For the Fourth Quarter - Net sales increased 24.6% to $1,580.6 million from $1,268.3 million in the fourth quarter of fiscal 2015; Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 16.6% compared to an increase of 12.5% in the fourth quarter of fiscal 2015. The 16.6% comparable sales increase was driven by 10.9% growth in transactions and 5.7% growth in average ticket; Retail comparable sales increased 12.8%, including salon comparable sales growth of 8.8%; Salon sales increased 15.2% to $62.9 million from $54.6 million in the fourth quarter of fiscal 2015; E-commerce sales grew 63.4% to $154.9 million from $94.8 million in the fourth quarter of fiscal 2015, representing 380 basis points of the total company comparable sales increase of 16.6%; click Read More below for additional detail
Tembec and Unifor Local 233 have signed a Memorandum of Agreement and a Return to Work Protocol towards the settlement of the Collective Agreement at its Temiscaming Site, Quebec.
On Wednesday, December 10, 2014, the 650 unionized employees will vote on the four-year agreement that the Union negotiation committee intends to recommend unanimously. The Company will not comment on the Agreement until the Union membership has had the opportunity to vote.
The Temiscaming, Quebec industrial complex, which employs 850 people, comprises four main facilities manufacturing specialty pulp, high-yield pulp, multi-ply coated bleached board, phenolic resins and lignosulfonates.