Inside Retail

AUGUST 26, 2024

Coles saw its profit slightly grow on the back of higher revenue in the last fiscal year, amid the renewal and opening of new stores. The supermarket chain’s net profit grew 1.8 The post Coles delivers higher net profit amid increase in sales appeared first on Inside Retail Australia. per cent to $1.12

Net Profit 272

Net Profit Supermarket Fulfillment Planning 272

Inside Retail

AUGUST 19, 2024

Retail Food Group swung to a net profit of $5.8 The post Retail Food Group swings to net profit on store outlets expansion appeared first on Inside Retail Australia. million amid an expanding network of store outlets during the past fiscal year. The company’s revenue increased 9.7 per cent to $211.7

Net Profit 278

Net Profit Location Consumer 278

Inside Retail

FEBRUARY 5, 2024

Department store chain Myer expects fiscal first-half sales and net profit to decline year over year amid a challenging trading environment. “Like many retailers, we have had to contend with inflationary pressures and greater promotional cadence, which has an impact on profits.” Online sales account for 21.3

Net Profit 303

Net Profit Department Stores Accounting Promotions 303

Retail Wire

AUGUST 14, 2024

UBS claims revenue growth at its wealth management and investment bank divisions increased net profits.

Net Profit 263

Net Profit Management ATS 263

Inside Retail

AUGUST 26, 2024

Lovisa Holdings booked higher net profit amid a strong trading performance and global expansion in the last fiscal year. The company’s net profit grew 20.9 The jewellery and accessories retailer ended the fiscal year with 900 stores globally after opening a net 128 new stores., per cent to $82.4

Net Profit 147

Net Profit Accessories Marketing ATS 147

Inside Retail

FEBRUARY 26, 2024

Retail drinks and hospitality business Endeavour Group has posted a slight increase in sales for the fiscal first half, but net profit was down as the group previously expected. However, net profit after tax slid 3.6 Group sales for the 27 weeks ended rose 2.5 per cent year on year to $6.7

Net Profit 259

Net Profit Finance Location Management 259

Inside Retail

FEBRUARY 20, 2024

Solid results in the Australian food and B2B business segments drive an increase in first-half sales and net profit for Woolworths Group. The supermarket group’s net profit rose 2.5 The post Woolworths books higher net profit, sales in first half appeared first on Inside Retail Australia.

Net Profit 255

Net Profit Supermarket Department Stores Marketing 255

Inside Retail

AUGUST 30, 2024

Harvey Norman ‘s net profit and revenue fell amid inflationary pressures in the last fiscal year. The furniture and electronics retailer’s profit declined 34.7 The post Harvey Norman’s net profit plunges 34.7 per cent to $187.1 million as revenue slid 3.9 per cent to $4.11 per cent to $971.2

Net Profit 147

Net Profit 147

Inside Retail

SEPTEMBER 19, 2023

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 Sales grew 12.6 per cent to $1.01 per cent to $97.4

Net Profit 264

Net Profit Wholesale Outdoor Returns 264

Inside Retail

AUGUST 21, 2024

The Reject Shop’s net profit declined significantly despite higher sales in the last fiscal year. The discount retailer’s net profit plunged 35.9 “In order to address these challenges, management has been focused on gross profit margin improvement. per cent to $4.7 million while sales grew 4.1

Net Profit 147

Net Profit Shrinkage Shopping Planning 147

Inside Retail

AUGUST 20, 2024

Australian-listed appliance maker Breville Group’s net profit rose 7.5 ” The post Breville’s net profit up; the Americas, EMEA lead growth appeared first on Inside Retail Australia. per cent to $118.5 million in the last fiscal year. The company booked record revenue of $1.53 billion, up 3.5

Net Profit 147

Net Profit Planning Management Marketing 147

Inside Retail

FEBRUARY 25, 2024

Furniture retailer Adairs says its first-half net profit and revenue have fallen, reflecting challenging macroeconomic conditions and lower customer counts in stores. The company’s net profit declined 18.9 The post Adairs books lower net profit as customer count falls appeared first on Inside Retail Australia.

Net Profit 130

Net Profit Management ATS 130

Inside Retail

AUGUST 15, 2023

Vicinity Centres has posted a lower statutory net profit after tax of $271.5 Net profit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 The post Vicinity Centres posts full-year net profit of $271.5

Net Profit 130

Net Profit Management Shopping ATS 130

Retail Wire

SEPTEMBER 17, 2021

Net profit grew to an average of three percent, up from one percent in 2019. FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8 percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic.

Net Profit 130

Net Profit Grocer 130

Inside Retail

NOVEMBER 19, 2024

Nick Scali is at risk of not meeting its first-half net profit guidance for Australia and New Zealand due to delays in the delivery of its products. The delays are adding significant risks to Nick Scali’s capacity to hit its $30 million to $33 million net profit guidance for ANZ.

Net Profit 249

Net Profit ATS Shipping 249

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 27, 2024

The supermarket chain’s net profit before significant items slid 0.6 billion while net profit after significant items plummeted 93.3 Woolworths Group booked lower earnings despite higher sales in the last fiscal year. per cent to $1.71 per cent to $108 million. The group’s sales climbed 5.6 per cent to $67.92

Net Profit 275

Net Profit Markdowns Supermarket ATS 275

Retail Wire

AUGUST 9, 2024

After facing a 48% drop in net profit for the first half 2024, Stellantis is planning to lay off up to 2,450 U.S. plant workers in Warren, Michigan, later this year.

Net Profit 246

Net Profit Planning 246

Inside Retail

AUGUST 11, 2024

The acquisition announcement comes as JB Hi-Fi reports a decline in net profit and sales in the last fiscal year. Its net profit fell 16.4 . “JB Hi-Fi’s deep understanding of the homemaker sector and extensive experience in the appliance industry make it an ideal partner for our business,” said Sinclair.

Net Profit 290

Net Profit Consumer Marketing 290

Inside Retail

OCTOBER 24, 2024

The group expects to report underlying net profit after tax of $132 million to $135 million in the fiscal first half. The results exclude the impact of Alpine Truss and Bianco acquisitions for IHG, which encountered additional margin pressure due to weakness in retail store sales.

Net Profit 259

Net Profit Supermarket 259

Talking Retail

MAY 7, 2021

This story continues at Wimbledon and summer of sport: Net profit. Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. Or just read more coverage at Talking Retail.

Net Profit 52

Net Profit Returns ATS Management 52

Inside Retail

MAY 15, 2024

Skechers said last month that increased sales in the first quarter resulted in a massive increase in net profitability. billion, the company’s net profitability increased by 28.8 The gross profit margin improved to 52.5 per cent, while the gross profit increased by 20.7 With revenues up 12.5

Net Profit 262

Net Profit Outdoor Fashion Accessories 262

Inside Retail

MARCH 27, 2024

Collectible toy retailer Pop Mart says its net profit increased by more than 100 per cent last year. Pop Mart’s adjusted net profit increased by 107.6 per cent last year to US$165 million, while revenue jumped 36.5 per cent to $871.5 The retailer generated $147.47 per cent of its total revenue.

Net Profit 263

Net Profit Location Planning Marketing 263

Inside Retail

SEPTEMBER 26, 2024

billion) and net profit dropped 30 per cent to SEK2.31 H&M Group has booked lower sales in the fiscal third quarter amid cold weather in many key European markets. The fashion retailer’s sales fell 3 per cent to SEK59.01 billion (US$5.82 billion in the three months ended August 31.

Marketing 246

Marketing Net Profit Fashion Shopping 246

Inside Retail

AUGUST 7, 2024

Myer has flagged a drop in profit for this fiscal year, largely due to underperformance at its three specialty brands amid macroeconomic challenges. The department store chain expects net profit after tax of between $50 million and $54 million for FY24, compared to $71.1 million in the prior year.

Net Profit 286

Net Profit Department Stores Management Consumer 286

Inside Retail

AUGUST 27, 2024

However, net profit fell from $88.7 The company has more than 800 stores across Australia and New Zealand along with over 35 online platforms. 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

Net Profit 262

Net Profit Marketing ATS Accessories 262

Inside Retail

SEPTEMBER 13, 2023

” Net profit rose 18.2 Statutory net profit rose 23.3 . “Our online offer is a scale business that returned to growth in the second half and has continued to increase market share throughout FY23.” 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

Inside Retail

AUGUST 19, 2024

Vicinity’s net profit grows 101.5 per cent Meanwhile, Vicinity Centres reported net profit of $547.1 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. million in the last fiscal year, up 101.5

Net Profit 147

Net Profit Kiosk Department Stores Supermarket 147

Inside Retail

JULY 8, 2024

” In the first half, the company’s net profit after tax plunged 15 per cent to $46.9 . “Along with his focus on cultural change, Angus is well placed to drive results in Bapcor’s strategic endeavours and in turn for Bapcor’s shareholders.” million while revenue rose 1.7 per cent to $1.02

Net Profit 267

Net Profit 267

Inside Retail

MAY 5, 2024

Previous story: Endeavour Group’s net profit drops despite top-line growth. Meanwhile, hotel sales rose 1.5 per cent to $487 million during the first quarter. Endeavour noted it is tightly managing its costs of doing business amid persistent inflationary pressures. The post Endeavour Group’s retail sales increase 2.4

Net Profit 286

Net Profit Management 286

Inside Retail

AUGUST 21, 2024

Meanwhile, Super Retail Group’s net profit fell 9 per cent to $240 million. .” The group opened 28 new stores during the period and ended the fiscal year with 11.5 million active club members, representing 77 per cent of total sales.

Net Profit 275

Net Profit 275

Inside Retail

FEBRUARY 26, 2024

Kogan returned to profitability in the fiscal first half, despite lower revenue due to reduced inventory and the company’s focus on platform/software-based subscription revenue. The online retailer swung to a net profit of $8.7 million while revenue slid 9.9 per cent to $248.2 Gross margin stood at 36.1 per cent to $446.6

Returns 261

Returns Net Profit ATS 261

Retail TouchPoints

JUNE 26, 2023

million USD ) in net profits during the next two decades. Earlier in June, JD.com revealed long-term plans to establish three enterprises with more than RMB 1 trillion in revenue ( $1.4 billion USD ) and RMB 70 million ( $9.8

Supermarket 305

Supermarket Net Profit Planning Store Operations 305

Inside Retail

FEBRUARY 26, 2024

billion, post-tax net profit slid 3.6 Supermarket chain Coles booked higher revenue in the fiscal first half, thanks to a sales increase across all segments. However, while group earnings before interest and taxes rose by 0.6 per cent to $1.1 per cent to $594 million. The company’s revenue rose 6.8 per cent year over year to $22.2

Supermarket 264

Supermarket Net Profit ATS 264

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

MAY 16, 2024

Operating profit was US$102.9 per cent, while adjusted net profit increased 27.7 The company opened 217 net new stores during the quarter, raising the store count to 6630, comprising 4034 in Mainland China and 2596 in overseas markets. Revenue generated from mainland China was up 16.2 per cent to US$346.5 million, up 29.1

Net Profit 261

Net Profit Marketing 261

Inside Retail

AUGUST 27, 2024

Furniture retailer Adairs saw its net income plunge during the last fiscal year, with the company citing macroeconomic challenges for the result. The company’s statutory net profit fell 17.8 per cent to $31.1 million as sales declined 4.3 per cent to $594.4 Its Focus on Furniture sales dipped 8.7 per cent to $129.6

Net Profit 147

Net Profit Wholesale Promotions Shopping 147