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Carpetright warns over profits after sluggish final quarter

Tuesday 25 April 2017 - Posted by Elias Jahshan

A slowdown in sales growth has prompted Carpetright to warn over profits as it prepares to release its full-year results. The retailer recorded a 1.4 per cent rise in UK like-for-like sales in its final quarter to April 22, down from 1.9 per cent in the previous three months. ...

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Bonmarche annual sales and like-for-likes slump

Wednesday 19 April 2017 - Posted by Elias Jahshan

Womenswear retailer Bonmarche recorded a slump in full-year sales due to “challenging” market conditions since Christmas. Sales at the value retailer dipped by 0.5 per cent while store like-for-likes fell by 4.3 per cent in the 53 weeks ending April 1. Although online transact...

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Zalando begins year with promising first quarter results

Wednesday 19 April 2017 - Posted by Elias Jahshan

Zalando’s growth has continued unabated in 2017’s first quarter, with preliminary figures showing it is on track to publish turnover growth of more than 20 per cent. The Berlin-based online fashion retailer’s first quarter is somewhere between €971 million and €987 million (£8...

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Primark’s sales growth bolsters parent company’s coffers

Wednesday 19 April 2017 - Posted by Elias Jahshan

An aggressive expansion of new stores and strong performance in the UK has allowed value retailer Primark to record upticks in sales and profits in the first half of its fiscal year. Revenue at the fashion chain grew by 11 per cent at a constant currency basis in the 24-week p...

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Burberry's US slowdown drags down "exceptional" UK performance

Wednesday 19 April 2017 - Posted by Elias Jahshan

Burberry has recorded a slight slowdown in its fourth-quarter sales, as tough conditions in the US dragged down an "exceptional" performance in the UK. The luxury British fashion retailer has benefited from tourists taking advantage of a drop in the value of the pound since th...

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House of Fraser records 161% spike in profits

Tuesday 18 April 2017 - Posted by Elias Jahshan

House of Fraser has delivered mostly positive results in its full-year report today, including a skyrocketing of pre-tax profits from £1.3 million to £3.4 million. The department store chain also recorded sales of £1.3 billion for the 52 weeks to January 28, which was in line ...

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Prada's lacklustre full-year results dampens luxury retail's positive run

Thursday 13 April 2017 - Posted by Elias Jahshan

Prada has revealed its lowest full-year profit since 2011, slightly tarnishing the recent positive run of the luxury retail sector lately. For the full-year period ending January 31, Prada net income stood at €278.3 million (£236.1 million) while net revenues totalled €3.18 bi...

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Sales up but like-for-likes slip as Dunelm endures “volatile” environment

Wednesday 12 April 2017 - Posted by Elias Jahshan

Dunelm’s third quarter results published today has indicated a 2.2 per cent slip in total like-for-like sales, which chief executive John Browett put down to “trading in a volatile retail environment”. However, the homeware retailer’s total sales for the 13 week period ending ...

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Toast raises a toast after profitable year

Tuesday 11 April 2017 - Posted by Elias Jahshan

Fashion retailer Toast has recorded a 17 per cent increase in full-year sales, primarily thanks to a focus on full-price sales. The high street chain, which also sells homewares and is owned by the French Connection Group, experiences an 81 per cent increase in sales from item...

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Sales and profits dip at Ermenegildo Zegna

Monday 10 April 2017 - Posted by Elias Jahshan

Annual revenues at Italian luxury fashion retailer Ermenegildo Zegna went down by seven per cent at constant exchange rates, compared to the prior year when it had grown by four per cent. According to the Fashion Network, the company’s revenues decreased from €1.26 billion (£1...