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Tag: trading update

Mothercare sales grow in first quarter

Mothercare has recorded an uptick of 1.9 per cent in UK like-for-like sales in its first quarter, but a disappointing run in its Middle Eastern market caused a slump in its international sales. The maternity retailer’s online sales in the UK for the 15 week period ending July also grew by 3.3 per cent

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Sports Direct profit plummets 58%

Profits at Sports Direct plunged by 58.7 per cent to £113.7 million in the year to April 30, becoming one of the high street’s worst victims of the tumbling sterling since the Brexit referendum. The Mike Ashley-owned sportswear retailer said annual profits had more than halved in its last fiscal year because the weakened pound increased costs faster than it was able to put up prices.






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Zalando sees double digit growth in first half

Online fashion giant Zalando has recorded another double digit rise in revenues in its preliminary half year trading update. For the first half of 2017, Zalando saw a 21–22 per cent boost in revenues to £1.82-1.84 billion.






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Zalando sees double digit growth in first half

Online fashion giant Zalando has recorded another double digit rise in revenues in its preliminary half year trading update. For the first half of 2017, Zalando saw a 21–22 per cent boost in revenues to £1.82-1.84 billion.






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Bargain Booze parent company enjoys surge in full-year sales and profits

Conviviality Retail has raised a toast to sky-rocketing full-year sales and profits after a “transformational” year.






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Dunelm expects full-year profit drop despite 4th quarter boost

Dunelm is anticipating a dip in full-year profit despite significant revenue and like-for-like sales growth in its fourth quarter. The homewares retailer said it expects pre-tax profit for the full year to July 1 to come in between £109 million and £111 million, down from the £128.9 million recorded last year due to an “uncertain consumer environment” since the Brexit vote.






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Weakened sterling continues to drive Primark sales surge

The parent company of Primark has posted a quarterly update that shows strong sales at the low-cost fashion chain, bolstered yet again by the Brexit-hit pound. Associated British Foods’ (AB Foods) third quarter revenue growth was 13 per cent at constant currency and 20 per cent at actual exchange rates, which has been attributed to increased profitability at Primark






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“Weaker macro-economic conditions” impact Topps Tiles’ Q3 slump

Sales at Topps Tiles slumped in the third quarter of its fiscal year due to a continuing slowdown in the housing market and tougher market conditions. The retailer said like-for-like sales fell 4.7 per cent in the 13-week period to July 1, which it attributed to “weaker macro-economic conditions”. By comparison, in the same quarter last year like-for-like sales was up by 6.2 per cent due to a robust housing market and before stamp duty changes came into affect






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