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JB Hi-Fi predicts record year, though lockdown hurts fourth quarter

Inside Retail

per cent to $743 million and net profit reached $506 million – a 67.4 Outgoing JB Hi-Fi chief executive Richard Murray, who will jump ship to lead Premier Investments in August , put the group’s success down to its continued focus on the customer, as well as ongoing investments in its online business and supply chain.

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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 A Baby Bunting Marketplace is expected to launch in the second half of the next financial year which will sell a range of third-party products and first-party drop ship sales. per cent to $507.3

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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. Temple & Webster recorded $396 million in revenue in FY23, down from $426.3 million in the year prior. million, down from $12 million in FY22. million were down compared to $16.2

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

Inside Retail

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 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 to $39.2