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Myer’s netprofit 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.
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, netprofit before tax fell 12.7 per cent decrease.
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 Sales grew 12.6 per cent to $1.01 per cent to $97.4
Lovisa Holdings booked higher netprofit amid a strong trading performance and global expansion in the last fiscal year. The company’s netprofit 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
Australian-listed appliance maker Breville Group’s netprofit 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
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 netprofit for the last financial year, with a year-high share price of $19.40 to as low as $29.19
Nick Scali’s netprofit 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 netprofit plunged 30.2 per cent to $30 million, with ANZ netprofit tumbling 20.7 million. .”
The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. These developments reflect the demand for budget-friendly options in the Australian retail market, which is also home to domestic competitors such as Kmart.
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. Walmart Makes Klarna Exclusive BNPL Provider Additionally, Klarna will partner with OnePay to exclusively offer installment loans at U.S. The Sweden-based company, which has operated in the U.S. Walmart stores.
Chinas Pop Mart has wrapped up another stellar year, surpassing RMB13 billion in revenue for 2024 as the blind-box market continues to thrive. Meanwhile, netprofit soared to RMB3.4 Meanwhile, sales from markets outside mainland China, including Hong Kong, Macao and Taiwan, reached RMB5.07 per cent market share, worth $5.9
SHEIN generated $23 billion in revenue and netprofits of $800 million in 2022, people close to the company told WSJ. The company has reportedly set a target to grow revenue by 40% this year, which will be propelled, at least in part, by an expansion of its EMEA business.
per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. Sales at CBD stores, its strongest-performing, grew 30 per cent. After excluding lockdown periods in the previous year, sales at CBD stores rose 14.4 ” Netprofit rose 18.2 ” Netprofit rose 18.2
The owner of Swiss watchmakers including IWC, Jaeger-LeCoultre and Piaget said sales fell by 1 per cent at constant exchange rates to 4.81 “Jewellery maisons, responsible for the bulk of group profits – produced a resilient performance,” said Bernstein analyst Luca Solca, although watches performed much worse than expected.
The market for Moshi Moshis products and price points in neighbouring countries would seem to be substantial and the company has not been at all reluctant to open shops at a rapid pace. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1
per cent stake in the company, which was valued at about $160 million. However, netprofit fell from $88.7 Frasers Group is listed on the London Stock Exchange with a market value of £3.9 Blundy, a director of Accent, has sold all of his 14.7 He first bought 14.4 Last week, Accent reported sales of $1.61 million to $59.5
CEO Mark Coulter said the company bucked the slowdown caused by cost-of-living pressures, with revenue soaring in an overall market that was down 4 per cent. Despite the surge in sales, netprofit fell from $8.3 million, at the top of the company’s guidance. million, representing a 31 per cent increase.
International markets continued their strong performance, with revenue rising 41.9 Global revenue has grown at a compound annual rate exceeding 40 per cent, with overseas sales accounting for 39.4 The companys adjusted diluted earnings per share (EPS) grew 16 per cent year over year, while adjusted netprofit rose 15.4
Sales in these markets rose by 39% to 172m (148.6m) in 2024. A new location at Gatwick Airport was also recently added to its expanding retail network. Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its netprofits to charitable causes.
Alceon acquired Noni B in 2014 at what it no doubt thought was a bargain price of 51 cents a share, valuing the retailer at $16.4 million and net earnings to a modest $3.3 million and netprofits to $17.3 million, but Noni B’s best days were behind it. million in 2006 to a $7.8 million loss in 2014.
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion) and the netprofit of 16.7 Centrals malls all have a rewards program whereby shoppers get redeemable points rewards for purchases at some, but not all, of the stores. (It billion Thai baht ($1.6
Domino’s Pizza Enterprises said its first-half netprofit fell 21.5 The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 The post Domino’s Pizza profit slumps as inflation hits consumer spending appeared first on Inside Retail.
Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that netprofit broke the one-billion-dollar mark, rising 2.8
For this year, Baby Bunting forecasts pro-forma netprofit of $9.5 The post Baby Bunting’s profit plunges amid challenging market conditions appeared first on Inside Retail Australia. million to $12.5 million, with comparable sales store growth of nil to 3 per cent.
Kohl’s has launched Discover @ Kohl’s, an in-store experience that curates new, seasonally relevant brands throughout 600 locations and online at Kohls.com. We couldn’t be more excited to introduce customers to Discover @ Kohl’s this back-to-school season,” said Ron Murray, Interim Chief Merchandising Officer at Kohl’s in a statement.
The Australian online furniture retailer is proof that you need to spend money to make money, and its investments in artificial intelligence (AI) development and new marketing channels are primed to keep the business on track. Accumulating no debt and finishing FY24 with $116 million cash on hand, the decline in netprofit from $8.3
Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with netprofit plummeting 86.8 However, with its inventory now approaching an appropriate level for the business and the market, Kogan expects an improved operations moving forward. per cent to $3.5 million (compared to $26.8
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. Shoe-brand Oboz also saw sales and earnings growth, with its forward order book at its “highest level ever”, giving the group the green light to further invest in its growth.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. Shoe-brand Oboz also saw sales and earnings growth, with its forward order book at its “highest level ever”, giving the group the green light to further invest in its growth.
Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales. per cent of sales.
Simon Rooney, CBRE’s head of retail capital markets, said the acquisition signifies the re-entry of REITs into Australia’s regional shopping investment market. Vicinity’s netprofit grows 101.5 per cent Meanwhile, Vicinity Centres reported netprofit of $547.1
per cent growth, while netprofit fell 3.7 The JB advantage JB Hi-Fi Group’s chief executive Terry Smart told analysts and investors that the business has a number of competitive advantages in the market, such as a younger customer base and semi-discretionary items, including phones and laptops, still performing well.
Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with netprofit doubling during the year to $306.8 At Supercheap Auto sales increased to $1.31 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45
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 netprofit 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.
Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. Take a look at the netprofits of most traditional retailers. Think that’s a reach?
The toy seller, which at its peak had more than 1,500 stores around the world, was part of the fabric of American childhood for more than half a century. We are thrilled to be taking the reins of the world’s leading toy brand at a time when the category is up 16% and consumer demand for toys is at an all-time high.
Baby Bunting booked significantly lower netprofit in the fiscal first half as sales declined amid macroeconomic challenges and price competition. The baby products retailer’s netprofit plunged 31.3 million while gross profit margin stood at 37.2 million while gross profit margin stood at 37.2
Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 According to Statista Market Insights, the DIY and Hardware market was worth US$14.21
After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with netprofit up 55 per cent and its first dividend payment since FY17. We know the program is a highly valuable differentiator in the market.”. Loyalty is king.
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.
These categories have traditionally been the province of full-line supermarkets and cafes, but 7-Eleven’s ubiquity, easy accessibility and rapid service at the registers have given it an advantage over its more cumbersome competitors. Netprofit was 6.2 The convenience store business raked in 105.9 billion baht (US $3.0
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 netprofit after tax rise by 6.5 But my general view is they’ve done a great job and are maxing out the domestic market physically.
Online furniture and homewares retailer Temple & Webster has partially recovered from the significant losses that occurred during the first half of the 2023 financial year, and is focusing on its private labels, AI technology and value proposition to drive growth and market share over the next three to five years.
Domino’s netprofit also declined by about 74 per cent, with CEO and managing director Don Meij telling investors that the business would work to “rebalance the value equation.” Clearly we are disappointed with the profitability of our stores. [We] Consumers can sometimes see this fee as an extra tax or a profit margin.
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