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 [...]
JD Sports sales fall in line with forecasts June 9, 2011 Sports retailer JD Sports Fashion has seen sales continue to fall at a growing pace but said the declines remain within its expectations. Sales falls seen in its full-year results have continued over the past three months, giving a like-for-like decline of 2.8 per cent in UK and Ireland net sales. JD Sports, a one-time [...]
JJB revival plan hit as its losses mount May 25, 2011 SPORTSWEAR chain JJB Sports yesterday warned that it will take as long as five years to turn round the business after it reported mounting losses. The full-year losses almost doubled to £181.4m. The retailer was saved from administration in March when it hammered out a company voluntary agreement with its landlords, closing up to 89 [...]
JD Sports negative on growth in 2011 despite sales boost April 13, 2011 JD Sports saw a jump in profit yesterday but remained downbeat about the outlook. The gloomy trading forecast overshadowed better-than-expected profit figures for the past year of £81.6m, after analysts had pencilled in £79m. Same-store sales for the year increased by 3.1 per cent, boosted by strong demand for brands such as Adidas and Nike [...]