The company reported an increase in revenues and profit, although a warning from the chief executive about the impact of weak pound and difficult trading means there is a lot of work to do.
Lovehoney reported pre-tax profits up by 68 per cent in its latest financial year. This is in large part driven by the increasing mass-market appeal of the sex toys it sells online – led by its exclusive Fifty Shades Darker licensed ranges.
B&Q owner Kingfisher saw its third quarter results helped by another strong performance at Screwfix, but weakness in France continued, weighing on its performance.
AO World has posted a surge in half-year profits and sales as gross margin gains and increased brand awareness bore fruit.
Debenhams reports that its investment in improving its multichannel service through a mobile-first strategy has helped it to grow online sales by 9.3 per cent in its latest financial year. The retailer has brought the management of store and online operations together under retail director Ross Clemmow, as it looks to deliver a seamless shopping experience to customers.
Gear4music reported how a strategy of European expansion had paid dividends in a half-year in which international sales soared following the EU referendum and the subsequent weakening of sterling.
ASOS has reported a 26 per cent increase in retail sales and says that mobile is not only critical to its success, but part of its vision to “fundamentally change the way customers love and shop for fashion”.
Game says it aims to be the first retailer to enable computer gamers to shop, play and socialise both online and offline by bringing together multichannel retailing and live gaming.
Revenue across the UK and Europe rises by 8.5 per cent to £131 million as sales perk up despite difficult trading conditions.
ScS Sofa reported online sales up by almost a fifth following a year that saw it invest in developing its ecommerce platform and trading website.
Internet sales reached £10m, up from £8.4m a year earlier – up by 19.8 per cent.
Sainsbury’s has moved quickly to capitalise on its acquisition of Argos and says 30 Argos digital stores will be open in its supermarkets by Christmas 2016, double the number already open.
Pre-tax profits at Moss Bros rose 30 per cent to £3.7 million after the retail and suit hire company’s new strategy of appealing to a younger, more fashionable crowd appeared to pay off.