Thorntons’ high street woe continues

first_imgThorntons, the high street chocolatier, has marked its centenary year with record sales figures – but posted a loss of £1.1m after it was hit by £5.4m in impairment charges, such as high rents.Revenues increased by 1.7% to £218.3m in the year to 25 June after strong sales through supermarkets and other commercial channels offset an 8.2% drop in sales via its own stores.Pre-tax profits before exceptional items dropped to £4.3m from £6.9m.Commercial sales jumped 26% to £78.8m in the full year, as Thorntons continued to develop distribution deals with supermarkets, while it took its share of the chocolate box market to around 34%.The market share of Thorntons branded products increased by 7.7% , up from 7.4% in 2010.The chain, which plans to close up to 180 stores over the next three years as it grows sales through the internet and other retailers, is working on revitalising the brand by creating a “theatre of the senses” in its stores, and will look to rely less on seasonal events.John von Spreckelsen, Thorntons’ chairrman, said: “We anticipate that the weakness in footfall and consumer sentiment experienced through our own store and franchise channels during the first half of 2011 will continue at least into 2012. We are, however, looking forward to another strong year of growth in our commercial channel”.>> Thorntons plays it cool with bakery and dessertslast_img read more

Dynautics Introduces Phantom AUV

first_imgDynautics has launched a modular and scalable AUV, called the Dynautics Phantom.The first iteration of the product, which has been sea trialed and shipped to customers, can be seen at the upcoming technology exhibition in Southampton, UK.According to the company, the release of the Dynautics Phantom represents a new concept in modular AUV design that can be adapted to carry a range of payloads and scalable to ensure it can be adapted to suit the end users’ mission.Dr Henry Robinson, Dynautics CEO, said, “We have developed a simple and efficient design on a fast turnaround basis, the sea trials have been successful, and we have shipped products to our first customer. We designed the Phantom AUV to be modular to ensure we can adapt the design to meet the needs of our potential customers. We understand that customers have specific mission needs and we want to help them achieve a successful outcome.“last_img read more

Lacson: Negros to remain under MGCQ

first_imgBY DOMINIQUE GABRIEL BAÑAGABACOLOD City – Gov. Eugenio Jose Lacson believes Negros Occidental would still remain under modified general community quarantine (MGCQ) on July 1.During an event yesterday at the provincial Capitol building, Lacson dispelled rumors circulating on social media claiming that the province would be returned to enhanced community quarantine.“I really think MGCQ will still be in effect,” Lacson said.Even though there has been marked rise of COVID-19 cases among recently returned locally stranded individuals (LSIs), Lacson said it is still very small numbers and he is thankful that the National Inter-Agency Task Force gave them a “short-break” from receiving new LSIs.Responding to questions about the province’s economic recovery under the MGCQ, wherein there are still aren’t to many people moving around, Lacson said it is really a question of confidence and if people still doesn’t feel that it is safe, then it is better to stay at home.“As long as the vaccine is [not yet available], I think economic recovery would take a while,” Lacson added./PNlast_img read more