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Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit 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.”
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
Lovisa Holdings booked higher netprofit amid a strong trading performance and global expansion in the last fiscal year. The company’s netprofit 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
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 netprofit for the quarter of 108.1
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.
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 netprofit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
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 netprofit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.
Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.
per cent stake in the company, which was valued at about $160 million. However, netprofit fell from $88.7 Billionaire businessman Brett Blundy has agreed to sell his stake in Accent Group to UK-based Frasers Group, the Australian Financial Review has reported. Blundy, a director of Accent, has sold all of his 14.7 billion ($7.6
Alceon acquired Noni B in 2014 at what it no doubt thought was a bargain price of 51 cents a share, valuing the retailer at $16.4 million and net earnings to a modest $3.3 million and netprofits to $17.3 million, but Noni B’s best days were behind it. million in 2006 to a $7.8 million loss in 2014.
Department store Myer has recorded a strong performance in its half-year results, with netprofit after tax hitting $32.3 Myer’s total group sales were up at 8.5 million – an increase of 55 per cent. . per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1
BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.
. “Peter Alexander, Smiggle and our apparel brands have all delivered record sales, through the commitment of our global teams and culture of excellence,” said John Bryce, interim CEO at Premier Retail. Meanwhile, Premier Investments’ statutory netprofit after tax fell 4.9 Gross profit grew 5.4
The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw netprofit after tax rise by 6.5 Smiggle was a particularly strong performer, with sales for the stationary and accessory brand up by 30 per cent growth.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. Shoe-brand Oboz also saw sales and earnings growth, with its forward order book at its “highest level ever”, giving the group the green light to further invest in its growth. per cent. “Rip
Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a netprofit figure of $2.7 The post Mosaic Brands looks at raising capital following return to profitability appeared first on Inside Retail. million – 101 per cent up on last year – despite revenue falling 3.8
Williams’ global flagship store on Sydney’s George Street, which opened at the end of last year, revealing an industry-leading virtual showroom and customer service hub that is redefining the customer journey. At the heart of it all are the R.M. This focus can be seen in R.M. In 2023 alone, R.M. Power to its people R.M.
Premier investments’ online channels have contributed significantly to group’s half-year profit despite volatile trading conditions in its first-half results. million in the half, while online sales were recorded at $195.4 Netprofit after tax was registered at $163.6 Group sales increased 0.6
Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid disruptions. million, with netprofitat $11.91 Group sales fell 6.5 per cent to $170.63 million compared with the previous corresponding period. per cent of total group sales.
If optimal trading conditions persist, the company expects to deliver a second-half pro forma netprofit after tax of between $18 million and $20 million. It plans to open six new stores, including one at Macquarie Centre in Sydney. Audited results will be announced on February 21.
million and netprofit after tax of $16.9 Gross margin percentage improved as the average selling price increased at the same time as the cost of goods sold reduced. . Best & Less Group has reported ‘robust’ trading performance during the past half-year despite losing 21.3
In the 26-week period ending 29 January, Premier lost 42,675 trading days to government-enforced lockdown measures aimed at controlling the spread of the Delta and Omicron variants of Covid-19, resulting in a 16 per cent drop in netprofit to $163.6 We’re not looking at motorcar accessories, for example.
per cent, while turnover at physical stores was down by 12.5 For the second half of this year, the group expects total revenue to be in the range of $310 million and $315 million while pro forma netprofit after tax is expected to be between $3.6 Discount apparel retailer Best & Less Group (BLG) says its sales fell 11.7
Fashion house Hallenstein Glassons has delivered a year of growth in a difficult market, with group sales almost 22 per cent up to $333 million and netprofit hitting $31.7 million at the latter. Overall, however, sales at the group have fallen 18.9 million – 20 per cent higher than FY20. per cent to $92.7
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 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.
per cent to $242 million, leading netprofit to hit $76.9 Chief executive Daniel Agostinelli said, given the fact the industry has been hit by 14 separate lockdowns throughout the year, it was a result the team at Accent should be proud of. Earnings before interest, taxes, depreciation and amortisation jumped 19.3
It isn’t clear who has the other 62 per cent, but regardless, Moshi Moshi’s current expansion is aimed at filling what the company sees as numerous gaps in the national market that are not currently covered by the existing 117-strong store fleet. Some stores also sell pet accessories. per cent, as was the netprofit margin of 14.5
“The opening of ‘Thrifty Acres’ in June 1962, was history in the making, although I’m not sure our dad and grandfather realized it at the time,” Meijer Executive Chairman Hank Meijer said. . — Meijer Inc. In 1955, one of the small company’s supermarkets added a department to sell general merchandise.
It is holding back growth at a time when sales should be rebounding strongly from the low bar set in 2020-21. 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
The former, a fast fashion giant based in Sweden, saw a slump in fourth quarter earnings, with its operating profits falling by 87 per cent year on year, and its netprofit declining by about 68 per cent. H&M and LVMH target very different sectors of the fashion industry.
billion global air purifier market slated to grow at 8% through 2030. Baby Feeding Bottle Accessories. This means an SBA-backed lender has looked at it and they will consider providing a business acquisition loan to a qualified Buyer. The average NETprofit margin is 15% and the gross profit margin is a solid 64%.
Australian menswear retailer Yd is revamping its bricks-and-mortar experience with a radical new store design aimed at driving the next stage of the brand’s evolution. Launched in 1995, Yd has opened two new stores designed by the team at Landini Associates that offer a more spacious, modern shopping experience for customers. “We
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