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Online boom drives Myer sales boost

Inside Retail

Based on unaudited accounts, sales for the year will range between $2.85 Online sales accounted for 24 per cent of total sales and are expected to range between $715 million and $725 million highlighting strong growth momentum in the half. per cent higher than at the same time last year. billion and $2.995 billion.

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12 Accounting Mistakes New Business Owners Often Make

Small Biz Trends

A new business won’t survive long if it doesn’t have solid cash flow and a good accounting system in place. To that end, a panel of Young Entrepreneur Council (YEC) members answered the following question: “What’s one accounting mistake that new business owners might tend to make, and why? How can they fix it?”

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From drab to trendy, 7-Eleven strives for relevance

Inside Retail

These categories have traditionally been the province of full-line supermarkets and cafes, but 7-Eleven’s ubiquity, easy accessibility and rapid service at the registers have given it an advantage over its more cumbersome competitors. In all, non-food categories account for 25 per cent of store sales. Net profit was 6.2

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David Jones reaches profitability for the first time in years

Inside Retail

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4 million for the same period a year prior.

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Covid dulls first-half earnings for Harvey Norman

Inside Retail

Total system sales were estimated at $4.91 billion with EBIT at $754.41 Net profit after tax reached $430.91 The profits of the Australian franchising operations segment were estimated at $292.85 The company said overseas sales, which now account for 27 per cent of company turnover, have grown by 46.2

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Analysis: Decision time looms at DJs and Myer boardrooms

Inside Retail

billion but is currently valued at just $250.4 Myer’s net profit of $42.9 The post Analysis: Decision time looms at DJs and Myer boardrooms appeared first on Inside Retail. Woolworths, the multi-brand South African retailer, bought David Jones for $2.1

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Charlotte Tilbury owner Puig seeks £2.1bn Spanish IPO

Retail Gazette

Bankers have valued the 110-year-old family-owned business at between £6.9bn (€8bn) and £8.6bn (€10bn). “We believe that the balance of being a family-owned company that is also subject to market accountability will allow us to better compete in the international beauty market during the next phase of the company’s development.”