LONDON, Jan 8 (Reuters) – Mother and baby products retailer
Mothercare has warned that full-year profit would reach
only half of what analysts had expected, after record Christmas
discounting and a drop in visitors to its stores hit sales and
The surprise statement sent Mothercare shares down 30
percent, wiping 112 million pounds ($183 million) off its stock
market value and adding pressure on Chief Executive Simon
Calver, who is trying to restore the UK division to profit in
the face of fierce competition from online rivals and
LONDON (Reuters) – Domino’s Pizza (DOM.L: Quote, Profile, Research, Stock Buzz), Britain’s biggest pizza delivery company, has posted a surge in fourth-quarter sales, steadying its shares which had been rattled by executive exits and a costly plan to expand in Germany.
Domino’s shares had dropped 20 percent in six months after its German operations suffered higher than anticipated losses and the company surprised investors last month by saying its chief Lance Batchelor would quit in April to join travel and insurance group Saga.
LONDON, Jan 8 (Reuters) – Domino’s Pizza, Britain’s
biggest pizza delivery firm, has posted a surge in
fourth-quarter sales, steadying the nerves of some investors
rattled by management exits and expansion concerns.
Domino’s shares have slipped 20 percent in six months after
its expansion into Germany suffered higher than anticipated
losses and the firm surprised investors last month by saying its
boss Lance Batchelor would quit in April to join travel and
insurance group Saga.
LONDON, Jan 7 (Reuters) – Topps Tiles, Britain’s
largest specialist tile retailer, said an improving economy and
housing market had spurred a better-than-expected start to its
The company’s profits have fallen by almost two-thirds since
2007 as low consumer confidence and a constricted housing market
weighed on sales, but it said on Tuesday the landscape was
LONDON, Jan 2 (Reuters) – The finance chief of Debenhams Plc
quit on Thursday after trading updates showed just how
far the 200-year-old British retailer had fallen behind rivals
John Lewis and House of Fraser over the crucial
The departure of Simon Herrick from Britain’s second-largest
department stores group follows a profit warning on Tuesday, its
second in less than a year, after the company admitted its
margins had been squeezed by heavy discounts that nonetheless
failed to spark a late surge in festive shopping.
LONDON, Jan 2 (Reuters) – British department stores group
John Lewis scored a 7.2 percent rise in Christmas
sales, as strong demand for items from tablet PCs to coffee
machines helped it become one of this year’s likely winners in
the UK retail sector.
The improvement comes despite unusually stormy British
weather in the run-up to Christmas and a still-cautious approach
by many consumers, sparking speculation that many retailers
would struggle during the key holiday period.
LONDON, Dec 31 (Reuters) – Debenhams warned of a
sharp fall in profit on Tuesday after big discounts failed to
spur a surge in last-minute Christmas shopping, sending a shiver
through weaker British retailers.
In an ominous sign for rival Marks & Spencer,
Britain’s second-largest department store group said it would
now miss analysts’ first-half profit forecasts and would have to
cut prices even further to clear stock.
LONDON, Dec 17 (Reuters) – Not content with an expanding
number of stores at home and abroad, Britain’s Costa Coffee is
hoping a new self-service machine crafted by Ferrari designers
and Harry Potter website techies will help it grow in offices
and similar locations.
Britain’s largest coffee chain, part of Whitbread Plc
, has grown rapidly on the back of rising demand for
affordable coffee treats and aims to double sales to 2 billion
pounds ($3.3 billion) by 2018, through expansion at home and
abroad in places such as China.
LONDON, Dec 12 (Reuters) – Britain’s biggest sporting goods
retailer Sports Direct said growing online demand for
its discount offerings helped boost first-half profit, putting
it in a strong position to find further expansion opportunities
The group, which has over 600 sports stores in Europe,
including 400 in the UK, said on Thursday core earnings for the
six months to Oct. 27 was 183.3 million pounds, up 12.3 percent
on a year ago and broadly in line with analysts’ forecasts.
LONDON, Dec 10 (Reuters) – Whitbread said it was on
track to meet full-year expectations as growing demand at its
Premier Inn hotels and Costa Coffee chains helped deliver a
strong rise in third quarter sales.
Britain’s biggest hotel and coffee shop operator, which also
runs pub restaurants such as Brewers Fayre, on Tuesday said
group like-for-like sales rose 4.3 percent in the 13 weeks to
Nov. 28, up from a 2.8 percent rise in the first half.