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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. Sales remained flat at $1.83 Sales remained flat at $1.83 Comparable sales climbed 0.8 Meanwhile, online sales rose 4.8 per cent of total sales.

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Smiggle loses its giggle, dragging down Premier’s profit

Inside Retail

Premier Investments has posted a decline in sales for the fiscal first half, with the results dragged down by a double-digit drop at Smiggle. At Peter Alexander, sales rose 6.6 Meanwhile, sales at the stationery and gift chain Smiggle dived 14.5 On the bottom line, net profit before tax fell 12.7 per cent decrease.

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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 Sales grew 12.6 per cent to $1.01 per cent to $97.4

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Lovisa’s net profit rises amid global expansion

Inside Retail

Lovisa Holdings booked higher net profit amid a strong trading performance and global expansion in the last fiscal year. The company’s net profit grew 20.9 The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., per cent to $82.4

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Breville’s net profit up; the Americas, EMEA lead growth

Inside Retail

Australian-listed appliance maker Breville Group’s net profit rose 7.5 “We enter FY25 with some momentum on the top line, our new product development (NPD) pipeline continuing to release, new markets outperforming, and our solutions offerings developing,” said Jim Clayton, Breville Group CEO. per cent to $118.5

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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Two of the nations major employers, with a combined workforce of 320,000 staff and about a 66 per cent share of the grocery market, Woolworths and Coles endured a 2024 they would no doubt rather forget. billion net profit for the last financial year, with a year-high share price of $19.40 to as low as $29.19

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Nick Scali’s net profit plunges in fiscal first half

Inside Retail

Nick Scali’s net profit dipped in the fiscal first half ended December 31 amid a sharp decline in Australia and New Zealand performance and softer-than-expected loss in the UK. The furniture retailer’s net profit plunged 30.2 per cent to $30 million, with ANZ net profit tumbling 20.7 million. .”