Shares in Asos soar on news of boosted profits and revenue October 17, 2018 Shares in online fashion giant Asos soared 15 per cent this morning as it revealed profits were up 28 per cent and sales grew by 26 per cent during a "record year" of investment. Revenue at the retailer was £2.4bn in the year to August 2018, up from £1.9bn in the previous year, while profit before tax grew from [...]
Asda and Sainsbury’s mega merger could hit Aldi and Lidl’s trollies October 17, 2018 Britain’s store wars are intensifying by the day but the force is still strong with German discounters Aldi and Lidl. The price-cutters continued to steal market share from the Big Four supermarkets in the 12 weeks to 7 October, figures from the closely-watched Kantar Worldpanel report showed yesterday. Aldi’s sales growth, its fastest since January [...]
Barbie on a bull run: Resurgent sales in the All-American figurine have proved a saving grace for toy making giant Mattel October 16, 2018 When it happened three years ago, it may have passed you by: after all, Donald Trump had just announced he was running for President, and the EU referendum campaign was getting under way. So you’d be forgiven for not noticing, in 2015, that Barbie dolls had just been given adjustable ankles. And yet the fact [...]
Walmart lowers earnings projections after online push hits profits October 16, 2018 Asda-ower Walmart lowered its earnings forecast for the financial year, after it warned online retail acquisitions would hit profits. The supermarket said its takeover of Indian e-commerce company Flipkart, the largest in the company’s history, would reduce earnings per share by 60 cents in the next financial year, and between 25 and 30 cents this [...]
Crypto A.M. shines its spotlight on Sensify October 16, 2018 Sensify, a UK based company, has developed an Internet of Things software platform for connecting any type of IoT asset. The platform allows the customer to track, trace, monitor, verify and secure its assets in real time. Assets that can connect to the platform include RFID, sensors, telematics devices, inventory and machinery. The IoT market [...]
Oasis and Warehouse Group appoint new chief executive October 16, 2018 Oasis and Warehouse chief executive Liz Evans has stepped down and will be replaced by chief operating officer Hash Ladha, the company announced today. Evans, who has been with the company for eight years after joining the high street brands as managing director in 2010, was credited with returning Warehouse back to profitability and achieving award-winning [...]
Brexit: 23 answers to investors’ questions October 16, 2018 The UK’s scheduled departure from the EU is fast approaching. Many observers are hopeful for an orderly withdrawal. But plenty of potential pitfalls between now and Brexit-day which could result in a chaotic divorce. The only near-certainty at present is that the UK will cease to be a full member of the EU on 29 [...]
Footasylum records £4m loss as difficult retail environment hits profits October 16, 2018 Footwear retailer Footasylum was hit by losses of over £4m in the first half of the year, as the UK's difficult trading environment on the high street took its toll. The figures For the 26 week period ending on 25 August 2018, Footasylum reported an adjusted loss before tax of £4m, compared with a profit of £2.3m [...]
Shopping spree: Aldi and Lidl gain market share at expense of big three supermarkets October 16, 2018 The UK's biggest supermarkets lost ground to their budget rivals in the three months into the start of October, as the return of chilly weather marked the end of a bumper summer of growth. Tesco, Sainsbury's and Asda all lost market share to Aldi and Lidl, with Tesco shedding 0.6 percentage points and Sainsbury's losing 0.4 percentage points [...]
Cake Box leaves a sweet taste in wake of upbeat projection October 15, 2018 Cake Box's shares climbed today after the firm posted an upbeat outlook on its sales and profits. Shares in the cream cake specialist jumped more than eight per cent in morning trading, amid the news that it was expecting profits for the full year to be ahead of current market forecasts. The retailer is projecting revenue [...]