Era: failing to deliver
Article Abstract:
Era is a UK retailer of toys and photographic equipment which has seen a drop in its share price of 68% over 15 months and which has issued a profit warning. The company made a pre-tax profit of 1 million pounds sterling in 1995 with sales at 77 million pounds. The take-home pay for four executive directors was over 500,000 pounds in that year, while shareholders received a total of 126,000 pounds. Brokers had forecast a profit of 1.8 million pounds for 1996. The company has started to reduce costs, but its shares are not recommended for investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Toys R Us
Article Abstract:
Toys R Us is the biggest toy retailer world wide and has some 1,200 stores. The company began using the discount store format in the US and is expanding abroad. The US accounts for most of the company's sales and US retail conditions were difficult in 1995, affecting results. The company has responded by shutting down poorly performing stores and using bigger stores elsewhere, and this has been followed by a rise in profits. Price competition is less intense before Christmas 1996 and the company has scope for expansion.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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Toys 'R' Us
Article Abstract:
Toys R Us is the biggest retailer of toys world wide and faces charges from the Federal Trade Commission (FTC) of unfair competition. FTC claims that the company had pressurised manufacturers not to supply other retailers. The company has seen a rise in volume sales in 1st qtr 1996, but its share price has been affected by concern over the FTC action. The company plans to open 100 new outlets abroad as well as in the US. The company's earnings look set to rise, but problems with the FTC involve some risk for investors.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
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