By Planet Retail2012-10-19T07:00:00+01:00
Costco reported that net income for the fourth quarter ended September 2 increased by 27% to $609m (£378.7m).
Net sales climbed 14% to $31.52bn (£19.6bn). Like-for-like sales were up 6% in the US and 2% in Costco’s international division.
Pets at Home boss Peter Pritchard insists the business can capitalise on a “baby boom” of pet owners amid the coronavirus pandemic.
Pureplay electricals specialist AO.com has reported a profit in the first half of the financial year off the back of “strong” revenue growth and greater customer demand.
Pets at Home reported growth in like-for-like sales in the first half of the financial year, although underlying profits were hit by costs associated with the ongoing coronavirus pandemic.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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