Experiencing strong women’s apparel sales J. Front Retailing reported a 50% to 4.7 billion yen increase in their net profit for the first nine months of the year ending in November. Even as net profit grew, sales dropped 3% to 687.7 billion yen with pretax profits rising 1% to 10.2 billion yen.
J. Front Retailing was able to accomplish this by cutting costs in sales & administration, general management and human resources (staff).
It goes to show how inefficient business really was for J. Front Retailing if they were able to realize positive profits while sales declined.
Data J. Front Retailing