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Comparable store sales up by 3.7 per cent
The net sales of Canadian DIY and garden centre group Rona for 2003 were $ 2.710 bn (€ 1.625 bn), an increase of 16.2 per cent compared with the previous year. The rise of 46.4 per cent in sales in the fourth quarter alone is chiefly due to the group’s acquisition of Réno-Dépôt on 28 August 2003.
Retail sales for franchised and corporate stores accounted for $ 1.756 bn (€ 1.053 bn) of total sales, an advance of 26.7 per cent. Excluding the Réno-Dépôt figures, retail sales would have been up by 5.7 per cent. Comparable store sales rose by 3.7 per cent.
Sales by Rona’s central distribution to affiliated companies, franchisees and corporate stores constitute the second aspect of Rona’s consolidated net sales. Rona reported distribution sales of $ 953.7 mio (€ 571.9 mio), net of intersegment sales. The modest increase of 0.8 per cent was attributed to the fluctuation in the price of building materials in the second quarter.
Retail sales for franchised and corporate stores accounted for $ 1.756 bn (€ 1.053 bn) of total sales, an advance of 26.7 per cent. Excluding the Réno-Dépôt figures, retail sales would have been up by 5.7 per cent. Comparable store sales rose by 3.7 per cent.
Sales by Rona’s central distribution to affiliated companies, franchisees and corporate stores constitute the second aspect of Rona’s consolidated net sales. Rona reported distribution sales of $ 953.7 mio (€ 571.9 mio), net of intersegment sales. The modest increase of 0.8 per cent was attributed to the fluctuation in the price of building materials in the second quarter.
