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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 netprofit decline in the first half. The new appointment comes after the group posted a netprofit of $11.3 per cent, which included a $13.6
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 million and netprofit after tax jumping 8.6
However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1 Netprofit 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.
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
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’ netprofit after tax fell 124.7 The brand performed well in both online and wholesale channels with online sales growing 14.5
billion although tax-paid netprofit 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.
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. Netprofit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5
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