Boohoo shares drop despite retailer lifting 2019 guidance after strong sales growth January 15, 2019 Boohoo had no cause for tears this morning as it revealed rocketing revenue helped it end 2018 on a high, raising guidance for its full-year sales. Sales grew 44 per cent year on year to £328.2m in the four months to the end of December, up from £228.2m in the same period in 2017. Read [...]
Profiting from the retail revolution: What’s hot and what’s not? January 15, 2019 It turns out that so-called Super Thursday wasn’t so super after all. Despite being lauded as a day when retailers boast strong figures from the festive period, last Thursday proved to be a mixed basket of results. With consumers feeling the pinch and Brexit-sized uncertainty looming large over the high street, it’s not surprising that [...]
Big brands doing big deals show the UK sports sponsorship industry remains in rude health January 14, 2019 January is typically the time to look forward, to forecast and predict what will happen in the coming year. To understand the state of the UK sponsorship industry, however, it’s more worthwhile to look at what happened in the months leading up to Christmas. Rewind to the week after Black Friday in December and big [...]
Littlewoods and Very owner Shop Direct enjoys Christmas sales bounce January 14, 2019 Very and Littlewoods operator Shop Direct saw a rise in revenues over the festive period, as Black Friday discounts and Christmas shopping boosted sales. Revenue climbed 3.7 per cent year-on-year for the seven weeks to 28 December, with clothing and footwear seeing a particular bounce, rising eight per cent at group level. Very, the company’s [...]
JD Sports eyes strong profits thanks to international expansion January 14, 2019 JD Sports today said it expects full-year profits to hit the higher end of its targets as international growth helped defy tough retail conditions. The sports retailer reported total sales growth of 15 per cent in the 48 weeks to 5 January, with like-for-like sales up five per cent in the same period. Read more: Retail [...]
City focuses on Boohoo as online giant hopes to defy retail gloom January 13, 2019 Online fashion giant Boohoo looks set to defy the gloom hanging over Britain’s retail industry later this week when it is expected to post another quarter of sharp sales growth. The City will be turning its attention towards the e-commer giant to see whether its festive fortunes were enough to buck a current trend of dismal [...]
UK economy posts slowest growth in six months but beats lower expectations January 11, 2019 The UK economy grew at its slower rate in six months between September and November, data released today shows, but still managed to beat lower expectations. GDP grew by 0.2 per cent in November compared to the month before, and by 0.3 per cent in the 12 weeks to the end of the month, the [...]
Suits you: Moss Bros shares rise after better-than-expected Christmas trading update January 11, 2019 Shares in Moss Bros rose this morning after the suit retailer announced a better-than-expected set of results for the Christmas period. Shares were up 2.6 per cent at 26.9p after the retailer said sales for the 23 week period from 29 July to 5 January were 0.6 per cent ahead of last year and one [...]
White goods retailer AO World sees rise in sales thanks to Black Friday boost January 11, 2019 Online retailer AO World defied Christmas woes to post a rise in revenue in the third quarter, boosted by strong Black Friday trading. The white goods specialist said UK sales grew 4.4 per cent in the three months to the end of December, while overall group revenue was up 8.2 per cent. But the firm [...]
Retail’s Super Thursday: The good, the bad and the ugly January 10, 2019 Today's so-called Super Thursday delivered a very mixed shopping basket of retail results, from some fresh bargains ready to be snapped up to others in danger of being labelled as out of date. Tesco, John Lewis, DFS, Debenhams and more released their results on a day dubbed Super Thursday, but which coincided with a dire [...]