December sales now wait with baited breath as January’s returns arrive. According to the Guardian up to 40 per cent of clothing and between 5 and 10 per cent of electrical goods and homewares bought online or via catalogues are returned to stores by shoppers who have changed their mind.