J. C. Penney Company, Inc. announced financial results for its fiscal second quarter ended July 29, 2017. Total net sales increased 1.5 % to $3.0 billion in the second quarter compared to $2.9 billion in the same period last year. Comparable sales declined (1.3) % for the second quarter, resulting in a positive two-year stack of 0.9 %. Marvin R. Ellison, chairman and chief executive officer said, "We are pleased to deliver a top line sales increase of 1.5 % and quarterly sequential improvement of 220 basis points in our comp sales performance in go forward stores. While broader retail remains challenged, we are encouraged by the improved performance in our total apparel business, including a significant acceleration in kids' apparel. Nearly all categories delivered improved sales results during the quarter, with our growth initiatives in beauty, home refresh and omnichannel continuing to deliver positive sales growth." Click Read More below for additional detail.
Bloomsbury announces its trading update for the four months ended 30 June 2022, ahead of the Company’s Annual General Meeting (“AGM”) at 12.00pm today.
Bloomsbury experienced strong trading for the first four months of its financial year, with year-on-year sales growth of 27%, demonstrating resilience and maintaining momentum from the prior year’s outstanding performance.
Consumer bestsellers in the period included Paul Hollywood’s Bake, the Harry Potter series by J.K. Rowling, and Sarah J. Maas’ titles. In the UK, according to Nielsen BookScan, Sarah J. Maas has sold just over one million print books to date. Sarah J. Maas is also one of the most popular authors on TikTok.
Non-Consumer division growth was driven by continued strong demand for Bloomsbury Digital Resources.
Bloomsbury had a strong performance for the first four months of the year, trading in line with market expectations*.
The first half of 2022 has seen record UK consumer book sales, reported by Nielsen**, supporting the view that increased reading is here to stay.
details at: https://www.bloomsbury-ir.co.uk/media/press_releases/2022/200722