-
JoS. A. Bank posts record profit in fiscal 2010
Hampstead, Md. -- JoS. A. Bank Clothiers reported Wednesday that net income for fiscal year 2010 leaped 21% to a record $85.8 million, compared with $71.2 million in the year-ago period.
Net sales surged 11.4% to a record of $858.1 million in fiscal year 2010, compared with $770.3 million in fiscal year 2009.
Same-store sales increased 7%.
-
Asia CEO: Wal-Mart makes $16 billion sales annually in Japan, China, India
Bentonville, Ark. -- Wal-Mart Stores’ Scott Price, CEO for Asia, said Wednesday that the retailer makes $16 billion in annual sales in Japan, China and India.
In a report broadcast on Wal-Mart’s website and covered by Bloomberg, Price said that operations in Japan have $8 billion annual sales from 414 stores with 36,000 workers.
Annual revenue is $7.5 billion in China, generated by 329 stores, and sales in India are less than $1 billion a year, according to Price.