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Nick Scali at risk of missing profit guidance due to container shipment delay

Inside Retail

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 court orders to the shipping lines have been granted and Nick Scali is now working to have the containers delivered to its distribution centres.

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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.

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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 Furniture retailer Nick Scali posted a 15.1 per cent increase in revenue and 26.1 The group reported FY23 revenue of $507.7 Gross margin improved 2.5

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

We expect to see the benefits of lower product and shipping costs begin to flow through in the first half of the next financial year and we will remain focussed on tightly controlling our cost base to preserve profitability.”

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JB Hi-Fi predicts record year, though lockdown hurts fourth quarter

Inside Retail

per cent to $743 million and net profit reached $506 million – a 67.4 Outgoing JB Hi-Fi chief executive Richard Murray, who will jump ship to lead Premier Investments in August , put the group’s success down to its continued focus on the customer, as well as ongoing investments in its online business and supply chain.

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

Inside Retail

Even after significant investments in these areas, Temple & Webster has a positive profit and revenue growth trajectory. Accumulating no debt and finishing FY24 with $116 million cash on hand, the decline in net profit from $8.3 million in FY23 to $1.8 million in FY24 is not likely to trip up the company’s CEO Mark Coulter.

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Best & Less like-for-like sales slump, profit outlook lowered

Inside Retail

To “right-size” the business’ cost base, other expense management initiatives have been implemented however the full benefit of these actions and lower product and shipping costs will not be seen until later this calendar year, it said. million and $4.2