Xebio Nine-Month Results Slip
Net income at the Japanese retailer was off 35% ¥3,657 million ($33.1 mm) from ¥5,648 million in the nine months ended Dec. 31 as revenues declined 1% to ¥174,301 million ($1,578.8 mm) from ¥176,614 million. Gross margin contracted 140 basis points to 39.1% and SG&A was up ¥389 million, or 70 b.p. as a percentage of sales to 35.3%. Apparel and ... Log in to view full article.
