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12th of July 2011
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News Tag: sales

July 7, 2011

WH Smith posts 4% decline in sales

by Kay Mitchell
WH Smith, which sells newspapers, books, stationery and confectionery, today announced like-for-like sales fell 4% in the 18 weeks to 2 July compared with the same period a year ago. However, the company, which operates on the High Street and at travel-based outlets such as airports, train stations and motorway service stations, said it “remained confident” about the full year. Retailers ...

July 5, 2011

Persimmon encouraged by improved sales

by Kay Mitchell
Persimmon, which is the UK’s largest housebuilder by market value, has today said it is encouraged by improved sales and a "modest improvement" in lending. It said it expects to market to pick up over the latter half of 2011 and expects prices to rise over the year. The company said it completed 4,439 homes in the first half of the year against 4,657 ...

June 30, 2011

HMV profits and sales fall

by Kay Mitchell
Music, books and games retailer HMV has today reported a pre-tax profit of £28.9 million in the 12 months to the end of April – a fall of 61% compared with the £74.2 million in the same period a year earlier. Furthermore, like-for-like sales have dived 11% over the past year as it struggles with tough competition from supermarkets and internet companies, such ...

Debenhams reports rise in half-year sales

by Kay Mitchell
Debenhams, which is Britain's second largest department store after John Lewis, today brought some much-needed good news to the retail sector after reporting an increase in second half-sales. The retailing giant said sales at stores open more than a year, excluding VAT sales tax, were 1.5% higher in the 17 weeks to June 25. It also said it would meet forecasts for full-year ...

June 23, 2011

Dixons like-for-like sales 2% lower

by Kay Mitchell
Electrical goods retailer Dixons has today reported like-for-like sales fell 2% in the year to April. The results come just a day after fellow electrical goods chain Comet said sales fell 6.8% for the 12 month period. The figures are evidence of consumers reining in their spending and opting not to purchase big-ticket items at this time, in the face of austerity measures and ...

June 22, 2011

Comet sales slump despite turnaround efforts

by Kay Mitchell
Electrical goods retailer Comet has today posted a 6.8% fall in sales for the year to 30 April, slumping to a loss of €10 million (£9 million). The chain said trade had deteriorated in the new financial year and chairman David Newlands described the results as “unsatisfactory and unacceptable”. Comet’s parent company, Kesa, however posted a 2.3% rise in adjusted profits before tax, ...

June 21, 2011

US existing home sales down in May

by Kay Mitchell
The US housing market remains depressed after figures today revealed sales of previously owned homes plunged 15% on an annual basis last month, according to the National Association of Realtors (NAR). The industry body also said sales were down 3.8% on the previous month to a seasonally adjusted annual rate of 4.81 million units – below forecasts. However, the NAR points out ...

June 14, 2011

Rics: Spring selling hit by lack of mortgage availability

by Kay Mitchell
The Royal Institution of Chartered Surveyors (Rics) has today reported that the traditional spring selling season has been hit by a lack of mortgage finance and economic uncertainty. This time of year is traditionally busy for the housing market but securing a mortgage remains difficult for many potential buyers – particularly first-time buyers. Furthermore, the economic uncertainty means the housing ...

June 10, 2011

Bellway encouraged by rise in sales

by Kay Mitchell
Newcastle-based housebuilder Bellway has today said an uplift in consumer confidence has led to a rise in sales. The housebuilder, which is the fifth largest by market value, said it had experienced a sales rate of 111 units per week in the four months to the end of May – 9% higher than the same period a year earlier. Meanwhile, the average ...

June 9, 2011

Argos reports sharp fall in sales

by Kay Mitchell
There is further evidence of consumers reining in their spending after Home Retail Group (HRG), the biggest household goods retailer, said sales fell 9.6% in the 13 weeks to the end of May. Shares in HRG sank 11% after the announcement – a 2½ year low – after it said trading conditions were challenging and consumers were opting not to purchase big-ticket ...

June 3, 2011

John Lewis reports weaker sales

by Kay Mitchell
The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported weaker sales, fuelling fears about consumer spending. The renowned employee-owned chain said sales in the week to 28 May fell 0.8% to £55 million. The company has bucked the trend when it comes to retail sales over the last few months but today’s figures will no doubt raise concerns ...

May 30, 2011

Hometrack: Housing demand remains weak

by Kay Mitchell
According to housing intelligence group, Hometrack, house prices in England and Wales fell at their fastest annual pace since October 2009 last month. According to Hometrack, house prices fell by 0.1% on the month and are 3.7% lower on the year. House prices have now fallen for 10 consecutive months, according to the group. Hometrack attributes the fall to weak demand for housing on ...

May 19, 2011

UK car production down in April

by Kay Mitchell
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp fall in UK car production for the month of April, disrupted by supply shortages, resulting from the Japanese earthquake and tsunami. Japan’s three major carmakers (Toyota, Nissan and Honda) all have operations in the UK, with the latter halving its production in April. UK car production ...

May 11, 2011

Sainsbury’s profits up on record customer numbers

by Kay Mitchell

April 21, 2011

Persimmon reports rise in sales reservations

by Kay Mitchell
Persimmon reports rise in sales reservations
Persimmon, which is the UK’s largest housebuilder by market value, has today reported a 12% rise in sales reservations in the first three months compared with a year ago. Furthermore, the housebuilder said its order book had risen to £1.14 billion – up from the £565 million at the start of the year. The figures come just a few weeks after the company ...

ONS: Surprise rise in March retail sales

by Kay Mitchell
ONS: Surprise rise in March retail sales
The Office for National Statistics (ONS) has today reported a rise in UK retail sales for the month of March. According to the ONS, sales volumes registered a surprise rise of 0.2% on a monthly basis – driven by strong food and non-store sales. However, other sectors which performed well included garden stores and toy stores. Retail sales were expected to be weak after ...

April 20, 2011

Home Retail Group announces fall in profits

by Kay Mitchell
Home Retail Group announces fall in profits
Home Retail Group, owner of Argos and Homebase, has today reported a 9.5% fall in pre-tax profits as conditions on the High Street remain challenging. Profits fell to £265.2 million in the 12 months to 26 February compared with £293 million in the same period a year ago. Meanwhile, revenue was almost 3% lower on an annual basis at £5.85 billion, with the ...

April 19, 2011

Tesco full year profit boosted by Asian growth

by Kay Mitchell
Tesco full year profit boosted by Asian growth
Supermarket giant Tesco has today announced overall pre-tax profits were £3.5 billion for the year to 26 February – an 11.3% rise on a year ago. Profits were 30% higher in Asia at £570 million with sales up 21% to £11 billion, driven by a strong performance in Thailand and Korea. Today's results represent the first since Philip Clarke, the supermarket chain's ...

April 6, 2011

M&S reports better than expected sales

by Kay Mitchell
British retailing giant Marks and Spencer (M&S;) has today reported like-for-like sales, which strip out new store openings, grew 0.1% in the 13 week period to 2 April. The figures were marginally better than expected and sent shares up 13.3p today to 353.5p. The 127-year-old retailer which sells clothes, food and homewares said general merchandise fell 3.9% but this was offset by a ...

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