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Financial results

DFS reports solid sales amid warnings of market slowdown

Thursday 09 February 2017 - Posted by Ben Stevens

DFS has posted strong figures in the first half of the year, but warns of an “increased risk” of a market slowdown. In its 26 week period to January 28, gross sales rose by seven per cent, boosted by its Dwell and Sofa Workshop subsidiaries. "We recognise that in 2017 the reta...


Joules posts double digit growth in all sectors

Tuesday 31 January 2017 - Posted by Ben Stevens

Joules has recorded double-digit growth in sales, profits and customer numbers in its half-year report. In the six months to November 27, 2016, the fashion retailer posted a 16.2 per cent increase in revenues to £81.4 million, and pre-tax profits rose by nearly a fifth to £7.5...


H&M's profits take a hit amid rampant expansion

Tuesday 31 January 2017 - Posted by Ben Stevens

Fashion giant H&M has reported a drop in full year profits as it begins to feel the strain from the strong US dollar amid extensive expansion. In the 12 months to November 30, profit after financial items dropped by 11.8 per cent, topping £2.18 billion. Despite group sales see...


Ocado posts solid growth for 2016

Tuesday 31 January 2017 - Posted by Elias Jahshan

Ocado continues to fend off competition from the likes of AmazonFresh and increased delivery services from the Big 4 after it recorded a rise in full-year profits and sales. The online grocer‘s full-year pre-tax profit increased 21.8 per cent to £14.5 million in the year endin...


WH Smith boosts profit forecast after Christmas success

Wednesday 25 January 2017 - Posted by Ben Stevens

WH Smith has boosted its forecast for full year profits after a Christmas sales uptick in its travel arm. Sales at the retailer's travel arm, which includes shops in service stations and airports, rose by five per cent in the 21 weeks to January 21. This rise was tarnished by ...


Hugo Boss surprise turnaround sends shares skyrocketing

Tuesday 17 January 2017 - Posted by Ben Stevens

Hugo Boss has welcomed a nine per cent rise in share prices following an announcement that its full-year profits would be far better than expected. Following two separate profit warnings over a tough 18-month period in which its chief executive Claus-Dietrich Lahrs jumped ship...


H&M Christmas trading fails to meet expectations

Monday 16 January 2017 - Posted by Ben Stevens

H &M has released its Christmas trading results posting a rise in sales, although coming well below analyst expectations. The fast fashion giant posted a six per cent rise in sales throughout December, below the predicted rise of around nine per cent. This marks the slowest ra...


Your definitive guide to the Christmas updates

Thursday 12 January 2017 - Posted by Ben Stevens

Retailers have enjoyed a better-than-expected Christmas trading season as a flurry of updates this week and last week confirmed that shoppers were happy to spend money during the festive season. Figures from some of the UK's biggest retailers showed the sector enjoyed impressi...


Superdry parent company enjoys bumper growth in first half and Christmas

Thursday 12 January 2017 - Posted by Elias Jahshan

The parent company of fashion retailer Superdry is celebrating not just because of growth in sales and profits in its first half, but also because of a bumper festive trading season. SuperGroup recorded a 20.6 per cent spike in retail revenues to £162.1 million and 14.9 per ce...


Primark sees 11% sales jolt

Thursday 12 January 2017 - Posted by Ben Stevens

Budget fashion retailer Primark adds to today's stream of positive Christmas retail sales updates, posting huge sales boosts from the devalued pound. Parent company Associated British Foods (ABF) said Primark saw an 11 per cent jolt in sales over the Christmas period, or 22 pe...