After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Aldi becomes sixth biggest food retailer but sales growth slows April 8, 2015 ALDI has overtaken Waitrose as the UK’s sixth biggest supermarket, according to figures out yesterday that also cautioned that growth among the discounters was slowing. Aldi’s sales grew by 16.8 per cent in the 12 weeks to 30 March compared with a year earlier, taking its market share to 5.3 per cent, data from Kantar [...]
Retail sales on continent dip April 8, 2015 RETAIL sales in the Eurozone dropped slightly in February, but economists said the longer-term trend remains robust. Sales volumes dropped by 0.2 per cent compared with January, according to figures released yesterday by Eurostat – Europe’s official statistics office. “Eurozone retail sales look a bit disappointing, but don’t be misled. The decline in the latest [...]
Aldi knocks Waitrose off its spot as UK’s sixth biggest supermarket April 8, 2015 Aldi has overtaken Waitrose to become the UK's sixth biggest supermarket. The budget supermarket, which has recorded double-digit sales growth for the past four years, now has 5.3 per cent of the country's spend on groceries, according to Kantar Worldpanel. Waitrose is still in growth – in fact just one of three to see [...]
Naked Wines toasts to strong sales of rosé April 7, 2015 NEVER MIND the chocolate eggs. Britons were celebrating Easter this year with a glass of rosé, according to Naked Wines, which reported a jump in sales over the Bank Holiday weekend. The boutique online wine retailer, whose customers, or angels, invest over £2m each month towards future orders, said sales of rosé wine jumped by [...]
Shoppers shun the high street after Easter Bank Holiday wash-out April 7, 2015 Retailers were dealt a major blow this weekend as the Easter Bank Holiday wash-out caused a slump in visits to the high street, according to figures released yesterday. Data company Springboard said that footfall across high streets, shopping centres and retail parks fell by two per cent between Good Friday and yesterday at midday compared [...]
Does Good Friday spell bad times ahead? – Bottom Line April 7, 2015 At first glance, Springboard’s footfall figures for the Bank Holiday weekend seem frightening enough to scare away the Easter bunny – especially on the high street where footfall declined as much as 10 per cent on Good Friday. It is as though Britons received the wrong memo – believing that shops in fact weren’t open, [...]
Marks & Spencer’s share price jumps as retailer finally breaks 14-quarter decline in general merchandise April 2, 2015 The numbers Marks and Spencer has recorded its first growth in general merchandise – the division heavily focused on clothing – in 14 quarters. The like for like growth of 0.7 per cent for the three months to March 28 brings to a close a two-and-a-half-year downwards spiral that has plagued chief executive Marc Bolland's tenure. [...]
Asos profit hurt after lowering prices overseas April 1, 2015 SHARES in Asos jumped as much as nine per cent yesterday after the online fashion giant drew a line under last year’s disastrous performance and posted a better-than-expected decline in first-half profit. The group, which targets twenty-something shoppers, had a rollercoaster year after a fire broke out at its warehouse in Yorkshire and international sales [...]
Rangers: Four things you need to know from the club’s financial results April 1, 2015 British football's most turbulent club Rangers released their financial results yesterday, and predictably there were new revelations to discuss and more facts to depress fans. The future is looking slightly more rosy with a more popular board at the helm, but there remains an awful lot of fixing up to do if Rangers are going [...]
Asos UK sales soar but half year profit is cut by 10pc April 1, 2015 Asos' share price soared more than six per cent this morning after releasing a bullish statement for the rest of the year. The figures Asos has reported a rise in group revenue for the first half to 28 February, with group sales climbing. 14 per cent. UK retail sales soared 27 per cent but profit before [...]