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16/01/2004
Boots posts strong growth figures
Boots has followed up yesterday's jobs axe announcement by today posting strong growth figures for the last quarter.
Group sales for the third quarter ended 31 December 2003 were up by 5.2%, with like-for-like sales up by 4.1%.
Chief Executive Officer, Richard Baker said that Boots The Chemists has had a "good Christmas" and customers "responded well" to store and product improvements.
Boots Healthcare International was the standout area for the retailer, after registering 13.3% growth – or 9.9% in local currency.
For the next Quarter, Boots intends to: increase opening hours to meet changing customer shopping patterns; reduce overheads and simplify head office structure; and bring forward further price investment under the ‘Lower Prices You’ll Love’ strategy.
The anticipated quarterly cost of the strategy is expected to top £4 million – reaching £16 million to £20 million over 12 months.
Yesterday, Boots announced that it was to cut around 900 jobs at its Nottingham HQ "to improve speed of decision making and reduce costs". The costs associated with the head office reorganisation programme, falling in the fourth quarter of 2003/04, will be £30 million and were not previously in market forecasts.
(gmcg)
Group sales for the third quarter ended 31 December 2003 were up by 5.2%, with like-for-like sales up by 4.1%.
Chief Executive Officer, Richard Baker said that Boots The Chemists has had a "good Christmas" and customers "responded well" to store and product improvements.
Boots Healthcare International was the standout area for the retailer, after registering 13.3% growth – or 9.9% in local currency.
For the next Quarter, Boots intends to: increase opening hours to meet changing customer shopping patterns; reduce overheads and simplify head office structure; and bring forward further price investment under the ‘Lower Prices You’ll Love’ strategy.
The anticipated quarterly cost of the strategy is expected to top £4 million – reaching £16 million to £20 million over 12 months.
Yesterday, Boots announced that it was to cut around 900 jobs at its Nottingham HQ "to improve speed of decision making and reduce costs". The costs associated with the head office reorganisation programme, falling in the fourth quarter of 2003/04, will be £30 million and were not previously in market forecasts.
(gmcg)
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26 March 2004
Boots reports growth in quarterly sales
Boots The Chemists has reported that quarterly sales have grown an estimated 4.6% in total, in the seventh consecutive quarter of "good growth". However, the company said that the business needed a period of "significant investment" in the short term to improve its competitiveness, efficiency and bring it up to date with modern retail practice.
Boots reports growth in quarterly sales
Boots The Chemists has reported that quarterly sales have grown an estimated 4.6% in total, in the seventh consecutive quarter of "good growth". However, the company said that the business needed a period of "significant investment" in the short term to improve its competitiveness, efficiency and bring it up to date with modern retail practice.
26 January 2010
UK Emerges From Recession
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UK Emerges From Recession
The British economy has officially moved out of recession. Growth during the last three months of 2009 was recorded at 0.1%, a much smaller than predicted trajectory. The economy had shrunk for six continuous quarters, the deepest dip in over 50 years.
29 March 2006
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
Sainsbury's sales recovery continues
Supermarket chain Sainsbury's has reported another rise in sales for the January to March period - the chain's fifth consecutive quarter of like-for-like sales growth. The chain, the third largest supermarket in the UK, reported a 5.3% rise in like-for-like sales - excluding petrol - during the period.
07 February 2007
Britain braced for heavy snow
Britain is braced for heavy snow as forecasters predict heavy snow showers are to sweep across the country tonight and into tomorrow. The Met Office has issued severe weather warnings, with predictions that between 2cm and 5cm of snow could fall in southeast England, while up to 15cm of snowfall is expected in areas of Wales and the Midlands.
Britain braced for heavy snow
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26 April 2005
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
BP reports profit increase
BP profits have announced a rise in profit in their first quarter report for the company's new trading year. The oil company confirmed that its first quarter replacement cost profit was £5,491 million, an increase of 29% from the same period in 2004.
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Northern Ireland WeatherThis Evening and Tonight:It will be cloudy with a spell of heavy rain pushing south through late evening and the early hours, soon followed by some clear spells. Minimum temperature 6 °C.
