Latest Intelligence on Music, Video, Books, Stationery and Entertainment Software in United Kingdom

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Type Product title / description Pub Price
CommentWire
CommentWire

Zavvi: turning down the music

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
17 Sep 2008
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Zavvi: facing challenges ahead

In recent years, Virgin Megastores, or Zavvi as it is now known, has struggled to break even. While the retailer has worked hard to improve profitability, continued price deflation and rising fixed costs have made this extremely difficult to achieve. Furthermore, with the music market in decline, growing the top line has also proved to be a challenge for Zavvi.

Published By Datamonitor
07 Apr 2008
CommentWire
CommentWire

Woolworths: tricky times ahead as sales slide

The World Cup has led to many retailers suffering a blow as consumers stay indoors to watch matches as opposed to hitting the high street. However the football tournament also serves as a convenient excuse for retailers needing to explain weak trading figures.

Published By Datamonitor
16 Jun 2006
CommentWire
CommentWire

Woolworths: soldiering on

UK retailer Woolworths has announced a marginal fall in like-for-like sales in its retail division for the 38 weeks to October 27. While its retail business faces a tough future, its wholesale business has been going from strength to strength, posting growth of 61.9%, helped by a number of acquisitions.

Published By Datamonitor
01 Nov 2007
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Woolworths: shuffling deckchairs on the Titanic?

Woolworths is failing to capitalize from consumers wanting to shop more cheaply, as other value retailers benefit from price conscious shoppers choosing to trade down and make their purchases more locally. With both sales and margins falling, the retailer is in a perilous position as it approaches the key Christmas period without a chief executive.

Published By Datamonitor
29 Jul 2008
CommentWire
CommentWire

Woolworths: online is the future

Following Tesco and Asda's recent announcements that they are to stop stocking CD singles, Woolworths has revealed that it will also stop selling CD singles in its remaining 400 stores that stock them. The retailer's announcement not only signifies another nail in the coffin of the physical single, but also another escalation in an increasingly fierce digital-download market.

Published By Datamonitor
27 May 2008
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Woolworths: back to basics

Woolworths' new CEO, Steve Johnson, has outlined a strategy for turning the ailing retailer's fortunes around by focusing on the customer, store disciplines, product availability and value perceptions, while also simplifying the business. While these initiatives are essential to put the business on a stable footing, they may only prolong Woolworths' survival, rather than ensure its future.

Published By Datamonitor
17 Sep 2008
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Woolworths faces fundamental challenges despite return to profit

After disastrous results a year ago, it was imperative that Woolworths returned its core retail business to profit. However, while Woolworths met this target; it did so by the narrowest of margins. Looking ahead, there is considerable scope for Woolworths to improve margins further, although turnover is set to shrink as the retailer downsizes and relocates stores.

Published By Datamonitor
02 Apr 2008
CommentWire
CommentWire

WHSmith: travel to the rescue once more

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
10 Oct 2008
CommentWire
CommentWire

WHSmith: considering Paperchase purchase

Following Borders's decision to put stationary retailer Paperchase up for sale for around GBP50 million in order to re-focus on its core category, WHSmith has demonstrated an interest. The potential purchase would be the latest of a number of acquisitions by the business as it aims to turn its fortunes around and re-define itself.

Published By Datamonitor
19 May 2008

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