Inside Retail
SEPTEMBER 19, 2023
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
Inside Retail
MARCH 27, 2023
The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 These figures came amid the important ‘ back to school’ trading period, as kids returned to in-person learning.
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Inside Retail
AUGUST 15, 2023
Meanwhile, its net profit fell by over 30 per cent to $8.3 This revenue growth is reportedly due to an increase in both first-time and returning customers. It recently appointed a chief marketing officer, and is seeing a 200 per cent return on its marketing investment. million in the year prior.
Inside Retail
DECEMBER 1, 2021
Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 Shopping centres must catch up. billion, an increase of US$50.7 billion on 2019.
Inside Retail
NOVEMBER 10, 2022
million, while its net profit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 Concerning Myer’s 2021 store closure in Knox , King said it was in discussions with the shopping centre for about four years. It achieved total sales growth in FY22 of 12.5
Inside Retail
SEPTEMBER 16, 2021
Having an NDC is incredibly important to ensure we can accommodate the growth of online, providing the service levels our customers expect from Myer whether they shop online or in-store,” he said. Statutory net profit after tax rose to $46.4 King called it “transformational” for the business. Myer lifted total sales 5.5
Inside Retail
AUGUST 29, 2021
billion, as store closures during sporadic Covid-19 lockdowns throughout the year forced customers to shop online. Net profit after tax was up more than 40 per cent to $2.4 Australian retail conglomerate Wesfarmers reported its full-year results on Friday , revealing a 10 per cent increase in revenue to $33.9 per cent to $2.18
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