While it may appear nothing but doom and gloom in the retail sector, Woolworths has posted slightly positive sale results of a 4.7 per cent increase on the previous year.
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Uncertainty changes Woolies’ profit guidance
Supermarket giant Woolworths has reported a 6 per cent increase of its net profit after tax to $1.16 million for the 27 weeks ended 2 January.
Sales up for David Jones despite scandal
David Jones has announced a 7.3 per cent increase in sales revenue for the fourth quarter 2010 from $512.3 million in 4Q09 to $549.6 million in 4Q10.
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.
Metcash profit up 12.4 per cent
Metcash’s profit has increased by 12.4 per cent to $227.6 million from $202.5 million for the year to 30 April 2010. Wholesale sales rose by 4.9 per cent rise to $11.51 billion from $10.97 billion.
Adelaide company fined for underpaying workers $120,000
An Adelaide company and its director have been fined almost $50,000 for deliberately underpaying 51 supermarket trolley collectors a total of $120,000.
DJ’s 4Q09 results outperform every other quarter
David Jones has just announced its sales results for the fourth quarter FY09 ending 25 July 2009. The company saw overall growth on a total sales basis and outperformed every other quarter of FY09.
Car wash fined $200,000 for short-changing staff
A Melbourne car wash and its director have been fined more than $200,000 for underpaying five staff a total of $4511.
City convenience stores back-pay workers $50,000
Fifteen convenience stores in Sydney’s CBD will reimburse 80 workers more than $50,000 after an investigation by the Fair Work Ombudsman found the employees were being underpaid.