On the topic of Retail

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Amid a general slump in retail sales in Britain between December and early January, Primark, the British low-priced high-street retail chain, managed to record a 7% sales growth during the festive season. Shoppers seemed to have snubbed other higher-priced retailer rivals, opting for the discount fashion brand as brexit-induced price squeezes bit deep into their pockets. Primark owner Associated British Foods Plc is benefiting greatly from Primark’s success, and is poised to further expand the fashion brand’s network of 350 stores, after the opening of five new stores last year.

AB Foods CFO John Bason commented that ‘Of the 20 largest retailers, our market-share growth has been the strongest over the last year’, after Primark showed strong trading figures over the sixteen weeks to January the 6th. The main sales growth drivers were the expansion of retail space and the growth in market share, siphoning off sales growth from rival fashion stores. The discount fashion store’s performance in Europe, though, was mixed, as Primark sales suffered from the unseasonal good weather in October. (Read more)

Topics: Retail
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Posted by MaxMarioni on 5 November 2017, 10:29 AM

Boohoo.com Plc, a stock to watch

Boohoo.com, a British online fashion retailer, is the clothing industry’s fastest-growing e-tailer in the world. It is likely to achieve sales growth of at least 80% this year, with its new brands, PrettyLittleThing and Nasty Gal, gaining populariy both in the UK and the US. (Read more)

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Posted by MaxMarioni on 5 November 2017, 10:29 AM

Boohoo.com Plc, a stock to watch

Boohoo.com, a British online fashion retailer, is the clothing industry’s fastest-growing e-tailer in the world. It is likely to achieve sales growth of at least 80% this year, with its new brands, PrettyLittleThing and Nasty Gal, gaining populariy both in the UK and the US. (Read more)

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Posted by MaxMarioni on 1 October 2017, 4:14 PM

Tesco comeback kid?

Analysts expect Tesco (TSCO:LN) sales figures in the half-year term will have recorded a modest rise of 3%, increasing to GBP 28.1 billion, while also operating profits will have improved, moving up by 2% to GBP 502 million. This comes after a few rocky years, where the retailer, still presumed to Britain’s biggest, had to fight financial fraud allegations and the consequences of spiralling cost-inflation. (Read more)

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Consumer retail, a cornerstone of the British economy, appears to be slowing down, according to several indicators. The volume of goods sold by British retailers, both in store and online, fell in April by 1.4% compared with the figures recorded three months before. According to the Office for National Statistics (ONS), this is the biggest decline since 2010, when the economy was experiencing a strong but short-lived rebound from the recession induced by the financial crisis. Just last month, sales fell by 1.8%, 0.7% more than what most analysts had predicted. Sales of clothing and footwear fell by almost 1%, with all kinds of retailers except for department stores reporting a loss. (Read more)

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