WHSmith total sales decline by 5%
In the 21 weeks to 21st January, total sales at WHSmith were down 3% with a decline in LFL sales of 5%. The high street division saw total sales decline by 5% in total and by 6% on a LFL basis. Neil Saunders, Managing Director of Conlumino, comments: “Like-for-like sales have fallen over every Christmas …
January 25, 2012
Dixons reported 5% decline in like-for-like sales
Dixons, Europe’s second largest electrical retailer has reported a 5.0% decline in like-for-like sales for the 12 weeks to 7 January 2011. Matt Piner, Lead Consultant at Conlumino, comments: “Dixon’s results give further evidence that selling elctrical products in the UK is a tough business. Money has been tight and it’s been easier for consumers …
January 17, 2012
Burberry reports 21% rise in group sales
Burberry has reported a 21% rise in group sales for the three months to 31 decever 2011. Retail sales were up 23% and 13% on a like-for-like basis. Simon Chinn, Lead Consultant at Conlumino, comments: “These are a solid set of results from Burberry. Despite European consumers being under pressure from the ongoing travails of …
January 17, 2012
Next – Christmas Results
Next’s Christmas results for the period of 1 August on 24 December 2011, show overall growth of 3.1% on the year previous. Store sales shrunk by 2.7% while Directory sales increased by 16.9%. Neil Saunders, Managing Director of Conlumino comments: “Overall this is a good performance from Next, albeit against pretty weak comparatives from last …
January 16, 2012
John Lewis' total sales up
John Lewis’ total sales were up 9.3% in the 5 weeks to December 31, with LFL sales up 6.2%. Neil Saunders, Managing Director of Conlumino, comments: “By any measure John Lewis has had a cracking Christmas and is probably the standout winner in terms of trading. With three new stories open for business this festive …
January 16, 2012
HMV trading update
HMV’s results for the 5 weeks ended 31 December 2011 show like-for-like sales down by 8.2% and total sales down 16.9%. Neil Saunders, Managing Director of Conlumino comments: “While not unexpected, this is a very poor set of resultss which highlight the ongoing problems at HMV. In the same perios last year HMV saw like-for-like …
January 13, 2012
Morrisons trading update
In the 6 weeks to January 1, 2012 Morrisons’ sales grew by 0.7 on a LFL basis and 2.9% on a total basis. Neil Saunders, Managing Director of Conlumino comments: “Given Morrisons’ recent track record, these results show dissappointingly slim growth, especially so as comparatives against last year were not particularly tough and Morrisons is not …
January 13, 2012
BHETA announces 'Meet the Buyer Day' initiative with Robert Dyas
The British Home Enhancement Association has followed up its groundbreaking Homebase ‘Meet the Buyer Day’ initiative with a second such event, this time with homewares and garden retailer, Robert Dyas. Providing a unique opportunity for DIY and Housewares suppliers to interact with a major retailer outside of the usual buying channels, this ‘Meet the Buyer …
January 12, 2012
Tesco announces like-for-like sales results down by 2.3%
In the 6 weeks to January 7 2012, Tesco’s UK sales including VAT and but excluding petrol grew by 1.7%. Like-for-like sales were down by 2.3% excluding VAT and petrol. Neil Saunders, Managing Director of Conlumino, comments: “All things considered, this is a miserly set of results from Tesco which come against very easy comparisons …
January 12, 2012
Shop price inflation fell to its lowest level in 16 months
Shop price inflation fell to its lowest level in 16 months as prices rose just 1.7% in December. Neil Saunders, Managing Director of Conlumino, comments: “While lower inflation is clearly beneficial for consumers, much of the reduction has come about because of extensive discounting by retailers rather than through genuine falls in input costs. Ultimately, …
January 11, 2012
