Articles by Chandan Kumar
Next posts 7.1 percent rise in H1 profit, maintains FY15 guidance
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Total Next Group sales franchise sales were up 2.7 percent. Profit before tax was up 7.1 percent and earnings per share (EPS) were up 8 percent, boosted by share buybacks last year. The company has declared an interim dividend of 53p, an increase of 6 percent. Full price Next Brand sales for the first half of the year ending July 2015, were up...
Vente-Privee buys Benelux flash sales site
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Vente-Privee, the European leader in flash sales, has bought a majority stake of 50.1 percent in rival flash sales site Vente-exclusive, which is established in Belgium, the Netherlands and Luxembourg. The Belgium shareholders will retain 49.9 percent and will merge its management team into Vente-Privee’s, with both companies speaking of a “...
Laura Ashley like-for-like sales up 7 percent
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Releasing its interim results for the 26 weeks period to August 1, 2015, Laura Ashley said that its profit before taxation stood at 8.4 million pounds (12.9 million dollars. Total group sales were down 3 percent to 139.7 million pounds (214.7 million dollars but like-for-like retail sales were up by 7 percent. Online revenue increased by 4.5...
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