Positive Q1 response from UK retailers
12/04/2007
A new study from financial and business adviser Grant Thornton UK LLP has revealed that the majority of
The research revealed that 44% of all listed retailers issued positive trading statements for the first three months of the year compared with 33% in 2006 and 25% in 2005. 46% issued neutral statements leaving only the remaining 10% issuing negative statements. Furthermore, only six profit warnings were issued during the quarter, down from nine in the same period in 2006.
74% of retailers experienced an increase in like-for-like sales, up from 50% in the first quarter of 2006.
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