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Lifestyle, leisure drive record year for Super Retail

Inside Retail

Unprecedented demand in lifestyle and leisure gifted Super Retail Group record sales and earnings in FY21, with net profit doubling during the year to $306.8 Despite continued lockdowns across Australia, Super Retail saw total group sales jump 22 per cent to $3.45 At Supercheap Auto sales increased to $1.31

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Hallenstein Glassons grows through FY21, but limps into FY22

Inside Retail

Fashion house Hallenstein Glassons has delivered a year of growth in a difficult market, with group sales almost 22 per cent up to $333 million and net profit hitting $31.7 million – 20 per cent higher than FY20. Sales in the group’s brands Glassons and Hallenstein Brothers grew throughout the year, 16.88 per cent to $92.7

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Myer CEO John King reveals the reasons behind its record first half

Inside Retail

billion, while net profit after tax grew by 101.4 per cent compared to the first half of FY20, which was unaffected by Covid-19 restrictions, while its market share was up by 28 basis points compared to the six months prior. For the 26 weeks to 28 January 2023, Myer saw total sales growth of 24.2 per cent to almost $1.85

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8 Effective Ways to Increase Profit Margins in Retail

V Count

Being competitive to draw clients while making sure the retail store makes enough money from each sale is how profit margins are managed. Profit is a necessity for all retailers. The ratio between a product’s cost base and its selling price is known as the profit margin. Improve your inventory visibility.

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10 Most Important Ecommerce KPIs to Measure in 2023

Retalon

Ecommerce continues to rapidly gain market share year after year. signals potential issues with inventory management and product mix. Why It Matters Tracking GMROI allows retailers to identify negative trends and optimize inventory to maximize gross margins. This leads to profitable growth over the long term.