Inside Retail

AUGUST 11, 2024

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 net profit and sales in the last fiscal year. Its net profit fell 16.4 million on a cash-free,debt-free basis. million.

Net Profit 290

Net Profit Consumer Marketing 290

Inside Retail

AUGUST 7, 2024

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.

Net Profit 286

Net Profit Department Stores Management Consumer 286

Inside Retail

SEPTEMBER 13, 2023

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. ” Net profit rose 18.2 ” Net profit rose 18.2 Statutory net profit rose 23.3 Myer’s total sales grew 12.2

Net Profit 278

Net Profit Department Stores Returns Store Operations 278

Inside Retail

FEBRUARY 21, 2024

The company’s sales grew 3 per cent from last year to $2 billion while statutory net profit 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.

Net Profit 249

Net Profit Accessories Consumer 249

Inside Retail

FEBRUARY 12, 2024

The company’s net profit 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

Net Profit 263

Net Profit Accounting Consumer Marketing 263

Inside Retail

AUGUST 11, 2023

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 Trading during the year has been variable and challenging as consumer sentiment deteriorated in line with interest rate increases.”

Net Profit 130

Net Profit Shipping Management Location 130

Inside Retail

AUGUST 27, 2024

But with the ongoing ACCC inquiry into price gouging and consumer frustration with the persistent cost-of-living crisis, Coles still has to answer for its profit margins. Down down “I mentioned in my opening remarks that our net profit after tax for the year was 2.6

Net Profit 147

Net Profit Supermarket Consumer Management 147

Inside Retail

SEPTEMBER 25, 2024

The group’s operating profit (EBIT) was $28.9 million, and adjusted net profit 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.

Net Profit 264

Net Profit Promotions Consumer ATS 264

Inside Retail

MAY 16, 2023

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.

Net Profit 242

Net Profit Apparel Shipping Consumer 242

Inside Retail

FEBRUARY 28, 2024

“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

Net Profit 264

Net Profit Fashion Consumer Marketing 264

Inside Retail

SEPTEMBER 13, 2022

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.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

NOVEMBER 8, 2024

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 net profit for the first half of its financial year fell to $494.64 per cent from 2.9 per cent previously. . million from $1.63

Net Profit 130

Net Profit Accessories Fashion Consumer 130

Inside Retail

SEPTEMBER 5, 2024

With claims Australia has been in a retail recession for 18 months, year-end result headlines are spruiking a consistent storyline of net profit 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.

Net Profit 259

Net Profit Consumer Shopping Management 259

Inside Retail

FEBRUARY 11, 2024

All its product segments namely professional products, consumer products, L’Oréal Luxe, and dermatological beauty categories all experienced higher sales year on year. The group’s net profit jumped 8.4 L’Oréal reported sales growth of 13.7 per cent in Europe, 9.7 per cent in North America, and 22.8

Net Profit 147

Net Profit Consumer 147

Inside Retail

JANUARY 14, 2024

billion while net profit is estimated to be between $200 million and $203 million during the six months ended December 30, based on preliminary data. Super Retail Group reached record revenue in the first half of the current fiscal year despite Rebel’s slight decline in performance.

Net Profit 130

Net Profit Outdoor Consumer Shopping 130

Inside Retail

JUNE 26, 2024

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. Net profit was 6.2 The countryside though isn’t where the 7-Eleven story impacts the most.

Payment Services 202

Payment Services Net Profit Beauty and Health Supermarket 202

Inside Retail

MAY 3, 2021

Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting net profit 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.

Net Profit 227

Net Profit Accounting Consumer 227

Retail TouchPoints

MAY 18, 2023

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 275

Planning Marketing Net Profit Finance 275

Inside Retail

JUNE 17, 2022

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. Shares of Humm Group fell as much as 11.3

Net Profit 130

Net Profit Finance Consumer Marketing 130

Inside Retail

JANUARY 24, 2023

Poor consumer demand and falling foot traffic dented Best & Less Group’s first-half profits. However, tax-paid profit for the half fell 31.8 If optimal trading conditions persist, the company expects to deliver a second-half pro forma net profit after tax of between $18 million and $20 million. per cent to $13.7

Net Profit 130

Net Profit Planning Management Consumer 130

Inside Retail

MARCH 22, 2022

The business’ net profit 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

Net Profit 246

Net Profit Outdoor Wholesale Apparel 246

Inside Retail

SEPTEMBER 15, 2021

billion – 20 per cent of which were made online – leading to a statutory net profit 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

Department Stores 246

Department Stores Net Profit Shipping Management 246

Inside Retail

AUGUST 14, 2023

It has been one of the most consistent performers in the industry, and often showcases the trends in consumer spending. per cent growth, while net profit 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

Net Profit 246

Net Profit Marketing Consumer Retail Marketing 246

Inside Retail

SEPTEMBER 20, 2021

The group ended the year with a underlying net profit 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

Net Profit 246

Net Profit Outdoor Wholesale Returns 246

Inside Retail

SEPTEMBER 20, 2021

The group ended the year with a underlying net profit 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

Net Profit 237

Net Profit Outdoor Wholesale Returns 237

Inside Retail

AUGUST 16, 2022

billion although tax-paid net profit 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

Supply Chain Management 246

Supply Chain Management Net Profit Wholesale Apparel 246

Inside Retail

AUGUST 17, 2021

At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in net profit for the first time,” Mortimer told Inside Retail. “Of per cent to $1.005 billion.

Net Profit 246

Net Profit Supermarket Markdowns Checkout 246

Inside Retail

JUNE 5, 2024

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. per cent in the first quarter, bringing in 18.8

Net Profit 100

Net Profit Consumer Finance Marketing 100

Inside Retail

JULY 18, 2021

Nick Scali said it had almost doubled profit during the six months to February, with net profit hitting $40.5 Despite these events, the team was able to capitalise on shifting consumer spending patterns and deliver a record result.”. million from $20.3 million – a 99.5 per cent jump. “[We] More to come.

Net Profit 147

Net Profit Shipping Management Consumer 147

Inside Retail

AUGUST 17, 2021

Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with net profit 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

Net Profit 246

Net Profit Inventory Management Management Location 246

Inside Retail

JULY 5, 2022

While Inditex recorded growth across most of its geographic markets with revenue and net profit increasing 36 per cent and 80 per cent, respectively, in China – where 67 stores were affected by Covid-19 restrictions – the Spanish retailer experienced the reverse fortune.

Fast Fashion 130

Fast Fashion Net Profit Fashion Apparel 130

Inside Retail

AUGUST 26, 2021

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 net profit 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.

Net Profit 246

Net Profit Fulfillment Planning Management 246

Inside Retail

AUGUST 31, 2021

Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a net profit figure of $2.7 From supply chain logistics to consumer and national sentiment, ongoing internal borders beyond this timeframe will leave lasting scars.”. million – 101 per cent up on last year – despite revenue falling 3.8

Returns 130

Returns Net Profit ATS Consumer 130

Inside Retail

AUGUST 29, 2023

It stands to reason that quick-service restaurants like Domino’s would be well positioned in a challenging economic environment, with consumers seeking affordable luxuries. But with consumer behaviour still in flux post-Covid, the future of QSR is anything but certain. While total food sales grew by 2.2 per cent, to $201.7

Net Profit 246

Net Profit Consumer Marketing Management 246

Inside Retail

FEBRUARY 22, 2022

Group net profit after tax on continuing operations declined by 6.5 Partnerships with Marley Spoon, HealthyLife and Everyday Markets provided consumers with more offers and ways to earn points, boosting interest. . Woolworths Group has reported group sales growth of 8 per cent in the half-year to January 2, reaching $31.8

Net Profit 130

Net Profit Consumer Marketing ATS 130

Inside Retail

MARCH 3, 2024

per cent increase in net profit in its half-year results in February, which grew to $929 million, with Woolies X being a major driver behind this growth. per cent increase in net profit in the half, to $594 million, including an e-commerce revenue growth of 29.2 The X factor The “fresh food people” reported a 2.5

Supermarket 130

Supermarket Net Profit Department Stores Checkout 130

Inside Retail

AUGUST 31, 2023

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 billion baht (US$1.1 billion), an increase of 9.3 per cent over the first six months of 2022. billion baht.

Net Profit 130

Net Profit Accounting Finance Planning 130