Remove Fulfillment Remove Management Remove Net Profit
article thumbnail

Coles revenue up amid positive supermarket, liquor sales growth

Inside Retail

billion with net profit down 2.2 “We also remain focused on delivering the benefits from our major transformation investments, including optimising our automated distribution centres (ADCs) and providing a best-in-class experience for our customer fulfilment centre (CFC) customers.” per cent to $2.05

article thumbnail

Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

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
article thumbnail

To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

brand management company WHP Global has bought a controlling interest in Tru Kids, which owns the Toys ‘R’ Us brand. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 Now the rumors have started up again on the news that in March, U.S.

article thumbnail

How customer loyalty helped Myer bounce back

Inside Retail

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. This will ensure we’re getting products to our customers in the quickest and most effective way,” King said.

article thumbnail

Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Take a look at the net profits of most traditional retailers. The few retail and consumer goods leaders that have taken notice are vigorously investing in open source technologies, data management and data science skill sets to leverage their data. Brent Biddulph is Managing Director, Retail and CPG at Cloudera.

article thumbnail

Coles’ challenges for the year ahead: reining in costs and retail crime

Inside Retail

And while net profit was slightly down from FY22, this still resulted in more than $1 billion being added to the business. The Victorian warehouse isn’t likely to be ready until mid-FY25, and, at this point, Coles doesn’t expect to see the full benefit of these fulfilment centres until FY26.