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Myer’s net profit tumbles as labour, marketing costs increase

Inside Retail

Myer’s net profit declined 18 per cent to $42 million in the first half, reflecting what the company described as an increase in the cost of doing business. “In a year of transition, we remain focused on executing our strategic plans to drive growth and attractive shareholder returns.”

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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 enter FY25 with some momentum on the top line, our new product development (NPD) pipeline continuing to release, new markets outperforming, and our solutions offerings developing,” said Jim Clayton, Breville Group CEO. per cent to $118.5

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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.,

Planning 275
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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Two of the nations major employers, with a combined workforce of 320,000 staff and about a 66 per cent share of the grocery market, Woolworths and Coles endured a 2024 they would no doubt rather forget. billion net profit for the last financial year, with a year-high share price of $19.40 to as low as $29.19

Consumer 246
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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
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Temple & Webster’s $1 billion business plan and “openness to try new things”

Inside Retail

However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. Accumulating no debt and finishing FY24 with $116 million cash on hand, the decline in net profit from $8.3 That will only be done when we feel confident there is no risk to our home market. “We’ve

Planning 262
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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.