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SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. Nearshoring is a key component of SHEIN’s business model, allowing the company to maintain the speedy fulfillment times that have helped drive its popularity with consumers.

Planning 274
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Latitude Group rescinds buyout offer for Humm’s BNPL business

Inside Retail

Australian digital payment and lending firm Latitude Group on Friday terminated its $335 million offer to buy Humm Group’s consumer unit that includes its buy now, pay later (BNPL) business. Humm Group cited current disruptions in financial markets for the termination of the offer, in a statement to the bourse.

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How HomePro aims to grow in Thailand’s fragmented DIY market 

Inside Retail

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

Marketing 130
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Why Thailand’s HomePro is growing despite the stumbling economy

Inside Retail

Net profit increased by 6.3 Contributing to the decline in rental income was the cancellation of its annual HomePro Expo event, a direct response to concerns about slipping consumer balance sheets. The government data says they aren’t and consumers say they are. Its after-tax profit was likewise savaged, falling 5.4

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Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

Eighteen months on, the excitement around the merger is beginning to dissipate, as Lotus’s toils in a fiercely competitive market with a cash-strapped core customer. Net profit was up by 8.9 Retail’s weak revenue growth showed up on the bottom line, with net profit from retail stores falling 12.8

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Net profit for the first half was up 6.6 Net profit was 1.6 per cent, year-on-year, to 3.2 billion baht. Revenue from this source was 940.6 million baht, up 15.3

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Margin vs Markup. What is the Difference?

Retail Bound

Particularly in markets with increased volume and price pressure, proper pricing is a vital strategy for remaining competitive. It can also be a useful signaling mechanism to consumers. For example, higher prices tell some consumers that you have higher quality, or you wouldn’t be able to charge those prices.”