Archive for February, 2012
EWM buys Peacocks out of administration
Edinburgh Woollen Mill has bought Peacocks out of administration. Six thousand jobs have been saved but 3,100 will be lost from store closures and more departures at head office. Neil Saunders, Managing Director of Conlumino, comments: “This news comes as something of a surprise as EWM had originally walked away from talks only to return [...]
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February 2012
Asda Q4 results
Asda has posted LFL sales growth of 1% in the 14 weeks to 7 January 2012; over the same period online sales grew by 20%. Neil Saunders, Managing Director of Conlumino, comments: “On the surface a 1% growth rate looks pretty modest. However, this performance compares very favourably to the results from other retailers and [...]
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February 2012
Strong Results for Sports Direct
Sports Direct has announced a strong set of results, with retail sales in the 13 week period to January 22 increasing 10.2% to £408.6m, and retail gross profit increasing 10.7% to £165.0m. Matt Piner, Lead Consultant at Conlumino, comments: “Sports Direct seems to have hit on a magic formula for sports retail, consisting of a [...]
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February 2012
Kingfisher Q4 results
Kingfisher’s Q4 results showed solid trading across the group and heralded a new management structure. As part of this senior management shuffle, the role of Kingfisher’s International CEO has been phased out and its business is being aligned under core fascias and strategic initiatives such as its expanding own brands and Eco business. Simon Chinn, [...]
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February 2012
Thorntons sales decline
Thorntons’ results for the for the 28 weeks ended 7 January 2012 showed a decline in overall profits (before tax and exceptional) to £3.1m from £8.4m last year. At its own stores, sales declined by 5.5% on a like for like basis and by 7.9% on a total basis. Neil Saunders, Managing Director of Conlumino, [...]
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February 2012
News Extras
Recently added news
- Travis Perkins – interim results
- Clinton Cards – expected administration
- From DIY to DFY (done for you)
- Thorntons Q3 trading update
- Morrisons Interim Management Statement
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