The Body Shop Q1
This article was originally published in The Rose Sheet
Executive Summary
Retail sales grew 5% in the Americas in the first quarter, firm announces during June 17 annual general meeting. However, comp store sales in the region declined 1%, reflecting flat U.S. performance combined with 3% drop in Canadian sales, according to The Body Shop. Net retail sales were up 8% and comp store sales increased 5% during Q1, company says, adding group turnover rose 23%. British retailer also provides update on the rollout of its new store format, noting 18 doors now feature the modernized design, which was unveiled this spring. Company intends to launch the format in 250 of its 2,062 stores by year-end (1"The Rose Sheet" May 9, 2005, p.5)...