Pretax profit at confectioner Thorntons fell 38
percent from £6.9 million in 2010 to £4.3 million in
the year to 25th June. Sales rose a scant 1.7 percent to
£218.3 million. At Thorntons’ online arm, Thorntons Direct,
sales grew 4.3 percent to £9.6 million.
Ironmongery Direct, a supplier of ironmongery
products, is moving to new premises at Scimitar Park in Basildon,
Essex after securing a seven-figure financing deal with Santander
Corporate Banking. The new 50,000 sq ft premises will enable the
company to centralise stock in one location, enhancing efficiency
as well as improving its next-day delivery service.
SuperGroup, owner of the Superdry apparel brand
reports that sales in the three months to 31 July 2011 rose 66
percent to £54 million. Retail sales were up 51 percent to
£34 million with all channels showing growth.
Total group sales at elecricals retailer Dixons
Retail slumped 7 percent on a like-for-like basis in the 12 weeks
to 23rd July against strong comparables such as the football
World Cup and the launch of the iPad. However, in a statement,
the company said its UK operations performed in line with
expectations and that it has identified an “additional
£10 million of cost savings” totalling a £60
million saving in the current financial year.
Fashion brand Zara has opened its US online
shop. Zara.com is offering free shipping to all 50 states selling
the full women’s men’s and children’s clothing ranges. It is also
operating a click and collect service, allowing customers to pick
up their orders from a store of their choice. Zara launched its
apparel website in the UK
last September.
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