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April 18, 2015 12:48 PM ET

Multiline Retail

Company Overview of Grupo Sanborns, S.A.B. de C.V.

Company Overview

Grupo Sanborns, S.A.B. de C.V. is engaged in the operation of retail stores and restaurants. It operates specialized department stores, fashion boutiques, electronics and entertainment stores, convenience stores, and luxury stores, as well as a chain of industrial cafeterias. The company also distributes and sells Apple brand products and accessories; recorded music and videos; and cosmetics and perfumes. In addition, it is involved in managing and leasing of two shopping malls. The company sells its products under the Sears, Sanborns, Ishop-Mixup, Edumac, Dax, Sanborns Café, and Saks Fifth Avenue. It operates approximately 423 units in Mexico. The company was incorporated in 1928 and is hea...

Presa Falcón Building

Lago Zurich No. 245

Seventh Floor, Plaza Carso

Ampliación Granada

Mexico City, DF 11529

Mexico

Founded in 1928

Key Executives for Grupo Sanborns, S.A.B. de C.V.

Grupo Sanborns, S.A.B. de C.V. does not have any Key Executives recorded.

Grupo Sanborns, S.A.B. de C.V. Key Developments

Grupo Sanborns, S.A.B. de C.V. Presents at 3rd Itau BBA LatAm Consumer Event, Mar-23-2015

Grupo Sanborns, S.A.B. de C.V. Presents at 3rd Itau BBA LatAm Consumer Event, Mar-23-2015 . Venue: London, United Kingdom.

Grupo Sanborns Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014

Grupo Sanborns announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported sales of MXN 13,665.1 million against MXN 13,090.8 million a year ago. Operating income was MXN 1,889.6 million against MXN 2,041.6 million a year ago. EBITDA was MXN 1,881.9 million against MXN 2,014.2 million a year ago. Controlling net income was MXN 1,271.6 million against MXN 1,205.7 million a year ago. Operating income in the fourth quarter fell 7.4% due to the following reasons: a gross margin which went from 38.1% to 37.4%; the margin in pesos had an increase of 2.6%, the effect on results of a higher provision for non-performing loans and additional expenses and depreciation resulting from the expansion plan and the renovation of stores. For the year, the company reported sales of MXN 41,202.5 million against MXN 40,514.4 million a year ago. Operating income was MXN 4,428.5 million against MXN 5,006.2 million a year ago. EBITDA was MXN 5,027.5 million against MXN 5,500.2 million a year ago. Controlling net income was MXN 2,922.0 million against MXN 3,232.5 million a year ago.

Grupo Sanborns, S.A.B. de C.V., Q4 2014 Earnings Call, Feb 27, 2015

Grupo Sanborns, S.A.B. de C.V., Q4 2014 Earnings Call, Feb 27, 2015

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