Tag : financial result
Losses shrink at New Look, but revenue is still down Subscription
New Look’s group revenue fell by 12.9% year on year to £523.8m in the six months to 28 September 2019, but it managed to reduce its statutory loss before tax by £30.7m.
Intu issues income warningSubscription
Shopping centre owner Intu Properties said it expects full-year like-for-like net rental income for the three months to 30 September to be down 9% year on year, blaming company voluntary arrangements at Arcadia Group and Monsoon for “more than half” of the reduction.
Indian etailer Koovs has reported a 100% year-on-year increase in gross order value to £5m in the second quarter of its 2019/20 financial year.
Losses grow at Shop Direct Subscription
Shop Direct has reported a loss before tax of £185.5m for the 52 weeks to 30 June, compared with a £24.9m loss in 2017/18, after it made a £241m provision for “customer redress payments for historical shopping insurance sales”.
Sales up at H&M group despite UK troublesSubscription
H&M group has reported net sales were up 12% year on year in the three months to 31 August, despite annual profits falling by 74% at its UK arm.
Sales edge up at PrimarkSubscription
Sales at Primark have risen 4% year on year for the 52 weeks to 14 September, as the retailer’s expansion continues apace. However, like-for-like sales dropped by 2% for the period, and it warned that future margins are set to take a hit.
Sales edge up at Hugo BossSubscription
Hugo Boss expects full-year sales to reach the lower end of its forecast, after its second-quarter financials were hit by “persisting challenges” in the US.
Joules celebrates ‘strong’ yearSubscription
British lifestyle brand Joules has reported a revenue uplift of 17.2% year on year to £218m for the 52 weeks to 26 May.
Tisci's designs drive sales uplift at BurberrySubscription
Burberry’s retail revenue grew 4% year on year to £498m for the 13 weeks to 29 June.
Inditex profits climb to £654mSubscription
Net profit at Spanish fashion group Inditex was up 10% year on year to €734m (£654m) for the first quarter of its 2019/20 financial year.