Tag : financial result
Joules sales decline after stock errorSubscription
Sales at British lifestyle brand Joules fell by 4.5% year on year over the seven-week Christmas period to 5 January 2020, as a result of disappointing online sales and a stock availability issue through the end-of-season Sale event.
Shoe Zone sales rise driven by out of town push Subscription
Digital growth and out of town “big box” stores increased revenue at footwear retailer Shoe Zone by 0.9% to £162m for the 53 weeks to 5 October 2019.
Sales grow at Barbour Subscription
Turnover increased at heritage British brand Barbour by £22.8m to £225.1m for the year to 30 April 2019.
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.
Revenue jumps 39% at Boohoo GroupSubscription
Boohoo Group has reported a 39% increase in revenue to £254.3m for the three months to 31 May.
Revenue up at Canada Goose, but shares dropSubscription
Luxury outwear brand Canada Goose has released full-year results for the year to 31 March, revealing a rise in total revenue of 40.5% year on year to C$830.5m (£486.6m).
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.
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.
John Lewis fashion sales riseSubscription
Fashion sales at John Lewis and Partners increased by 4% last week.
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.
Sales soar but losses deepen at Canada GooseSubscription
Luxury outerwear brand Canada Goose has reported soaring sales and a 58.5% jump in revenue to C$44.7m (£26.73m) for the first quarter of 2019.