Strong sales continue to be achieved by Coles and Bunnings despite consumer sentiment remaining subdued throughout the 2012 first quarter.
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Metcash posts 6.1% profit lift
It said that its profit after tax grew from $227.6 million to $241.4 million for the year to 30 April 2011 but still expects market conditions to remain challenging for the rest of the calendar year.
New products boost Kathmandu’s profits
Outdoor clothing retailer Kathmandu has reported a 21.6 per cent increase in EBIT to $15.2 million, for the six months ended 31 January 2011.
Discounting deflates Harvey Norman’s profits
The electronic and furniture retailer announced that its half-year profit before tax from continuing operations was $198.61 million compared to $237.77 million for the half year of the same period on the previous year.
DJs’ sales slumps 2.7%
Department store David Jones said it faced “challenging trading” throughout the second quarter of the year with cooler weather, the Queensland floods and a decline in consumer sentiment.
RFG’s 5th win
Retail Food Group said increased revenue generated from franchising options underpinned the company’s fifth consecutive record first half net profit after tax.
Myer up on profit
The company saw sales increase by 0.7 per cent from $3.261 million to $3, 284 million.
Woolworths posts a $2.1 billion sales increase
Woolworths this week announced full year sales of $51.7 billion, a $2.1 billion or 4.2 per cent increase on the previous year.
Myer sales up 2 per cent
Myer Holdings Limited has released its sales figures today for the first half of FY10 to 23 January 2010. The retailer posted total sales revenue of $1,797 million, up two per cent compared to the corresponding period last year.