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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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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 million and net profit after tax jumping 8.6

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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 Net profit for the first nine months of the year is up 24 per cent. million baht ($3.5 million), up a shade under 30 per cent from the third quarter in 2023.

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Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

Smiggles also signed an agreement with a wholesale partner to open 60 freestanding stores in the UAE, Qatar, Kuwait, Oman, and Bahrain over the next decade. The company also saw growth in all five of its mainstream apparel brands – Just Jeans, Jay Jays, Portmans, Dotti, and Jacqui E – which collectively generated sales of $844.8

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KMD Brands profit dives through first half

Inside Retail

Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half. The business’ net profit after tax fell 124.7 The brand performed well in both online and wholesale channels with online sales growing 14.5

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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 Key growth was seen in insulation apparel and rainwear categories in Australia as like-for-like sales increased by 12.4 The business says wholesale sales in this channel grew 95 per cent since its products were expanded to 200 outlets of BCF and Rebel stores.

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5