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

Inside Retail

The Chinas department stores report 2024-2025 by HKUST Li & Fung Supply Chain Institute and China Commerce Association for General Merchandise provides a look into how forward-thinking players are redefining their relevance by shifting away from traditional retailing and embracing a more immersive, service-oriented and culture-led approach.

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

. “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 Operating gross profit margin declined to 36.4 per cent to $71.1 per cent to $60.4

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. Take a look at the net profits of most traditional retailers. Think that’s a reach?

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

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 net profit up almost 20% to DKK 9.9 Most retailers in the U.S.

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Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

Sales across the group’s network of businesses, which now include Hype, Platypus, Subtype, Athlete’s Foot, The Trybe, Crèmm, and Pivot, as well as relative newcomers 4Workers , Stylerunner , Next Athleisure and Glue Store , hit $1.14 per cent to $242 million, leading net profit to hit $76.9 billion – a 19.9 million, up 38.6

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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

I can’t wait to get to Australia and New Zealand to meet our team, customers and partners and continue the growth for Puma in the market,” said Pustina. Nicole Hubbard Graham will become the new chief marketing officer, succeeding Dirk-Jan “DJ” van Hameren, who will retire next summer after 31 years with the company.

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CVS exceeds predictions for quarter

Mass Relators

CVS Health reported a net profit of $2.14 Operating income declined 2.8% It also established a pharmacy and consumer wellness segment, which includes its retail and long-term care pharmacy operations, related pharmacy services, and front-store operations. billion, or $1.65 a share, compared with $2.36