The retailer is expecting the challenging first quarter trading conditions to continue right through Christmas before improvements will be seen in early 2011.
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Strategies in place for Aus Post
The postal corporation saw a 4.2 per slip in mail volumes that was affected by the global shift towards digital communications but has identified four key priorities to overcome the downfall.
JB Hi-Fi’s high hopes for Christmas
The overall strength of the economy, low levels of unemployment and a strong product assortment should underpin a successful Christmas trading period, company CEO Terry Smart said.
IKEA reveals profits
The privately-owned company has disclosed its first yearly summary in its published report, ‘Welcome Inside’.
Harvey Norman franchisees boosts revenue
The company delivered an underlying result before tax of $314.17 million compared with an underlying result of $308.06 million for the prior year, an increase of 2 per cent.
Profits rise by 18% for Oroton
The company said it has had a good year of trading, especially its Oroton brand which saw store sales increase by 10 per cent and its online sales grow by 50 per cent since last year.
David Jones’ profits on track
David Jones presented to an investor roadshow indicating that it is on track in achieving its expectations for FY11 after just seven weeks into the new fiscal year.
Market expansion for Pumpkin Patch
With its net profit after tax up 76 per cent from $14.5 million in 2009 to $25.5 million, childrenswear retailer Pumpkin Patch is looking to continue to expand its footprint across a number of markets.
DJs comes out on top
Despite intensive discounting and promotional activity followed by two cycles of the Government Stimulus packages, DJs has reported a steady increase in its profits for the year ended 31 July 2010.