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Nick Scali at risk of missing profit guidance due to container shipment delay

Inside Retail

Nick Scali is at risk of not meeting its first-half net profit guidance for Australia and New Zealand due to delays in the delivery of its products. The court orders to the shipping lines have been granted and Nick Scali is now working to have the containers delivered to its distribution centres.

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.

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Temple & Webster’s $1 billion business plan and “openness to try new things”

Inside Retail

Even after significant investments in these areas, Temple & Webster has a positive profit and revenue growth trajectory. Accumulating no debt and finishing FY24 with $116 million cash on hand, the decline in net profit from $8.3 million in FY23 to $1.8 million in FY24 is not likely to trip up the company’s CEO Mark Coulter.

Planning 262
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Vinted profit triples, driven by second-hand boom and Europe-wide growth

Retail Gazette

The Lithuanian-based business posted a net profit of 76.7m, up from 17.8m Chief executive Thomas Plantenga said: This performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost. We are at the start of the journey and aiming high.

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Best & Less like-for-like sales slump, profit outlook lowered

Inside Retail

per cent, while turnover at physical stores was down by 12.5 To “right-size” the business’ cost base, other expense management initiatives have been implemented however the full benefit of these actions and lower product and shipping costs will not be seen until later this calendar year, it said. million and $4.2

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Baby Bunting marks record sales, begins New Zealand foray

Inside Retail

million (with same-store sales up by 5 per cent) while statutory net profit 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

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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 About 70 per cent of what we sell is drop-ship, so there’s no inventory. This is especially the case for businesses operating at a smaller scale, which might not have the financial capacity to weather economic headwinds. million in the year prior.

Planning 246