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Endeavour Group’s net profit drops despite top-line growth

Inside Retail

Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but net profit was down as the group previously expected. However, net profit after tax slid 3.6 Group sales for the 27 weeks ended rose 2.5 per cent year on year to $6.7

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

Inside Retail

Thailands mashup of Smiggle, Daiso and Miniso now has a foothold in 158 locations in 59 of Thailands 76 provinces plus Greater Bangkok. Indeed, 2025s business plan includes piloting large-format stores in such locations. Net profit for the first nine months of the year is up 24 per cent. million Thai baht (US$23.7

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Rituals targets UK expansion after hitting record €2bn sales

Retail Gazette

The retailer currently operates 90 stores across the UK and Ireland and is set to open 37 additional locations this year, with new stores slated for Bournemouth and Windsor next month. A new location at Gatwick Airport was also recently added to its expanding retail network.

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Thai hypermarket Big C boosts profits with fresh food focus

Inside Retail

Still, it’s understandable given that Thai consumers continue to balk at spending while many of them are still heavily in debt. Sales growth is coming mostly now from store expansion rather than productivity improvement, and profit growth from cost control and efficiency improvements. Gross margin held steady at 17.5

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Inside Pop Mart’s playbook for current and future success

Inside Retail

Meanwhile, net profit soared to RMB3.4 The Apac region is showing particularly strong momentum; while it currently represents 23 per cent of global revenue at $3.2 As the sector continues to expand at breakneck speed, questions arise about its longevity. This marks an impressive 106.9 per cent year-on-year increase.

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Analysis: a perfect retail storm is brewing

Inside Retail

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.

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As Miniso conquers the world, revenue hits $3.72 billion

Inside Retail

Global revenue has grown at a compound annual rate exceeding 40 per cent, with overseas sales accounting for 39.4 The brand also set a record for store expansion last year, opening 1200 stores worldwide and reaching 3000 locations outside China. By year-end, Minisos cash position stood at $1.466 billion.