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Expert View
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Electricals retailer Kesa has seen solid revenue growth in H1, with an uplift in both retail profits and margins. While Darty remains the strongest performer of the group, its Comet brand continues to flounder. Consequently, Kesa has accelerated the rollout of the Darty concept across its European stores, and is investing the bulk of its capital expenditure in further boosting the brand.
Published By Datamonitor
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13 Dec 2010 |
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Expert View
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Although UK retailing remains challenging, Debenhams has reported strong full-year results. Furthermore, the retailer is developing a brand strategy that, despite depending on space expansion, gives it plenty of future growth opportunities, with considerable potential both online and internationally.
Published By Datamonitor
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26 Oct 2009 |
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Expert View
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Topps Tiles has announced that for the 26 weeks to March 28, 2009, total sales declined by 13.0%, with like-for-like sales falling by 18.5%. These results reflect a significant deterioration in trading conditions in both the retailer's British and Dutch operations, with particular question marks surrounding the long-term financial viability of the latter.
Published By Datamonitor
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28 May 2009 |
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Kesa saw like-for-like sales fall by 6.1% in the 12 months to April 30, 2009, while total sales increased by 8.3%. Effective cost control and a strong balance sheet will help the retailer to weather the storm, but Kesa must not neglect its core offer and long-term growth opportunities.
Published By Datamonitor
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14 May 2009 |
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Expert View
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While the EU's decision to halt the process of pharmacy liberalization is clearly based on the merit of one specific case (namely Doc Morris, the leading European online pharmacy), it could herald a sea change in terms of EU decision making. The move away from excessive deregulation towards a slower and more considered approach will bring both costs and benefits for EU consumers and patients.
Published By Datamonitor
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19 Dec 2008 |
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CommentWire
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Floor coverings specialist Carpetright has acquired UK retailer Carpetworld for GBP7.2 million, adding a further 13 stores to its portfolio. Additionally, in a slightly more exploratory move, the firm has completed the purchase of 11 stores in southern Holland from Dutch retailer Ben de Graaff Tapjit for E8.0 million.
Published By Datamonitor
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01 Apr 2008 |
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Expert View
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UK tile specialist Topps has reported robust annual results. Despite tough market conditions, Topps Tiles has reported impressive annual results, with operating profit rising by 14.1% to GBP38.9 million and total group revenue ahead by 15.4% to GBP207.9 million. The results mark the tenth anniversary of the company's flotation on the London Stock Exchange.
Published By Datamonitor
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27 Nov 2007 |
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CommentWire
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For the 52 weeks to 28 April, 2007, Carpetright's sales rose by 5.4%, while profits increased by 5.1%. The retailer continues to grow sales in a declining domestic market, while its fledgling European operations represent a good opportunity for future growth.
Published By Datamonitor
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26 Jun 2007 |
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Expert View
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Anders Moberg, the architect of Ahold's 'Road to Recovery' program, is leaving the retailer. While the board sees the change in management as coinciding with its next phase of development, the timing of the departure seems odd as the divestment of US Foodservice has not yet been completed. By the end of the year the retailer is set to be a food only operation, but its wider future looks uncertain.
Published By Datamonitor
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30 Apr 2007 |
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Ahold's 2006 results reveal a weak US performance and a large task ahead. Ahold's sales reached E44.9 billion, up 2% on 2005. While the Dutch retailer delivered strong growth in its domestic market, the US business, accounting for 70% of turnover, is struggling. Going forward, Ahold needs to reduce debt, return its US and Czech operations to profitability and divest its US foodservice operation.
Published By Datamonitor
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23 Mar 2007 |
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