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What’s driving the transformation of China’s department stores?

Inside Retail

Slower revenue growth, shrinking profit margins, and a dwindling share in the national retail economy have pushed many operators to re-evaluate their strategies. Several legacy stores have closed or been absorbed into larger retail groups.

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Myer sees elevated annual sales, but is cautious amid economic headwinds

Inside Retail

Net profit rose 18.2 Statutory net profit rose 23.3 million, including the closure costs of the Altona and Richlands distribution centres and the Brisbane store. Operating gross profit margin declined to 36.4 per cent to $71.1 million for the 12 months to July 29, the highest since 2015.

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Reports: JD.com to Spin Off Grocery Unit Centered on 7Fresh Supermarket Chain

Retail TouchPoints

million USD ) in net profits during the next two decades. Earlier in June, JD.com revealed long-term plans to establish three enterprises with more than RMB 1 trillion in revenue ( $1.4 billion USD ) and RMB 70 million ( $9.8

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Myer sales surge in a buoyant post-Covid era

Inside Retail

Comparisons of the latest trading half against a year earlier are of little relevance given the impact of enforced store closures during much of the first quarter.

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To Thrive in the New Global Ecommerce Marketplace, Toys ‘R’ Us may Need to Think Small

Retail TouchPoints

Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 million for its FY 2020, compared to a loss of more than $200 million the previous year. It credited strategic investments, such as those that went into developing an omnichannel retail ecosystem.

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Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

Sales across the group’s network of businesses, which now include Hype, Platypus, Subtype, Athlete’s Foot, The Trybe, Crèmm, and Pivot, as well as relative newcomers 4Workers , Stylerunner , Next Athleisure and Glue Store , hit $1.14 per cent to $242 million, leading net profit to hit $76.9 billion – a 19.9 million, up 38.6

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Data Capital: The Competitive Weapon Most Retailers Have Yet To Fully Monetize

Retail TouchPoints

Take a look at the net profits of most traditional retailers. When enriched and refined, data that traditional retailers have right now — even in rudimentary forms such as transactional information — could actually be collectively worth more than the goods they’re selling. Think that’s a reach?