While Myer continues to feel the financial pinch it aims to continue to roll out its five-point strategic plan, which it hopes will better position the company for the future.
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Collapsed retailers the cause and remedy of Gerry Harvey’s woes
The closing down sales conducted by the receivers of collapsed retailers have created unprecedented price erosion and historically low consumer expectations on the price of technology, Harvey Norman chairman Gerry Harvey claimed.
RFG bakes up a profit boost
Retail Food Group has reported a $30.3 million increase in net profit after tax, which up 8.9 per cent on the previous year.
Room for improvement: Wesfarmers
Coles has help driven Wesfarmers to a achieving a full-year net profit after tax of $2.1 billion, up 10.6 per cent from the previous year.
Focus helps Stockland’s profits
Effective focus on creating community hubs with a clear value and convenience offering has helped Stockland’s retail division reap $310 million in profit for 2012 financial year, an 8 per cent increase from last year’s results.
Westfield reports solid results
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.
Smooth sailing for BSR as Betta gears for relaunch
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.
Price discount hurts Harvey Norman’s profits
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.
JB Hi-Fi projects drop in annual profits
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.