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Dunelm welcomes sales growth despite flat like-for-likes

Thursday 12 January 2017 - Posted by Elias Jahshan

Increased demand for home delivery orders and festive goods helped Dunelm record positive sales in its second quarterly update, which factors in the Christmas trading period. The homewares retailer raked in a total of £261.9 million in sales in the 13 weeks to December 31, a 6...

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Topps Tiles sales slow down in first quarter

Tuesday 10 January 2017 - Posted by Elias Jahshan

Topps Tiles recorded a slowdown in sales in its first quarter, with the retailer attributing it to "softer trading conditions". In the 13 weeks to December 31, the home improvement chain’s like-for-like sales went up by 0.3 per cent, compared to the 1.4 per cent increase recor...

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Timpson snaps up drycleaning arm of Johnson Services

Friday 06 January 2017 - Posted by Elias Jahshan

Shoe repair and key cutting retailer Timpson’s has acquired dry cleaning arm of Johnson Services Group for £8.25 million. While dry cleaning – along with mobile phone repairs – has for a while been one of Timpson’s fastest-growing services, the acquisition means the retailer c...

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The White Company earnings surge 51%

Tuesday 20 December 2016 - Posted by Elias Jahshan

The White Company has hailed another record year after tis earnings skyrocketed by 51 per cent. The latest annual financial report for the lifestyle retailer, which has 55 stores across the UK, show operating profits surged to £17.3 million in the full-year period to the end o...

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Carpetright's profits plummet

Tuesday 13 December 2016 - Posted by Ben Stevens

Carpetright’s profits have dive-bombed as the retailer releases its financial results for the six months to October 29. Pre-tax profits dropped by 42 per cent to £4.1 million and total revenue fell by 3.8 per cent to £222.3 million. Like-for-like sales also declined by 2.9 per...

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Ikea plans to nearly quadruple online sales by 2020

Thursday 08 December 2016 - Posted by Ben Stevens

Ikea has announced a huge shift in their business model, aiming to nearly quadruple online sales by 2020. The chief executive of the world’s biggest furniture retailer, Peter Agnefjall, told the Financial Times he plans to raise the £1.19 billion in online sales to £4.27 billi...

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Neptune looks to open five new London stores

Monday 05 December 2016 - Posted by Elias Jahshan

Upmarket furniture retailer Neptune is eyeing five new stores around London as part of its expansion strategy in the capital city. The retailer, which has existing stores in the Chiswick and Fulham neighbourhoods, is hoping to secure new stores around the size 5000sq ft and 70...

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Topps Tiles admits error in recent trading update

Monday 05 December 2016 - Posted by Elias Jahshan

Topps Tiles has admitted an error in the sales figures it recorded for the first eight weeks of its current financial year. It had originally told the market that like-for-like sales were up 0.8 per cent, but they had actually dipped by 0.3 per cent. The home improvements reta...

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Pets at Home posts rise in sales and profits

Thursday 24 November 2016 - Posted by Elias Jahshan

Pets at Home has recorded a rise in like-for-like sales and profits in its half-year report, boosted by growth from its services and online divisions. The pet care retailer’s group like-for-likes went up by 2.5 per cent in the 28 weeks to October 13, while its group revenue cl...

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Kingfisher steam ahead with turn around plans posting 5.8% growth

Tuesday 22 November 2016 - Posted by Ben Stevens

Kingfisher PLC has reported a strong third quarter as sales at Screwfix continue to boost its sales. The B&Q and Screwfix owner has reported a like-for-like sales growth of 5.8 per cent in the three months to October 31, helping raise its overall revenue by 1.8 per cent to £2....