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Universal Store’s net profit surges 45.3 per cent

Inside Retail

Universal Store Holdings saw its net profit surge 45.3 per cent, ongoing rollout of the Perfect Stranger’s retail format, completion and contributions of the Cheap Thrills Cycles (CTC), and the net store count increasing to 102. CTC’s sales in the direct-to-consumer channels jumped 13.3 per cent to $34.3

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Endeavour Group’s net profit slips despite higher sales

Inside Retail

Endeavour Group’ s net profit fell 3.2 “We will continue to focus on tightly managing our costs as we execute our strategy scorecard commitments to deliver value for shareholders.” ” The post Endeavour Group’s net profit slips despite higher sales appeared first on Inside Retail Australia.

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Domino’s Pizza profit slumps as inflation hits consumer spending

Inside Retail

Domino’s Pizza Enterprises said its first-half net profit fell 21.5 per cent, as orders were impacted by the impact of inflation on consumer spending. The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 million on global sales of $1.97

Consumer 246
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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. 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. The Sweden-based company, which has operated in the U.S.

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Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

The product offering changes come as the Australian Competition and Consumer Commission is due to hand the final report from its inquiry into the supermarket sector to the Treasury on February 28. However, Australias leading supermarkets are changing tack. In doing so, they are following a model already proved successful by Aldi.

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What’s driving the transformation of China’s department stores?

Inside Retail

With malls, e-commerce giants, and niche retailers vying for consumer attention, these legacy institutions must reimagine their purpose in an increasingly digital and experience-driven retail environment. They are shifting focus to internal optimisation, improving management efficiency, and reducing operational costs.

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Three brands blamed for Myer’s projected profit decline

Inside Retail

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.