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Accent Group’s net profit plunges 32.9 per cent

Inside Retail

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit dip 32.9 “We advise today that The Trybe business has been sold and that the company will not continue with the Cat distribution agreement beyond its expiry at the end of December 2024.”

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Smiggle loses its giggle, dragging down Premier’s profit

Inside Retail

Premier Investments has posted a decline in sales for the fiscal first half, with the results dragged down by a double-digit drop at Smiggle. At Peter Alexander, sales rose 6.6 At Peter Alexander, sales rose 6.6 Meanwhile, sales at the stationery and gift chain Smiggle dived 14.5 per cent decrease. per cent to $157.3

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Lovisa’s net profit rises amid global expansion

Inside Retail

Lovisa Holdings booked higher net profit amid a strong trading performance and global expansion in the last fiscal year. The company’s net profit grew 20.9 The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., per cent to $82.4

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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

The market for Moshi Moshis products and price points in neighbouring countries would seem to be substantial and the company has not been at all reluctant to open shops at a rapid pace. However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1

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Jewellery sparkles for Cartier parent Richemont, despite China sales dip

Inside Retail

The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 “Jewellery maisons, responsible for the bulk of group profits – produced a resilient performance,” said Bernstein analyst Luca Solca, although watches performed much worse than expected.

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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Three brands blamed for Myer’s projected profit decline

Inside Retail

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.