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Euro slides on ECB currency concerns - as it happened image
Source : Guardian [Read Article] Thursday 17th of August 2017 07:14:46 AM
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Greggs sees window of opportunity in drive-through shops image
Source : Guardian [Read Article] Tuesday 1st of August 2017 03:27:01 PM
.... Alongside the drive-through branch, Greggs is also testing the customer appetite for a delivery service. GlobalData analyst Molly Johnson-Jones said the decision to recast the baker as a food-to-go chain had been a successful one, with much of the sales growth coming from new products such as coffee, porridge and lower calorie wraps. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
....”. Reckitt Benckiser said on Monday that it expects muted sales growth this year, after last month’s global cyber-attack exacerbated ongoing difficulties at the British consumer goods firm. ...
'Britain is fast becoming the sick man of Europe' – experts debate Brexit data image
.... The average level of retail sales volumes in the first half of this year is almost identical to the second half of 2016. In other words, the underlying trend is flat, after three years (2014 to 2016) when average retail sales growth was nearly 4. ...
Quiz float makes fashion firm's founding family some of Scotland's richest image
....Current trading was strong with total sales up 37% in April and May compared with a year ago. Within that, online sales were up 118% while its stores and concessions delivered like-for-like sales growth of 16%. ...
Mr Kipling maker hit by shoppers' switch to own-label products image
Source : Guardian [Read Article] Thursday 20th of July 2017 08:29:00 AM
....The company has also been hit by rising costs linked to the fall in the pound since the Brexit vote. Premier stuck to its forecasts for the full year, saying it would return to sales growth in the second quarter and post flat sales for the first half. ...
Tesco faces in-depth investigation into £3.7bn Booker takeover image
Source : Guardian [Read Article] Wednesday 12th of July 2017 08:31:46 AM
.... In recent years, the retailer has been hit by growing competitions from discount chains and an accounting scandal. Current boss Dave Lewis was parachuted in from Unilever to turn around the business, and under his leadership Tesco reported its first year of sales growth since 2010. ...
Bar and restaurant chains scale back UK expansion as costs rise image
Source : Guardian [Read Article] Tuesday 11th of July 2017 04:52:05 PM
....However, there was also a positive note with nightclubs experiencing 3. 6% sales growth after a period of decline, according to the ALMR Christie & Co benchmarking report released on Tuesday. ...
Sainsbury's sales helped by hot weather image
Source : BBC [Read Article] Tuesday 4th of July 2017 07:07:05 AM
....This is the best quarterly performance by Sainsbury's in years, with sales up across the board. Like the other main supermarkets, inflation is driving some of this sales growth. ...
Sainsbury's sales sizzle as shoppers snap up paddling pools image
Source : Guardian [Read Article] Tuesday 4th of July 2017 06:53:35 AM
. Demand for fresh fruit and veg and a dash for paddling pools, summer clothes and fans helped Sainsbury’s deliver its strongest sales growth in more than four years. ...
Ice-cream demand fires up supermarket sales in June image
Source : Guardian [Read Article] Tuesday 27th of June 2017 09:11:01 AM
....2% decline a year before, according to the latest market share data from Kantar Worldpanel. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “The market’s robust performance this period is partly down to particularly weak sales growth last year and a continuing increase in like-for-like grocery inflation, which is now running at 3. ...
DFS warns over profits in latest sign of UK spending squeeze image
Source : Guardian [Read Article] Thursday 15th of June 2017 09:32:26 AM
.... Fooring specialist Topps Tiles warned last month that its annual profits would come in towards the bottom of City expectations after a slowdown in sales this year. Majestic Wine’s chief executive, Rowan Gormley, said the retailer was “preparing for the worst”, with the pace of UK sales growth expected to shrink to less than 5% in the year. ...
Boohoo co-founder sells £80m in shares as he reveals 'supersite' plan image
....The retailer exceeded expectations for first-quarter sales, which more than doubled to £120m in the three months to 31 May. Boohoo also raised its guidance for full-year sales growth to 60%, from an earlier forecast of 50%. ...
Gin sales help fill Treasury coffers as spirits raise more money than beer image
....17bn in tax, up 5% on the year. British drinkers bought 40m bottles of gin in 2016, in a spending spree that outstripped sales growth in beer and sparkling wine, enough to make 1. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
....Investors in small firms often want an early pay-back, while the costs of expanding a business can be heavy. However, he says that while founders will see sales growth and "get a pay-off", most are "deluded" if they think their values will be protected. ...
Nintendo's share price hits seven-year high as Switch sales soar image
Source : Guardian [Read Article] Wednesday 24th of May 2017 01:29:39 PM
....Last month, Nintendo said it expected its new Switch console, which it launched on 3 March, to end an eight-year sales decline and double annual operating profit. The last time Nintendo saw sales growth was in March 2009. ...
Foot Locker shares plunge after weak sales image
Source : BBC [Read Article] Friday 19th of May 2017 04:03:23 PM
....Foot Locker, which has a global footprint of more than 3,350 stores and brands such as Champs Sports and Runners Point, said total profits were $180m in the quarter, down more than 5%. Deutsche Bank analyst said Paul Trussell said industry analysts did not have confidence that Foot Locker could deliver on its promised sales growth in the rest of the year. ...
Price rises caused by Brexit a big worry for UK consumers, survey finds image
....The drive to cut sugar in British diets has led to increased sales of bottled water. Half (48%) of bottled water drinkers admitted concerns over sugar had prompted them to make the switch, triggering sales growth of 9% in 2016 to £2. ...
Sales growth grinds to a halt for TK Maxx image
Source : BBC [Read Article] Tuesday 16th of May 2017 03:15:57 PM
. Retail group TJX has reported soft sales growth, further clouding the outlook for the US retail industry. ...
Labour has big spending ideas, but no plan to earn our trust | Phillip Inman image
.... Figures from the car industry illustrate how driving has become a national obsession to rival shopping. Three years of double-digit sales growth have put a shiny new piece of metal on wheels outside millions of homes. ...
Tesco chief executive Dave Lewis sees pay fall 10% image
Source : BBC [Read Article] Friday 12th of May 2017 02:48:01 PM
....6% of his potential short-term bonus. The fall, disclosed in the annual report, came despite Tesco seeing a jump in profits and achieving its first annual sales growth in seven years. ...
Tesco boss's bonus cut despite first sales growth in seven years image
Source : Guardian [Read Article] Friday 12th of May 2017 07:21:20 AM
. The boss of Tesco, Dave Lewis, saw his pay package shrink last year despite leading the company to its first year of sales growth in seven years. ...
Sliding sales stoke fears for US department stores image
Source : BBC [Read Article] Thursday 11th of May 2017 04:39:56 PM
....How long will you wait for a shopping website to load?. The US Commerce Department will release retail sales figures on Friday that are expected to further underline online sales growth outstripping those at brick-and-mortar stores. ...
Adidas finds buyer for its golf unit image
Source : BBC [Read Article] Thursday 11th of May 2017 07:22:31 AM
....Adidas put the golf brands, which have struggled as the sport has declined in popularity in its traditional markets in the US and Western Europe, up for sale last year. From a sales point of view, other sports such as athletics and basketball offer more attractive opportunities for sales growth. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
....5%, is unchanged. Ernesto Bisagno, senior analyst at Moody’s and lead analyst for Next, said the figures were weaker than he had expected, “especially in light of the strong retail sales growth in March for the UK textile industry as a whole”. ...
FTSE 100 lifted by HSBC and Shell results image
Source : BBC [Read Article] Thursday 4th of May 2017 08:36:35 AM
....Shares in Shell were up nearly 3% after it reported a sharp rise in first-quarter profits, helped by higher oil prices. The UK's fourth-largest supermarket chain, Morrisons, reported another quarter of healthy sales growth, but after a bright start to trading the shares fell back and by midday they were down 0. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
....But Sainsbury’s warned this would have an impact on its newly enlarged non-food business. “General merchandise and clothing sales growth have been impacted by reduced consumer confidence and a marked slowdown in real pay growth. ...
Lidl on course to surpass Waitrose and enter UK supermarket top seven image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 08:24:46 AM
....2 percentage points behind Waitrose. Britain’s supermarkets enjoyed the fastest sales growth in three-and-a-half years over the past three months, boosted by a pickup in food inflation and strong sales of Easter eggs. ...
Sainsbury's warns of rising costs as profits fall 8.2% image
Source : BBC [Read Article] Wednesday 3rd of May 2017 06:27:59 AM
....Group sales in stores open for more than a year fell 1%. Sainsbury's said that general merchandise and clothing sales growth had been hit by reduced consumer confidence and a marked slowdown in real pay growth. ...
House prices fell again in April, Nationwide says image
Source : BBC [Read Article] Friday 28th of April 2017 07:25:06 AM
...."Affordability pressures" in some parts of the country were also having an impact, Nationwide added. "Various data suggest that the latest slowdown in house prices may be part of a broader trend," said Robert Gardner, Nationwide's chief economist, noting that retail sales growth had slowed "markedly" in recent months. ...
Boohoo online fashion retailer sees its profits double image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:17:43 AM
....The Manchester-based firm puts its success down to "combining cutting-edge, aspirational design with an affordable price tag". Its booming sales growth has also been reflected in its share price, which has more than trebled in the past year. ...
Costa coffee owner Whitbread wary over prospects image
Source : BBC [Read Article] Tuesday 25th of April 2017 10:47:43 AM
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
Reckitt Benckiser says Mead Johnson takeover on track image
Source : BBC [Read Article] Friday 21st of April 2017 07:17:50 AM
....The announcement came as the company, whose brands include Dettol, Durex, and French's ketchup and mustard, reported flat first quarter sales. But it said it was on track to hit its full year sales growth target of 3%. ...
Unilever sales rise on higher prices image
Source : BBC [Read Article] Thursday 20th of April 2017 08:45:55 AM
....Analysts said Thursday's report pointed to a positive future for Unilever. The firm said it expects to deliver sales growth of 3% to 5% for the year. ...
Sharp rise in UK food prices inflates household shopping bill image
Source : Guardian [Read Article] Tuesday 4th of April 2017 09:17:14 AM
....7% of the grocery market, according to Kantar. Lidl was the fastest-growing retailer with sales growth of 15%, taking its market share to 4. ...
Online retailer Asos sees exports boosted by weak pound image
Source : BBC [Read Article] Tuesday 4th of April 2017 07:32:22 AM
...."ASOS' market cap now exceeds that of several FTSE 100 companies. However, with plenty of untapped potential across Europe and the US, the king of the AIM market [a junior stock market] has plenty of gas left in the tank, and looks set to continue its impressive record of double digit sales growth for years to come," he added. ...
Sainsbury's sales fall but Argos growth strengthens image
Source : BBC [Read Article] Thursday 16th of March 2017 07:24:57 AM
....1% rise in like-for-like sales seen in the 15 weeks to 7 January. Sainsbury's convenience stores saw total sales growth of almost 7%, with 10 new outlets opening in the quarter. ...
Domino's feels the heat as Pizza Hut takes a slice out of sales image
Source : Guardian [Read Article] Thursday 9th of March 2017 03:00:22 PM
. Domino’s Pizza suffered a sharp slowdown in sales growth in early 2017 as rival Pizza Hut cut prices and consumers reined in spending. ...
Lego misses out on top toy maker slot image
Source : BBC [Read Article] Thursday 9th of March 2017 12:51:17 PM
John Lewis staff bonus cut again image
Source : BBC [Read Article] Thursday 9th of March 2017 09:27:42 AM
....2%, with both John Lewis and Waitrose increasing their market share. The John Lewis department stores, which say they are "never knowingly undersold" on price, saw sales growth in all major areas. ...
Has wearable tech had its day? image
Source : BBC [Read Article] Sunday 5th of March 2017 01:47:11 AM
....0, suggest the industry has not given up on them yet. In December 2016 Apple CEO Tim Cook said sales growth was "off the charts" following the release of the Apple Watch 2 in September, and Android watchmaker Samsung showed the biggest growth year-on-year in IDC's report. ...
Sorrell: companies that offend good governance tend to perform better image
....WPP hit its target of 3. 1% net sales growth, the key metric watched by analysts and investors, but said a slow start to 2017 has seen that figure fall to 1. ...
Asda imposes harsher terms on suppliers after pound's Brexit slide image
Source : Guardian [Read Article] Thursday 2nd of March 2017 10:25:36 AM
....It is the weakest of the big four grocers and its sales have lagged behind Tesco, Sainsbury’s and Morrisons. Last month it posted its 10th consecutive quarter of negative sales growth. ...
'The economy looks set to be slowing again' – experts debate Brexit watch data image
....But the evidence from the data for the first month of this year is more uncertain. Retail sales growth is now clearly being squeezed by rising inflation. ...
Under Armour reveals bounceback plan after shares plummet 30% image
Source : Guardian [Read Article] Thursday 9th of February 2017 07:00:16 AM
....Shares in the US maker of sportswear have fallen by around 30% in February after it warned that sales grew far less than expected in the final three months of 2016 and it had suffered its worst performance in seven years. The company, which also sponsors Sir Andy Murray and golfer Jordan Spieth, had previously reported 26 consecutive quarters of sales growth of more than 20%. ...
Waterstones makes first year of profit since 2008 financial crash image
Source : Guardian [Read Article] Wednesday 1st of February 2017 04:59:43 PM
....7% rise over Christmas. Mamut has spent about £100m on transforming Waterstones into a more efficient and modern retailer and, with sales growth and profits now on the rise, he is expected to cash out within the next few years. ...
VW becomes world's No 1 carmaker despite diesel emissions scandal image
Source : Guardian [Read Article] Monday 30th of January 2017 01:55:34 PM
....8% rise from 2015. A major contribution was booming sales growth of 12% in a year in China, where VW sells few diesel vehicles. ...
Marmite maker: it was right to increase prices after Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:20:25 PM
....Analysts said Unilever’s track record suggested it should be able to withstand the economic and political headwinds. George Salmon, analysts at Hargreaves Lansdown, said: “Weaker than expected sales growth, depressed by a disappointing performance in Europe and Latin America, isn’t good news, but the group’s longer-term record shouldn’t be hastily discarded. ...
Deliver-roll! Greggs starts delivery service to London bankers image
Source : Guardian [Read Article] Tuesday 17th of January 2017 09:19:04 AM
....The company said full-year results for 2016 would be better than expected following a positive fourth quarter, but warned of greater uncertainty in the year ahead as consumer budgets come under pressure and business costs rise. Whiteside said: “We finished 2016 well, delivering our 13th consecutive quarter of like-for-like sales growth, and anticipate that we will report full-year results for 2016 slightly ahead of our previous expectations. ...
UK Christmas retail: the winners and losers image
Source : Guardian [Read Article] Thursday 12th of January 2017 01:23:56 PM
.... Fresh fruit and vegetables, beers, wine and spirits, and Morrisons’ new upmarket The Best range did well, while sales of the Nutmeg clothing range rose 30%. Britain’s second biggest supermarket chain surprised the City with a record Christmas and its first sales growth since March. ...
Jingle tills image
Source : BBC [Read Article] Thursday 12th of January 2017 01:08:49 PM
....5% - while John Lewis, Debenhams, Ted Baker and online retailers Boohoo. com and Asos also reported sales growth. ...
M&S: Good news finally? image
Source : BBC [Read Article] Thursday 12th of January 2017 12:23:35 PM
....Elsewhere, there was good news tempered with caution about the coming year. This was best expressed at the John Lewis Partnership, which reported like for like sales growth of just under 3% at both the department store chain and the grocery business, Waitrose. ...
Tesco hails turnaround as festive sales increase image
Source : Guardian [Read Article] Thursday 12th of January 2017 09:18:49 AM
....Lewis said Tesco had improved customer service and ranges, helping to boost sales of party food by 24%, premium wine by 20% and Free From specialist allergy-free foods by 18%. Britain’s biggest food retailer said it had achieved the sales growth despite deciding not to repeat last year’s loyalty card promotion, which it said had hit performance by 0. ...
Record Christmas at Sainsbury’s 'shows logic of Argos takeover' image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:29:40 AM
....4bn takeover of Argos, according to the supermarket’s boss. Sainsbury’s shares rose more than 6% as the retailer surprised the City with a record Christmas week and its first sales growth since March, before settling back to close just over 1% higher. ...
Basic shop disciplines deliver Morrisons a merrier Christmas image
Source : Guardian [Read Article] Tuesday 10th of January 2017 03:13:19 PM
....Let’s not get carried away, however. That boast about Christmas 2016 witnessing the strongest performance in seven years is strictly defined in terms of like-for-like sales growth (up 2. ...
Majestic Wine sales up 7.5% over firm's 'biggest ever' Christmas period image
Source : Guardian [Read Article] Tuesday 10th of January 2017 01:53:14 PM
....4%. Analysts had feared Majestic would not achieve its expected sales growth of 6% after the company issued a profit warning in September because of a failed marketing campaign in the US and weak sales to business customers. ...
FTSE 100 marks record winning streak image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:43:26 AM
Food sales drive 'bumper' Christmas for retailers image
Source : BBC [Read Article] Tuesday 10th of January 2017 12:02:01 AM
....Helen Dickinson, chief executive of the BRC, said: "Despite the slow start to the Christmas trading period, the week itself was a bumper one and exceeded expectations. "It delivered the majority of sales growth for the month, proving even bigger than the Black Friday period - which is the reverse of what we saw the year before. ...
Last-minute Christmas rush lifts UK retail sales image
Source : Guardian [Read Article] Tuesday 10th of January 2017 12:01:18 AM
....UK retail sales continued to grow at the end of last year as Britons made a late dash for Christmas gifts and festive foods, according to industry figures that add to signs the economy ended 2016 on a strong note. The British Retail Consortium (BRC) pointed to challenges ahead from rising costs and political uncertainty but said its members went into the new year having enjoyed solid sales growth over the crucial Christmas period. ...
Jaguar Land Rover and Rolls-Royce car sales rise image
Source : BBC [Read Article] Monday 9th of January 2017 07:24:06 AM
....The only market where conditions were difficult was the Middle East, "where consumer demand for all luxury goods was dampened by economic and political uncertainty". Its chief executive Torsten Mueller-Otvos told the BBC that its sales growth reflected a worldwide improvement in the luxury goods market generally. ...
Aldi reports record Christmas sales image
Source : BBC [Read Article] Monday 9th of January 2017 12:05:48 AM
....Analysts think that Marks and Spencer, which publishes its trading update on Thursday, can hardly fail to improve on 2015's Christmas trading, when sales at its non-food business fell almost 6%. Andrew Wade, from Numis Securities, thinks that M&S could report sales growth in clothing and homewares of 1%. ...
Good Christmas? M&S set to surprise as retailers reveal festive sales image
Source : Guardian [Read Article] Sunday 8th of January 2017 02:14:45 PM
....“The worry is that increased discounting/price matching will have cost John Lewis quite a bit of gross margin,” said Bubb. “Also the skewing of sales growth to online will have been expensive in terms of fulfilment and distribution costs. ...
Jamie Oliver to close six restaurants in 'tough market' after Brexit vote image
....Oliver currently has 42 Jamie’s Italian restaurants in the UK and more than 36 abroad run under his name. “Our overall business is in very good shape, we finished last year with like for like sales growth and an increase in covers,” said Blagden. ...

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