HMV pins its hopes on DVD Xmas sales October 26, 2010 MUSIC, games and books retailer HMV says releases of films such as Sex and the City 2 and Toy Story 3 will help its key Christmas period as it tries to bounce back from a disappointing start to the year. “All I can say about Christmas is that the release schedule in particular is looking [...]
Face it, trader: Santa does not exist November 7, 2010 THERE is consensus among sane-minded adults that Santa Claus does not exist. We have – just about – come to terms with the fact that there is no jolly red-suited fellow that wriggles down the chimney and fills our stockings each year. Yet strangely there are still traders who believe in his stock market rally. [...]
Halfords cuts profit guidance April 7, 2011 Halfords reduced its profit guidance for the second time in three months as underlying sales continued to fall in tough markets. The bicycles and car parts firm also announced a share buyback programme of up to £75m. Halfords forecast a year to April 1 pretax profit of between £124m and £127m, with group sales of [...]
Home Retail hit as Argos sales dented October 20, 2010 HOME Retail Group yesterday said that cash-strapped customers were abandoning its cut price retailer Argos as sales dopped. The company, which also owns Homebase, revealed that its overall profit had dropped 12 per cent to £103m in the six months to 28 August. A plunge in demand for furniture, video games and televisions contributed to [...]
Retail therapy addiction will hold up in 2011 November 7, 2010 BRITISH consumers are to continue spending unfazed in 2011, despite government cutbacks and higher taxes, according to research by auditing firm BDO. The firm’s Retail Forecasts 2011 report calls the UK consumer a “curious beast” unable to kick an “addiction to shopping” despite speculation about a double dip recession. The report uses a monthly high [...]
Theo Fennell dismisses VAT rise September 29, 2010 Jeweller Theo Fennell said yesterday January’s VAT rise is not a worry as most of its affluent customers are from overseas and not liable for the tax. Chairman Rupert Hambro said the business had performed well over the last six months, while both its flagship Fulham Road and City stores have been upgraded. The company’s [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]
HMV sales plunge by 10pc in World Cup blow September 9, 2010 Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books. The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period. [...]
THE TIPSTER October 18, 2010 HOME Retail Group has seen its share price underperforming the market and its sector this year: the share price is down a whopping 30 per cent year-to-date. Wednesday’s interims, however, should provide us with some good news and investors might look favourably on the stock as the Christmas period approaches. Capital CFDs quotes 219.2p-219.9p. Euro-dollar [...]
Home Retail Group says profit to dive by a quarter September 9, 2010 Home Retail Group forecast a 20-25 per cent reduction in first-half profit, with sales at its Argos stores continuing to fall as low income shoppers cut back on spending. The firm, which also owns the Homebase DIY business, said it expected to make a year to the end of February 2011 underlying pre-tax profit of [...]