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Times Online (Free subscription) | 10/03/2008
... sales were down 6 per cent and electricals and home technology fell 7.2 per cent, John Lewis said. Freddie George, retail analyst at Seymour Pierce, said today’s update indicated like-for-like sales — stripping out the impact of new store space — fell by around 11 per cent or 12 per cent at the department store business. In comparison, Marks & Spencer yesterday said that like-for-like...
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The Independent (Free subscription) | 10/03/2008
... electricals and home technology fell 7.2 per cent, John Lewis said. Seymour Pierce retail analyst Freddie George said today's update indicated like-for-like sales - stripping out the impact of new store space - fell by around 11 per cent or 12 per cent at the department store business. He added: "It was also a very poor week for Waitrose with sales reported to be down by 0.7 per cent...
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icWales (Free subscription) | 10/03/2008
... beginning of 2008 compared to heavier falls among other retailers.Seymour Pierce retail analyst Freddie George said: “The company is still benefiting from people choosing to maintain their old cars rather than purchase a new one but not surprisingly has seen some slowdown in its leisure category.”Mr George said he would not be lowering profit forecasts of around £94.5m over...
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Financial Time (Free subscription) | 10/02/2008
... gross margin rose two basis points to 58.7 per cent. Interim dividend increased from 5p to 5.25p.Freddie George, retail analyst at Seymour Pierce, said these were “good figures in a difficult trading environment. Nonetheless, he cut his rating on the stock from “hold” to “sell” on concerns that young professionals - which make up the core of Ted Baker’s customers - would be hard hit...
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Reuters UK (Free subscription) | 09/22/2008
"Forecasts are being downgraded because of a weaker outlook. We are conservatively assuming that trading will remain depressed ahead of Christmas and that there will be a higher level of discounting than previous years, in a market which is likely to be more competitive," says Seymour Pierce analyst Freddie George in a note.
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Scotsman.com (Free subscription) | 09/17/2008
... it expected to operate within its existing borrowing facilities.Seymour Pierce retail analyst Freddie George said today's figures came in worse than expected, adding his forecast for a £2 million full-year loss was under review.He said: "We still expect the existing offer from the Malcolm Walker consortium offer to falter while there are no easy win strategies for Woolworths."
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The Herald (Free subscription) | 09/17/2008
... done is surprise people on the positive side about its debt position."But Seymour Pierce analyst Freddie George wrote in a note: "We are concerned that in a more difficult trading environment in 2008-09, the company will come close to breaching its covenants."
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The Telegraph (Free subscription) | 08/23/2008
... saw sales fall. The Peterborough store saw the biggest slump of the week with sales down by 18.7pc.Freddie George, retail analyst at broker Seymour Pierce, described the figures as "disappointing". "The out-of-town stores had another poor week although the dotcom business showed good growth," he said.A John Lewis spokesman said sales should have improved in the week ending today....
