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Step One’s net profit surges 43.9 per cent

Inside Retail

Step One Clothing ‘s net profit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s net profit soared 43.9 The post Step One’s net profit surges 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5

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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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H&M’s sales drop after cold weather affected key markets

Inside Retail

H&M Group has booked lower sales in the fiscal third quarter amid cold weather in many key European markets. billion) and net profit dropped 30 per cent to SEK2.31 The post H&M’s sales drop after cold weather affected key markets appeared first on Inside Retail Australia. billion (US$5.82

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Brett Blundy agrees to sell Accent stake to UK retail group Frasers

Inside Retail

However, net profit fell from $88.7 Frasers Group is listed on the London Stock Exchange with a market value of £3.9 Last week, Accent reported sales of $1.61 billion for the 2024 financial year, which was up from $1.57 billion the year prior. million to $59.5 The company’s shares were down 4.25 per cent gain. billion ($7.6

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

The incoming CEO expressed optimism about the company, noting the growing fashion market and demand for affordability. Profit lifts on lower sales During the fiscal first half, Mosaic Brands’ net profit surged 121 per cent to $5.4 “Low price is also not the antithesis of style. per cent to $234.1

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Solomon Lew plans to spin off Peter Alexander and Smiggle next year

Inside Retail

Premier Investments posted net profit after tax of $177.2 Management cited a challenging discretionary retail environment, with customers exposed to increased cost of living pressures in all global markets. million for the first half of FY24, while EBIT reached $209.8 million, exceeding previous guidance.

Planning 264