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Financial results
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Foyles sees profits increase 1000%

Friday 24 March 2017 - Posted by Ben Stevens

Foyles has announced a 10-fold increase in its profits last year, marking the second consecutive year of profitable trading and a successful turnaround. The bookseller saw turnover rise to 2.75 per cent to £25 million in the 12 months to June 30, 2016. Meanwhile pre-tax profit...

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Next sees first profit drop since 2008

Thursday 23 March 2017 - Posted by Ben Stevens

Next has released its annual financial results, reporting the first drop in annual profits for eight years and confirming predictions of a difficult period for the fashion retailer. Underlying pre-tax profits dropped by 3.8 per cent to £790.2 million for the year to January, m...

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Gerry Weber's sales continue to fall in first quarter

Thursday 16 March 2017 - Posted by Ben Stevens

Sales have continued to fall at German fashion retailer Gerry Weber, but its restructuring programme is beginning to yield positive results. In the first quarter of 2017, overall sales revenues dropped by 2.1 per cent to £182.9 million, down from £186.8 million a year prior. T...

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Ocado confirms beginning of the end for grocery price war

Tuesday 14 March 2017 - Posted by Ben Stevens

Online grocer Ocado has reported a boost in sales for its first quarter while confirming the grocery price war is beginning to wind down. Gross sales for the 13 weeks to February 26 rose by 13.1 per cent year-on-year, alongside a 16.7 per cent growth in orders per week to 252,...

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Morrisons back on track with first profit growth in 5 years

Thursday 09 March 2017 - Posted by Ben Stevens

Morrisons continues its return to former glories with growth rising steeply in the last financial year, despite increasing pressure from its grocery rivals. In the 12 months to January 31 its profits were boosted almost 50 per cent, revenues also rose by 1.2 per cent to £16.3 ...

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Morrisons back on track with first profit growth in 5 years

Thursday 09 March 2017 - Posted by Ben Stevens

Morrisons continues its return to former glories with growth rising steeply in the last financial year, despite increasing pressure from its grocery rivals. In the 12 months to January 31 its profits were boosted almost 50 per cent, revenues also rose by 1.2 per cent to £16.3 ...

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Jimmy Choo posts drop in profits

Thursday 02 March 2017 - Posted by Ben Stevens

Jimmy Choo has reported a drop in profits, but a boost in sales helped by its growing menswear brand. The retailer's preliminary results show pre-tax profit dropped from £22.1 million in 2015 to £17.7 in the 12 months to December 31 last year. Despite this, revenues grew by 14...

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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...

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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...

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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...