Magazines Archives - 2007 March

Seven & I Reports Strong Nine-Month Profit Increases
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JAPAN’S Seven & I Holdings said net profits for the first nine months of the year ended 30 November 2006 rose 4.6% to ¥104.85 billion (US$894.64 million), bolstered by its recently acquired department store unit.

The nation’s largest retailer said group operating profit came to ¥213.24 billion in the period, up from ¥191.44 billion a year earlier, thanks to its acquisitions of department store group Millennium Retailing and grocery store chain York-Benimaru.

Seven & I Holdings also owns Ito- Yokado supermarkets and the Denny’s Japan family restaurant chain. Group revenues for the March- November period came up to ¥3.937 trillion, up 36.9% from ¥2.875 trillion a year ago.

Its core unit Seven-Eleven, however, has been experiencing slow same-store sales as it faces tough competition from other supermarkets that open long hours.

In spite of this, the group stuck to its operating profit forecast of ¥305 billion for the full year to February 2007.


2007 March Stories:

Digital Signages Driving Up Business

Retailers Must Adapt To Secure Growing Grey Market

Tourists Spent Record Amount In Singapore Shops Last X’mas

Wumart Q3 Profits Up

Vietnam Retail Sales Grew Almost 21% In 2006

Esprit To Open 400 More Stores Globally

Seven & I Reports Strong Nine-Month Profit Increases

Courts Sets Up Its Largest Asian Store In Singapore

Prices of MP3 Players to drop, while those of leather goods on the rise

New store concept visualises Timberland’s ethics

Nuance-Watson opens five stores at HKIA SkyPlaza

Clinique, Estee Lauder to enter India

Selling magazine subscriptions on retail shelves

Singapore Fashion Festival to celebrate Asian beauty

The Body Shop to open 45 stores in India

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