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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 For the current fiscal year, the company plans to open at least 50 new stores. The post Accent Group’s net profit plunges 32.9 per cent to $59.5

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

Inside Retail

Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. Premier Investments posted net profit after tax of $177.2 million for the first half of FY24, while EBIT reached $209.8

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Accent Group’s sales remain weak in first 19 weeks of FY24

Inside Retail

The company is set to open several of its planned stores in November and December. “The group’s in-stock position along with sales and operational plans are well-set heading into the three most important trading months of the year.” per cent, and a net profit of $88.7 billion, up 26.3

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Myer posts strong performance in half year results

Inside Retail

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 million – an increase of 55 per cent. . Myer’s total group sales were up at 8.5 per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1

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Analysis: a perfect retail storm is brewing

Inside Retail

per cent increase in clothing, footwear and personal accessories. Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in the 2022 fiscal year supported by record online sales, which increased by 44 per cent while net profit fell by 20 per cent.

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

Inside Retail

Indeed, 2025s business plan includes piloting large-format stores in such locations. For 2025, the companys business plan is to end the year with about 200 stores. However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 per cent, a decline from 53.1

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Solid Christmas trading failed to offset slow summer start for Best & Less

Inside Retail

If optimal trading conditions persist, the company expects to deliver a second-half pro forma net profit 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.