Inside Retail
FEBRUARY 26, 2024
Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but net profit was down as the group previously expected. However, net profit after tax slid 3.6 per cent to $351 million, impacted by higher finance costs and in line with previous guidance.
Inside Retail
FEBRUARY 6, 2025
Nick Scali’s net profit 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 net profit plunged 30.2 per cent to $30 million, with ANZ net profit tumbling 20.7 million. .”
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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. This included discussing the growth of SHEIN’s workforce in Dublin to fill roles in data analytics, security engineering, finance management and legal, as well as expanding SHEIN’s graduate program in Ireland.
Inside Retail
JUNE 17, 2022
BNPL firms have seen their market value shrink rapidly as interest rate hikes to tame rising inflation fuelled concerns about a slowdown in consumer finance. Shares of Block Inc, previously known as Square, have lost over half of their value after the company closed the acquisition of Afterpay for $29 billion earlier this year.
Inside Retail
JUNE 7, 2023
Net profit was up by 8.9 Retail’s weak revenue growth showed up on the bottom line, with net profit from retail stores falling 12.8 The second piece of bad news is that most retailers are being hit hard by higher financing costs because of rising interest rates. For Big C, finance costs grew by 3.7
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.
Small Biz Trends
JULY 31, 2022
. “Pay attention to actual profit and cash flow. net profit to the company can be very different from revenue coming in the door.” If you’re unsure how something should be classified, it may be time to call a professional accountant to help keep your finances on track.”
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