Noni B says retail still difficult to gain
11/01/2012 20:27
Women's fashion retailer Noni B says tough retail business conditions continued in the current year.
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"Last year, continue the difficult economic conditions in the current year", President Noni B Lynn Wood said the company told the annual general meeting today. "There are still updating important in our market and we have to fight for every dollar."
"While we are waiting for consumer confidence to improve, we remain focused on the efficient management of the, what we can control."
Ms. Wood said that while the volume of Noni B Summer Fashion has been received, the retailer from the profit in the first half of the criticism of the festive season. Noni B net income of $ 2.7 million for fiscal year 2011/12 Financial, a significant increase in earnings $ 231,000 last year.
The retailer attributed the result of prudent management of promotions, marketing expenses and inventories in the face of weak consumer confidence.
Said, "We continue to verify and refine operations, better control systems, stores the network, managing margins and costs, and reallocating spending customer operations," Ms. Wood today.