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CommentWire
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Entertainment retailer Zavvi has given an update on its first year of trading following the management buy-out and re-branding in September 2007. The results represent a strong comeback in tough conditions, with like-for-like sales up 10% and annual losses cut by more than GBP10 million, despite an 18% slump in music sales.
Published By Datamonitor
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17 Sep 2008 |
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CommentWire
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In the year to August 31, WHSmith grew travel sales by 22% to GBP413m, while high street sales fell by 2% to GBP939m, revealing that, although travel is performing well, the high street business is struggling. While WHSmith is not as exposed to the consumer downturn as some retailers, the intense level of competition in its core market will impact its performance going forward.
Published By Datamonitor
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10 Oct 2008 |
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For the year to August 31, 2009, pre-tax profits for WH Smith increased to GBP82m. Like-for-likes are down 5.0%, with total group sales down 1.0%. Efficient cost control and proposition enhancements will help the company survive challenging times, while focusing on core markets and exceptional growth opportunities will provide fillip to future growth.
Published By Datamonitor
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15 Oct 2009 |
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CommentWire
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WH Smith has reported flat group sales for the six months to February 28, 2009, with double digit sales growth in Travel outlets counterbalancing a weak performance from its High Street stores. The retailer is continuing with its withdrawal from entertainment, and is looking to Post Office integration and rebuilding its authority as a specialist to drive sales in the future.
Published By Datamonitor
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24 Apr 2009 |
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CommentWire
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UK high-street retailer WH Smith reported a 6% fall in underlying sales for the seven weeks to January 21 but improved its margins by 250 basis points. The mixed results are a testament to the company's recovery plan, which has focused on achieving a more profitable product mix. Despite this progress, sales growth remains a challenge.
Published By Datamonitor
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25 Jan 2006 |
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Expert View
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Over the 12 months to the end of 2008, Verdict predicts that the buoyant video games market will have grown by GBP1.37 billion. This is especially significant when compared to the stagnation in the music and video sectors, which have recorded a combined growth of just GBP0.03 billion. It is likely, then, that the video game retail market will soon become the largest entertainment sector in the UK.
Published By Datamonitor
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05 Nov 2008 |
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Expert View
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John Lewis indicated that sales had surged in the past five weeks, providing hope that Christmas trading may be better than last year. The company's sales last week rose by 5.8 % to GBP62 million against a year ago. While the performance must be encouraging for John Lewis, its rivals must still be hopeful that the Christmas spirit cold weather engenders will drive consumers into the shops.
Published By Datamonitor
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22 Nov 2005 |
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CommentWire
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The PS3 faces a number of obstacles standing in its way on the road to success. A delayed launch, the already established key rival XBOX 360 and the high selling price are just three of them.
Published By Datamonitor
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23 Mar 2007 |
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CommentWire
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Home Entertainment, the operator of Choices Video and DVD stores, has been hit by the rise in the number of fake DVDs flooding into the UK, reporting pre-tax losses of GBP3.1 million. Piracy is not the only problem: unless the company responds to increased competition and improves its brand profile, the prospects look relatively bleak.
Published By Datamonitor
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25 Jan 2006 |
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CommentWire
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The HMV Group has posted a mildly disappointing set of results for the 26 weeks ended October 25, 2008, largely as a result of the deteriorating entertainment market. HMV sales were up 1.6% on a like-for-like basis, but Waterstone's saw a dip of 3.1%, giving a flat performance across the group. The retailer will need to raise its game considerably as the UK slips into a recession.
Published By Datamonitor
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15 Dec 2008 |
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