Monday, March 5, 2012

Villages sales up 15% in Canada [Annual results]

Sales for Ten Thousand Villages in Canada were a healthy $6.78 million last year. This represents a 15 per cent increase from the previous year. The year end left a surplus of $10,000, compared to a loss of $340,000 the year before.

Retail sales totalled $5.85 million, while festival sales brought in $930,000. Festival sales are short-term events held in communities with no Ten Thousand Villages stores.

In part, sales increases can be attributed to new store openings, said Villages accountant Len Rempel. Four new stores opened in Canada near the end of last year and one store, in Regina, opened this year.

But …

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