Inside Retail

SEPTEMBER 15, 2021

Department store Myer has enjoyed the fruits of a rebounding retail environment in FY21, with total sales up 5.5 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 per cent to $2.65

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Inside Retail

AUGUST 11, 2021

The fight for board control of department store Myer will be decided in the next few months, with the firm’s AGM likely to run in late October, but Solomon Lew’s major stake in the business could well be diluted by the time to vote. Department store sales up this year. million, up 5.5 per cent to $539 million.

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Department Stores ATS Net Profit Returns 246

Inside Retail

SEPTEMBER 1, 2022

Shinsegae — one of the Big 3 of Korean department store retailing along with Lotte and Hyundai — has continued its great form right through into the second half of the year, helped by the removal of the country’s remaining pandemic restrictions and an increasingly buoyant mood among the country’s more affluent consumers.

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Inside Retail

JANUARY 23, 2023

Comparisons of the latest trading half against a year earlier are of little relevance given the impact of enforced store closures during much of the first quarter.

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Inside Retail

JULY 25, 2022

Department store group Myer says its sales will nudge $3 billion for the full year as burgeoning online sales and “positive outcome” across all metrics drove solid growth, despite the loss of trading days to Covid during the second half. That represents year-on-year growth of between 32.5

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Net Profit Department Stores Accounting ATS 246

Retail TouchPoints

OCTOBER 23, 2023

While discounts and deals will be core, the ailing department store chain is also prioritizing in-store merchandising and curation to improve the customer experience. To make finding the perfect gift even easier, Kohl’s has developed a new front-of-store experience, aptly called Gift Shop, that is curated for various holiday gifting needs.

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Net Profit Department Stores Promotions Checkout 276

Inside Retail

MARCH 9, 2022

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 million – an increase of 55 per cent. . Myer’s total group sales were up at 8.5 per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1

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Net Profit Department Stores Planning ATS 244

Inside Retail

SEPTEMBER 13, 2022

per cent increase in department stores and a 3.3 Despite some retailers reporting strong sales because of the growth in online sales, net profits declined. per cent in the 2022 fiscal year supported by record online sales, which increased by 44 per cent while net profit fell by 20 per cent.

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Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

AUGUST 19, 2024

Lakeside Jundaloop has a gross lettable area of 99,832sqm, and major tenants include supermarkets Coles, Woolworths, and Aldi; entertainment sites Hoyts and Timezone; and department stores Myer, Big W, Kmart, and Target. Vicinity’s net profit grows 101.5 Vicinity’s net profit grows 101.5

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Inside Retail

MARCH 27, 2023

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 per cent compared to the first half of FY2022, to $174.3 Group sales were also up by 17.6 per cent on the same period.

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Inside Retail

MARCH 10, 2022

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17.

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Payment Services Net Profit Department Stores Planning 246

Inside Retail

OCTOBER 31, 2021

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4 million for the same period a year prior.

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Net Profit Department Stores Accounting Returns 130

Inside Retail

JUNE 3, 2021

After a blockbuster first half that saw net profit soar 46.5 The company’s stores in CBD locations and large shopping centres have continued suffering compared to before the pandemic, with sales down 12 per cent compared on a 48 week period to 30 May.

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Inside Retail

AUGUST 25, 2021

Best & Less’ first financial year as a public company exceeded its own expectations, with strong earnings and like-for-like sales growth driving a net profit result 191 per cent up on the prior year. The department store business saw total sales hit $663.2 The department store business saw total sales hit $663.2

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Net Profit Department Stores Shipping Management 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 The conglomerate’s retail sector, made up of Bunnings, Kmart Group and Officeworks, delivered strong sales of $33.9

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Net Profit Fulfillment Planning Management 246

Inside Retail

MARCH 25, 2025

billion baht, and net profit by 1.3 Among the highlights was a successful relaunch of Central Chidlom (popularly known as Central Department Store) in downtown Bangkok, with a new multi-level designer wing called Luxe Galerie. Also, the portfolio still has a lot more growth potential. For the full year, revenue grew by 5.7

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Department Stores Wholesale Supermarket Net Profit 130

Inside Retail

SEPTEMBER 16, 2021

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer lifted total sales 5.5

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Inside Retail

AUGUST 25, 2021

Myer’s half year results, however, did see the business recover slightly – with a net profit after tax of $42.9 Lew has publicly said he isn’t interested in a full board takeover of the department store, though has also said Premier reserves its rights to make an application to the Takeovers Panel if necessary.

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Net Profit Department Stores Marketing 130

Inside Retail

JUNE 10, 2024

The department store huffed and puffed, but its status was clearly under threat. The floors that have been unveiled already make a sparkling addition to the department store and transport it firmly into the 2020s, making its new company-coined moniker, “Store of Bangkok”, only just a teeny-weeny exaggeration.

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Inside Retail

JUNE 21, 2021

The viability of the two iconic department store chains, Myer and David Jones, has been seriously analysed and debated since a merger proposal by Myer was revealed in 2014. The financial collapse of traditional US and UK department stores and the impact of the pandemic has increased industry scrutiny on Myer and David Jones.

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Department Stores ATS Net Profit Planning 113

Inside Retail

NOVEMBER 16, 2023

Natira Boonsri named as CEO of Central & Robinson Department Stores By Tong Van Central Retail Corporation (CRC) has appointed the Chirathivat family’s heir Natira Boonsri as CEO of Central & Robinson Department Stores. Boonsri has about 20 years of experience in department store management.

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Department Stores Net Profit Wholesale Fashion 130

Inside Retail

MARCH 3, 2024

Sharing the good fortune Another example of a retailer’s growing focus on loyalty programs is Australian department store, Myer. 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. million active members, with 5.2

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Supermarket Net Profit Department Stores Checkout 130

Inside Retail

NOVEMBER 10, 2022

per cent, with comparable store sales growth of 15 per cent. million, while its net profit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 It achieved total sales growth in FY22 of 12.5 The company’s group online sales grew 34 per cent, to $722.8 per cent increase in sales.

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Net Profit Planning Management Returns 245

Inside Retail

MARCH 8, 2023

They include the refurbishment of its store network, the rollout of its national distribution centre , and the relaunch of Country Road Group in July this year. billion, while net profit after tax grew by 101.4 For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85

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Department Stores Net Profit Inventory Management Management 147

Inside Retail

FEBRUARY 16, 2022

per-cent decline in first-half net profit, estimated at $1.213 billion with revenue of $17.758 billion. . Sales momentum increased at the end of the half as lockdown and store closures reduced although, across the group, the business lost around 34,000 store trading days. Retail conglomerate Wesfarmers has reported a 12.7-per-cent

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Net Profit Department Stores ATS 130

Inside Retail

SEPTEMBER 13, 2023

billion, with $71 million in net profit, up 18 per cent year on year. The result was impressive, considering the business doubled its profit last year and the softer trading conditions throughout the year. The ability to have both is complementary.” Myer lifted its sales 12.5 per cent year on year in FY23, to $3.3

Net Profit 130

Net Profit Department Stores Wholesale Consumer 130

Inside Retail

JUNE 7, 2023

In its first quarter results released in May, the Makro side of the Siam Makro business reported year-on-year sales growth of 13 per cent, with same-store sales growth at 10.9 Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5 The bar had been set very low: same-store sales fell by -1.4

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Net Profit Finance Supermarket Wholesale 130

Inside Retail

FEBRUARY 23, 2022

million, though due to a higher cost of doing business net profit fell 6.5 per cent, and rising e-commerce growth offset slowing in-store activity due to the Omicron wave. The discount department store did see strong online adoption through the half, since most stores were closed, with a 69.4

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Supermarket Net Profit Accounting Fulfillment 130

Inside Retail

AUGUST 24, 2022

Despite group net profit hitting $1.5 billion in FY22 , Woolworths conceded this week that the result landed below its aspirations for the year. . All of Woolworths’ brands stayed relatively flat, with Australian food sales up 4.5 per cent, New Zealand food up 6.6 per cent, and Big W down 3.3 billion, far ahead of the $1.2

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Customer Experience Net Profit Supermarket Shipping 147

Inside Retail

AUGUST 29, 2021

billion, as store closures during sporadic Covid-19 lockdowns throughout the year forced customers to shop online. Net profit after tax was up more than 40 per cent to $2.4 Australian retail conglomerate Wesfarmers reported its full-year results on Friday , revealing a 10 per cent increase in revenue to $33.9

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Net Profit Planning Returns Customer Experience 130