Christmas lift for Burton
Friday 24 January 1997
Burton's announcement leaves only Marks & Spencer of the big retailers yet to report its Christmas trading statement. Of the supermarket groups Sainsbury will issue a trading update today.
Burton, which has been rejuvenated under chief executive John Hoerner, said group sales in the 20 weeks to 18 January were 11.1 per cent ahead of the same period last year. Debenhams and the chain stores contributed 7.3 per cent of the growth. The remainder came from Burton's recent mail order acquisitions, Innovations and Racing Green.
Burton also reported that its margin increased by a full percentage point over the year.
Debenhams once again proved itself to be the group's star performer. It increased sales by 9 per cent with the two new stores in Dublin and Lincoln performing well.
Two more stores will open in the Leeds White Rose Centre and at Barrow in Furness in the spring.
Speaking to shareholders at the group's annual meeting yesterday, Burton chairman Sir John Hoskyns said the group was starting to integrate Innovations and Racing Green, both acquired last year.
Though the trading statement was in line with expectations, Burton shares closed 6.75p lower at 155p, largely on profit-taking.
- 1 Notting Hill Carnival: Woman shares selfie after being ‘punched in face for telling man to stop groping her’
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 4 George Galloway attacked on Notting Hill street by man 'shouting about the holocaust'
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway attacked on Notting Hill street by man 'shouting about the holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
Do you realise just how foolish the UK looks?
Ukip Douglas Carswell defection: Tory MP jumps ship to join Nigel Farage
When elitism grips the top of British society to this extent, there is only one answer: abolish private schools
- < Previous
- Next >
iJobs Money & Business
£50000 - £80000 per annum + benefits+bonus+package: Harrington Starr: Data Sci...
£450 - £500 per day: Orgtel: SAS Business Analyst, London, Banking, Credit Ris...
£32000 - £38000 Per Annum Bonus, Life Insurance + Other Benefits: Clearwater P...
£200 - £250 per day + competitive: Orgtel: KYC Analyst, Key Banking Client, Bi...