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Adore Beauty rights ship in FY21 with revenue, customer and profit growth

Inside Retail

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 The post Adore Beauty rights ship in FY21 with revenue, customer and profit growth appeared first on Inside Retail.

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

Inside Retail

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

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Myer bounces back to profitability, names new chair

Inside Retail

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.

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Nick Scali confirms it’s looking to buy Plush Sofas

Inside Retail

As previously communicated to the market, the Company actively considers acquisitive growth opportunities from time-to-time having regard to the strategic rationale, available synergies, financial impact and the long-term value created for Nick Scali shareholders,” Nick Scali said in a letter to shareholders. million from $20.3

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Baby Bunting marks record sales, begins New Zealand foray

Inside Retail

million (with same-store sales up by 5 per cent) while statutory net profit 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

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Vinted posts first profit as CEO points to ‘huge potential’

Retail Gazette

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 net profit of €18m last year versus a loss of €20m in 2022. Sales surged 61% year on year to reach €596.3m.

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How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

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.

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