Xebio Topped $2 Billion in Sales Last Year
The Japanese retailer’s bottom line surged 42% to ¥4,249 million ($37.9 mm) from ¥2,991 million in the fiscal year ended Mar. 31 on 5 % higher revenues of ¥234,595 million ($2,091.5 mm) vs. ¥223,353 million. Same store sales increased 4.3% at the Xebio banner and 1.8% at Victoria stores. Gross margin contracted 40 basis points to 39.5% but profitability was boosted by 170 b.p. lower SG&A from reduced ad spending and ... Log in to view full article.