Company Earnings Announcement
Uniqlo operator logs 23.5pc jump in quarterly profit
The operator of cheap-chic clothing giant Uniqlo said on Thursday that steady winter-clothing sales helped boost its latest quarterly net profit by 23.5 percent from a year ago.
Japan-based Fast Retailing said it earned JPY38.5 billion (USD437 million) in its September-to-November quarter on sales of JPY318.14bn, up 16.7 percent on-year. The company's fiscal year ends in August.
China Dashang Group's revenue exceeds USD21b in '12
Dashang Group, a department store operator based in the Chinese city of Dalian, told reporters recently that its annual sales revenue grew by 19 percent last year, exceeding CNY131 billion (USD21.04b) in total, which was above the average growth rate of the nation's retail sales of consumer goods and that of the industry average.
Gap reports 5pc increase in December sales
Gap Inc. reported on Thursday that net sales for December 2012 increased 5 percent compared with the same period last year.
Net sales for the five-week period ended 29 December were USD2.08 billion compared with net sales of USD1.98 billion for the five-week period ended 31 December 2011.
The company’s comparable sales for December 2012 were up 5 percent compared with a 4 percent decrease for December 2011.
Poh Kong’s pre-tax profit falls
Malaysia-based jewellery retail chain store Poh Kong Holdings reported a decline in its pre-tax profit for the first quarter ended Oct 31 2012, reaching RM15.899 million (US$5.2 million). It was a significant drop from RM25.822 million (US$8.5 million) in the same quarter last year.
Taiwan's Asustek achieves record November revenues
Asustek Computer has announced revenues of TWD39.64 billion (USD1.36 billion) for November, a new monthly record with growths of 11.5 percent on month and 32.7 percent on year, while the company's combined revenues from January to November also grew 17.6 percent on year to TWD344.65 billion (USD11.8 billion).
The company's consolidated revenues for the month also grew almost 20 percent on month to reach at least more than TWD43 billion (USD1.4 billion).
Higher interest expense, weaker sales hurt Toys "R" Us
Toys "R" Us Inc reported a wider third-quarter net loss on Friday as the world's largest dedicated toy retailer was hurt by weaker sales and higher interest expense.
The New Jersey-based retailer, which operates stores under its namesake brand and the Babies "R" Us and FAO Schwarz labels, said its net loss widened to USD105 million in the quarter, ended on 27 Oct., from USD93m a year earlier.
Sales fell 3.4 percent to USD2.6 billion, while interest expense rose by USD29m to USD135m.
HTC November sales up more than 20pc
Having declined for four consecutive months, HTC's revenues rebounded to a sequential growth track in November 2012.
HTC has announced November revenues of TWD21.2 billion (USD729.7 million), a 23.3 percent increase from TWD17.2 billion (USD592 million) in the prior month. Compared to the TWD30.9 billion (USD1.06 billion) reported for November 2011, the sales figure showed a 31.4 percent decrease.
HTC's cumulative 2012 revenues through November totaled TWD267.5 billion (USD9.2 billion), slipping about 39 percent from a year earlier.
Guess 3Q revenue sank in all markets except Asia
Guess Inc. said on Wednesday that its third-quarter profit sank on weak consumer confidence around the globe. The clothing maker still managed to beat the market's revenue expectations, and it announced plans for a special dividend.
Guess earned USD36.6 million, or 43 cents per share, for the period that ended on 27 Oct. That's down from USD66.3m, or 71 cents per share, in the same quarter last year. Total revenue fell 2 percent to USD628.8m on lower royalties and sales.
China's Nepstar Chain Drugstore reports 4.3pc revenue growth in 3Q
China Nepstar Chain Drugstore Ltd., the largest retail drugstore chain in China based on the number of directly operated stores, reported a revenue of USD101.0 million for the third quarter, or a 4.3 percent growth compared with the same period last year.
Fuxiang Zhang, Chief Executive Officer, daid despite a reduction in the number of our stores, the company continues to see growth in its total revenue and same store sales, which had been driven by its proactive sales and marketing campaigns and by optimizing our product offerings.
China's GOME sees 3Q net loss of USD29.8m
GOME Electrical Appliances Holdings, China's number two home appliance retail chain operator, swung to a loss in the third quarter from a profit a year earlier due to sluggish demand, rising costs and a loss at its e-commerce business.
GOME and bigger rival Suning Appliance, seen by some as China's answers to Best Buy, are being pressured by weak consumer demand that has eroded spending on appliances such as televisions, refrigerators and washing machines.
