Thorntons' supermarket sales beat stores
Thorntons' sales of chocolates to the big supermarkets overtook those in its own stores for the first time during the last quarter.
The chocolatier unveiled the milestone as it boasted of a strong performance in the third quarter, which included the Valentine's Day, Mothering Sunday and Easter trading periods. It now expects full-year profits to be "substantially ahead" of City forecasts of £3.1m, with its house broker, Investec, pencilling in a £4.5m return.
Thorntons said its UK commercial sales, primarily to the big grocers, such as Tesco and Sainsbury's, rose by 10 per cent to £27.4m over the 14 weeks to 20 April, as opposed to the £26m which was delivered by the retailer's shops.
The company is quitting unprofitable sites and now has 309 stores, 24 fewer than a year ago.
Its online sales fell by 4.6 per cent to £2.2m over the 14 weeks, reflecting the teething problems it had after it launched its new website last year.
International sales grew 30.8 per cent to £1.1m.
- 1 Exclusive: Abusers using spyware apps to monitor partners reaches 'epidemic proportions'
- 2 Margaret Thatcher 'expressed fears of Asian rising' at Anglo-Irish summit in 1984
- 3 Sussex couple die in suspected Christmas Day 'suicide pact'
- 4 The 'Black Museum': After 150 years, public set to see exhibits from police’s grisly crime museum
- 5 The Unluckiest People of the Year 2014 (and one very unlucky giraffe)
British actor Idris Elba cannot star as James Bond because he is black, says shock jock Rush Limbaugh
Germany anti-Islam protests: 17,000 march on Dresden against 'Islamification of the West'
Ukip member gets into Christmas spirit with Union Flag plea to Santa 'for our country back'
Immigrants make UK racist, says Ukip councillor Trevor Shonk
BBC director Danny Cohen: Rising UK antisemitism makes me feel more uncomfortable than ever
Katie Hopkins speaks out on childhood obesity: 'Parents of fat children should be prosecuted for child cruelty'
iJobs Money & Business
Not specified: Selby Jennings: VP/SVP Credit Quant Top tier investment bank i...
Not specified: Selby Jennings: Quantitative Research | Global Equity | New Yor...
Not specified: Selby Jennings: SVP Model Validation This top tiered investment...
Highly Competitive: Selby Jennings: Our client, a leading European Oil trading...