Subscribe  |  NamNews Free Trial  Search KamCity

RETAIL NEWS, TOOLS, & TRAINING FOR
KEY ACCOUNT MANAGERS IN THE FMCG SECTOR

  LATEST NEWS

 

NamNews Retail News

 RSS Feed

Twitter icon

 Follow on Twitter

  

JAPAN: Seven & I Q1 Figures Benefit From Resurgent Economy

Seven and I Holdings has reported strong growth in its first quarter, helped by an economic resurgence driven by the so-called ‘Abenomics’ policy of PM Shinzo Abe.

The owner of the 7-Eleven chain saw its net profit jump strong 15% to 37.4bn yen (€290m), even as operating profit rose 9.5% to 73.7bn yen, and revenues grew 13% to 1.37trn yen (€10.6bn). The group’s c-store arm continued to drive profit, with a 5% increase in operating profit.

Seven & I said it had recorded a “pickup in personal consumption centred around high-priced goods such as jewellery and luxury brands”. It noted that demand for cheaper goods remains strong, but demand for discretionary items on weekends and other occasions has grown.

The group reiterated its full-year operating profit forecast of a record 340bn yen and revenue of 5.6trn yen.

NamNews - Friday 5th July 2013


JAPAN: Seven & I Q1 Figures Benefit From Resurgent Economy

 


comments powered by Disqus

About KamCity  |  Advertise  |  Contact Us  Search KamCity

 

Follow Us: 


© Copyright EMR-NAMNEWS Ltd. 1997-2014