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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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Accent Group’s net profit rises amid 42 new store openings

Inside Retail

Accent Group booked higher net profit on the back of 42 new store openings in the fiscal first half. The fashion group’s net profit increased 11.7 per cent in the first seven weeks of the second half, benefitting from students returning to school. per cent from the year-ago period to $47.2 per cent to $844.6

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Accent Group’s net profit plunges 32.9 per cent

Inside Retail

Footwear retailer Accent Group ‘s net profit plunged amid higher sales in the last fiscal year. The company saw net profit dip 32.9 Accent Group ended the fiscal year with 895 stores including websites after opening 93 new stores and closing 19, where the company could not achieve return on investment.

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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

Indeed, 2025s business plan includes piloting large-format stores in such locations. Cutting across each of these segments are Chinese tourists, whose return in bigger numbers to Thailand is giving Moshi Moshi some extra lift. For 2025, the companys business plan is to end the year with about 200 stores. million baht ($3.5

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For Thai retailers CP Axtra and Big C, new stores and fresh food drive growth

Inside Retail

The company hinted quaintly that the slight occupancy decline was due to space being offline due to renovations: Some branches returned leased space for strategic reinvention. Its strategic plan calls for the addition of 80,000 square metres of leasable space in 2025 and 240,000 square metres by 2029. per cent, and net profit was 1.3

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

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 This revenue growth is reportedly due to an increase in both first-time and returning customers. Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. We’re not planning to do any mass cost reduction.

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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 And] our continued strong returning customer rates and growth in new customers provide strong momentum to drive continued growth in FY22 and beyond.”.

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