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Myer’s profit declines amid store closures, underperformance of some brands

Inside Retail

Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million, which accounted for 21.6 million, which accounted for 21.6

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The Reject Shop’s sales remain sluggish into second half

Inside Retail

After a blockbuster first half that saw net profit soar 46.5 Taking these factors into account, the business now believes its full-year sales for FY21 will land somewhere between $776 million and $778 million, while EBIT will be between $8 million and $10 million. The remainder of the company’s store network traded up 0.9

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Super Retail Group delivers record sales, eyes expansion

Inside Retail

billion although tax-paid net profit fell 20 per cent to $244.1 Online sales grew 44 per cent to $601 million with click-and-collect accounting for 55 per cent of online sales — surging 73 per cent to $332 million. For the year to July 2, the business says sales grew 2.8 per cent to $3.55

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How scrutiny over prices could impact Coles’ and Woolworths’ loyalty programs

Inside Retail

million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. per cent increase in net profit in its half-year results in February, which grew to $929 million, with Woolies X being a major driver behind this growth. Myer One currently has about 4.2

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Is a marketplace the silver bullet for Baby Bunting?

Inside Retail

On Friday morning, baby-goods retailer Baby Bunting revealed a 51 per cent drop in net profit during FY23, though sales ticked up 1.7 The retailer also has 750,000 active loyalty customers – 10 per cent of whom account for up to half of its sales. During the same period, its cost of doing business rose to $161.7

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What is an Income Statement?

Small Biz Trends

Company management teams need to think about income tax. They Indicate Profitability. These statements provide a good picture of a company’s profitability. Take expenses and subtract revenues to get net profit for a reporting period. The amount of net income or total revenue a business makes.

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

Premier Retail’s results were praised by some analysts as the realisation of a long-term strategy and effective management through the Covid-19 challenge. million net profit from $784.6 The star performer of the Premier Retail portfolio in the period was sleepwear brand Peter Alexander, which accounted for $207.7