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Myer’s netprofit 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.”
Accent Group booked higher netprofit on the back of 42 new store openings in the fiscal first half. The fashion group’s netprofit 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
Footwear retailer Accent Group ‘s netprofit plunged amid higher sales in the last fiscal year. The company saw netprofit 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.
Furniture retailer Nick Scali’s netprofit plunged 20.3 million, which Nick Scali said reflects the previous year benefiting from increased deliveries with lead times returning to pre-Covid levels. The post Nick Scali’s netprofit plunges amid Fabb Furniture acquisition appeared first on Inside Retail Australia.
Outdoor apparel retailer KMD Brands has witnessed an increase in sales and netprofit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and netprofit after tax jumping 8.6 Gross profit increased 13 per cent to $599.7
Kogan has returned to strong top-line growth in the fiscal first half, which was fuelled by solid holiday sales. On the bottom line, gross profit rose 18.3 In the last fiscal year, Kogan swung to a netprofit of $83,000 despite a 6.1 The company reported gross sales of $492.5 million during the July-December period, a 10.3
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 netprofit fell 20.6 per cent to $739 million after earnings before interest and taxes (EBIT) slid 14.2
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 netprofit of $8.7 million while revenue slid 9.9 per cent to $248.2 Gross margin stood at 36.1
Gross profit grew 18.3 Attributable netprofit grew 19 per cent to $10.3 “Having returned the company to profitability in FY24, I’m pleased to report today that we have built on that momentum and returned the business to strong sales growth in 1HFY25,” said Kogan. percentage points to 38.9
Myer saw a decline in netprofit 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 netprofit fell 26 per cent to $52.6 million as sales dipped 2.9 per cent to $3.27 per cent of total sales.
. “Our multi-channel offer is a key strength of these results as we capitalised on customers returning to stores after closures in the prior year, underpinned by our leading customer loyalty proposition in Myer One,” said John King, CEO. ” Netprofit rose 18.2 ” Netprofit rose 18.2
The online retailer’s netprofit attributable to shareholders was $21 million, a significant turnaround from a loss of $4.3 “Our business returned to a position of profitability and strength, having navigated through the previous two and a half years of turbulence,” said Ruslan Kogan, CEO and founder.
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. per cent, and netprofit was 1.3 Big C has delivered netprofit of 4.0 Occupancy was down a fraction but still well above 90 per cent.
Cutting across each of these segments are Chinese tourists, whose return in bigger numbers to Thailand is giving Moshi Moshi some extra lift. However, better control of selling and administrative expenses helped deliver an increase in netprofit for the quarter of 108.1 per cent, a decline from 53.1 million baht ($3.5
Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a netprofit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.
Netprofit 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.”.
million as children returned to schools after closures during the pandemic. Meanwhile, Premier Investments’ statutory netprofit after tax fell 4.9 Gross profit grew 5.4 Premier Investments said that its Peter Alexander brand witnessed an 11.8 per cent sales increase to $478.9 Smiggle’s sales jumped 22.4
Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a netprofit figure of $2.7 The post Mosaic Brands looks at raising capital following return to profitability appeared first on Inside Retail. million – 101 per cent up on last year – despite revenue falling 3.8
Kohl’s dedication to supporting brands that “offer a purpose beyond profits” will extend to its overall back-to-school selection, which features brands including: Ivory Ella , which donates 10% of all netprofits to organizations like Save the Elephants; Yoobi , a brand that donates a school supply item to a child in need in the U.S.
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. A recent rebrand, however, has delivered some return to form according to the group. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1
Even now, overall foot traffic across the portfolio has not quite returned to pre-Covid levels, but its getting close. billion) and the netprofit of 16.7 Four malls are getting a facelift, two of them to be completed by mid-2025 and two in the first half of 2026. billion Thai baht ($1.6 billion baht ($506.9
The group ended the year with a underlying netprofit of $64 million – more than double what was achieved during FY20. A recent rebrand, however, has delivered some return to form according to the group. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1
On Thursday morning Myer released its unaudited trading update – something requested last week by Lew – and said it expects to return to “second half” profitability for the first time since FY17. Total sales for the FY21 year are expected to land at $2.6 million, up 5.5 per cent to $539 million.
The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw netprofit after tax rise by 6.5 These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning.
Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. This story continues at Wimbledon and summer of sport: Netprofit. Or just read more coverage at Talking Retail.
Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first netprofit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy netprofit of $83.4 million for the same period a year prior.
million, while its netprofit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 It’s gaining momentum and it’s enabled us to return to dividends for shareholders.”. It achieved total sales growth in FY22 of 12.5 per cent increase in sales.
Meanwhile, its netprofit 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. It recently appointed a chief marketing officer, and is seeing a 200 per cent return on its marketing investment. million in the year prior.
million while netprofit attributable to shareholders fell 74.4 He added earnings improvement in FY24 relied on rebuilding customer frequency and order volumes along with new products increasing orders from new and returning customers. Group revenue rose 3.4 per cent to $2.4 billion with total food sales up by a meagre 2.2
Equally important to optimising a retailer’s return on range, is correctly allocating category space. When you translate that margin gain for a retailer that might currently be making a netprofit of 2 or 3 per cent, it can translate into really substantial profit growth over a relatively short period of time,” says Moore.
Even places like Brisbane and Adelaide [that aren’t in lockdown] haven’t seen CBD foot traffic numbers return to pre-Covid levels,” Mortimer told Inside Retail. “If It also posted its biggest profit since FY17, with netprofit after tax excluding implementation costs and individually significant items rising to $51.7
Williams since Tattarang, the private investment company owned by mining magnates Andrew and Nicola Forrest, acquired the business from L Catterton in 2020, returning the bootmaker to full Australian ownership for the first time since 2013. Also the company returned to a netprofit, of A$36.8 million, up from a $2.3
Group netprofit rose 11 per cent to $495 million compared to a year prior, as did earnings per share which rose to 27.6 The first seven weeks of FY23 have been relatively strong, with a return to a normal pattern of trade in retail and a continued recovery in Endeavour Group’s hotels division. cents per share.
Where revenues went, profits followed. Those same 20 companies made a netprofit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a netprofit of US$21.3 billion, an increase of US$50.7 billion on 2019. billion on revenues of US$386.1
Netprofit after tax was up more than 40 per cent to $2.4 But e-commerce is still a long way from fully offsetting bricks-and-mortar sales, as can be seen in the sales figures from Wesfarmers’ first seven weeks of trading in FY22, when half of Australia and all of New Zealand returned to lockdown.
And while netprofit was slightly down from FY22, this still resulted in more than $1 billion being added to the business. The concern, according to some analysts, is that a higher inflation rate could end up ‘embedded’ into the economy, but Weckert said she expects overall prices to return to a lower base.
This growth has been driven by the strength of our multi-channel offering, as customers have returned to stores after [the pandemic], and bolstered by our leading brand and loyalty proposition through Myer One,” King told analysts and investors on Thursday. billion, with $71 million in netprofit, up 18 per cent year on year.
The scorn has come from shopping centre owners, retailers, politicians and others, due to Premier Retail’s refusal to return any of the JobKeeper support payments it received and rent concessions it extracted on its way to $188.2 million netprofit from $784.6 million in global sales. million.
billion, while netprofit after tax grew by 101.4 They include the refurbishment of its store network, the rollout of its national distribution centre , and the relaunch of Country Road Group in July this year. For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85 per cent, to $65 million.
Myer’s netprofit of $42.9 Myer has kept out of the headlines in the past year but continues to struggle, and in the first half of the current financial year, achieved online sales growth of 71 per cent. In September last year, major Myer shareholder Solomon Lew declared that the retailer was headed for administration.
With the pandemic fading in the rearview mirror, inflation becoming more subdued and consumer confidence returning, the home improvement sector is heating up along with Thailand’s summer weather. Netprofit came in at 1.6 In the first quarter of this year, total revenues for HomePro increased by 9.5 Revenues were 17.2
Gross and netprofit Gross profit is the amount of money you have left after deducting the cost of goods sold from revenue. Your netprofit, on the other hand, reflects the amount of money you have left after having paid all your allowable business expenses — including administrative and operating costs.
GMROI – Gross Margin Return on Inventory Investment Definition GMROI measures how efficient and profitable you are at turning your inventory into gross profit. It provides insight into which products generate the highest return on investment. Shoot for positive return on CAC by having CLV exceed the costs.
The ratio between a product’s cost base and its selling price is known as the profit margin. Additionally, to evaluate the overall health of the retail store, however, one looks at the netprofit margin. Increase Retail Profit Margin With These 8 Ways. Are they generating a good return on investment?
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