Archive for January, 2012

Retailer Results

January 22nd, 2012
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RETAILER RESULTS (like for like unless stated)
Argos Down 8.8%
This was all in the last 18 weeks of 2011
Asda UP 10.7%
Asda deliver a 10.7% sales growth in the four weeks up to December 24
Barratts Entered administration on 8th December. On December 30 it announced 1610 redundancies after failing to find a buyer for the concessions part of its business. Administrators are still trying to find buyers for Barratt’s 173 high street stores which remain open
Blacks Leisure The outdoor goods company which operates the Blacks outdoor and Millets chain reported a £16m loss in October. On January 9th JD Sports confirmed it bought Blacks for £20m. JD confirmed that any underperforming stores would be closed.
Booths UP 3%
Over the Christmas period
Burberry Posted a 21% leap in fourth-quarter sales
Carpet Right Has closed 38 stores since March 2010. Announced £4m cost-cutting plans in October but has given no further details
Clinton Cards Down 1%
In the 22 week runup to 1st January like for like fell 1.4%, but recovered ending up at 0.4%, in the last 5 weeks
D2 Jeans Entered administration on the 29th December 2011. Administrators closed 19 UK stores – including six in Scotland- and laid off 200 shop workers at the Ayrshire-based firm.
Debenhams 0%
Excluding VAT
Dixons Retail Group DOWN 7%
In the 12 weeks to 7 January
Focus DIY Entered administration on 5th of May. Since then 55 stores have been sold in three seperate deals.
Game DOWN 12.9%
Like for like sales fell 15.2% in the eight weeks to 7th January
Gregs UP 5.1%
This was in the five weeks to 7th of January. Gregs anticipate that the rough trading will continue during 2012 with consumers’ disposable incomes remaining under preassure.
Habitat Went into administration on 24th June. Home Retail Group bought the habitat brand and three central london strores.
Halfords DOWN 4.8%
This was in the thirteen weeks to 30 December
Hawkin’s Bazaar Entered administration on the 30 December 2011. The company is not publicly listed but has a reported turnover of about £60m.
Fell 8.1 % in the five weeks to the end of December
HMV Numerous stores have been closed and many have been refitter in an attempt to refocus business on new technology sales. It has sold Waterstone’s book stores and may sell its live music section
Homebase DOWN 2.6%
Homeform The sharps bedrooms business has been sold. The operations of Moben, Dolphin and Kitchens Direct have been closed down, with 557 staff made redundant, although the administrators are still trying to sell the brands
Jane Norman Entered administration on 27th June. Edinburugh Woollen Mill bought 33 of its stores. However 95 stores and concessions have closed permenently.
JD Sports Fashion UP 0.1%
Five weeks up to 7 January (excluding VAT)
JJB Sports UP 5%
Like for like sales rose 5% in the four weeks to 26th December.
Cash margin rose 6%.
JJB Sports Secured its survival with the help of £96.5m in funds from major shareholders. Has shut 18 stores since January, will close 43 more.
John Lewis UP 6.2%
Like-for-like sales were up from a year ago, in the five weeks to 31 December
Total sale of household goods up 13.6% and fashion up 10.3%, in the last five weeks
La Senza On the 9th January the firm went into administration but 60 of its stores were bought by Arabian retail group Alshaya.
Majestic Wine UP 4%
Nine weeks to 2 January
Marks & Spencer Up 0.5%
Food sales were up 3% while general merchandise sales fell by 1.8%
Morrisons UP 0.7%
A rise of 0.7% in the six weeks to 1st January, exluding fuel and VAT sales tax
Mothercare DOWN 3%
Thirteen weeks to 7 January
Next UP 3.1%
Total sale between 1st August and 24th December rose 3.1% compared with 2010 (ignoring the effect of rising VAT)
Ocado UP 21.8%
This was gross sales in the four weeks to 25 December
Original Shop Factory UP 4.2%
5 Weeks to January 8
Peacocks On 16th January peacocks confirmed talks with lenders had broken down and it finally called in the administrators on 17th of January
Robert Dyas UP 6.4%
Four weeks to Christmas
Sainsbury’s UP 2.1%
In the 14 weeks running up to 8th of January there were like-for-like increases of 2.1% excluding petrol sales
Supergroup (Superdry) UP 5.8%
The increase was in the nine weeks leading up to 1 January
Ted Baker UP 15.7%
Eight weeks to 7 January, this shows total sales NOT like-for-like
Tesco DOWN 2.3%
Seven weeks to 7 January, excluding fuel and VAT
The Co-operative UP 3.1%
This is from the four weeks to 31 December and is covering food stores only
Thorntons DOWN 4.2% (fourteen weeks to 7 January)
Expects continued weakness in consumer sentiment throughout 2012
Thorntons Has said it will close up to 180 stores over the next three years. Is seeking to grow sales via its website and commercial division which sells Thornton branded chocolate via supermarkets
TJ Hughes Entered administration on the 30 June. Lewi’s Home Retail has bought six stores but another 42 have closed with about 2200 staff made redundant. Its flagship Liverpool store reopened in September
Waitrose UP 3.8%
This was a like for like rise of 3.8% in December alone