Canadian swimwear retailer Groupe Bikini Village has reported a slight improvement in financial results for its fourth quarter and fiscal year ended January 28, 2006.

For the three-month period ended January 28, 2006, net sales from continuing operations, consisting of the Bikini Village and Ocean Bikini Village banners increased slightly to $9.5 million, compared with $9.3 million in the previous year. Comparable sales for the fourth quarter progressed by 2.3%.

For the year ended January 28, 2006, net sales from continuing operations were $37.6 million compared with sales of $33.0 million in the previous year, an increase of 14.1%. Comparable sales improved by 12.6%.

In addition, Leslie Glazerman, who has been acting as interim chief executive officer since August 2005, has been appointed president and chief executive officer effective March 1. Mr Glazerman joined the company in April 2005 as interim chief financial officer.

Meanwhile, Normand Legault has resigned as director of the company effective April 19.