High street brands in fight for middle ground October 11, 2011 ACCORDING to YouGov’s Household Economic Activity Tracker, 55 per cent of UK consumers are more price conscious than they were a month ago, compared to only two per cent who are less price conscious than in September. With the uncertainty about the economy continuing and people keen to make sure they are not overspending, winning [...]
A week full of stock results: what to watch October 10, 2011 TO say we live in interesting economic times would be an understatement. Confidence is low and money is tight. And retail stocks often show investor nerves more prominently than other markets. But it isn’t all bad news: volatility in the market can serve to make the life of the spread better more exciting. So with [...]
High Street boosts discounts September 25, 2011 HIGH street retailers stepped up the battle to win over cash-strapped shoppers this weekend by slashing prices and launching promotions, days after Britain’s supermarkets announced fresh price cutting campaigns. Top fashion retailers including Next and Gap launched a two day “flash sale” over the weekend, with items discounted at 50 and 30 per cent respectively [...]
BEST OF THE BROKERS September 19, 2011 ASSOCIATED BRITISH FOODS UBS upgrades the Primark owner to a “buy” and ups its target price on the stock by six per cent to 1200p, to reflect increased estimates. The broker makes no change to its full year guidance for 2011 of flattish earnings, but raises 2012 estimates by three per cent to put earning [...]
Retail sales fall less than expected September 15, 2011 Retail sales fell slightly less than expected in August, but the underlying trend remained flat, as consumers continued to rein in spending at a time of great economic uncertainty, official data showed. The Office for National Statistics said sales volumes including automotive fuel fell 0.2 per cent last month, slightly better than forecasts for a [...]
WESTFIELD AT STRATFORD: OUR PICK OF THE SHOPS September 13, 2011 CLOTHES & ACCESSORIES ASPINAL OF LONDON The second standalone shop for this affordable heritage brand, Aspinal has a plum position at the start of the Street, and is a wonderfully windowy space, glinting with cufflinks, jewels and charms and full of its signature bright croc skin bags and wallets. FOREVER 21 There were nearly 400 [...]
AB Foods says Primark margin dented by sales September 12, 2011 AB Foods said yesterday that margins were being squeezed at its Primark stores as prices were slashed in the tough consumer climate. The company said it is having to cut prices and launch early sales to keep tills ringing, in an update before the end of its trading year on 17 September. AB Foods, which [...]
ANALYST VIEWS: IS AB FOODS PERFORMING WELL IN TOUGH MARKETS? September 12, 2011 GRAHAM JONES | PANMURE GORDON We have pencilled in 10 store openings at Primark next year, we remain bullish about the expansion opportunities across Continental Europe, where trading has remained strong, and believe the pipeline for new stores remains good. We reiterate our Buy recommendation and 1200p price target ANDREW WOOD | BERNSTEIN Despite having [...]
AB Foods reports flat earnings September 12, 2011 Primark-owner Associated British Foods said it is on track to deliver flat annual earnings on Monday with better than expected sugar profits helping to offset lower than forecast margins at its discount fashion chain. The food and retail group said it expected Primark’s annual like-for-like sales to rise three per cent after a similar rise [...]
Family businesses see sales hike August 17, 2011 THE economy may be weighed down by high inflation and unemployment but family owned businesses appear to be weathering the storm. The top 10 family owned firms all increased their sales in the last year. Total sales for the UK’s biggest family-owned businesses rose 10.2 per cent to £35.5bn, driven by a strong performance from the [...]