The versatility and resilience of retailers helped many stores survive last year s complicated holiday shopping season in the United States, which was plagued by frequent.
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Pic: Boot Barn Boot Barn Holdings Inc, a US-based lifestyle retailer of footwear and apparel, reported 6.5 per cent sales increase to $302.3 million in its third quarter (Q3) FY21 ended on December 26, 2020, compared to the sales of $283.9 million in the same period last year. Company s net income for the quarter rose to $29.5 million (Q3 FY20: $24.8 million). “Our strong third quarter results against a difficult economic backdrop demonstrate the power of our business model. The work we’ve done over the last several years successfully executing our key strategic initiatives has provided the foundation to navigate the ongoing headwinds from Covid-19 and deliver mid-single digit same store sales growth and a 150-basis point improvement in operating margin,” Jim Conroy, chief executive officer, said in a press release.
Main shopping streets in UK may further lose more than 400,000 jobs after the pandemic gets over, as citizens there continue to work from home and buy online, according to.
Retail sales during 2020 s November-December holiday season in the US grew at an unexpectedly high 8.3 per cent over the same period in 2019 to $789.4 billion, exceeding the.
Pan-European retailers may need to adapt supply chains due to the Brexit trade deal, requiring extra investments and expenses, according to Fitch Ratings,which said supply.