Toy story hurts Argos
Article Abstract:
Argos' sales growth has slowed due to price competition from Woolworths over toy sales prior to Christmas 1996. Woolworths has focused on high-value toys. Dec 1996 has been a good month for UK retailers, though sales in Oct and Nov 1996 have been poor. Argos sales have grown by more than the market average, and sales during the five weeks prior to Christmas 1996 were up by 11% compared with 1995, but growth for 1995 was 14% and growth for this period in 1994 was 17%. The company has issued a warning that profits will rise to around 140 million pounds sterling rather than 150 million pounds that analysts had forecast.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Retailers catch a cold
Article Abstract:
The US retail industry saw a rise in sales of 1.7% for Dec 1995, the lowest for a decade, according to Bloomberg's Same-Store Sales Index. Sales perked up after Christmas, but discounting will have affected margins. Sears Roebuck saw strong sales of women's clothes and consumer electronic goods. The Gap also performed well. Wal-Mart, however, saw a rise in sales of only 1.1%. Poor weather, employment insecurity, and competition have been cited as reasons for retailers' problems.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Paying through the nose
Article Abstract:
Shareholders may have to pay large sums to directors when they leave, even when there has been a fall in the share price. A stake of 1,000 pounds sterling in Kingfisher would have drooped in value to 706 pounds sterling during the time of office of Alan Smith. Shareholders may have to pay more than 3 million pounds sterling to Kingfisher directors who are leaving, including Smith, though Smith could argue he was not allowed enough liberty in running the business.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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