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Greggs warns on annual profit Monday, 29th April 2013
Greggs on Monday warned pretax profit for 2013 was likely to come in “slightly below” the lower end of market expectations. The retailer, which is the largest bakery chain in the UK, said pretax profit is now on track to come in between beneath expectations of £47.5 million to £55.2 million.
Mulberry profit warning comes loud and clear Tuesday, 23rd October 2012
It seems not even Mulberry, the luxury leather brand who began the year reporting a 41 per cent rise in sales, is safe from a global slowdown in premium purchases. The Somerset-based company on Tuesday warned on profit, with lower-than-expected international retail sales and a steep decline in wholesale revenue.
Prada “will not be immune” as Burberry warning sends investors in a spin Wednesday, 12th September 2012
Photo credit: Prada S.p.A. Signs of a paradigm shift for China’s luxury market prevailed on Wednesday, as shares in Italian fashion house Prada fell nearly 4 per cent after Burberry’s unscheduled profit warning this week. It seems the after-effects of the surprise announcement from the British fashion house have been felt across the globe, as shares in Prada fell to their lowest in three weeks.
Prada navigates stormy conditions in its latest campaign.
Burberry shares slashed after sales warning Tuesday, 11th September 2012
Luxury fashion label saw 17.8 per cent swiped off shares this morning after an unscheduled trading update warned of a slowdown in sales. The market did not respond kindly to Burberry’s announcement on Tuesday that like-for-like sales had ground to a stop in the 10 weeks to 8 September, and have even started to fall in recent weeks.
French Connection issues profit warning Thursday, 9th August 2012
French Connection has warned that operating profit would see a £7 million drop during its first half of trading, adding that it is very cautious on its outlook for the remaining fiscal year. The UK based fashion retailer reported operating profit of £300,000 for the first half to 31 July last year, but said on Thursday that sales during February to July of 2012 fell 7 per cent with gross margins lower due to additional discounting.
Carpetright sales rise 1.4%, but not enough to avoid profit warning Tuesday, 24th April 2012
Carpetright has been forced to warn on year profit yet again, as the retailer cited poor sales in beds and a weak European economy as the key factors for the disappointing results. Sales at British stores open over a year rose 1.4 per cent in the 11 weeks to 14 April, the bulk of Carpetright’s fourth quarter, compared with a fall of 0.5 per cent in the third quarter.
Superdry shares plunge as owner issues profit warning Friday, 20th April 2012
Superdry’s parent company Supergroup on Friday issued its second profit warning for the year, a move that saw shares drop by almost a third in early trading. According to the BBC, Supergroup now expects pre-tax profit for the year to 29 April to be £43 million. Back in February, the urban fashion retailer said profits would be at the low end of its initial forecast of £50-54 million after slow sales in January and aggressive discounting at rival brands.
Home Retail likely to issue Christmas profit warning as analysts suggest possible bid on cards Tuesday, 22nd November 2011
Argos and Homebase owner Home Retail has been put top of the list for retailers expected to issue Christmas profit warnings, but Peel Hunt added the group could attract private equity interest. As retailers grow increasingly concerned over their prospects for Christmas, Home Retail has been tipped as the high street name to watch, with the City believing it could issue a profit warning in the coming weeks.
Topps Tiles suffers plunge in profit Thursday, 25th August 2011
DIY retailer Topps Tiles has cut its full-year earnings estimates according to a trading update released this morning.
Waning consumer confidence was blamed for the poor sales which has seen revenues for the first seven weeks of its fourth financial quarter down 10.4 per cent year-on-year.
The whole of the third quarter which ended on 2nd July 2011 saw a 1.9 per cent drop in revenues when compared to the same period last year.
Topps Tiles has previously announced plans to expand its store portfolio by seven outlets by the end of this financial year, bringing its total number of shops to 320.