Inside Retail

AUGUST 15, 2023

Vicinity Centres has posted a lower statutory net profit after tax of $271.5 Net profit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 The post Vicinity Centres posts full-year net profit of $271.5

Net Profit 130

Net Profit Management Shopping ATS 130

Inside Retail

SEPTEMBER 19, 2024

Myer saw a decline in net profit in the last fiscal year due to the underperformance of Sass&Bide, Marcs, and David Lawrence, inflationary pressures, and store closures. The department store chain’s net profit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 per cent of total sales.

Net Profit 264

Net Profit Department Stores Apparel Accounting 264

Inside Retail

AUGUST 7, 2024

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.

Net Profit 286

Net Profit Department Stores Management Consumer 286

Inside Retail

AUGUST 19, 2024

Vicinity Centres has acquired a 50 per cent stake in the Lakeside Jundaloop shopping centre in Western Australia from Future Fund for $420 million, and will co-own it with Lendlease-managed Australian Prime Property Fund – Retail. Vicinity’s net profit grows 101.5 million in the last fiscal year, up 101.5

Net Profit 147

Net Profit Kiosk Department Stores Supermarket 147

Inside Retail

MAY 5, 2024

The company expects to add about 10 net new stores in the fourth quarter. Endeavour noted it is tightly managing its costs of doing business amid persistent inflationary pressures. Previous story: Endeavour Group’s net profit drops despite top-line growth. Meanwhile, hotel sales rose 1.5

Net Profit 286

Net Profit Management 286

Talking Retail

MAY 7, 2021

This story continues at Wimbledon and summer of sport: Net profit. Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. Or just read more coverage at Talking Retail.

Net Profit 52

Net Profit Returns ATS Management 52

Inside Retail

JULY 27, 2021

A lot of category managers tend to think about the range they have, but not the combination of range and store. When you translate that margin gain for a retailer that might currently be making a net profit of 2 or 3 per cent, it can translate into really substantial profit growth over a relatively short period of time,” says Moore.

Management 234

Management Net Profit Location Promotions 234

Inside Retail

AUGUST 11, 2023

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 Furniture retailer Nick Scali posted a 15.1 per cent increase in revenue and 26.1 The group reported FY23 revenue of $507.7 per cent.

Net Profit 130

Net Profit Shipping Management Location 130

Inside Retail

NOVEMBER 23, 2023

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.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Inside Retail

MARCH 25, 2024

However, the Australian Financial Review (AFR) said Lew will ensure that the next generation of management stars inside Premier are given their chance to shine. Premier Investments posted net profit after tax of $177.2 The Lew family will retain major shareholdings in Smiggle and Peter Alexander. per cent to $183.9

Planning 264

Planning Net Profit Management Marketing 264

Inside Retail

AUGUST 27, 2024

“With ongoing cost-of-living pressures, we will continue responding to the needs of our customers with a focus on value through everyday low prices, weekly specials, Flybuys and Coles Own Brand,” said Leah Weckert, CEO and managing director of Coles Group. Coles also paid over $6 billion in salaries and wages to its team, a 5.75

Net Profit 147

Net Profit Supermarket Consumer Management 147

Inside Retail

FEBRUARY 21, 2023

Domino’s Pizza Enterprises said its first-half net profit fell 21.5 The Australian franchise of Domino’s says its first-half profit attributable for the period ended Jan 1 was $71.7 per cent, as orders were impacted by the impact of inflation on consumer spending. million on global sales of $1.97

Consumer 246

Consumer Net Profit Management Marketing 246

Inside Retail

JULY 28, 2024

“In my eyes, this is the biggest uncertainty facing this IPO at the moment,” said Adil Shah, portfolio manager at Delphi Funds, part of Storebrand in Oslo, which holds shares in retailer H&M. Companies’ valuations are directly linked to expectations for their future growth and profitability. per cent of sales.

Fast Fashion 246

Fast Fashion Net Profit Fashion Planning 246

Inside Retail

SEPTEMBER 5, 2024

With claims Australia has been in a retail recession for 18 months, year-end result headlines are spruiking a consistent storyline of net profit losses – for most. But there’s one group of retailers bucking the trend. And that is the brands that have gone all-in on everyday low prices or EDLP.

Net Profit 259

Net Profit Consumer Shopping Management 259

Inside Retail

FEBRUARY 2, 2022

The company had to close 55 per cent of its store networks during the six month period, while also managing the widespread supply chain disruptions seen throughout the industry. Overall profit fell by 6 per cent compared to the previous corresponding period in FY21. million to the group for the two months post-acquisition. .

Net Profit 246

Net Profit Management ATS 246

Inside Retail

JUNE 3, 2021

After a blockbuster first half that saw net profit soar 46.5 Until that time, the company will continue to navigate the short-term challenges associated with Covid-19 and management will remain focused on cost reduction.”. The post The Reject Shop’s sales remain sluggish into second half appeared first on Inside Retail.

Net Profit 246

Net Profit Accounting Shopping Location 246

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.

Planning 275

Planning Marketing Net Profit Finance 275

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. million, leading net profit to hit $47 million for the year. The department store business saw total sales hit $663.2

Net Profit 130

Net Profit Department Stores Shipping Management 130

Inside Retail

JUNE 19, 2023

To “right-size” the business’ cost base, other expense management initiatives have been implemented however the full benefit of these actions and lower product and shipping costs will not be seen until later this calendar year, it said. million and $4.2 million.

Net Profit 130

Net Profit Apparel Shipping Management 130

Inside Retail

JANUARY 24, 2023

” He said the business will continue to invest in its best-pricing strategy while effectively managing its inventory and cost levels. If optimal trading conditions persist, the company expects to deliver a second-half pro forma net profit after tax of between $18 million and $20 million.

Net Profit 130

Net Profit Planning Management Consumer 130

Inside Retail

MARCH 22, 2022

The business’ net profit after tax fell 124.7 Group CEO and managing director Michael Daly said, the business maintained a strong focus on building its global brands. Group sales for the half were recorded at $379.95 million (NZ$407.3 million) while underlying EBITDA was estimated at $9.52 per cent, a loss of $5.13

Net Profit 246

Net Profit Outdoor Wholesale Apparel 246

Inside Retail

SEPTEMBER 15, 2021

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

Department Stores 246

Department Stores Net Profit Shipping Management 246

Inside Retail

FEBRUARY 22, 2022

million and net profit after tax of $16.9 A continued focus on inventory efficiency and strong management of supply-chain costs influenced the business. The group has reported first-half revenue of $287.5 Although sales reduced during the first half, like-for-like revenue was stable, up by just 0.1

Net Profit 130

Net Profit Management ATS Accessories 130

Inside Retail

MAY 19, 2021

The impressive growth in net profit largely comes from careful expense management and boosted gross profit margin, driven by an increase in retail and online sales.

Net Profit 162

Net Profit Planning Management Shopping 162

Inside Retail

AUGUST 17, 2021

Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with net profit doubling during the year to $306.8 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45 At Supercheap Auto sales increased to $1.31

Net Profit 246

Net Profit Inventory Management Management Location 246

Inside Retail

AUGUST 23, 2021

Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with net profit plummeting 86.8 per cent to $3.5 million (compared to $26.8 million the year prior). Without taking these impacts into consideration, adjusted NPAT rose 43.2 per cent to $42.9 per cent to approximately $1.18

Net Profit 246

Net Profit Promotions Management Shopping 246

Inside Retail

MARCH 28, 2022

Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid disruptions. million, with net profit at $11.91 Group sales fell 6.5 per cent to $170.63 million compared with the previous corresponding period. per cent of total group sales.

Net Profit 130

Net Profit Fashion Management ATS 130

Inside Retail

AUGUST 16, 2022

billion although tax-paid net profit fell 20 per cent to $244.1 The successful execution of our omni-retail strategy, our enhanced digital capability, proactive supply chain management, and an outstanding contribution from our team members were central to this performance,” he said. per cent to $3.55

Supply Chain Management 246

Supply Chain Management Net Profit Wholesale Apparel 246

Inside Retail

JULY 18, 2021

Nick Scali said it had almost doubled profit during the six months to February, with net profit hitting $40.5 We] had many challenges to navigate including government mandated store closures, supply chain issues and significant delays experienced with global shipping providers,” said managing director Anthony Scali.

Net Profit 147

Net Profit Shipping Management Consumer 147

Inside Retail

MARCH 3, 2024

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. per cent increase in net profit in the half, to $594 million, including an e-commerce revenue growth of 29.2 The X factor The “fresh food people” reported a 2.5

Supermarket 130

Supermarket Net Profit Department Stores Checkout 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 billion (up 10 per cent) over the last 12 months, according to managing director Rob Scott.

Net Profit 246

Net Profit Fulfillment Planning Management 246

Inside Retail

MARCH 2, 2023

BWX CEO departs amid flagging results By Dean Blake Global beauty and personal care business BWX’s group chief executive and managing director Rory Gration is departing the role after only 12 months, having served through a period which the business called “highly challenging and disruptive”.

Home Furnishings 130

Home Furnishings Net Profit Supermarket Management 130

Inside Retail

NOVEMBER 10, 2022

Former Myer managing director Terry McCartney has joined the department store’s board as a non-executive director. Myer chairman JoAnne Stephenson said that it acknowledged the deep experience and expertise of McCartney, and that conflicts of interest, actual or perceived, could be managed within its policies.

Net Profit 245

Net Profit Planning Management Returns 245

Inside Retail

AUGUST 24, 2021

While the business’ first quarter was heavily impacted by store closures in Victoria, the remainder of the year saw improved performance and positive comparable store sales, with a gross margin of 77 per cent delivering a net profit of $27.7 million – 43 per cent up on last year.

Net Profit 130

Net Profit Jewelry Marketing Management 130

Inside Retail

SEPTEMBER 30, 2021

Fashion house Hallenstein Glassons has delivered a year of growth in a difficult market, with group sales almost 22 per cent up to $333 million and net profit hitting $31.7 million – 20 per cent higher than FY20. Sales in the group’s brands Glassons and Hallenstein Brothers grew throughout the year, 16.88 per cent to $92.7

Net Profit 130

Net Profit Inventory Management Fashion Management 130

Inside Retail

MARCH 27, 2023

Group chairman Solomon Lew has commended Premier Investment’s strong half year results, attributing standout performances to careful management and execution. per cent compared to the first half of FY2022, to $174.3 He added that Smiggle is the first brand that many children actually want, which makes it quite inflation proof.

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

AUGUST 11, 2021

A total net profit result is expected to land between $47 and $50 million for the year, compared to Myer’s disastrous FY20 result of a net loss of $13.4 Total sales for the FY21 year are expected to land at $2.6 million, up 5.5 per cent on the same period of last year, while online sales rose 27.7

Department Stores 246

Department Stores ATS Net Profit Returns 246