Remove Accounting Remove ATS Remove Net Profit
article thumbnail

Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. Sales remained flat at $1.83 Sales remained flat at $1.83 per cent to $409 million, accounting for 22.3 Comparable sales climbed 0.8

article thumbnail

Inside Pop Mart’s playbook for current and future success

Inside Retail

Meanwhile, net profit soared to RMB3.4 per cent, year on year, and accounted for 38.9 billion and accounting for 21.7 The Apac region is showing particularly strong momentum; while it currently represents 23 per cent of global revenue at $3.2 This marks an impressive 106.9 per cent year-on-year increase.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What Big C’s two-speed model says about value and convenience retail

Inside Retail

People on a budget, as many of Big C’s customers are, know they can get just about anything in one its massive hypermarkets at a value-oriented price. Meanwhile, Lotus’s has a clear competitive advantage in fresh food at its small formats with their strong assortment of fresh meat, fruit and vegetables. billion baht ($785 million).

article thumbnail

For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. The gross profit margin on sales for the three company segments improved to 14.9 per cent.

Wholesale 130
article thumbnail

Central Pattana: Southeast Asia’s most important mall operator?

Inside Retail

billion baht ($419 million), an increase of 6 per cent on last year, and net income was 3.9 However, the latter number was driven by an accounting change rather than an operational decline. Without the adjustments, core profit enjoyed a double-digit percentage increase. billion) and the net profit of 16.7

article thumbnail

Is Sa Sa’s store closure in China a tactical withdrawal or strategic surrender?

Inside Retail

per cent to close at HK$0.54 billion, while net profit plunged 64.8 Meanwhile, more than 90 per cent of sales at Chicmax – the company behind Kans, One Leaf and Baby Elephant – now come from digital channels. billion, accounting for roughly 76 per cent of the group’s revenue. Profit fell 45 per cent to HK$128.6

article thumbnail

How Breville is securing its Asia expansion amidst looming US-China trade war

Inside Retail

During the fiscal first half, before Trumps inauguration, Breville Group reported that its net profit soared to 16.1 Tariffs are top of mind for retailers globally but one Australian kitchen appliance maker, Breville, is simultaneously planning its expansion into China while preparing for looming US tariffs under a new administration.