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Lovisa’s 43 net new store openings pull net profit up

Inside Retail

Lovisa’s net profit increased in the first half after the opening of 43 new stores worldwide. The jewellery and accessories retailer’s profit grew 6.5 The company said its continued focus on pricing and promotion management helped expand gross margin to 82.4 Last fiscal year, Lovisa’s net profit grew 20.9

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Myer expects lower sales, net profit amid challenging trading conditions

Inside Retail

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

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Kogan reports first-half growth fuelled by strong holiday sales

Inside Retail

A strategic decision to invest incremental profitability in marketing and promotional activity from November helped the company to achieve accelerated topline growth, the company elaborated. In the last fiscal year, Kogan swung to a net profit of $83,000 despite a 6.1 per cent decrease in revenue.

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Adore Beauty’s trading profit doubles on small sales increase

Inside Retail

However, its net profit attributable to shareholders declined 36.6 “We remain focused on continued expansion of gross margins through growth of our owned brands, further growth of retail media, refined promotional cadence and disciplined inventory management,” said Sacha Laing, Adore Beauty CEO. Sales rose 2.3

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Woolworths profit falls 20.6 per cent amid strikes, changing consumer habits

Inside Retail

Woolworths Group booked lower profit in the first half, attributed to the 17-day industrial action impacting its supermarket business last December and a trend of customers seeking more value when shopping. The group’s net profit fell 20.6 per cent to $739 million after earnings before interest and taxes (EBIT) slid 14.2

Consumer 243
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Super Retail’s profit declines as inflationary pressures necessitate discounting

Inside Retail

Super Retail Group’s net profit fell in the fiscal first half amid inflationary pressures affecting the cost of doing business. The group’s statutory net profit declined 9 per cent to $130 million despite sales increasing 4 per cent to $2.11

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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

Woolworths fared the worst of the two, starting 2024 with a controversial decision not to promote Australia Day merchandise and ending the year with a distribution centre employee strike costing tens of millions of dollars and ravaging supermarket shelves. billion that cut net earnings to just $108 million. to as low as $29.19

Consumer 246