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

Inside Retail

Department store chain Myer delivered its highest full-year sales since 2005 this year but remains cautious as consumer spending declines due to unfavourable economic conditions. per cent of total sales – and a 10 per cent increase in productivity gains at physical stores. ” Net profit rose 18.2 per cent.

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Retail appointments of the week: Puma, Nike, Tory Burch

Inside Retail

I can’t wait to get to Australia and New Zealand to meet our team, customers and partners and continue the growth for Puma in the market,” said Pustina. Nicole Hubbard Graham will become the new chief marketing officer, succeeding Dirk-Jan “DJ” van Hameren, who will retire next summer after 31 years with the company.

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

Retail TouchPoints

Traditional retailers are sitting on a powerful competitive weapon, and they’ll continue to operate less efficiently, lose market share and leave millions in new revenue streams and profits on the table unless they pull the trigger. The Profit’s In The Data. Take a look at the net profits of most traditional retailers.

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

Retail TouchPoints

We are thrilled to be taking the reins of the world’s leading toy brand at a time when the category is up 16% and consumer demand for toys is at an all-time high. The toy market certainly had a very good pandemic, with families at home and keen to keep themselves and their children busy. Tesco in the UK and Carrefour in Europe.

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CVS exceeds predictions for quarter

Mass Relators

CVS Health reported a net profit of $2.14 Operating income declined 2.8% The decline in operating income was partially offset by the absence of a $484 million opioid litigation charge recorded in the prior year. The post CVS exceeds predictions for quarter appeared first on MMR: Mass Market Retailers.

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CVS Health’s Q1 results beat forecasts

Mass Relators

CVS reported a net profit for the quarter of $2.14 Operating income decreased 2.8% primarily due to the write-down of the Omnicare long-term care business, a decrease in adjusted operating income and an increase in acquisition-related transaction and integration costs compared to the prior year. billion, or $1.65