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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

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

Inside Retail

CP Axtra, the awkwardly-named parent company of Thailands familiar Makro and Lotuss stores and the countrys largest wholesale-retail conglomerate, reported a strong set of results for the fourth quarter of 2024 and for the whole year. Wholesale sales under Makros four different banners grew by 4.7 per cent, and net profit was 1.3

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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

The exclusive licensee for 7-Eleven stores in Thailand is CP-All, a subsidiary of Charoen Pokphand Group that also owns the Makro wholesale and Lotus’s retail businesses. In all, non-food categories account for 25 per cent of store sales. Net profit was 6.2 The convenience store business raked in 105.9 billion baht ($176.6

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Central Retail: Expansions and omnichannel drive growth

Inside Retail

This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! Omnichannel grew by another 10 per cent, year over year in the fourth quarter and now accounts for 20 per cent of company sales. billion baht, and net profit by 1.3

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How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

But within a few weeks, the local non-Asian population was accounting for four out of every five sales. But we tested the market with a local wholesaler and via e-commerce and we realised it had a lot of potential.”. million, and net profit attributable to shareholders grew 70 per cent, to $US157.2 Its revenue rose 49.3

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