article thumbnail

How Mosaic Brands’ rapid expansion led to its devastating collapse

Inside Retail

In the 2016 financial year, the first under Alceon ownership, Noni B posted a modest $2.2 million profit on sales of almost $111 million, with the profit certainly an improvement on the previous year. million and net earnings to a modest $3.3 million and net earnings to a modest $3.3 million and net profits to $17.3

Fashion 147
article thumbnail

“Frustrated”: Lovisa staff call out underpayment, poor workplace culture

Inside Retail

In FY22, Lovisa more than doubled its net profit to $58 million, up from $27.7 If Adero Law is able to prove that Lovisa’s alleged actions are true, the business could face an opt-out class action covering staff that worked for the jewellery chain from 2016 onwards – potentially thousands of staff members. million a year prior.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Trillions in revenue and a million jobs: Unpacking JD.com’s 20-year roadmap

Inside Retail

In 2016, JD.com formed a strategic alliance with Walmart, taking control of the latter’s online grocery business, Yihaodian, and giving Walmart a 5 per cent stake in JD. JD.com CEO Sandy Xu The vision Dubbed 35711 Vision, the roadmap outlines how JD.com can continue to grow and have societal impact over the next two decades.

article thumbnail

10 Online Businesses for Sale in April

Small Biz Trends

Established in 2016 the company has a customer base of one-off owner/operators as well as large companies in construction, nationwide retailers, and restaurant franchises. The average NET profit margin is 15% and the gross profit margin is a solid 64%. E-Commerce & Woodworking Brand.

article thumbnail

From the Outback to Retail Shelves: Kakadu Kickers Shows KeHE Australia’s Best Kept Secret

Rangeme

To give back, GoWild Australia donates 10% of GoWild’s net profits to the Aboriginal communities he works with. According to the Urban Indian Health Institute, there were 5,712 cases of missing and murdered Indigenous women and girls reported in 2016, but only 116 of those cases were logged into a Department of Justice database.

article thumbnail

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

Retail TouchPoints

You can have a product with a 5:1 ROAS, but if that product has a negative net profit margin, who cares? Tradeswell allows you to make those [advertising] decisions down to that net profit margin level, on an ASIN basis. Marketplaces Have Leveled the Playing Field. You didn’t make any money.