Online fashion retailer ASOS shrugged off the consumer downturn, posting a steep rise in annual profit and a near doubling in first-quarter sales as it benefits from the growing popularity of Internet shopping.
Swedish high-street clothing chain H&M reported a 13.6 percent rise in second quarter net profit Wednesday June 18th to 3.93 billion kronor (million dollars, 420 million euros), boosted by favourable exchange rates and strong sales in May.
Department store sales at retailer John Lewis JLP.UL have broken a four-week losing streak, rising 2.1 percent in the week ended June 7 compared with the same time a year ago, it said on Friday. Sales were led by an 8.
The blue-chip index ended almost 2 percent lower on Wednesday after banks and builders took a pummelling on funding concerns, while retailers headed south on negative broker comment. The FTSE 100 .FTSE slumped 104 points, or 1.8 percent to 5,723.
By Tim Gaynor SCOTTSDALE, Ariz. (Reuters Life!) - Arizona realtor Marie Richert raises the pink, palm-sized gadget and takes aim at the silver foil outline of a man set up in the kitchen of her friend's home.
Marks and Spencer's annual profits hit 1 billion pounds but the retailer cut its staff bonus, having failed to meet internal targets, and warned a slowdown in consumer spending could run until autumn 2009.
Platinum prices spiked to an all-time peak close to 2,300 dollars on Tuesday March 4th as the white metal got fresh support on the back of a weak dollar and supply worries in key producer South Africa.
The price of oil touched an all-time peak of 101.32 dollars a barrel in trading on Thursday, lifted by fears of supply disruptions, according to analysts. Oil's surge helped gold to a record high of 948.