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

Inside Retail

However, Temple & Webster plans to join the club by investing in technology to scale and gain a competitive advantage. Even after significant investments in these areas, Temple & Webster has a positive profit and revenue growth trajectory. Becoming a billion-dollar business is no easy feat , just ask Kylie Jenner or Rhianna.

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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.

Shipping 246
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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 Temple & Webster also has plans to achieve $1 billion in annual sales within the next three to five years. It plans to increase its brand spend in the upcoming financial year. About 70 per cent of what we sell is drop-ship, so there’s no inventory.

Planning 246
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Nick Scali logs full year double-digit growth in revenue, profit

Inside Retail

per cent growth in net profit after tax for the year ended June 30 – a success it attributes to smart logistics management. million, while net profit after tax reached $101.1 It plans to open three new Plush locations and one Nick Scali venue in the first half of FY24. Furniture retailer Nick Scali posted a 15.1

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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 The same day the retailer announced its results, it opened its first store in New Zealand, at Auckland, and said it plans a second store in Christchurch during the next financial year. per cent to $507.3

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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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Coles signals FY23 to be a year of investment and inflation

Inside Retail

The business unveiled its FY22 performance on Wednesday morning, and said sales and earnings remained flat on a year prior and net profit edged 4.3 Our strategic plans have adapted to meet the significantly higher e-commerce sales that we have now, [compared to] 2019,” Cain explained. per cent higher to $1.04