Tag : financial result
Asos ‘well prepared’ for no-deal BrexitSubscription
Asos chief executive Nick Beighton has said the business is prepared for all possible Brexit outcomes as the UK’s deadline to leave the European Union looms.
Burberry sales inch up in ‘transition’ periodSubscription
Burberry has announced a 3% rise in comparable sales for the first quarter of 2018, as the luxury brand undergoes a “period of transition” ahead of Riccardo Tisci’s first season as chief creative officer.
M&S has announced a further fall to its clothing and home sales in the third quarter of 2017, as total group revenue inches down.
Ecommerce boosts Christmas revenues at Footasylum Subscription
Footwear retailer Footasylum has reported revenues of £89.8m for the 18 weeks to 30 December, up 33.4%.
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.
John Lewis fashion sales riseSubscription
Fashion sales at John Lewis and Partners increased by 4% last week.
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.
Next chief executive Lord Wolfson has said the biggest risk to the retailer in the event of a no-deal Brexit is that ports will seize up and restrict the flow of goods coming into the UK.
Profits drop at Marks & SpencerSubscription
Marks & Spencer CEO Steve Rowe has insisted there are “green shoots” in the business’ transformation plans, despite the retailer reporting a 9.9% drop in profit before tax and adjusting items for the year to 30 March 2019.
Value womenswear retailer Bonmarché has announced a 38.1% jump in profit before tax, to £8m, for the full year to 31 March 2018, as online sales fuel promise of a turnaround.