Supermarket surge after top boss bows out boosts FTSE 100 – London Report January 13, 2015 MORRISONS’ surge buoyed the FTSE 100 yesterday, after the grocer announced that its chief executive had been shown the door following its poor performance during the busy Christmas trading season. The blue-chip FTSE 100 index was up 0.6 per cent at 6,542.20 points at the close. But weaker commodity stocks on the back of fresh [...]
M&S share price tumbles as Christmas delivery woes send sale figures plunging January 8, 2015 Delivery problems over the Christmas period have been blamed for poor quarterly results at Marks and Spencers, which sent shares tumbling by more than 3.5 per cent yesterday. The firm reported that sales of general merchandise, which included clothing and homewares, fell 5.4 per cent in the three months to 27 December, while international sales [...]
Migrating south for the winter can be making of young players – Chris Tremlett’s cricket comment October 1, 2015 Every single county cricketer looks forward to October because they tend to be mentally and physically shattered following a long domestic season and a solid six-month block of playing and travelling. For those players who are not involved in international squads, October and usually November tends to be a completely free period to go [...]
Shop Direct delivers Very merry Christmas as online orders boom January 14, 2015 LITTLEWOODS owner Shop Direct yesterday said sales surged over the Christmas period as Black Friday became its busiest shopping day. The online and catalogue retailer, owned by billionaire brothers Sir David and Sir Frederick Barclay, said sales across its biggest website Very.co.uk were up 134 per cent year-on-year on the US-style shopping day. Chief executive [...]
Game blames stiff competition for drop in sales over Christmas January 13, 2015 BRITISH video games retailer Game Digital yesterday cited tough competition as the reason for its decline in sales over the Christmas period. The company said sales dropped 6.7 per cent in the 11 weeks ending 10 January. It announced the results after the market closed yesterday. It stated that “promotional activity” across the market had inflated [...]
Poundland cashes in on Christmas and posts third quarter success January 21, 2015 The figures Variety store Poundland had a record Christmas trading period in 2014, with success spanning across the whole of the third quarter. During the 13 weeks to 28 December, total growth for the company was 9.8 per cent, with revenue up at £328.4m – a 10.2 per cent increase compared to 2013. The [...]
Black Friday hits John Lewis’ Christmas sales January 2, 2015 He may have been a runaway hit, but not even Monty the Penguin could help John Lewis emulate the success of its Black Friday deals during the Christmas period. Sales at the retailer fell 1.4 per cent during the week of Christmas, with sales of electrical goods falling 14.7 per cent compared with the same [...]
Black Friday UK 2015: Asda might be right to scale back its bargains on 27 November – but shoppers will still expect the deals November 10, 2015 Last year Black Friday broke the internet. Well, not quite; but it did break the websites of many UK retailers which struggled to cope with demand. In stores the occasion created Walking Dead type scenes, with hoards of shoppers frantically clawing for the best bargains. Given that these are sure signs that the event – [...]
Black Friday UK 2015 deals: Asda confirms it is “calling time” on the bargain bonanza day November 10, 2015 Looking for Black Friday deals? Don't bother checking out Asda this year. Black Friday might be rather more grey at the supermarket for 2015, with the Walmart-owned supermarket confirming it is scaling back its plans around the bargain bonanza day. The supermarket said it was "calling time" on the day, and instead of stomaching the [...]
Sales down but market share up as New Look turnaround continues February 10, 2015 New Look has suffered declines in the “unseasonably warm” three months to December 27- but the fast fashion chain is still buoyant after growing market share. The figures New Look's revenues dropped 1.6 per cent in the third quarter, from £406.6m to £399.9m. Adjusted EBITDA was £76.8m, down 2.7 per cent from £78.9m last [...]