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Myer’s netprofit 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.”
Australian-listed appliance maker Breville Group’s netprofit 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
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.,
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 netprofit for the last financial year, with a year-high share price of $19.40 to as low as $29.19
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 netprofit after tax of $177.2 million for the first half of FY24, while EBIT reached $209.8
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 netprofit from $8.3 That will only be done when we feel confident there is no risk to our home market. “We’ve
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 netprofit. The Sweden-based company, which has operated in the U.S.
Collectible toy retailer Pop Mart says its netprofit 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.
Rituals is set to double down on its growth plans after topping 2bn (1.77bn) in sales for the first time in its 25-year history. As part of its expansion strategy, Rituals plans to open 240 new stores globally in 2025, including significant growth in the UK and Ireland. Sales in these markets rose by 39% to 172m (148.6m) in 2024.
Online furniture and homewares retailer Temple & Webster has partially recovered from the significant losses that occurred during the first half of the 2023 financial year, and is focusing on its private labels, AI technology and value proposition to drive growth and market share over the next three to five years.
Indeed, 2025s business plan includes piloting large-format stores in such locations. For 2025, the companys business plan is to end the year with about 200 stores. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1 per cent, a decline from 53.1
Market struggles Chinas department-store sector has long been a foundational part of the countrys commercial infrastructure, but in recent years, it has been under mounting pressure. Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies.
Netprofit 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
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.
Retailer Baby Bunting Group has reported strong revenue growth in the first half on the back of market-share gains. Netprofit after tax was $8.1 In a results presentation, Baby Bunting’s CEO and MD, Matt Spencer indicated the company has plans to enter the New Zealand market with 10 stores. million, up by 12.2
Kohl’s dedication to supporting brands that “offer a purpose beyond profits” will extend to its overall back-to-school selection, which features brands including: Ivory Ella , which donates 10% of all netprofits to organizations like Save the Elephants; Yoobi , a brand that donates a school supply item to a child in need in the U.S.
Noni B appeared to fare better under Alceon and Scott Evans who was appointed as CEO following the on-market takeover, but its financial results were flattered by the 2017 acquisition of the Pretty Girl Group and the 2018 purchase of five retail chains from Specialty Fashion Group. million and net earnings to a modest $3.3
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.
Those that didnt were usually being temporarily disrupted while upgrades were carried out under the companys asset enhancement plan. billion) and the netprofit of 16.7 The company said most, but not all, of the malls in its portfolio experienced record levels of foot traffic and revenues. billion Thai baht ($1.6
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 netprofit to $2.38 Catch’s earnings were also impacted by investments in technology, marketing and fulfilment capabilities to support further growth.
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 netprofit after tax rose to $46.4 Myer reported $539.5
After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with netprofit up 55 per cent and its first dividend payment since FY17. We know the program is a highly valuable differentiator in the market.”.
I’m [coming in] because I want to listen to the team, and add my value to that plan going forward,” he said. “I million, while its netprofit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 He added that King and the team have brought Myer back to life.
Group netprofit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 Donohue noted that the group sees an opportunity to better personalise its marketing content for its growing loyal customer base: with the ‘My Dan’ loyalty program jumping 15 per cent to over 4.5
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
The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with netprofit up almost 20% to DKK 9.9 The Toy Store of the Future. Most retailers in the U.S.
The annual average expansion clip is over 700 stores and it plans for the same pace of openings this year in Thailand, along with nearly 50 units in neighbouring Laos and Cambodia, countries for which CP-All also has the exclusive 7-Eleven license. Netprofit was 6.2 The convenience store business raked in 105.9
million (with same-store sales up by 5 per cent) while statutory netprofit attributable to shareholders rose 14.6 “We continued to grow our market share at the same time as we delivered very strong gross profit growth. The baby goods retailer says sales grew 8.3 per cent to $507.3 per cent to $19.5
Shein is preparing to start early, informal investor meetings in the coming weeks for its planned London initial public offering (IPO), as the fast fashion giant steams ahead with preparations as it awaits UK regulatory approval. The Shein share offering would provide a much-needed lift to London’s sluggish IPO market.
In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its netprofit nearly seven-fold to US$1.5 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.
per cent to $242 million, leading netprofit to hit $76.9 per cent), the business continues to plan for growth. The business sees opportunities to grow Glue Store, as well as the Stylerunner and Exie brands, into New Zealand and other markets in the coming years. billion – a 19.9 per cent jump on a Covid-19 impacted FY20.
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 netprofit rose to £398m (€465m), up 16% on the previous year.
The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Netprofit for the first half was up 6.6 Netprofit was 1.6 These results have not deterred the company from its expansion plans. billion baht.
This year, Central plans to open four new home-improvement stores, 10 supermarkets/food halls and four Go Wholesale warehouses in Thailand, plus two Go! billion baht, and netprofit by 1.3 It now has 10 units in operation and by the end of 2025 will have 14 if all goes according to plan. hypermarkets and three Mini Go!
The increased cost of freight and raw materials are driving up prices at Rip Curl and Oboz, where consumers in some markets could soon pay more for items such as wetsuits and hiking boots than they did a few months ago. Sales were virtually flat at NZ$407.3 million compared to NZ$410.7 million the previous year.
But he believes that the company’s impressive sales growth is set to continue as it emphasises the initiatives that underline its ‘Customer First Plan.’ billion, while netprofit after tax grew by 101.4 For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85 per cent, to $65 million.
Myer floated on the Australian Securities Exchange in 2009 with a market capitalisation of $2.4 The $56 million operating profit for the first half of the current financial year followed a 15 per cent reduction in costs, which included the rent reductions and floorspace sacrifice, as well as government support.
The company’s goals include establishing three enterprises that generate over RMB 1 trillion in revenue and RMB 70 billion in netprofits, having five enterprises that rank on the Fortune Global 500 list, and bringing seven publicly listed companies to obtain a market value of RMB 100 billion.
In a recent report, Seoul-headquartered consultancy Samjong KPMG estimated that Korea’s luxury goods market expanded by almost 30% in 2021, to US$5.8 enjoyed an increase in netprofit of nearly 400 percent. The company plans to invest 20 trillion won (US$14.4 Online sales rose by 12.2 The parent company, Shinsegae Inc.,
Hosted in partnership with the Valdosta-Lowndes Chamber of Commerce and the Black Business Alliance, the program is funded through the American Rescue Plan Act. The state’s Forest Recovery Initiative is part of the Maine Jobs & Recovery Plan. Applications are available now, and must be submitted by October 17.
Netprofit increased by 6.3 The company plans to open another nine by the end of this year. Its after-tax profit was likewise savaged, falling 5.4 The other biggie in the DIY market is Roi Et-based Siam Global House, whose store fleet is more concentrated than its competitors in the company’s native northeast of Thailand.
Vinted, the online marketplace for secondhand fashion, has made a profit for the first time following a “strong” year of growth. The Lithuanian business made a netprofit of €18m last year versus a loss of €20m in 2022. Sales surged 61% year on year to reach €596.3m.
When Chinese collectables retailer Pop Mart launched a pop-up store at London Westfield in January of last year to test its concept in the UK, it expected the Asian diaspora to be its largest potential market demographic. We initially assumed it might not be easy to enter the UK market. The merchandise and the market.
Notably, this initiative was not directed at executive staff, but rather the people interacting with customers daily, and the brand has plans to proliferate it to other employees. Also the company returned to a netprofit, of A$36.8 million net loss in the prior corresponding period. million, up from a $2.3
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