Messi Stores Lowered Revenue Forecast For 2014

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Net Xiaobian to introduce to you is Messi department stores to reduce annual revenue expectations.

Recently, WAL-MART and Messi department stores have lowered their annual revenue forecasts.

From the quarterly earnings of the department stores, there are few American retailers with good performance. Therefore, the US retailing industry has not yet been out of the predicament of weak consumption.

According to the two quarter earnings report, the sales of Peng Ni department store in the United States increased by 6%, but this is the recovery on the basis of its two years' decline. Nord's sales increased 2.7% in the two quarter, but was lower than the analyst's forecast of 3.1%, and its full price store sales fell 1.2%, while WAL-MART's sales in the same quarter were flat in the two quarter.

WAL-MART's chief financial officer, Charles Holley, said the retail environment had not improved in the last few quarters, and American consumers are still worried about the cost of living and employment.

Although the US labor department has announced 200 thousand jobs for 6 consecutive months, Robert Brusca, the economist, said most of them were low income jobs and had little effect on boosting consumption.

Messi's department store, which has been strong last year, has been losing its profits for two consecutive quarters this year.

To this end, Messi stores lowered its annual growth in the same store sales, down from the previous 2.5%~3.0% to 1.5%~2.0%.

Although the group said that the cold weather in the first quarter was the main reason for the sluggish sales, the volume of traffic in the two quarter has recovered. However, in the two quarter, Messi's revenue increased by only 3.3%, from 6 billion 66 million US dollars in the same period last year to 6 billion 267 million US dollars, lower than the average 6 billion 300 million US dollars expected by analysts.

In the two quarter, group net profit was $292 million, an increase of 3.9% from 281 million US dollars in the same period last year, and operating profit increased by 6.9% from 534 million US dollars to 571 million US dollars in the same period last year.

In the two quarter, Messi department store sales increased by 3.4%. In the first half of the fiscal year, its sales growth in the same store was only 0.8%.

It is reported that at present

It operates 840 stores, including Macy 's and Bloomingdale' s two brands, and operates two e-commerce websites, macys.com and bloomingdales.com, while operating Al Tayer Group LLC in Dubai to operate Bloomingdale 's department store.

The company's chief executive, Terry J. Lundgren, said he was confident in the second half of 2014, but he also said it was still difficult for consumers to consume in an uncertain economic environment.

Therefore, in order to resist the retail winter, some high-end products

Merchants have to boost sales through deep discounts.