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Kathmandu parent KMD Brands sees sales, net profit increase

Inside Retail

Outdoor apparel retailer KMD Brands has witnessed an increase in sales and net profit in FY23 on the back of improved performance across all its businesses – with the Rip Curl and Oboz brands achieving record sales. million and net profit after tax jumping 8.6 Gross profit increased 13 per cent to $599.7

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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 $1.45 Group sales increased 3.7 per cent to $35.93 billion. .”

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The Reject Shop’s net profit plunges amid rising costs, shrinkage

Inside Retail

The Reject Shop’s net profit declined significantly despite higher sales in the last fiscal year. The discount retailer’s net profit plunged 35.9 “In order to address these challenges, management has been focused on gross profit margin improvement. . per cent to $4.7 per cent to $852.7

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Klarna Takes Another Step Toward IPO as it Showcases Profitability and New Walmart BNPL Deal

Retail TouchPoints

In the filing, Klarna did reveal some of its financial results for 2024, including its $21 million in net profit. However, the buy now, pay later (BNPL) company still has not revealed how many shares it plans to sell, their price range or when the IPO will take place. The Sweden-based company, which has operated in the U.S. associates.

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Vicinity Centres posts full-year net profit of $271.5 million

Inside Retail

Vicinity Centres has posted a lower statutory net profit after tax of $271.5 Net profit after tax fell from last year’s $1.2152 billion, largely driven by a non-cash reduction in asset valuations. Net property income increased 12.1 The post Vicinity Centres posts full-year net profit of $271.5

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

Inside Retail

per cent, and net profit was 1.3 Big C has delivered net profit of 4.0 It ended the quarter with more than 1800 stores, including 155 hypermarkets, plus supermarkets, convenience stores, pharmacies, bookstores and coffee shops. In the fourth quarter, Big Cs sales increased by 3.2 Gross margin improved to 19.4

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Analysis: Coles, Woolies’ shrinking product ranges are all about the bottom line

Inside Retail

When we reduce complexity, that drives efficiency for us as a business, but it actually also makes it easier for the customer to shop, she added. “More customers looking for specials, opting into own-brand, and more customers opting to cross-shop across a number of different retailers. per cent to $1.45