Year: 2019

Ted Baker announces 12% Christmas sales rise

Ted Baker has announced a 12.2% retail sales rise for the five weeks leading up to 5 January 2019. The fashion label said it had achieved the positive figures despite “a backdrop of increased promotional activity”. The brand said it had also seen an increase in e-commerce sales of 18.7%…

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Footasylum issues profit warning after ‘challenging’ Christmas trading conditions

Footwear retailer, Footasylum has issued a profit warning following “challenging trading conditions” during the festive period. Footasylum said it would cut costs after it changed expectations for gross margin in the 2019 financial year, despite revenue still expected to remain as forecast. The retailer blamed “market backdrop, promotional activity and…

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Morrisons posts fourth consecutive year of Christmas growth

Supermarket giant Morrisons’ group like-for-like sales increased by 3.6% for the nine weeks to 6 January 2019, its fourth consecutive Christmas of growth. The figure comprises contributions from retail of 0.6% and wholesale of 3%, with total sales also up 4% excluding fuel (3.8% including fuel). In a statement Morrisons…

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Turning marginal into massive gains for retailers

No-one talks about retail in terms of online and offline anymore. The word omnichannel entered and left our parlance with equal speed. Retailers are now focused on providing customers with the choice, experience and delivery they want, when they want it – regardless of the channel on which any part…

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Missguided posts £46.7m loss

Online fashion retailer Missguided has posted a £46.7m loss in its financial results for the 53 weeks ending 1 April 2018 in what it described as an “extremely challenging” year. This is compared with a loss of £1.6m in the 2017. The company said its profitability was “severely impacted” by…

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Joules continues to defy retail gloom over festive period

Joules has continued to defy the retail gloom with an 11.7% sales increase over the festive period. During the seven weeks ending 6 January the clothing and lifestyle retailer said that online sales attributed to almost half of all sales. Joules said the performance was driven through its own digital…

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How retailers can benefit from corporate structure simplification

“Any intelligent fool can make things bigger and more complex. It takes a genius and a lot of courage to move in the opposite direction.” Whilst I’m sure Albert Einstein was referring to complex physics when he made this assertion, his words are true for business generally and more specifically,…

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Aldi posts ‘record’ Christmas sales

Budget supermarket chain Aldi has has reported sales of almost £1bn for the month of December 2018, 10% higher than the previous year. The group said the week commencing 17 December was Aldi’s “busiest-ever in the UK”, and added that the strong sales performance was driven by a “surge in…

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Morrisons to launch new vegan range off the back of 6% sales increase

Morrisons has announced a 6% total sales rise excluding fuel for the 13 week period to 4 November. The supermarket chain said sales growth had eased quarter-on-quarter “without the impact of the favourable weather and World Cup”. Like-for-like sales excluding fuel at Morrisons were up by 5.6%, the supermarket said…

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Dunelm posts 9% revenue surge over festive period

Homeware retailer Dunelm has posted a 9% increase in total like-for-like revenues during the 13-week period ending 29 December, including a 5.7% increase in stores. Dunelm also reported a 37.9% increase in online sales although the company added that it remains “cautious” over its outlook given the “ongoing uncertainty in…

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