Grocery retailer ITM (Intermarché) has, after several years of struggling sales, reported like-for-like revenue growth of 3.1% to e19.2bn (£16.3bn) excluding fuel for the 2011 financial year. Like-for-like sales in the first four months of 2012 rose 7.9%.
ITM’s hypermarkets outperformed its supermarkets in 2011, delivering a 3.9% uplift in sales, excluding petrol.
This time last year Homebase had just reported a £114.5m loss following several bad decisions by its former owner Wesfarmers.
TK Maxx owner TJX has hailed a strong fourth-quarter and full-year results exceeding expectations.
Homebase has hailed a return to profit ahead of plan in its full-year results and plans to open new smaller-format stores.
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The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
Several retailers have pledged money to the appeal to support those fighting the devastating bushfires in Australia.
It might be assumed that the ceiling has been reached for online FMCG sales, but that assumption falls wide of the mark.
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