Published September 11, 2024 There’s been plenty of speculation in recent days that Inditex might not turn in the impressive sales figures we’ve become used to from the world’s biggest fashion retailer. And the rumours turned out to be correct as sales rose ‘only’ 7.2% in the first half. Zara But this is one firm [...]read moreInditex sees first-half sales slowdown, but profits boom, H2 looks stronger
The Chinese group PDD Holdings, which owns the discount online shopping platform Temu, saw its net profit jump by 144% year-on-year in the second quarter, according to a company statement published on Monday. Shutterstock The net profit of PDD Holdings, which is also the parent company of Pinduoduo, an online platform for selling low-priced products [...]read moreTenfold increase in second-quarter profits for PDD Holdings
Fred Perry (Holdings) has filed its accounts for last year and said that despite the challenges in the market, both sales and profits rose. Curry & Paxton x Fred Perry The company owns and manages the Fred Perry, Lavenham, and George Cox brands as well as operating retail stores in the UK and selected international [...]read moreFred Perry revenue, profits rise as iconic shirt sells strongly
Next delivered what was — for the company — a fairly brief trading update on Thursday given that the firm’s results statements are usually long… very long. But it contained plenty of detail to show how strong trading continues to be for one of the UK’s most dynamic fashion retailers. Next While the full interim [...]read moreNext expects fatter profits as international boost drives sales higher
By Europa Press Translated by Roberta HERRERA Published Jul 30, 2024 Procter & Gamble (P&G), the American giant known for brands such as Ausonia, Tampax, Pantene, and Ariel, closed its fiscal year with a net profit of $14.879 billion (€13.730 billion), marking a 1.5% increase from the previous year. P&G ends fiscal year with a [...]read moreP&G ends fiscal year with a 1.5% increase in profits to €13.730 billion
The Perfume Shop has filed its accounts for 2023 and reported revenue rising from £289 million in 2022 to £302 million last year. Comparable sales rose by 3.3% with the company saying it saw strong growth both in its stores and online. The company, which is owned by the same Hong Kong-based group as Superdrug, [...]read moreThe perfume Shop’s sales rise but profits dip
JD Sports Fashion delivered its slightly delayed — unaudited — annual results on Friday and spoke of “strategic progress in a challenging market”. The words “strategic progress” usually mean a company didn’t make as much money as it would have liked to, and that was the case here. But with it outperforming the wider market, [...]read moreShoe sales and global reach boost JD Sports, despite profits fall
Germany’s Otto Group has reported its 2023/24 annual results with the owner of the Freemans, About You, Bonprix and Evri businesses (among many others), saying it “succeeded in holding its own comparatively well in an enormously challenging market environment and made noticeable progress in its operating result”. About You It highlighted a rise in EBITDA [...]read moreOtto Group overcomes revenue drop with laser focus on profits
Dr Martens releases its latest results this week (30 May) and analysts are expecting a tough-to-read report with profit down sharply and revenue down too as the giant US market remains weak for the brand. Dr Martens With the firm having delivered a profit warning last month, they’re expecting turnover to be under £900 million, [...]read moreAnalysts expect Dr Martens to report profits plunge this week
M&S almost declared its turnaround ‘job done’ on Wednesday as it delivered its latest annual results. It didn’t quite use those words, but it may as well have done as it delivered a set of spectacular figures for the 52 weeks to the end of March and talked of “the beginning of a new M&S”. [...]read moreM&S profits surge, so is its turnaround now complete?