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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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Nick Scali logs full year double-digit growth in revenue, profit

Inside Retail

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.”

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Myer bounces back to profitability, names new chair

Inside Retail

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

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Nick Scali confirms it’s looking to buy Plush Sofas

Inside Retail

Nick Scali said it had almost doubled profit during the six months to February, with net profit hitting $40.5 We] had many challenges to navigate including government mandated store closures, supply chain issues and significant delays experienced with global shipping providers,” said managing director Anthony Scali.

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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 Caring about every dollar Mark Coulter, Temple & Webster co-founder and CEO, attributes the business’ strong start to the year to a change in consumer sentiment, as well as an enhanced focus on value – which is resonating with its customer base in a retail recession.

Planning 246
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Woolworths flags concerns across supply chain, customer experience

Inside Retail

Despite group net profit hitting $1.5 According to Woolworths Group chief executive Brad Banducci, the business was hit on all sides by supply chain disruptions, product shortages, team absenteeism, and flood damages, while also witnessing a shift in consumer behaviour driven by rising prices. per cent, New Zealand food up 6.6

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The Future of Retail in 2023: Five Game-Changing Insights

V Count

Although the world may be going back to the way it was, consumer behavior has changed forever, and it will change again. Understanding the customer journey is crucial if you want to boost your revenue and net profit. Listen to What Your Store Tells You. Prepare Personalized Marketing Campaigns.