Sales continue to improve for Woolworths after it announced total group sales reached $14.1 billion, an increase of 3.8 per cent on the previous year in its third quarter sales.
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Billabong cuts 400 jobs
This comes as part of the surfwear company’s announcement of its first half year profits where it achieved a mere $16.097 million.
Heavy discounting continues for Wesfarmers
The retail giant reported a net profit after tax of $1.176 billion for the six months to December and excluding non-trading items it was $1.203 billion.
Westfield enters into $4.7B JV with solid profits
Westfield Group has announced an AIFRS net profit for the year of $1.53 billion, up to 37.6 per cent on prior year.
And the winner is… Wesfarmers
Wesfarmers has come out on top for the tenth quarter straight over rival Woolworths boasting Coles delivered a “record-breaking” Christmas.
SFG to focus on online business
Specialty Fashion Group will be looking to “rationalise” 120 of its bricks and mortar stores over the next three years as it looks to focus on its other channels.
Super Retail prepares for 35% sales growth
It announced group sales for the 26 weeks to 31 December 2011 is expected to be $758.6 million, mainly contributed to the success of the Rebel Sports and Amart All Sports businesse.
Euro crisis dampens Billabong’s sales
Just like its fellow retailer JB Hi-Fi, Billabong was reporting at its AGM in October to be trading wel but this quarter the sales growth trend has “deteriorated significantly”.
Kathmandu bucks retail trends
On the other end of the spectrum away from David Jones and Myer is Kathmandu who has reported a 32 per cent increase in EBIT to $64 million.