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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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Accent Group’s net profit plunges 32.9 per cent

Inside Retail

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit 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.”

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Domino’s Pizza Enterprises books lower net profit

Inside Retail

Domino’s Pizza Enterprises saw net profit decline despite higher sales during the past fiscal year. The company’s net profit 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

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Coles delivers higher net profit amid increase in sales

Inside Retail

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 net profit 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

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Super Retail’s profit declines as inflationary pressures necessitate discounting

Inside Retail

Super Retail Group’s net profit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory net profit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11

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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 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

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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

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 net profit. The Sweden-based company, which has operated in the U.S.