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Oroton trebles profit after rigorous cost-control measures

Inside Retail

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

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Wimbledon and summer of sport: Net profit

Talking Retail

Wimbledon is one of the stars of the season and will return this year after being cancelled in 2020 because of Covid-19. This story continues at Wimbledon and summer of sport: Net profit. Or just read more coverage at Talking Retail.

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How merging data analytics and retail management can drive business value

Inside Retail

A lot of category managers tend to think about the range they have, but not the combination of range and store. Equally important to optimising a retailer’s return on range, is correctly allocating category space. The post How merging data analytics and retail management can drive business value appeared first on Inside Retail.

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Why Premier Investments is “well-placed” to meet economic pressures

Inside Retail

Group chairman Solomon Lew has commended Premier Investment’s strong half year results, attributing standout performances to careful management and execution. These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning. per cent compared to the first half of FY2022, to $174.3

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Health Brand Jocko Fuel’s Amazon Success Formula: ‘Fight AI with AI’

Retail TouchPoints

Advertising is now crucially important to success on Amazon , but managing the ins and outs of approving and running the right ads in the right places manually is a Herculean task. How I’ve looked at ecommerce businesses throughout the years was always based off ROAS, return on advertising spend,” explained Masciantonio. “[But]

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New board member and DJs update: Here are the key takeaways from Myer’s AGM

Inside Retail

Former Myer managing director Terry McCartney has joined the department store’s board as a non-executive director. Myer chairman JoAnne Stephenson said that it acknowledged the deep experience and expertise of McCartney, and that conflicts of interest, actual or perceived, could be managed within its policies.

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Lew hits back at hints of capital raising at Myer

Inside Retail

On Thursday morning Myer released its unaudited trading update – something requested last week by Lew – and said it expects to return to “second half” profitability for the first time since FY17. Total sales for the FY21 year are expected to land at $2.6 million, up 5.5 per cent to $539 million.