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Sally Beauty Holdings Q3 profit surges 68%
New York City -- Sally Beauty Holdings on Thursday said that its fiscal third-quarter profit increased 68% as sales rose while it held its expenses in line.
The beauty retailer posted net income of $69.1 million for the three months ended June 30, compared with $41.1 million a year earlier. Revenue rose 13% to $837 million.
Sales at Sally Beauty Supply stores rose 11% to $517.2 million. Same-store sales gained 6.1%. The division had 3,123 stores at the end of the quarter.
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Tesco signs eight-year, global agreement with Microsoft
Reading, England -- Tesco has committed to the Microsoft platform in an eight year, world-wide agreement. The deal is designed to enable the U.K.-based retailer to improve productivity, decision-making, knowledge sharing and operational excellence across the 14 countries in which it currently operates.
The agreement will underpin Tesco’s strategic objectives of growing its international presence; expanding its non-food business; and offering a broad selection of retail services such as banking, online and mobile.