article thumbnail

Baby Bunting marks record sales, begins New Zealand foray

Inside Retail

million (with same-store sales up by 5 per cent) while statutory net profit attributable to shareholders rose 14.6 “We continued to grow our market share at the same time as we delivered very strong gross profit growth. The baby goods retailer says sales grew 8.3 per cent to $507.3 per cent to $19.5 million. “Our

article thumbnail

How Temple & Webster plans to use AI, private labels to reach $1b in sales

Inside Retail

Meanwhile, its net profit fell by over 30 per cent to $8.3 About 70 per cent of what we sell is drop-ship, so there’s no inventory. This is especially the case for businesses operating at a smaller scale, which might not have the financial capacity to weather economic headwinds. million in the year prior.

Planning 246
article thumbnail

Woolworths declares $2bn share buyback as profit hits $2.07bn

Inside Retail

Woolworths has announced a $2 billion share buyback following the demerger of its drinks business Endeavour Group and a strong year at the supermarket checkouts. per cent lift in net profit to $2.07 billion, impacted by low market growth in the first half and the restrictive lockdown in H2, and EBIT dropped 4.6