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Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s netprofit fell 20.6 The post Woolworths profit falls 20.6 per cent to $1.45 per cent to $35.93
Step One Clothing ‘s netprofit surged in the last fiscal year, thanks to higher revenue across all its geographies and channels. The underwear retailer’s netprofit soared 43.9 The post Step One’s netprofit surges 43.9 per cent to $12.4 million as revenue jumped 29.7 per cent to $84.5
Universal Store Holdings saw its netprofit 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
Endeavour Group’ s netprofit fell 3.2 ” The post Endeavour Group’s netprofit slips despite higher sales appeared first on Inside Retail Australia. per cent to $512 million, while sales increased 3.6 per cent to $12.3 per cent to $685 million as sales climbed 3.4 per cent to $10.25 billion. .
Department store chain Myer expects fiscal first-half sales and netprofit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3
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
Retail Food Group swung to a netprofit of $5.8 The brand launched a direct-to-consumer e-commerce site to expand beyond UberEats late in the year. The post Retail Food Group swings to netprofit on store outlets expansion appeared first on Inside Retail Australia. The company’s revenue increased 9.7
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 Sales grew 12.6 per cent to $1.01 per cent to $97.4
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 Both Supercheap Auto and Macpac’s sales rose 1.7
Endeavour Group’s netprofit declined in the first half, impacted by the Victor ian supply chain disruption during the peak end-of-year trading period. The group’s netprofit fell 15.1 per cent to $298 million while sales slid 0.7 per cent to $6.62 Retail sales declined 1.5 per cent to $5.5
Nick Scali’s netprofit dipped in the fiscal first half ended December 31 amid a sharp decline in Australia and New Zealand performance and softer-than-expected loss in the UK. The furniture retailer’s netprofit plunged 30.2 per cent to $30 million, with ANZ netprofit tumbling 20.7 million. .”
Domino’s Pizza Enterprises said its first-half netprofit 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
In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in netprofit. 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.
The consumer electronics retailer agreed to an initial acquisition of 75 per cent of E&S for cash consideration of $47.8 The acquisition announcement comes as JB Hi-Fi reports a decline in netprofit and sales in the last fiscal year. Its netprofit fell 16.4 million on a cash-free,debt-free basis. million.
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.
Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. ” Netprofit rose 18.2 ” Netprofit rose 18.2 Statutory netprofit rose 23.3 Myer’s total sales grew 12.2
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 netprofit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.
Meanwhile, netprofit soared to RMB3.4 Immersive offline stores will remain essential, offering vibrant designs, themed displays, and social spaces to engage young consumers. Pop Mart sees untapped potential in expanding to new markets and deepening connections with local consumers. This marks an impressive 106.9
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. per cent, and netprofit was 1.3 Big C has delivered netprofit of 4.0
Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.
Its luxury rivals have reported mixed fortunes, with LVMH missing third quarter sales forecasts, saying consumer confidence in China had fallen to pandemic-era lows. Richemont’s netprofit for the first half of its financial year fell to $494.64 per cent from 2.9 per cent previously. . million from $1.63
Thailand’s Big C, the retailing arm of Berli Jucker (a vertically integrated company that also has its nose in manufacturing and distribution of consumer products and packaging) talked up its bottom line rather than its top one when it presented its third-quarter results to investors on November 18. Netprofit was 715 million baht (US$21.7
The company’s netprofit after tax was $264.3 Further reading: Consumer class action launched against JB Hi-Fi over ‘junk’ warranties The post JB Hi-Fi posts lower sales, citing challenging trading environment appeared first on Inside Retail Australia. Electronics and appliance retailer JB Hi-Fi reported total sales of $5.16
The company’s sales grew 3 per cent from last year to $2 billion while statutory netprofit after tax slightly declined by 1 per cent to $143 million. Meanwhile, Rebel’s sales fell minimally by 1 per cent, reflecting weaker consumer spending.
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.
“The huge shift to online in recent years also provides an enormous amount of data and information about those consumers’ shifting expectations and choices which will drive our strategy and direction,” said Berchtold. “Low price is also not the antithesis of style. million despite revenue decreasing 12.5 per cent to $234.1
Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting netprofit to fall in the range of $78 to $80 million – a 90 per cent increase on the year prior. The post Nick Scali forecasts bumper year ahead as third quarter delivers appeared first on Inside Retail.
billion – 20 per cent of which were made online – leading to a statutory netprofit figure of $46.4 Myer’s profit is a strong improvement on the $172.4 Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 per cent to $2.65
The group’s operating profit (EBIT) was $28.9 million, and adjusted netprofit after tax was $18.9 The economic climate in Aotearoa New Zealand has been difficult for most retailers, with inflation, high interest rates, and a weak economy significantly reducing consumer demand. million, compared to $57.4 million in FY23.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 Once again, however, the Kathmandu brand suffered throughout the year. per cent. “Rip
The business’ netprofit after tax fell 124.7 per cent in the first half while direct-to-consumer (DTC) same-store sales climbed up 2.1 Group sales for the half were recorded at $379.95 million (NZ$407.3 million) while underlying EBITDA was estimated at $9.52 per cent, a loss of $5.13 Rip Curl’s total sales were up 2.7
SHEIN generated $23 billion in revenue and netprofits 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.
billion) and the netprofit of 16.7 Even now, overall foot traffic across the portfolio has not quite returned to pre-Covid levels, but its getting close. Points rewards are key sales driver For the whole year 2024, revenues came in at a record high of 51.8 billion Thai baht ($1.6 billion baht ($506.9 million) was a record as well.
At its full year results announcement on Wednesday morning, Coles revealed that netprofit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in netprofit for the first time,” Mortimer told Inside Retail. “Of per cent to $1.005 billion.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 Once again, however, the Kathmandu brand suffered throughout the year. per cent. “Rip
With todays consumers increasingly becoming budget-conscious, The Reject Shops offering appears to resonate with current market demands, particularly given the ongoing economic pressure that consumers are facing. However, despite the increase in sales, netprofits saw a 36 per cent decline to $4.7
Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with netprofit doubling during the year to $306.8 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45
With claims Australia has been in a retail recession for 18 months, year-end result headlines are spruiking a consistent storyline of netprofit losses – for most. But there’s one group of retailers bucking the trend. And that is the brands that have gone all-in on everyday low prices or EDLP. But retailers need to be consistent.
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 billion, with Scott noting the business’ success was due to its resilient operating model and the ability to adapt to changing consumer needs.
billion although tax-paid netprofit fell 20 per cent to $244.1 Our solid inventory levels enabled us to capture consumer demand when retail spending rebounded in the second quarter following the end of Covid-related lockdowns.”. For the year to July 2, the business says sales grew 2.8 per cent to $3.55
It has been one of the most consistent performers in the industry, and often showcases the trends in consumer spending. per cent growth, while netprofit fell 3.7 And in its full year results announcement on Monday, JB seems to have delivered another accurate forecast. The group’s sales growth jumped to 4.3 per cent to $9.63
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. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with netprofit up almost 20% to DKK 9.9 You Can’t Beat Marketplaces.
per cent growth in netprofit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while netprofit after tax reached $101.1 Trading during the year has been variable and challenging as consumer sentiment deteriorated in line with interest rate increases.”
In the cities, 7-Eleven is a retailer that just keeps evolving and adapting to stay up with consumer lifestyle changes: it has become retail’s pocket battleship that challenges convenience store competition and supermarkets alike. Netprofit was 6.2 The countryside though isn’t where the 7-Eleven story impacts the most.
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