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Items tagged with 'financials'
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DIY retailer B&Q is working with search agency Tamar to improve diy.com's positioning in the search engines. The appointment is part of B&Q's increased focus on its multi-channel offering - a necessity since the DIY sector is expected to shrink for a second year and is not likely to return to the boom time when it was the fastest growing sector in retail.
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Tesco continues its growth as annual profits hit £2.55 billion, up 13.2% on last year. Its online operations recorded even higher growth rates with Tesco.com sales up by 29.2%, to £1,226m, and profit, before the start-up costs associated with Tesco Direct also rising strongly - by 48.5% to £83.4m.
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Google has announced quarterly profits of $1 billion, mainly gained through advertising, the revenue from which has increased. The number of paid clicks on advertising links were up by 52%.
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Yahoo's first quarter profits were never going to be as high as Google's but even in comparison to its own financial report a year ago, business is not looking quite so rosy for Yahoo.
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Amazon.com has announced Q1 sales of over $3 billion, an increase of 32% year-on-year. Operating profit for the quarter also increased by a similar amount, standing at 38%.
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Home Retail Group has announced an 8% increase in operating profit despite a drop in sales at DIY chain Homebase. The figures for the financial period to 3 March, show group sales at £5,607 million.
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Sainsbury's online sales grew by 49% in the last financial year and the supermarket has announced plans to double online sales over the next three years.
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ASOS.com has reported an increase in revenue of 116% to 42.6m for its 31 March year end. Group profit before tax was up 144% to £3.4m. The 2005/6 figure of £1.4m includes the effect of the Buncefield fuel depot explosion.
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Amazon.com's Q2 turnover is up 35% year-on-year to $2.89 billion, a figure which has surprised US analysts and added 20 cents to the company's share price.
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The "good performance" of its multi-channel offer has helped Woolworths increase like-for-like sales for the eight weeks to 28 July by 3.7%. This brings the cumulative position for the half year to +0.7% like-for-like.
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DSG International has reported a 28% increase in like-for-like growth across its e-commerce division (Dixons.co.uk & FotoVista) for the 16 weeks to 18 August.
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Next has announced a first half increase in operating profit to 11% "achieved by a strong performance in Next Directory and good cost controls, despite a flat result in Next Retail".
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HMV reports that its HMV.com site - enhanced by new branding and customer communication - has "continued to grow by over 100% year on year". Announcing its financial results for the 18 weeks ended 1 September, the company reports total HMV Group sales up by 12.2%. Group like-for-like sales are up 5.8%.
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John Lewis has reported strong performance for its half year results to 28 July. Online sales through John Lewis Direct have increased 42% against last year. The Ocado business is growing (as are the number of weekly deliveries). The business recorded an increase of around 30% on last year(helping to reduce losses).
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Woolworths has announced multi-channel sales up 93.2% for the half year to 4 August. This sales increase is against a loss for the group of £59.2 million (compared to £66.8 million last year).
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