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Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep netprofit decline in the first half. The new appointment comes after the group posted a netprofit of $11.3 per cent, which included a $13.6
Step One Clothing ‘s netprofit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s netprofit soared 43.9 Its women’s line now accounts for 14 per cent of its revenue, up from 12 per cent in the prior year. per cent to $12.4
NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in netprofit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent against the prior year, accounting for 27.88 per cent growth in sales with netprofit increasing 16.4 per cent to AUD547.05
H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 billion.
This was accompanied by a gross profit margin increase from 15.1 per cent and a netprofit margin after tax of 3.4 Third quarter gross profit was particularly strong, coming in at 16.9 These stores are complemented by dozens of small kiosks and carts that sell every kind of personal accessory under the sun.
million netprofit from $784.6 The ratio of net earnings to revenue is astonishing, but reflects Covid-19 cost adjustments in the business, the reduced drag of some under-performing stores closed during lockdowns and a 61 per cent surge in online sales to $156.7 million in global sales. million total revenues.
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