Inside Retail

OCTOBER 31, 2021

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4 million for the same period a year prior.

Net Profit 130

Net Profit Department Stores Accounting Returns 130

Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

Department Stores 113

Department Stores ATS Net Profit Planning 113

Inside Retail

JUNE 10, 2024

The new three-level, 8000sqm Luxe Galerie at Central Chidlom in downtown Bangkok is a nice job and does a lot to modernise a store that was beginning to flirt with obsolescence. The department store huffed and puffed, but its status was clearly under threat. Then, in 1995, an electrical fire caused heavy damage. (It

Department Stores 130

Department Stores Fashion Net Profit Boutique 130

Inside Retail

MARCH 3, 2024

Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. million in total and during FY23 almost 75 per cent of all purchases made at Myer were linked to a Myer One account. million having purchased products at the members-only price.

Supermarket 130

Supermarket Net Profit Department Stores Checkout 130

Inside Retail

SEPTEMBER 13, 2022

Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

NOVEMBER 16, 2023

Pustina will succeed Daniel Gutstein, who is stepping down from his position at the end of December. Pustina is currently Puma’s head of sales for Central Europe and has extensive experience in sports retail after holding significant roles at Hype Sports Innovation, Under Armour, and Adidas Group. “In

Department Stores 130

Department Stores Net Profit Wholesale Fashion 130

Inside Retail

MARCH 27, 2023

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 I think it’s one of the reasons they’re going global at such a [rapid] rate.” Group sales were also up by 17.6

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. Loyalty is king. Myer One has always been key to our business.

Payment Services 246

Payment Services Net Profit Department Stores Planning 246

Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. billion in FY21, its first year-on-year increase since FY16, when sales peaked at $3.3 Myer lifted total sales 5.5

Planning 130

Planning Net Profit Department Stores Fulfillment 130

Inside Retail

SEPTEMBER 13, 2023

Omnichannel shoppers frequently spend more with a brand than single-channel shoppers, and this is also true at Myer, King said. billion, with $71 million in net profit, up 18 per cent year on year. The ability to have both is complementary.” Myer lifted its sales 12.5 per cent year on year in FY23, to $3.3

Net Profit 130

Net Profit Department Stores Wholesale Consumer 130

Inside Retail

MARCH 8, 2023

They include the refurbishment of its store network, the rollout of its national distribution centre , and the relaunch of Country Road Group in July this year. billion, while net profit after tax grew by 101.4 For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85

Department Stores 147

Department Stores Net Profit Inventory Management Management 147

Inside Retail

JUNE 7, 2023

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

Net Profit 130

Net Profit Finance Supermarket Wholesale 130

Inside Retail

FEBRUARY 16, 2022

per-cent decline in first-half net profit, estimated at $1.213 billion with revenue of $17.758 billion. . Sales momentum increased at the end of the half as lockdown and store closures reduced although, across the group, the business lost around 34,000 store trading days. Overall sales rose 3.7

Net Profit 130

Net Profit Department Stores ATS 130

Inside Retail

AUGUST 26, 2021

Wesfarmers has joined in the parade of businesses reaping the rewards of a strong year of trade, despite ongoing movement restrictions, signaling a 40 per cent jump in net profit to $2.38 Revenue at Bunnings increased 12.5 billion (up 10 per cent) over the last 12 months, according to managing director Rob Scott.

Net Profit 246

Net Profit Fulfillment Planning Management 246

Inside Retail

NOVEMBER 10, 2022

McCartney, who had the backing of Solomon Lew’s Premier Investments Fund, received 61 per cent support at Myer’s annual general meeting (AGM) on Thursday. McCartney is also a director at Premier Investments and its subsidiary The Just Group, which runs Just Jeans, Smiggle, Portman’s and Peter Alexander. per cent increase in sales.

Net Profit 245

Net Profit Planning Management Returns 245

Inside Retail

AUGUST 29, 2021

billion, as store closures during sporadic Covid-19 lockdowns throughout the year forced customers to shop online. Net profit after tax was up more than 40 per cent to $2.4 Australian retail conglomerate Wesfarmers reported its full-year results on Friday , revealing a 10 per cent increase in revenue to $33.9

Net Profit 130

Net Profit Planning Returns Customer Experience 130