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Total sales at Primark rise by 24% Tuesday, 23rd April 2013
Associated British Foods’ fast fashion retailer Primark on Monday announced total sales rose by 24 per cent in the six months to 2 March. Like-for-like sales, which strip out the effect of new store openings, rose 7 per cent for the retail chain. Overall, AB Foods reported half-year pre-tax profits of £415 million, up 26 per cent from a year before.
Ted Baker profit up 16.5% as new openings boost sales Thursday, 21st March 2013
British high-end fashion brand Ted Baker revealed a 16.5 per cent rise in annual profits as new stores overseas and strong UK sales helped secure sales. Ted Baker on Thursday said profit before tax and exceptional costs for the year to 26 January stood at £31.5 million, up from £27.1 million the year before and in line with analyst forecasts.
Thorntons fetes turnaround as sales and pre-tax profit rise Monday, 25th February 2013
British chocolatier Thorntons hailed the beginning of its turnaround as pre-tax profits, revenues and UK sales rose during the first half of its year. The retailer on Monday revealed revenues rose 2.9 per cent to £133.7 million in the 28 weeks to 12 January 2013, while profit before tax and exceptional items increased by £2.2 million to £5.3 million.
Sports Direct gears up for impressive half year results Monday, 10th December 2012
Sports Direct is preparing for another set of strong figures this week as the UK’s biggest sporting goods retailer prepares to announce its half year results on Thursday. Expectations are high after the a tumultuous year for the sporting goods sector, which saw Sports Direct pay nearly £24 million for the brand, stock, website and 20 stores of collapsed rival JJB Sports.
Dixons Retail like-for-likes up 3% Thursday, 29th November 2012
The Currys and PC World owner saw its UK and Irish operations return to profit for the first time in five years as like-for-likes rose 3 per cent for the first half. After a summer of sport helping boost the sale of big ticket items including televisions, Dixons Retail on Thursday revealed like-for-like sales rose 3 per cent in the 24 weeks to 13 October.
Pets at Home sees 3.2% rise in sales for first half Wednesday, 7th November 2012
Pets at Home chief executive Nick Wood. Pet specialist retailer Pets at Home saw sales rise 7 per cent in the 52 weeks to 31 March 2012, while like-for-like revenue has continued to grow during the retailer’s first half of the fiscal year to 11 October 2012. Total turnover came in at £544.3 million for the company’s full year, during which Pets at Home opened 32 new stores, commission a second distribution centre and began a global sourcing operation in Hong Kong.
Against the odds, WHSmith smashes £100m profit Monday, 8th October 2012
WHSmith is this week expected to announce profits rose 9 per cent to £101 million for the year, as the retailer continued to perform against the odds of a turbulent high street. The newsagent will reveal on Thursday that profits in the year to August will pass the £100 million profit mark for the first time since chief executive Kate Swann was drafted in to revamp the business nine years ago.
Boden reports 45% drop in profit as rising cotton prices take their toll Monday, 24th September 2012
Pre-tax profits at the online and catalogue retailer fell 45 per cent last year, as rising cotton prices and a low consumer confidence heavily impacted sales. According to the Financial Times, Boden saw profits drop to £17.9 million in the year to 31 December 2011, in accounts filed with Companies House.
Ferragamo profits surge 22% Thursday, 30th August 2012
Italian luxury brand Salvatore Ferragamo has bucked the trend for a declining luxury sector in Europe after reporting a 22.5 per cent rise in first half net profits to EUR 55.9 million. According to City AM sales in the period rose nearly 23 per cent to EUR 565.1 million, thanks to tourist spending in Europe and the group’s retail operation in China.
Carphone Warehouse eyes improved earnings Thursday, 14th June 2012
Carphone Warehouse is intent on remaining positive after the mobile phone retailer forecast a slight rise in 2013 earnings at its key European unit. After revamped stores and new products lining the shelves, the group was able to come in at the lower end of its target for 2012.