It was the third warning in six months from Blacks and its shares tumbled 35p to 362p.
The outdoor and leisure retailer blamed mild weather for a 6% fall in underlying festive sales.
Reclusive multi-millionaire Mike Ashley is a 30% shareholder and is rumoured to be planning to reverse his Sports World empire into Blacks.
House of Fraser’s new boss John King said the department store group, which recently went private, had a ‘terrific’ Christmas. Underlying sales rose 7.3% in the four weeks to December 30.
New Look was also celebrating, with party dresses flying off the hangers, lifting underlying sales by 3.2%. A 2007 return to the stock market is possible.
Less impressive was fashion retailer (up 6p to 187p) where sales were down 4%. But it signalled an improving trend and profits are on track.
Other stories:
Blacks hit by camping slowdown
SportsWorld in sales surge ahead of float
This entry was posted
on Friday, February 16th, 2007 at 11:32 am and is filed under .
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
It was the third warning in six months from Blacks and its shares tumbled 35p to 362p.
The outdoor and leisure retailer blamed mild weather for a 6% fall in underlying festive sales.
Reclusive multi-millionaire Mike Ashley is a 30% shareholder and is rumoured to be planning to reverse his Sports World empire into Blacks.
House of Fraser’s new boss John King said the department store group, which recently went private, had a ‘terrific’ Christmas. Underlying sales rose 7.3% in the four weeks to December 30.
New Look was also celebrating, with party dresses flying off the hangers, lifting underlying sales by 3.2%. A 2007 return to the stock market is possible.
Less impressive was fashion retailer (up 6p to 187p) where sales were down 4%. But it signalled an improving trend and profits are on track.
Other stories:
Blacks hit by camping slowdown
SportsWorld in sales surge ahead of float
This entry was posted
on Wednesday, January 10th, 2007 at 4:10 am and is filed under Stocks.
You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.