SmallCapNews | Stylo out of step as high street conditions dent profits

Search Site

Latest News

Features

Company Profiles

About

Stylo out of step as high street conditions dent profits

27 May 2008

Sales at Stylo, the shoe retail group that counts Barratts and PriceLess among its brands, fell 4pc to £223.3 million last year as tough high street conditions kicked in.

Consumer belt tightening led to a sale in March of Stylo’s loss-making Shellys brand to eternal Best Industries Ltd of Hong Kong.

The group did manage and improvement in gross profit percentage (excluding property impairment of £4.8 million) to 7.1% up from 6.7% last time. But that didn’t mask a wider pre-tax loss, including a property impairment charge, of £12.5 million up from £7.1 million in 2007.

Chairman and chief executive Michael Ziff, said the poor performance reflected the current difficult retail trading environment in which Stylo operates and which had resulted in a number of its direct competitors being sold or closed.

Stylo also announced today that David Patrick had resigned as managing director of Barratts and would be replaced by non-executive director, David Lockyer.

Industry Sector

Retailers

Relevant Companies

For more company information click below:

Headlines

» Nineteen wells to watch - update

31 August 2010

» Cladhan appraisal exceeds expectations

30 August 2010

» Oil & Gas Round-Up: 27 August

27 August 2010

» Oil & Gas Round-Up: 20 August

20 August 2010

» Rockhopper Exploration looks to Sea Lion flow test after Ernest duster

18 August 2010

» Oil & Gas Round-Up: 13 August

13 August 2010

» Nighthawk Energy on the trail of defamers

09 August 2010

» Oil & Gas Round-Up: 6 August

06 August 2010

» Oil & Gas Round-Up: 30 July

30 July 2010

» PetroNeft Resources expecting first oil production in late August

29 July 2010

» Nineteen second half 2010 exploration wells to watch

28 July 2010

» Argos Resources raises £22 million to join Falkland Islands exploration party

27 July 2010

» Petroceltic drilling in Tunisia and Algeria in second half of 2010

26 July 2010

» Smaller explorers enjoying exploration success in 2010

23 July 2010

» Oil & Gas Round-Up: 23 July

23 July 2010

» Faroe Petroleum makes it two discoveries in 2010 in Norway

22 July 2010

» Rockhopper Exploration mobilises rig to drill Ernest prospect

21 July 2010

» Insider traders in Tower Resources shares caught by FSA

19 July 2010

» Oil & Gas Round-Up: 16 July

16 July 2010

» Falkland Oil & Gas says Toroa is dry

12 July 2010

» Oil & Gas Round-Up: 9 July

09 July 2010

» Tower Resources moving ahead in Namibia and Uganda

08 July 2010

» Nighthawk Energy discloses Jolly Ranch shale report

07 July 2010

» GeoPark continues strong run of drilling success

06 July 2010

» Catcher delivers more good news

05 July 2010

» Oil & Gas Round-Up: 2 July

02 July 2010

» Rockhopper Exploration discovers oil

06 May 2010

» Thanks for your support

13 April 2010

» SmallCapNews is calling it a day…

24 March 2010

» PetroNeft spuds first Russian production well ahead of schedule

23 March 2010

» Ovoca Resources lifted by results of retesting programme at Oleninskoye deposit

23 March 2010

» Patagonia Gold cheered by latest gold-silver intercepts at Cap-Oeste South East

23 March 2010

» Platinum Australia releases latest drilling results from Rooderand project

23 March 2010

» Orsu Metals reports new resource estimates for Taldybulak and Karchiga

23 March 2010

» Northern Petroleum secures interest in Dutch production licence

23 March 2010

» Nighthawk Energy maintains focus on increasing production

23 March 2010

» Tower Resources stays committed to Uganda for another two years

23 March 2010

» FTSE Small Cap companies show restraint on executive pay

22 March 2010

» Circle Oil frustrated as Moroccan rains disrupt plans for drilling programme

22 March 2010

» Coal of Africa launches development work at Vele coal project

22 March 2010

» Frontier Mining secures licence extension in Kazakhstan

22 March 2010

» Bolero Resources acquires option over land close to rare earths discovery

22 March 2010

» Central China Goldfields to press ahead with Bullabulling gold project

22 March 2010

» Cove Energy reports additional gas pay in successful Windjammer well

22 March 2010

» Northern Petroleum wraps up 3D seismic survey offshore Sicily

22 March 2010

» Forte energy reports more high grade assays from Bir En Nar uranium project

22 March 2010

» Gulfsands Petroleum set to acquire interests in Tunisia and Italy

22 March 2010

» EnCore Oil agrees asset sale to Egdon and eyes new acquisition opportunities

22 March 2010

» Global gas glut could force Gazprom to refocus on Asian markets

19 March 2010

» US Oil & Gas targets explosive potential of Nevada acreage

19 March 2010

» See all News

Features

» Nineteen wells to watch - update

31 August 2010

» Nineteen second half 2010 exploration wells to watch

28 July 2010

» Smaller explorers enjoying exploration success in 2010

23 July 2010

» Thanks for your support

13 April 2010

» SmallCapNews is calling it a day…

24 March 2010

» FTSE Small Cap companies show restraint on executive pay

22 March 2010

» Global gas glut could force Gazprom to refocus on Asian markets

19 March 2010

» US Oil & Gas targets explosive potential of Nevada acreage

19 March 2010

» Renewables deal-making takes bigger slice of power sector M&A

18 March 2010

» Damage done by Nigeria’s contentious oil bill may be tough to undo

16 March 2010

» Investor view: Why I am still backing Nighthawk Energy

15 March 2010

» Cost of listing on AIM continues to rise despite IPO slump

12 March 2010

» Businesses face bribery shock as new laws make corruption rules tougher

11 March 2010

» International Oil & Gas Rig Count: February 2010

08 March 2010

» Iraqi elections likely to fuel tension in battle for Kirkuk’s oil reserves

05 March 2010

» Yemen urged to think harder on options for post-petroleum era

05 March 2010

» See all Features

Round-Ups

» Oil & Gas Round-Up: 27 August

27 August 2010

» Oil & Gas Round-Up: 20 August

20 August 2010

» Oil & Gas Round-Up: 13 August

13 August 2010

» Oil & Gas Round-Up: 6 August

06 August 2010

» Oil & Gas Round-Up: 30 July

30 July 2010

» Oil & Gas Round-Up: 23 July

23 July 2010

» Oil & Gas Round-Up: 16 July

16 July 2010

» Oil & Gas Round-Up: 9 July

09 July 2010

» Oil & Gas Round-Up: 2 July

02 July 2010

» Mining Week: 19 March

19 March 2010

» Oil & Gas Round-Up: 19 March

19 March 2010

» Mining Week: 12 March

12 March 2010

» Oil & Gas Round-Up: 12 March

12 March 2010

» Oil & Gas Round-Up: 5 March 2009

05 March 2010

» Mining Week: 5 March 2010

05 March 2010

» Crude oil hits ceiling in week as hedge funds attack Euro

28 February 2010

Popular

» Nineteen wells to watch - update

31 August 2010

» Nineteen second half 2010 exploration wells to watch

28 July 2010

» Cladhan appraisal exceeds expectations

30 August 2010

» Oil & Gas Round-Up: 27 August

27 August 2010

» Steve Remp and the rise of SeaEnergy plc

04 December 2009

» Rockhopper Exploration looks to Sea Lion flow test after Ernest duster

18 August 2010

» Oil & Gas Round-Up: 30 July

30 July 2010

» Petroceltic drilling in Tunisia and Algeria in second half of 2010

26 July 2010

» PetroNeft Resources expecting first oil production in late August

29 July 2010

» Oil & Gas Round-Up: 20 August

20 August 2010

» Oil and gas companies set for M&A boost in 2010

01 February 2010

» Orsu Metals reports new resource estimates for Taldybulak and Karchiga

23 March 2010

» Tower Resources moving ahead in Namibia and Uganda

08 July 2010

» Insider traders in Tower Resources shares caught by FSA

19 July 2010

» Argos Resources raises £22 million to join Falkland Islands exploration party

27 July 2010

» Nighthawk Energy on the trail of defamers

09 August 2010

© SmallCapNews | Contact Us | Terms of Use | RSS Feeds

Site by LunarSafari