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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

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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.

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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
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As Miniso conquers the world, revenue hits $3.72 billion

Inside Retail

Global revenue has grown at a compound annual rate exceeding 40 per cent, with overseas sales accounting for 39.4 The companys adjusted diluted earnings per share (EPS) grew 16 per cent year over year, while adjusted net profit rose 15.4 By year-end, Minisos cash position stood at $1.466 billion. per cent yearly.

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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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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

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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?”