Store openings have driven first-half revenue growth at Russian retailer Magnit. The firm said today (10 July) total sales increased by 32.5% in the first six months of the year. Gains were primarily driven by D, with 413 new stores ...
Tags: first-half revenue growth, Russian retailer Magnit, space expansion
Expansion into Russia and store openings hit Finland-based retailer Kesko's food profit in the first nine months of the year. Operating profit excluding non-recurring items from its food arm were down 7.6% to EUR123.4m (US$160.5m) in the ...
Tags: retailer, food profit, food, Operating profit
US retailer Natural Grocers by Vitamin Cottage has said it expects to open 11 stores in the next 12 months. The Colorado-based firm, which listed in New York in July, had 59 outlets selling natural and organic groceries across 12 states ...
Tags: Natural Grocers, Vitamin Cottage, food store, food industry
Turkish retailer Migros Ticaret has booked an increase in first-half profits after "strong" same-store sales. In the six months to the end of June, EBITDA totalled TRY196m (US$107.1m), a 10% increase on the prior-year period. Gross profit ...
US retailer Safeway Inc has booked a decline in operating profit in the first half of the year. For the 24 weeks ended 16 June, operating profits slid to $437m, an 11.9% decline on the prior-year period. The retailer blamed the dedcline ...
Tags: Safeway Inc, operating profit, food market, food industry
Russian retailer Magnit has booked an increase in profit in the first nine months of the year, boosted by a high pace of new store openings and a focus on low prices. In the nine months to the end of September, net income soared 140.6% to ...
US speciality retailer The Fresh Market booked a jump in third-quarter sales and earnings this morning (28 November). The Fresh Market said net sales rose 22.1% in the three months to 28 October, climbing to US$321.5m as new store ...
US retailer Family Dollar Stores has booked an increase in full-year earnings as the group continued its store openings and benefited from increased customer traffic. Net profit in the 12 months ended 25 August amounted to US$422.2m, an ...
Tags: Net profit, Operating profit, Net sales
Russian retailer Dixy has booked an increase in profit in the third quarter of the year. Earnings in the three months to the end of September amounted to US$8.7m, a 7.2% increase on the prior year period. Operating profit climbed 1.4% ...
Tags: Net profit, Operating profit, Net sales
Spanish discount retailer Dia has announced plans to launch a neighbourhood store model across Spain under the banner Dia Fresh. The format, which focuses on consumers' demands for fresh products, will stock items such as fruit, ...
Tags: Format Stores, diet products, store openings
HOUSTON - Bedding retailer Mattress Firm said sales jumped more than 50% in the quarter ended Oct. 30 due largely to acquisitions and store openings. Same-store sales, however, also rose 6.6% in the quarter as the company continued to ...
Tags: Bedding, Mattress Firm, Mattress
Cabela's Incorporated reported strong financial results for third quarter fiscal 2012. For the quarter, total revenue increased 9.2% to $741.2 million; Retail store revenue increased 15.8% to $456.0 million; Direct revenue decreased 6.7% ...
Tags: Cabela's, financial results, third quarter, revenue
The Wet Seal, Inc., a leading specialty retailer to young women, announced results for its fiscal third quarter ended October 27, 2012, and provided its financial outlook for the fourth quarter of fiscal 2012. For the third quarter: ...
Tags: United States of America, Sales
The Children's Place Retail Stores Inc.,the largest pure-play children's specialty apparel retailer in North America,announced third quarter net sales increased 3%to$500.9 million for the thirteen weeks ended October 27,2012,compared ...
Tags: Children's Place, Earnings, apparel retailer, net sales
US retailer Roundy's Inc said a "more challenging economic and competitive environment" affected results in the third quarter as profits fell. Earnings in the three months ended 1 October amounted to US$8.8m compared to $12.4m a year ...
Tags: retailer, competitive environment, profits fell, grocer