Burton accelerates into last lap
Article Abstract:
Burton is a UK clothes retailer which has seen an improvement in the performance of its fashion chains. These chains were reporting losses in 1994, and reported profits of 20 million pounds sterling for the 12 moths to Sep 1995. Almost 400 retail outlets have been sold from a total of 1,600, with 350 others changed to a more appropriate format. Supplies have been rationalized and employment practices made more efficient. The chains are also being run as a group rather than as independent businesses.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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A firmer footing
Article Abstract:
Cadoro is a clothing retailer which aims to sell Foothold, a sports footwear chain. The company has seen a drop in its stock price. Cadoro will focus on Capolito Roma, a branded menswear chain, and 22 Foothold stores will become Capolito Roma stores, with 15 Foothold stores to be sold. The brands sold by Cadoro include Henry Lloyd and Timberland. The company could report a loss of some 2 million pounds sterling for 1998 as a result of reorganization, but should improve its performance in 1999.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Feeling the pinch
Article Abstract:
Tie Rack has issue two profit warnings in 1998 and may break even at best in 1998. The company has been hit by the rise in value of pound sterling, since some 60% of its stores are located away from the United Kingdom. The company will have to cut prices due to overstocking in 1st half 1998. Tie Rack has a strong financial position, but the company's turnover looks set to drop in 1998 and 1999. Tie Rack's profit is estimated at 500,000 pounds sterling for 1999, according to Sutherlands.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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