Strong dollar and hot weather hit H&M’s summer sales and see share price fall September 24, 2015 Swedish retail giant H&M's share price fell this morning, despite promising third quarter results. The figures Sales at H&M Group – which includes facias Cos, & Other Stories and Monki as well as the mainline brand, were up 11 per cent to SEK 132bn Swedish Krona (£10bn) in the nine months to the end of [...]
Struggling clothing retailer Gap delivers muted full-year outlook August 18, 2016 Struggling clothing retailer Gap lowered its full-year earnings forecasts as it failed to entice more customers into its shops. The California-based company now expects adjusted earnings per share of $1.87-$1.92 for this year, down from its previous guidance of $2.20 to $2.25. Read more: Gap to close 75 Old Navy and Banana Republic stores globally It came as the [...]
H&M sales rise by 12 per cent in first three weeks of September after weather hit August numbers October 15, 2015 Swedish clothing retailer Hennes and Mauritz (H&M) yesterday reported an 11 per cent jump in sales in September compared with the same month last year. The world’s second-biggest fashion retailer said sales in the first 22 days of September rose 12 per cent, as the weather in many of its large European markets returned to [...]
Abercrombie & Fitch hurt by fierce competition in 14th straight quarterly sales drop August 30, 2016 Fashion retailer Abercrombie & Fitch is the latest US chain to post disappointing results. Shares ditched almost 14 per cent in the pre-market in New York as the company revealed its 14th consecutive quarterly sales decline. It blamed the slump on lower traffic at its out-of-town stores and a drop off in tourist spending. Same-store sales fell by [...]
Supermarket chic: Sainsbury’s to launch new premium fashion brand September 2, 2016 Hobbs, LK Bennett and Whistles could be feeling nervous this weekend – as Sainsbury's prepares to launch its new range of women's clothing early next week. The supermarket group named those three high-end brands in particular as it threw down the gauntlet in the battle to win more customers with its new collection. "The quality and styling [...]
Sports Direct and Debenhams will be hardest hit by Brexit, according to Canadian bank RBC – here’s why August 30, 2016 Debenhams and Sports Direct are likely to be two of the retailers hardest hit by Brexit, according to Canadian bank RBC, due to currency pressures and rising costs for the industry. The analysts predicted that disposable income in 2017 would be flat – as compared to growth of around five per cent this year – [...]
The worst days and routes to travel over Christmas and how to avoid them December 14, 2016 Everyone knows journeys can take a bit longer over the festive period, but there are some times you really don’t want to hit the road. Transportation analytics firm INRIX has found that some trips on major routes will take around four times as long over Christmas compared to other times of the year and the busiest days [...]
Retailers under pressure as the online revolution causes profit warnings to double to seven-year high | City A.M. July 22, 2018 The number of FTSE-listed companies issuing profit warnings rose by 13 to 58 in the second quarter, an increase of 29 per cent compared to the same period last year, according to an EY report published today. The rise was led by the retail sector of the FTSE index, where profit warnings for the first [...]
Sandown betting tips: Just William for punters in Imperial Cup March 9, 2017 AFTER 361 days of waiting, there are now just four days to go until the Cheltenham Festival and Saturday is the last real chance to boost the coffers. Sandown’s highlight is the Matchbook Imperial Cup (3.00pm), a race which dangles a £50,000 carrot if the winner goes on to taste success in the Cotswolds the [...]
Persistent headaches: Five problems facing RBS chief exec Ross McEwan October 28, 2016 Ross McEwan may have been pleasantly surprised as he peaked through his fingers to see what had happened to the Royal Bank of Scotland's (RBS) share price this morning. Read more: RBS shares jump up and down to the noise of loss-making quarter Unfortunately for the chief exec of RBS, an initial jump of five per cent wobbled [...]