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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 Coles plans to open approximately eight new supermarkets, close five, and renew 50 stores. per cent to $1.12 billion as group sales rose 5.1

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

Retail TouchPoints

SHEIN has officially launched its Europe, Middle East and Africa (EMEA) headquarters in Dublin City Centre, Ireland and is planning to host approximately 30 pop-up store events across the region this year to boost its profile with customers. The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S.,

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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

To reach his $1 billion online sales target, King plans to continue to improve Myer’s website and user experience, expand the range of products it offers online, speed up the delivery of online orders and better leverage the Myer One loyalty program. Statutory net profit after tax rose to $46.4 Myer reported $539.5

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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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Coles signals FY23 to be a year of investment and inflation

Inside Retail

The business unveiled its FY22 performance on Wednesday morning, and said sales and earnings remained flat on a year prior and net profit edged 4.3 Our strategic plans have adapted to meet the significantly higher e-commerce sales that we have now, [compared to] 2019,” Cain explained. per cent higher to $1.04

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‘Next phase of growth’: JB Hi-Fi unveils new initiatives for FY23

Inside Retail

billion, net profit up 7.7 JB Hi-Fi is also planning to split its commercial operations into three distinct channels – tentatively titled JB Hi-Fi Business, JB Hi-Fi Education, and The Good Guys Commercial – along with a dedicated commercial telecommunications channel. per cent to $9.2 per cent to $544.9 per cent, to $1.6