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trading update

Desigual reports drop in sales as it continues to downsize

Monday 20 March 2017 - Posted by Elias Jahshan

Desigual has reported a drop in revenues and sales in 2016, with the trend continuing for the first two months of this year. The Spanish retailer, which operates two stores in London and trades online, recorded revenue of €860.5 million (£746.7 million) in 2016, down 7.8 per c...


Next's profits predicted to drop 4%

Friday 17 March 2017 - Posted by Elias Jahshan

Next is poised to report a fall in full-year profits next week, as changing spending habits clothing and footwear takes its toll on sales. Often regarded as one of the bellwethers of UK retail, the high street giant is expected to reveal a four per cent slide in annual pre-tax...


Guess profits plunge 72%

Thursday 16 March 2017 - Posted by Elias Jahshan

Global fashion retailer Guess has posted a massive 86.3 per cent plunge in quarterly net earnings, while net profits for the fiscal year also plummeted by 72.2 per cent. Net earnings for the fourth quarter stood at $6.6 million (£5.3 million), compared to $47.8 million (£38.6 ...


Argos props up Sainsbury's struggling sales

Thursday 16 March 2017 - Posted by Elias Jahshan

Sainsbury’s decision to acquire Argos and Habitat last year has paid off, as the company recorded a combined like-for-like retail sales rise of three per cent in its fourth quarter. The company’s overall sales growth was propped up by a 4.3 per cent increase in like-for-like s...


Zara parent company posts sales & profit growth

Wednesday 15 March 2017 - Posted by Elias Jahshan

The parent company of Zara has recorded a 10 per cent jump in full-year net profit as its multi-brand offerings in stores and online continued to attract shoppers around the globe. Inditex, regarded as the largest fashion retailer in the world by sales, said net profit for the...


Shareholder calls for break-up of French Connection after 5th year of loss

Tuesday 14 March 2017 - Posted by Elias Jahshan

A shareholder of French Connection has called for the break-up of the embattled retailer after it recorded a full-year loss for the fifth consecutive year. Revenues at the French Connection Group – which includes the eponymous high street chain, Toast, Great Plains and YMC – d...


John Lewis Partnership gross profits up 65.4% amid bonus cuts

Thursday 09 March 2017 - Posted by Ben Stevens

The parent company of John Lewis and Waitrose has posted healthy profits for the last financial year as bonuses are slashed to “strengthen" its balance sheet. In the 52 weeks to January 28, the John Lewis Partnership's overall profit before tax shot up by 65.4 per cent to £488...


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 ...


Weakened pound hits Fat Face profits

Monday 06 March 2017 - Posted by Elias Jahshan

Fat Face has posted a rise in sales but its profits have been hit by the devalued sterling. As a result, the retail chain successfully negotiated a “convenant reset” with lenders over its £149 million debt. In its full year report, released last Friday, Fat Face’s pre-tax prof...


Dreams ends 3-year turnaround with skyrocketing profits & sales

Monday 06 March 2017 - Posted by Elias Jahshan

Profits and sales at bed and mattress retailer Dreams soared in 2016, ending its third and final year of its turnaround plan on a high note. In its unaudited results for the full-year period ending December 24, Dreams’ sales surged by 20 per cent to £280 million, compared to 2...