Moss Bros moves into the black September 27, 2011 Moss Bros swung to a first-half adjusted pre-tax profit, helped by cost cuts and strong sales across both its hire and retail markets and said it expected outturn for the full year to be ahead of its prior view. The menswear retailer said trading in the eight weeks ended 24 September has been impacted by [...]
JD Sports earnings up despite £700k hit from UK looters September 21, 2011 SPORTSWEAR retailer JD Sports Fashion, whose shops were widely targeted by looters during last month’s riots in several cities, yesterday posted a 21 per cent rise in first-half profit and said it was well positioned for future growth. The firm, which trades as JD Sports, Size, Bank, Scotts and Chausport, said stock totalling £700,000 was [...]
JD Sports sees profits rise despite £700k hit from looting September 21, 2011 Sportswear retailer JD Sports Fashion, whose shops were widely targeted by looters during last month’s riots in several cities, posted a 21 per cent rise in first-half profit and said it was well positioned for future growth. The firm, which trades as JD Sports, Size, Bank, Scotts and Chausport, said on Wednesday stock totalling 700,000 [...]
Debenhams eyeing web sales growth September 18, 2011 DEBENHAMS will issue its first results under new boss Michael Sharp tomorrow with an added emphasis expected to be placed on online growth. The figures for the fourth quarter come as UK retailers face headwinds as household budgets are squeezed. Analysts are expecting the chain to focus on its international growth – particularly at its [...]
THE WEEK AHEAD September 18, 2011 COMPANY NEWS ● Gulfsands Petroleum, Highland Gold Mining and Petra Diamonds all announce today. All are looking for strikingly good results. ● Tomorrow, the UK-listed holding company of the Carnival group – the world’s largest cruise ship operator is dual-listed in New York and London – announces. It will be hoping for smooth sailing. ● [...]
Owner of Hunter wellies and Boxfresh trainers sees profits jump 46 per cent July 5, 2011 THE retailer behind Hunter wellies and Boxfresh trainers saw pre-tax profit jump 46 per cent to £96.6m last year, its accounts showed yesterday. Pentland Group, which also owns 57 per cent of sports retailer JD Sports, added 1,026 new staff last year, boosting its global workforce by 8.5 per cent to 13,141, and said it [...]
…as JD Sports Fashion buys its Cecil Gee brand June 20, 2011 JD Sports Fashion has bought a slice of Spanish chain Sprinter and Moss Bros’s eight Cecil Gee stores. The company now has holds 50.1 per cent of Sprinter, which include 47 shops in the Andalusia and Levante regions. JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares. The retailer bought the [...]
JD Sports in Spanish acquisition June 20, 2011 JD Sports Fashion has bought a slice of Spanish chain Sprinter and eight Cecil Gee stores, it said today. The company now has holds 50.1 per cent of Sprinter which include 47 shops in the Andalusia and Levante regions. JD Sports has invested €20m (£17.7m) into Sprinter through a subscription for shares. The retailer bought [...]
Halfords defies retail gloom to post profit rise June 9, 2011 HALFORDS shook off the gloom hanging over the UK retail sector yesterday to announce a 7.2 per cent rise in pre-tax profit in the past year. Customers bought more car parts and fitted them at Halfords stores as they cut back on expensive services or new vehicle purchases, chief executive David Wild told City A.M. [...]
FTSE falters as retailers slide June 9, 2011 Stocks defied downbeat expectations to post gains this morning but have since downhill after a number of UK retailers said sales were falling. Heavyweight banking stocks are also down following yesterday’s Treasury Select Committee debate over whether to ringfence their operations, and Vince Cable’s attack on their lending levels on Tuesday. State-backed Lloyds Bank is [...]