Tag : financial results
Laura Ashley profits collapseSubscription
Poor online performance and underperforming homeware have been blamed for crumbling profits at heritage lifestyle retailer Laura Ashley, which announced a statutory loss before tax of £14.3m for the 52 weeks to 30 June 2019, down from a profit of £100,000 in 2018.
JD.com back in the black Subscription
Operating profit at Chinese etailer JD.com increased 324% year on year in the second quarter, up from a loss of $147.4m (£122m) in 2018 to a profit of $330.2m (£273.4m).
CVAs and Brexit hit UK sales at Westfield owner Subscription
Property company Unibail-Rodamco-Westfield (URW), which owns global shopping centres including both London Westfield sites, has blamed Brexit uncertainty and retailer company voluntary arrangements for UK like-for-like net rental income dropping 3.1% year on year for the six months to 30 June.
Rise in revenues at Prada Group Subscription
Net revenues at Italian fashion group Prada rose 2% to €1.6bn (£1.4bn) in the six months to 30 June, compared with the same period in 2018.
Vans fuels revenue growth at VF Subscription
US fashion group VF Corporation, owner of brands including Vans, Timberland and The North Face, reported revenue was up 6% year on year to $2.3bn (£1.8bn) for its first quarter to 29 June.
Levi's blames IPO for slow second half Subscription
US denim brand Levi Strauss has reported a 63% year-on-year drop in net profit to $29m (£23.2m) for the three months to 26 May.
Delayed Superdry results reveal a lossSubscription
Superdry has reported a statutory pre-tax loss of £85.4m for the year to 27 April 2019, compared with a £65.3m profit in 2017/18.
Jaeger cuts losses as owner expandsSubscription
Jaeger halved its losses and expanded its store footprint in the year to 25 August 2018 – 14 months after it was bought by Edinburgh Woollen Mill (EWM) Group.
Slow first quarter for N Brown Subscription
Total revenue at brand house N Brown Group was down 3.8% year on year for the 13 weeks to 1 June.
Channel-agnostic approach fuels success at Joules Subscription
Investment in key international markets, such as the US, and a “total retail” omnichannel model has helped Joules to drive growth, CEO Colin Porter has told Drapers.