Fashion retailer Country Road seems to have had a succeeding half year, reporting that sales were up 5.1 per cent on the corresponding period last year.
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Woolies trails behind Coles
It food and liquor sales for the first quarter saw sales increase 4.4 per cent to $9.7 billion but it wasn’t enough to beat Cole’s 5.2 per cent increase.
Coles powers Wesfarmers’ profits
The Coles division delivered strong earnings growth of 21.2 per cent for the year, increasing earnings by $204 million to $1,166 million, which saw Wesfarmers achieve NPAT of $1.9 million.
JB Hi-Fi’s high hopes
The company expects its sales results in the financial year circa to be $3.2 billion despite reporting that comparable store sales growth was a negative 1.2 per cent for the financial year of 2011.
Kathmandu sees better results
The company expects that EBIT to be between NZ$63 million and NZ$65 million, compared to $47.9 million for the previous year. This will be a 31 per cent to 36 per cent increase.
Calls for simpler tax laws to ease burden on small business as financial year en
The end of the financial year could be a compliance headache for retailers as they come to grips with the Federal flood levy when it comes into force in July, according to business software company MYOB.
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.
Country Road’s 4.4% first-half profit
Country Road director Ian Moir said the challenging trading conditions were brought about by a significant drop in consumer spending through the half.
Retail revenue flies high
MAp, the owner of Sydney Airport, announced earnings before interest, tax, depreciation and amortisation were $773.3 million in calendar 2010, up from $690.2 million in 2009.