Remove Accounting Remove Marketing 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. per cent to $409 million, accounting for 22.3 Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8

article thumbnail

Step One’s net profit surges 43.9 per cent

Inside Retail

Step One Clothing ‘s net profit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s net profit soared 43.9 Its women’s line now accounts for 14 per cent of its revenue, up from 12 per cent in the prior year. per cent to $12.4

Insiders

Sign Up for our Newsletter

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

article thumbnail

Universal Store Holdings names George Do divisional CEO, net profit dips

Inside Retail

Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep net profit decline in the first half. The new appointment comes after the group posted a net profit of $11.3 per cent, which included a $13.6

article thumbnail

Inside Pop Mart’s playbook for current and future success

Inside Retail

Chinas Pop Mart has wrapped up another stellar year, surpassing RMB13 billion in revenue for 2024 as the blind-box market continues to thrive. Meanwhile, net profit soared to RMB3.4 Meanwhile, sales from markets outside mainland China, including Hong Kong, Macao and Taiwan, reached RMB5.07 billion and accounting for 21.7

article thumbnail

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

article thumbnail

JB Hi-Fi posts lower sales, citing challenging trading environment

Inside Retail

The company’s net profit after tax was $264.3 million and accounted for 15 per cent of total sales. million and accounted for 15 per cent of total sales. The key growth categories in the market were mobile phones, games hardware, small appliances, whitegoods and services. billion year on year. per cent to $3.62

article thumbnail

As Miniso conquers the world, revenue hits $3.72 billion

Inside Retail

International markets continued their strong performance, with revenue rising 41.9 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