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

Inside Retail

Net profit rose 18.2 Statutory net profit rose 23.3 million, including the closure costs of the Altona and Richlands distribution centres and the Brisbane store. Operating gross profit margin declined to 36.4 per cent to $71.1 million for the 12 months to July 29, the highest since 2015.

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Reports: JD.com to Spin Off Grocery Unit Centered on 7Fresh Supermarket Chain

Retail TouchPoints

million USD ) in net profits during the next two decades. Earlier in June, JD.com revealed long-term plans to establish three enterprises with more than RMB 1 trillion in revenue ( $1.4 billion USD ) and RMB 70 million ( $9.8

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Myer sales surge in a buoyant post-Covid era

Inside Retail

Comparisons of the latest trading half against a year earlier are of little relevance given the impact of enforced store closures during much of the first quarter.

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Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

Sales across the group’s network of businesses, which now include Hype, Platypus, Subtype, Athlete’s Foot, The Trybe, Crèmm, and Pivot, as well as relative newcomers 4Workers , Stylerunner , Next Athleisure and Glue Store , hit $1.14 per cent to $242 million, leading net profit to hit $76.9 billion – a 19.9 million, up 38.6

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

Inside Retail

Natira Boonsri named as CEO of Central & Robinson Department Stores By Tong Van Central Retail Corporation (CRC) has appointed the Chirathivat family’s heir Natira Boonsri as CEO of Central & Robinson Department Stores. billion in revenue last year with a net profit of US$216.6 CRC generated US$6.7

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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% It also established a pharmacy and consumer wellness segment, which includes its retail and long-term care pharmacy operations, related pharmacy services, and front-store operations. billion, or $1.65 a share, compared with $2.36

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

Retail TouchPoints

Profits at Barbie and Hot Wheels firm Mattel were $126.6 LEGO also reported a strong year with net profit up almost 20% to DKK 9.9 million for its FY 2020, compared to a loss of more than $200 million the previous year. It credited strategic investments, such as those that went into developing an omnichannel retail ecosystem.