Menu

Tag: appeared-first

Zalando posts sales uptick after “challenging” October

Zalando has said it would push ahead with its strategy to increase market share this year after its preliminary fourth-quarter report indicated sales growth and operating profit in line with analyst expectations. The online fashion retailer said preliminary sales figures for the quarter rose between 21.2 per cent and 23.2 per cent to €1.32 billion (£1.17 billion) to €1.34 billion (£1.18 billion), despite a “challenging” October. READ MORE: Zalando announces ambitious partnership expansion plans It said adjusted EBIT is expected to come in between €107 million (£95 million) and €120 million (£106 million) for the same period, up from €95.6 million (£85 million) in 2016

0 Comments
Read Full

Seasalt Christmas sales surge 52%

Fashion and lifestyle retailer Seasalt has had a record year for Christmas trading, recording a 52 per cent year-on-year increase in overall sales. For its five week period leading up to January 6 strong sales growth was recorded both online and in-store, with 72 per cent online year-on-year growth, and store sales up by 40 per cent year-on-year. Seasalt’s trading in the Christmas period was not limited to the UK, with international sales up by 77 per cent.






0 Comments
Read Full

Retailers buy over £250,000 in own shares after dismal Christmas trading

Retailers have spent hundreds of thousands of pounds buying up their own shares after dismal Christmas trading updates sent share prices tumbling. Debenhams, Card Factory and Mothercare have spent a collective £274,713 on their own stock in the wake of the release of anaemic financial figures, according to The Telegraph






0 Comments
Read Full

Matalan enjoys growth over Christmas and third quarter

Matalan has enjoyed growth in both operating profit and full-price sales during its third quarter and Christmas trading period. Over the 13 week period ending November 25, EBITDA surged by 27.9 per cent year-on-year to £44.9 million, while over the five-week period ending December 30 it grew 15.5 per cent year-on-year to £22.3 million.






0 Comments
Read Full

No Christmas cheer expected for Primark parent company

The parent company of Primark is forecast to post a dip in sales during its first quarter this week, but analysts say the value fashion retailer has been doing well on its own. Association British Foods (ABF) will release its quarterly update on Thursday, which will also reveal how the company fared over the crucial Christmas trading period. READ MORE : Primark revenues surge 19% According to City AM , analysts at Credit Suisse predict ABF would post a one per cent dip in like-for-like sales, but sales in its UK market would be positive.






0 Comments
Read Full

No Christmas cheer expected for Primark parent company

The parent company of Primark is forecast to post a dip in sales during its first quarter this week, but analysts say the value fashion retailer has been doing well on its own. Association British Foods (ABF) will release its quarterly update on Thursday, which will also reveal how the company fared over the crucial Christmas trading period. READ MORE : Primark revenues surge 19% According to City AM , analysts at Credit Suisse predict ABF would post a one per cent dip in like-for-like sales, but sales in its UK market would be positive.






0 Comments
Read Full

Buyers circle New Look as bond prices plummet

Potential buyers are reportedly circling New Look, hoping to capitalise on its current financial woes which have caused its bond prices to plummet. According to The Mail on Sunday, several anonymous buyers are considering buying up swathes of cheap bonds






0 Comments
Read Full

Buyers circle New Look as bond prices plummet

Potential buyers are reportedly circling New Look, hoping to capitalise on its current financial woes which have caused its bond prices to plummet. According to The Mail on Sunday, several anonymous buyers are considering buying up swathes of cheap bonds






0 Comments
Read Full

New Look crisis deepens as it considers CVA

New Look is reportedly drawing up plans for a Company Voluntary Agreement (CVA) after its insurers cancelled cover to its suppliers. According to Sky News , the fashion retailer is allegedly putting together a plan to close around 10 per cent of its stores and restructure its finances with a CVA






0 Comments
Read Full

Footasylum revenues rise by a third since stock market float

Revenues have risen by a third at Footasylum, with the footwear retailer posting growth across all three sales channels during its Christmas trading period. For the 18 weeks to December 30 – the same period when Footasylum completed its initial public offering in November was became listed on the AIM – revenues shot up 33.4 per cent to £89.8 million






0 Comments
Read Full