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 19, 2024

For this year, Baby Bunting forecasts pro-forma net profit of $9.5 The post Baby Bunting’s profit plunges amid challenging market conditions appeared first on Inside Retail Australia. .” Meanwhile, the company reported 3.5 million to $12.5 million, with comparable sales store growth of nil to 3 per cent.

Marketing 130

Marketing Net Profit ATS 130

Inside Retail

AUGUST 11, 2024

“E&S has a highly complementary premium product offering, which will appeal to a new customer base, and a commercial construction market focus, making it a strategically compelling addition to the JB Hi-Fi Group,” said Terry Smart, JB Hi-Fi’s CEO. Its net profit fell 16.4 per cent to $438.8 per cent to $9.6

Net Profit 290

Net Profit Consumer Marketing 290

Inside Retail

MARCH 27, 2024

Collectible toy retailer Pop Mart says its net profit increased by more than 100 per cent last year. The growth is largely due to expansion in multiple markets, especially in Asia where the ‘blind box toy’ specialist’s next expansion plan is into Vietnam with the opening of its first two stores.

Net Profit 263

Net Profit Location Planning Marketing 263

Inside Retail

AUGUST 27, 2024

However, net profit fell from $88.7 Frasers Group is listed on the London Stock Exchange with a market value of £3.9 Last week, Accent reported sales of $1.61 billion for the 2024 financial year, which was up from $1.57 billion the year prior. million to $59.5 The company’s shares were down 4.25 per cent gain. billion ($7.6

Net Profit 262

Net Profit Marketing ATS Accessories 262

Inside Retail

AUGUST 19, 2024

Simon Rooney, CBRE’s head of retail capital markets, said the acquisition signifies the re-entry of REITs into Australia’s regional shopping investment market. Vicinity’s net profit grows 101.5 per cent Meanwhile, Vicinity Centres reported net profit of $547.1

Net Profit 147

Net Profit Kiosk Department Stores Supermarket 147

Inside Retail

MAY 16, 2024

Value retailer Miniso has posted double-digit increases in both revenue and profit for the quarter ended March 31, driven by the higher number of stores across all markets. million, while revenue from overseas markets jumped 52.6 Operating profit was US$102.9 per cent, while adjusted net profit increased 27.7

Net Profit 261

Net Profit Marketing 261

Inside Retail

SEPTEMBER 13, 2023

. “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.” ” Net profit rose 18.2 Statutory net profit rose 23.3 per cent to $71.1 million for the 12 months to July 29, the highest since 2015. per cent to $60.4

Net Profit 278

Net Profit Department Stores Returns Store Operations 278

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. The decreased valuation was attributed to the wider decline in tech company stock prices as well as rising geopolitical headwinds and increased competition.

Planning 275

Planning Marketing Net Profit Finance 275

Inside Retail

AUGUST 13, 2024

CEO Mark Coulter said the company bucked the slowdown caused by cost-of-living pressures, with revenue soaring in an overall market that was down 4 per cent. Despite the surge in sales, net profit fell from $8.3 The number of active customers also rose to a historic high of 1.1 million, representing a 31 per cent increase.

Net Profit 255

Net Profit Marketing ATS 255

Inside Retail

FEBRUARY 19, 2024

Baby Bunting booked significantly lower net profit in the fiscal first half as sales declined amid macroeconomic challenges and price competition. The baby products retailer’s net profit plunged 31.3 million while gross profit margin stood at 37.2 per cent year over year to $3.5 million as sales fell 2.5

Net Profit 130

Net Profit Promotions Marketing ATS 130

Inside Retail

FEBRUARY 12, 2024

The company’s net profit after tax was $264.3 The key growth categories in the market were mobile phones, games hardware, small appliances, whitegoods and services. Electronics and appliance retailer JB Hi-Fi reported total sales of $5.16 billion for the six months ended December 31, down from $5.3 billion year on year.

Net Profit 263

Net Profit Accounting Consumer Marketing 263

Retail TouchPoints

OCTOBER 23, 2023

Shoppers who want to give back can purchase a Kohl’s Cares book or plush , with all net profits being donated to nonprofits working to improve the health and wellness of children and families across the U.S. The retailer has already started holiday-centric deals this month with a series of weekly LEGO deals.

Net Profit 276

Net Profit Department Stores Promotions Checkout 276

Inside Retail

OCTOBER 3, 2022

NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in net profit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent growth in sales with net profit increasing 16.4 per cent with net profit down 64.7 per cent with net profit down 64.7

Net Profit 130

Net Profit Fashion Accounting Marketing 130

Inside Retail

MARCH 25, 2024

Premier Investments posted net profit after tax of $177.2 Management cited a challenging discretionary retail environment, with customers exposed to increased cost of living pressures in all global markets. million for the first half of FY24, while EBIT reached $209.8 million, exceeding previous guidance.

Planning 264

Planning Net Profit Management Marketing 264

Inside Retail

FEBRUARY 28, 2024

The incoming CEO expressed optimism about the company, noting the growing fashion market and demand for affordability. Profit lifts on lower sales During the fiscal first half, Mosaic Brands’ net profit surged 121 per cent to $5.4 “Low price is also not the antithesis of style. per cent to $234.1

Net Profit 264

Net Profit Fashion Consumer Marketing 264

Inside Retail

JUNE 5, 2023

Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 According to Statista Market Insights, the DIY and Hardware market was worth US$14.21

Marketing 130

Marketing Net Profit Sporting Goods Outdoor 130

Inside Retail

JULY 25, 2024

Luxury fashion company Hermes has posted a 15 per cent increase in sales for the first half, with double-digit growth recorded across all markets. billion, and consolidated net profit edged up to €2.4 The company’s consolidated revenue for the January-June period reached €7.5 billion (US$8.1 billion from €2.2 billion last year.

Net Profit 130

Net Profit Fashion Marketing Accessories 130

Retail Gazette

MARCH 13, 2024

Lego profits were hit by the most difficult toy market in over 15 years, as it warned its business would remain under pressure in 2024. The Danish toy retailer saw net profit drop 5% to £1.50bn in 2023, while it pulled in annual sales of £7.55bn, marking a 2% rise from 2022.

Marketing 59

Marketing Net Profit 59

Inside Retail

AUGUST 19, 2024

The Australian online furniture retailer is proof that you need to spend money to make money, and its investments in artificial intelligence (AI) development and new marketing channels are primed to keep the business on track. Accumulating no debt and finishing FY24 with $116 million cash on hand, the decline in net profit from $8.3

Planning 261

Planning Net Profit Shipping Marketing 261

Inside Retail

AUGUST 28, 2023

The group recorded net profit after tax of $2 million compared with $14 million in last year’s first half, indicating inflationary pressures facing the group in all markets. Total store sales were $589.4 million, up 9.4 per cent year over year, supported by the opening of new stores and a stronger US dollar.

Net Profit 246

Net Profit Location Marketing 246

Inside Retail

NOVEMBER 8, 2024

. “Whilst I remain cautious in this uncertain context I am confident in our ability to navigate the current as well as future cycles,” Rupert said in a statement, adding Richemont would continue to invest in production and marketing. Richemont’s net profit for the first half of its financial year fell to $494.64

Net Profit 130

Net Profit Accessories Fashion Consumer 130

Inside Retail

AUGUST 27, 2024

But with the ongoing ACCC inquiry into price gouging and consumer frustration with the persistent cost-of-living crisis, Coles still has to answer for its profit margins. Down down “I mentioned in my opening remarks that our net profit after tax for the year was 2.6

Net Profit 147

Net Profit Supermarket Consumer Management 147

Inside Retail

FEBRUARY 21, 2024

Jewellery brand Lovisa saw a strong uplift in revenue for the fiscal first half along with new store openings and market entries. The Australian-headquartered retailer opened 74 new stores and ended the half with a network of 854 across more than 40 markets. per cent, while net profit after tax rose 12 per cent to $53.5

Net Profit 130

Net Profit Marketing Location Accessories 130

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 The post Domino’s Pizza profit slumps as inflation hits consumer spending appeared first on Inside Retail.

Consumer 246

Consumer Net Profit Management Marketing 246

Inside Retail

JULY 28, 2024

Moves by authorities in the European Union and elsewhere to end tax breaks for low-value parcels threaten Shein’s profitability and risk denting the fast fashion retailer’s long-term attractiveness ahead of its planned stock market debut, investors who focus on the sector said. per cent of sales.

Fast Fashion 246

Fast Fashion Net Profit Fashion Planning 246

Inside Retail

AUGUST 29, 2021

Net profit grew 168 per cent over the course of the year, with the beauty firm eking out a positive result of $845,000 – a slight win, but a big boost on last year’s loss of $1.2 Active customers hit 818,000, up 39 per cent, which drove revenue growth of 48 per cent to $179.3

Shipping 246

Shipping Beauty and Health Net Profit Returns 246

Inside Retail

SEPTEMBER 13, 2022

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

Net Profit 278

Net Profit Payment Services Specialty Store Fast Fashion 278

Inside Retail

NOVEMBER 7, 2024

billion for the period ending September 30, successfully transitioning from a loss-making position in the previous quarter to profitability. However, net profit for the three months fell to 86.9 South Korea’s e-commerce giant Coupang has reported unprecedented quarterly revenue of US$7.9

Net Profit 130

Net Profit Planning Fulfillment Customer Experience 130

Inside Retail

AUGUST 14, 2023

per cent growth, while net profit fell 3.7 The JB advantage JB Hi-Fi Group’s chief executive Terry Smart told analysts and investors that the business has a number of competitive advantages in the market, such as a younger customer base and semi-discretionary items, including phones and laptops, still performing well.

Net Profit 246

Net Profit Marketing Consumer Retail Marketing 246

Retail Gazette

OCTOBER 3, 2024

But while the business, known for its $5 tops and $10 dresses, prepares for its market debut, concerns about its treatment of workers and environmental practices have come under heightened scrutiny. The Shein share offering would provide a much-needed lift to London’s sluggish IPO market.

Fast Fashion 105

Fast Fashion Net Profit Fashion Planning 105

Inside Retail

AUGUST 17, 2021

At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in net profit for the first time,” Mortimer told Inside Retail. “Of per cent to $1.005 billion.

Net Profit 246

Net Profit Supermarket Markdowns Checkout 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 The result, according to CEO John King, is due to the business’ ability to thrive despite the extraordinary market conditions, and a continued focus on its online channel.

Department Stores 246

Department Stores Net Profit Shipping Management 246

Retail Gazette

APRIL 9, 2024

Charlotte Tilbury-owner Puig is looking to raise more than £2.1bn (€2.5bn) through an initial public offering, making it the biggest stock market listing in the beauty sector in years. In 2023, the beauty group reported net revenues of £3.7bn (€4.3bn), up 19%, while net profit rose to £398m (€465m), up 16% on the previous year.

Net Profit 105

Net Profit Accounting Marketing Planning 105

Inside Retail

JULY 5, 2022

Inditex’s other brands, including Zara and Massimo Dutti, however, will remain operating in the market. The withdrawal of the labels from China follows American Eagle Outfitters’ recent move to close its local e-commerce stores in the country, prompting its departure from the market.

Fast Fashion 130

Fast Fashion Net Profit Fashion Apparel 130

Inside Retail

JUNE 26, 2024

Net profit was 6.2 Both gross and net profit margins increased sharply, the latter exactly doubling. Strong numbers Corporate results for the first quarter of 2024 were impressive in an environment where the economy is sputtering, consumers are cash-strapped and a lot of retailers are struggling. billion baht (US $3.0

Payment Services 202

Payment Services Net Profit Beauty and Health Supermarket 202

Inside Retail

JUNE 17, 2022

Humm Group cited current disruptions in financial markets for the termination of the offer, in a statement to the bourse. BNPL firms have seen their market value shrink rapidly as interest rate hikes to tame rising inflation fuelled concerns about a slowdown in consumer finance. Shares of Humm Group fell as much as 11.3

Net Profit 130

Net Profit Finance Consumer Marketing 130