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Coles delivers higher net profit amid increase in sales

Inside Retail

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 The post Coles delivers higher net profit amid increase in sales appeared first on Inside Retail Australia. per cent to $1.12

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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

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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.

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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.

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

Retail TouchPoints

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 are currently in the third generation, characterized by ecommerce growth and flexible fulfillment, and the fourth generation of retail is defined by the dynamics of digital marketplaces.

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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.

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How Myer plans to reach $1 billion in online sales

Inside Retail

In July, Myer announced it had signed a 10-year lease on a new 40,000-square-metre national distribution centre (NDC) in Victoria that will enable it to get products into stores and fulfil online orders more quickly. Statutory net profit after tax rose to $46.4 King called it “transformational” for the business. per cent to $2.7

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