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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.
Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit dip 32.9 “We advise today that The Trybe business has been sold and that the company will not continue with the Cat distribution agreement beyond its expiry at the end of December 2024.”
Domino’s Pizza Enterprises saw netprofit decline despite higher sales during the past fiscal year. The company’s netprofit fell 1.9 Same-store sales growth stood at 1.5 This will be offset by planned store closures to improve profitability in France and Japan. per cent to $120.4
Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s netprofit grew 1.8 Other segments’ revenue stood at $837 million. per cent to $1.12 billion as group sales rose 5.1 per cent to $43.57 per cent to $39.04
Super Retail Group’s netprofit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory netprofit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11
Australian-listed appliance maker Breville Group’s netprofit rose 7.5 “We will continue to plan inventory for accelerated growth while at the same time managing costs to protect against downside risks.” per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53
However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. The Sweden-based company, which has operated in the U.S.
SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,
Myer has said the media speculation is “nonsense” and that it has no immediate plans to issue shares, but Lew, by way of Premier Investments’ legal council Jeremy Leibler, said Premier will take “all steps within its power to prevent any attempt to dilute and disempower” its holding in the business. million, up 5.5 per cent to $539 million.
However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. Even after significant investments in these areas, Temple & Webster has a positive profit and revenue growth trajectory. Becoming a billion-dollar business is no easy feat , just ask Kylie Jenner or Rhianna.
At opposite ends of the political spectrum, the National Party and the Greens both argued that divestment provisions should be incorporated into federal competition laws to ensure fair trading with suppliers and consumers. billion netprofit for the last financial year, with a year-high share price of $19.40 to as low as $29.19
Indeed, 2025s business plan includes piloting large-format stores in such locations. For 2025, the companys business plan is to end the year with about 200 stores. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1 million Thai baht (US$23.7
Coles and Woolworths appear to be trading consumer choice for consumer savings at a time when families are continuing to struggle under inflationary pressures. But at the same time making sure that weve got a real laser focus on execution and cost control in our business. To be clear, there is no set target on this at all.
Rituals is set to double down on its growth plans after topping 2bn (1.77bn) in sales for the first time in its 25-year history. As part of its expansion strategy, Rituals plans to open 240 new stores globally in 2025, including significant growth in the UK and Ireland. from 1.7bn (1.4bn) in 2023.
Note that although Makro is billed as a wholesaler, its customer base includes an enthusiastic consumer segment that prefers the Makro bulk-buy experience and uses it as an alternative go-to for products it cannot get at a regular supermarket. The gross profit margin on sales for the three company segments improved to 14.9 per cent.
Meanwhile, its netprofit fell by over 30 per cent to $8.3 Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. We’re not planning to do any mass cost reduction. million in the year prior.
Department store Myer has recorded a strong performance in its half-year results, with netprofit after tax hitting $32.3 Myer’s total group sales were up at 8.5 million – an increase of 55 per cent. . per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1
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.
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.
Those that didnt were usually being temporarily disrupted while upgrades were carried out under the companys asset enhancement plan. 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 billion) and the netprofit of 16.7
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.
Group sales for the half were recorded at $379.95 million) while underlying EBITDA was estimated at $9.52 The business’ netprofit after tax fell 124.7 Outdoor apparel retailer KMD Brands, formerly known as Kathmandu Holdings, has registered that its Australasian store network suffered significantly in the first half.
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.
billion and netprofit for the year hitting $506 million – a 67.4 The Good Guys also saw sales growth at 13.7 Firstly, the business will launch a ‘group diversity and inclusion action plan’ with a focus on increasing the number of women in leadership positions across JB Hi-Fi and The Good Guys. Net-zero goal by 2030.
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.
To reach his $1 billion online sales target, King plans to continue to improve Myer’s website and user experience, expand the range of products it offers online, speed up the delivery of online orders and better leverage the Myer One loyalty program. billion in FY21, its first year-on-year increase since FY16, when sales peaked at $3.3
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. Loyalty is king. Myer One has always been key to our business.
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. “I’m Not on our ‘to do’ list.
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
Group netprofit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 Inside Dan Murphy’s The Cellar store at Lane Cove. The post “Building for the future”: Inside Endeavour Group’s plan for digital appeared first on Inside Retail. cents per share.
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.
Harvey Norman’s netprofit fell amid lower revenue in the fiscal first half as large format retail property yields softened and franchise fees declined. The furniture and electronics retailer’s attributable netprofit plunged 45.3 Property segment revenue stood at $160.62 per cent to $200.01
billion but is currently valued at just $250.4 The $56 million operating profit for the first half of the current financial year followed a 15 per cent reduction in costs, which included the rent reductions and floorspace sacrifice, as well as government support. Myer’s netprofit of $42.9
If optimal trading conditions persist, the company expects to deliver a second-half pro forma netprofit after tax of between $18 million and $20 million. It plans to open six new stores, including one at Macquarie Centre in Sydney. Audited results will be announced on February 21.
Electronics and furniture retailer Harvey Norman Holdings says Covid has impacted its profits in the first half. Total system sales were estimated at $4.91 billion with EBIT at $754.41 Netprofit after tax reached $430.91 The profits of the Australian franchising operations segment were estimated at $292.85
million (with same-store sales up by 5 per cent) while statutory netprofit attributable to shareholders rose 14.6 “We continued to grow our market share at the same time as we delivered very strong gross profit growth. The baby goods retailer says sales grew 8.3 per cent to $507.3 per cent to $19.5 million. “Our
The Spanish beauty group , which owns 14 brands and several fragrance licences, is planning to list on the Barcelona, Madrid, Bilbao and Valencia stock exchanges, according to a regulatory filing on Monday. Bankers have valued the 110-year-old family-owned business at between £6.9bn (€8bn) and £8.6bn (€10bn).
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.
per cent to $242 million, leading netprofit to hit $76.9 Chief executive Daniel Agostinelli said, given the fact the industry has been hit by 14 separate lockdowns throughout the year, it was a result the team at Accent should be proud of. per cent), the business continues to plan for growth. million, up 38.6
Netprofit after tax was up more than 40 per cent to $2.4 Indeed, Wesfarmers plans to accelerate its online progress in the next 12 months with the development of a $100 million data and digital ecosystem that will help its retail businesses deliver more seamless and personal experiences. Bunnings reported a 12.5 per cent to $2.18
Williams’ global flagship store on Sydney’s George Street, which opened at the end of last year, revealing an industry-leading virtual showroom and customer service hub that is redefining the customer journey. At the heart of it all are the R.M. This focus can be seen in R.M. In 2023 alone, R.M. Power to its people R.M.
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! billion baht, and netprofit by 1.3 It now has 10 units in operation and by the end of 2025 will have 14 if all goes according to plan. hypermarkets and three Mini Go!
In the back of the net. The line launched with a pop-up on June 17 at Boon the Shop, a futuristic Shinsegae fashion emporium in Seoul, attracting a huge crowd that snapped up items as fast as they could, some of it quickly resold for a killing online. enjoyed an increase in netprofit of nearly 400 percent. Going mega.
The business unveiled its FY22 performance on Wednesday morning, and said sales and earnings remained flat on a year prior and netprofit edged 4.3 Modernisation, at a cost. Our strategic plans have adapted to meet the significantly higher e-commerce sales that we have now, [compared to] 2019,” Cain explained.
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