UK Supermarket Chain Morrisons Posts Best Christmas Sales in Seven Years

UK Supermarket Chain Morrisons Posts Best Christmas Sales in Seven Years

UK supermarket chain Morrisons lifted its profit forecast for the 2016-17 financial year after its best Christmas period trading in seven years. Same-store sales, excluding fuel, rose 2.9% during the the nine weeks to Jan. 1, the grocer said on Tuesday on its website. Including fuel, comparable sales rose 4.7%. The company said it achieved the better performance after raising service standards on the shop floor and at the checkout […]

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Destination XL Sees Lower Holiday Sales, Comp Sales Decrease

Destination XL Sees Lower Holiday Sales, Comp Sales Decrease

Destination XL Group, a specialty retailer, said pre-market Monday that total sales for the nine-week holiday sales period ending Dec. 31 decreased to $97.9 million from $98.2 million for the same period last year. Comparable sales for the same period were down 1.4%. Destination XL updated guidance to the low end of its previously-announced sales, EBITDA and earnings range for the year. In November the company projected total sales of […]

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Gap Sees Full Year Earnings Modestly Above High End of Guidance

Gap Sees Full Year Earnings Modestly Above High End of Guidance

Gap reported that net sales were up 1% and comparable sales were positive 2% for the November and December 2016 holiday season, compared with last year. The company now expects its full year adjusted earnings to be modestly above the high end of its previous guidance of $1.92 per share. Analysts polled by Capital IQ are expecting $1.93 per share.

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Grupo Aeroportuario del Sureste Sees Increase In December Passenger Traffic

Grupo Aeroportuario del Sureste Sees Increase In December Passenger Traffic

Grupo Aeroportuario del Sureste, a Mexican airport operator, said total passenger traffic for December increased by 13.9% compared to December 2015. The company saw nearly 2.7 million travelers, up from nearly 2.4 million in the same period a year ago. The company is the operator of Cancun Airport and eight other airports in southeast Mexico, as well as a 50% partner in Aerostar Airport Holdings, the operator of the Luis […]

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Asure Software Closes Three Strategic Acquisitions

Asure Software Closes Three Strategic Acquisitions

Asure Software, a provider of Human Capital Management (HCM) and Digital Workplace software, has closed three strategic acquisitions and guided for upbeat revenue guidance for 2017. On Jan. 1, Asure Software closed three strategic acquisitions: Personnel Management Systems, a provider of outsourced HR solutions, Corporate Payroll, a provider of payroll services in Ohio, and Payroll Specialties NW, a provider of payroll services in Oregon. For the full year of 2017, […]

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