article thumbnail

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

article thumbnail

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 per cent to pre-Covid levels at $900.2 Net property income increased 12.1

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vicinity Centres posts highest occupancy rate since 2019

Inside Retail

per cent as of June 30 last year and 98 per cent at the peak of the pandemic (December 2020). Statutory net profit after tax rose to $223.5 During the six months, Vicinity entered into contracts for asset sales to fully fund the acquisition of the remaining 49 per cent of Chatswood Chase Sydney shopping mall. “1H

article thumbnail

Super Retail reports record first half despite dip in Rebel sales

Inside Retail

billion while net profit is estimated to be between $200 million and $203 million during the six months ended December 30, based on preliminary data. Like-for-like sales growth was at 1 per cent. The group’s revenue went up 3 per cent year over year to $2.02

article thumbnail

Analysis: a perfect retail storm is brewing

Inside Retail

Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.

article thumbnail

Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

Coles’ Smarter Selling strategy is paying off for the Australian supermarket giant, with approximately $300 million in extra savings in the bank at the end of FY21. At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 per cent on 2020. “Of

article thumbnail

SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S., SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. where monthly active users of Temu surpassed SHEIN for the first time in April 2023, according to Sensor Tower.

Planning 222