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Article: BRIEFING - ASIA RETAIL - OCT 2, 2009.
- Article from:
- AsiaPulse News
- Article date:
- October 2, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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An executive briefing on retail for Oct 2, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities.
BIC CAMERA SEEN SWINGING TO US$5.6 MLN PARENT-ONLY NET PROFIT
TOKYO - Japan's Bic Camera Inc. (TSE:3048) likely logged a 5-6 billion yen parent-only net profit for the year ended Aug. 31, eclipsing a prior projection calling for it to sink 500 million yen (US$5.6 million) into the red, thanks mainly to government incentives for purchasing energy-saving electronics products.
The retailer had sputtered to a 3.5 billion yen net loss a year earlier. ...