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Nick Scali’s net profit plunges amid Fabb Furniture acquisition

Inside Retail

million, which Nick Scali said reflects the previous year benefiting from increased deliveries with lead times returning to pre-Covid levels. million to group operating expenses in the fiscal second half. Furniture retailer Nick Scali’s net profit plunged 20.3 per cent year over year to $80.6 Revenue fell 7.8

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Destination XL Taps $17.5 Million Loan to Fuel Liquidity After Difficult Fiscal 2020

Retail TouchPoints

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Efforts include adjusting its product assortment, negotiating relief in occupancy costs and restructuring its operating expenses.

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Milkrun seeks investment as a perfect economic storm hits instant delivery

Inside Retail

That reticence was backdropped by significant operating costs at Milkrun, which eschews the independent contractor model and uses employees to deliver groceries. At the same time, the return of in-person shopping after Covid-19 restrictions bit into the sector’s lockdown-era market share.

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Ancora Holdings Calls for New Kohl’s CEO and Chairperson Following Rejected Acquisition Offers

Retail TouchPoints

Unfortunately, the facts indicate Kohl’s lacks the right leadership for the exceedingly challenging period ahead — one that will require the Company to reverse high-single-digit sales declines, contain capital expenditures and operating expenses, and immediately optimize fulfillment, marketing and merchandising.”.

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Moving Supply Chains Closer to Consumers Provides Opportunity to Accelerate a Green Commerce Revolution

Retail TouchPoints

Increased flexibility, access to larger workforces and reduced operational expenses are just three of the most commonly cited reasons why tens of thousands of North American and European organizations have moved significant business operations overseas. Moving Supply Chains Closer to Consumers: A Case Beyond Economics.

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Big Lots Files for Bankruptcy to Facilitate Sale

Retail TouchPoints

“The actions we are taking today will enable us to move forward with new owners who believe in our business and provide financial stability, while we optimize our operational footprint, accelerate improvement in our performance and deliver on our promise to be the leader in extreme value,” Thorn added. ”

Finance 259
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Target, Macy’s and Dollar Tree Prep for a Tough Year Despite Holiday Success

Retail TouchPoints

Dollar Tree’s outlook includes about $430 million in operating expenses across a number of investments, including plans to increase average wages by $2 per hour. “We

Markdowns 311