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Asda's latest quarterly sales decline hints at improved trading

Tuesday 21 February 2017 - Posted by Elias Jahshan

Asda has recorded another dip in quarterly sales, but the supermarket chain is showing signs that turnaround efforts are beginning to pay off. The Big 4 grocer posted a 2.9 per cent dip in like-for-like sales in its fourth quarter, making it the 10th consecutive quarter of sal...

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Laura Ashley hit by surging costs and falling sales

Thursday 16 February 2017 - Posted by Elias Jahshan

Sales and profits at Laura Ashley have taken a battering in the first half of its financial year, prompting the retailer to warn on profits. Pre-tax profits at the fashion and lifestyle retailer plummeted by 29 per cent plunge from £11 million to £7.8 million for the six month...

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Prada's UK market bucks trend of struggling global sales

Tuesday 14 February 2017 - Posted by Elias Jahshan

Luxury goods retailer Prada experienced a dip in sales across all of its regions last year, with fewer tourists visiting its global flagship stores dragging growth. However, the Italian brand – which trades in the UK with a few flagship stores and concessions – said sales had ...

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Levi's records 4th consecutive year of profits

Friday 10 February 2017 - Posted by Elias Jahshan

Denim retailer and manufacturer Levi Strauss & Co has recorded increases quarterly and yearly net revenue and income for the fourth year in a row. The US-based company, which operates Levi’s stores around the UK and trades online, said its net revenues grew one per cent on a r...

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Clarks Village, Freeport Braintree & Junction 32 post growth in 2016

Thursday 09 February 2017 - Posted by Elias Jahshan

The parent company of Clarks Village, Freeport Braintree and Junction 32 outlet shopping centres have a recorded positive results in sales and footfall in 2016 across all three of its locations. Clarks Village in Somerset, Freeport Braintree in Essex, and Junction 32 in West Y...

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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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Price rises at Dunelm to go ahead after "softer" than usual trading update

Wednesday 08 February 2017 - Posted by Elias Jahshan

Dunelm has blamed a “weaker market” for its “slightly softer” trading update, and said price hikes are inevitable as it works to maintain profit margins in the wake of the collapsed sterling. The homeware retailer said in its interim financial report for the 26 weeks to Decemb...

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Michael Kors records "disappointing" quarter

Tuesday 07 February 2017 - Posted by Elias Jahshan

Michael Kors recorded a drop in sales in its latest trading quarter and confirmed plans to cut back promotions in North America to boost average retail prices. The luxury accessories and fashion retailer said average selling prices in its third quarter ending December 31 – whi...

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New Look profits hit again by "extremely challenging" market

Tuesday 07 February 2017 - Posted by Elias Jahshan

New Look’s profits took a bit of a hit in its third quarter, with the fashion chain attributing the dive to an "extremely challenging" market. The retailer’s profit before tax stood at £30.1 million in the 13-week period to December 24, a 37.6 per cent dip compared to the prev...

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Amazon sales and profits surge, but misses Wall Street targets

Friday 03 February 2017 - Posted by Elias Jahshan

Amazon has reported lower-than-expected revenue and an unexpected dip in operating profit for its fourth quarter, prompting shares to fall by four per cent due to concerns about the costs of investments including new warehouses and video content. While net sales for the world’...