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Universal Store Holdings names George Do divisional CEO, net profit dips

Inside Retail

Universal Store Holdings has appointed George Do in the newly created role of Universal Store and Perfect Stranger divisional CEO, effective March 1, after suffering a steep net profit decline in the first half. The new appointment comes after the group posted a net profit of $11.3 per cent, which included a $13.6

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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 Sales grew 12.6 per cent to $1.01 per cent to $97.4

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

Inside Retail

CP Axtra, the awkwardly-named parent company of Thailands familiar Makro and Lotuss stores and the countrys largest wholesale-retail conglomerate, reported a strong set of results for the fourth quarter of 2024 and for the whole year. Wholesale sales under Makros four different banners grew by 4.7 per cent, and net profit was 1.3

Wholesale 130
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Woolworths and Coles drew consumer ire for cost-of-living pressures in 2024

Inside Retail

billion net profit for the last financial year, with a year-high share price of $19.40 Pricing strategies, including the potential use of false or misleading was/now pricing and special promotions, and the relationship between retail prices and wholesale and farmgate prices, are being considered by the ACCC. to as low as $29.19

Consumer 246
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Moshi Moshi eyes expansion beyond Thailand, targets 200 stores by 2025

Inside Retail

However, better control of selling and administrative expenses helped deliver an increase in net profit for the quarter of 108.1 Net profit for the first nine months of the year is up 24 per cent. million baht ($3.5 million), up a shade under 30 per cent from the third quarter in 2023.

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Accent Group’s sales remain weak in first 19 weeks of FY24

Inside Retail

Wholesale sales have been more challenging, reflecting softer demand from other retailers,” said Accent Group CEO Daniel Agostinelli. per cent, and a net profit of $88.7 The company said that its owned retail sales went up 2.1 per cent while like-for-like sales declined 2 per cent. billion, up 26.3 million, surging 181.8