Specialty Fashion Group has managed to strengthen both its store portfolio and online presence, which has helped increase the company's revenue for the six month period to 30 June 2012 to $265 million.
David Jones' total sales continue to fall with third quarter reports decline 2.9 per cent compared to the same period last year from $411.7 million to $399.8 million.
Low foot traffic and a drop in sales in April, which has carried on into May, have forced Myer to re-evaluate its net profit after tax forecast for 2012 financial year.
Thorn Group recorded a 26.4 per cent increase in net profit after tax to $27.8 million and an increase of 34 per cent in cash net profit after tax to $29 million.
As its update for the three months to 31 March 2012, Westfield reported that comparable specialty retail sales for the 12 months were up 1.2 per cent and up 1.1 per cent for the quarter.
With financial results set to be announced, early indicators show that sales have increased around 2-3 per cent, with some stores performing well above that level.
Online marketplace Etsy.com has raised $40 million in new funding from Index Ventures that will accelerate its international expansion.
Harvey Norman has announced a profit decline of 24.8 per cent for the nine months to 31 March 2012 compared to the previous corresponding period.
In the 17 weeks to 18 April 2012, its sales growth of its Auto & Cycle and Sports division were both up 3 per cent whiles its leisure division experienced a 2.3 per cent rise.
JB Hi-Fi has announced that it expects its annual sales results for the 2011-12 financial year will be in line with forecasts, predicting sales of $3.1 billion for the year following a strong January-March quarter.