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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. 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

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

Inside Retail

Its strategic plan calls for the addition of 80,000 square metres of leasable space in 2025 and 240,000 square metres by 2029. per cent, and net profit was 1.3 Big C has delivered net profit of 4.0 Going forward though, CP Axtra sees a big opportunity in this segment to increase the amount of mall space.

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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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Baby Bunting records higher profits, plans expansion into New Zealand

Inside Retail

Net profit after tax was $8.1 per cent and accounted for 59 per cent of online sales in areas where the company has a physical store. In a results presentation, Baby Bunting’s CEO and MD, Matt Spencer indicated the company has plans to enter the New Zealand market with 10 stores. million, up by 12.2 per cent to $56.8

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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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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

In all, non-food categories account for 25 per cent of store sales. The annual average expansion clip is over 700 stores and it plans for the same pace of openings this year in Thailand, along with nearly 50 units in neighbouring Laos and Cambodia, countries for which CP-All also has the exclusive 7-Eleven license. Net profit was 6.2