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Warehouse club Costco reported that net sales declined 5% to USD15.48 billion during the third quarter of 2009. Comparable sales were down by 5% in the US and 12% in the international division, although the numbers were flat in the US without gas deflation and an increase of 8% in its international division without foreign exchange impacts. Net income for the third quarter was USD209.6 million, compared to USD295.1 million during the third quarter of fiscal 2008. Richard Galanti, Chief Financial ...

French retailer Carrefour has reported that gross sales for Q1 reached EUR22.7 billion (USD30.51 billion), a decrease of 1.4% at constant exchange rates compared to the previous year. Q1 sales for its French hypermarkets declined by 5.4% on a like-for-like basis including petrol. Excluding petrol, like-for-like sales were down 2.5%. However, the retailer stated that revitalised commercial dynamics were beginning to pay off with a satisfactory winter sale period in January, strong catalogue ...

Marks & Spencer has reported like-for-like sales fell 4.2 per cent in its fourth quarter, but the retailer's performance was better than feared. In the 13 weeks to March 28 like-for-like sales in its food division fell 3.7 per cent and M&S said that this improved performance had been buoyed by better ranges and offers such as its Dine In deals. Group sales were up 1.9 per cent. International sales grew 23 per cent with online sales up 20 per cent. M&S chairman Sir Stuart Rose, who has faced ...

More than half of retailers reported lower sales in the year to early February and retail job cuts rose to a record rate in the same period, according to the CBI's latest Distributive Trades Survey. In the survey, conducted between January 27 and February 11, 52 per cent of responding retailers said their sales were down, while 27 per cent reported sales were up. The balance of –25 per cent was less than the –47 per cent recorded in January but is expected to worsen slightly to –33 per ...