Remove Management Remove Net Profit Remove Planning
article thumbnail

Breville’s net profit up; the Americas, EMEA lead growth

Inside Retail

Australian-listed appliance maker Breville Group’s net profit rose 7.5 “We will continue to plan inventory for accelerated growth while at the same time managing costs to protect against downside risks.” per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53

article thumbnail

The Reject Shop’s net profit plunges amid rising costs, shrinkage

Inside Retail

The Reject Shop’s net profit declined significantly despite higher sales in the last fiscal year. The discount retailer’s net profit plunged 35.9 “In order to address these challenges, management has been focused on gross profit margin improvement. . per cent to $4.7 per cent to $852.7

Insiders

Sign Up for our Newsletter

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

article thumbnail

Solomon Lew plans to spin off Peter Alexander and Smiggle next year

Inside Retail

Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. Premier Investments posted net profit after tax of $177.2 million for the first half of FY24, while EBIT reached $209.8

Planning 264
article thumbnail

Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. The Sweden-based company, which has operated in the U.S.

article thumbnail

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.,

Planning 275
article thumbnail

Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

Woolworths looks to follow suit Woolworths Group CEO Amanda Bardwell announced the companys own plan to reduce product range after delivering disappointing half-year results that revealed net profits dropped 20.6 But at the same time making sure that weve got a real laser focus on execution and cost control in our business.

article thumbnail

What’s driving the transformation of China’s department stores?

Inside Retail

Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. More than 70 per cent of surveyed department-store operators experienced year-on-year sales and net profit declines last year, including Xujiahui Shopping Mall and Inzone Group.