John Lewis Partnership has revealed diving profits in its full-year results as “intensifying margin pressure” at Waitrose drags down figures. In the year to January 27, gross sales across the partnership rose two per cent, with like-for-likes growing at 0.4 per cent and 0.9 per cent at Waitrose and John Lewis respectively
Shopping centre giant Intu has reported growth in revenues, profits and footfall in its full year results outpacing the wider retail property sector. In the full year to December 31, Intu saw net rental income rise 0.5 per cent including a sharp pick up in the second half rising 2.4 per cent
The Lancashire based supermarket Booths has reported ballooning losses for its last full year as damage from storm Desmond continues to hits its margins. In the year to April 1 the grocer reported losses of £14.8 million, more than doubling from £6.3 million a year prior. This was driven by a sales dip of 4.3 per cent to £263.4 million
Game has posted revenue and profit losses for the full year as it continued to struggle with “structural headwinds” and the transformation of its core business. In the 52 weeks to July 29 the video game retailer saw a 3.6 per cent decline in revenues to £782.9 million compared to 2016. Group gross transaction values also fell 2.4 per cent despite a 6.6 per cent boost in the second half of the year.
Asos is expected to reveal how increased global expansion has allowed it to record a spike in full year sales when it releases its annual results on Tuesday. The online giant is expected to post a 35 per cent surge in sales to £1.9 billion, according to a consensus of City analysts. READ MORE: Asos begins same-day delivery In addition, the fashion retailer’s profit is predicted to grow 24 per cent to £79.3 million
WHSmith expects its full-year results will be in line with expectations, boosted by continued “strong” performance in its travel arm, while its high street business continues to make cost savings. In a pre-close trading update released today for the fiscal year ending August 31, the books and stationery retailer reported good sales across all channels while its new store opening programme in the UK and internationally was in line with its plans. WHSmith said its travel business — shops located in train stations and airports — was spurred on by further international openings, including its first three stores in Italy – in Rome’s Fiumicino and Ciampino airports, and one in Turin airport
Asda suffered a slump in both sales and profits in 2016, as the details of its full year results filed at Companies House reveal it was the weakest of the Big 4 in the UK’s supermarket wars. The grocery giant recorded a sales drop 3.2 per cent to £21.7 billion in its full-year period ending December 31, while pre-tax profits slumped by almost 19 per cent to £791.7 million
Australian flash sale retailer MySale recorded a strong year of trading for the 12 months to June 30, with improved financial and operational performance seeing EBITDA jump by 58 per cent to $8.7 million AUD (£5.2 million). In the company’s pre-close trading statement, it indicated that group revenue increased by six per cent to $268 million AUD (£162 million), while online revenue experienced growth of 10 per cent to $240 million (£145 million).