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How Mosaic Brands’ rapid expansion led to its devastating collapse

Inside Retail

Alceon acquired Noni B in 2014 at what it no doubt thought was a bargain price of 51 cents a share, valuing the retailer at $16.4 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 profits to $17.3

Fashion 147
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David Jones reaches profitability for the first time in years

Inside Retail

Department store David Jones has clawed its way back into the black, according to a report in The Australian , after posting its first net profit since 2018. Accounts lodged with ASIC by David Jones’ holding firm Osiris Holdings tell of a healthy net profit of $83.4 million for the same period a year prior.

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

Inside Retail

McCartney, who had the backing of Solomon Lew’s Premier Investments Fund, received 61 per cent support at Myer’s annual general meeting (AGM) on Thursday. McCartney is also a director at Premier Investments and its subsidiary The Just Group, which runs Just Jeans, Smiggle, Portman’s and Peter Alexander. per cent increase in sales.

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Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5 We ended the year strongly with sales back at the same level as before the pandemic and with profitability better than it has been for several years.”.

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How Myer plans to reach $1 billion in online sales

Inside Retail

Myer’s online sales have more than doubled since John King took over running the department store in 2018, and the CEO believes they can double again to reach $1 billion in the not-too-distant future. billion in FY21, its first year-on-year increase since FY16, when sales peaked at $3.3 Statutory net profit after tax rose to $46.4

Planning 130
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10 Online Businesses for Sale in April

Small Biz Trends

billion global air purifier market slated to grow at 8% through 2030. Established in 2018, this is an eCommerce business with a proven business model generating impressive revenue. This means an SBA-backed lender has looked at it and they will consider providing a business acquisition loan to a qualified Buyer. million in sales.

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How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

When Chinese collectables retailer Pop Mart launched a pop-up store at London Westfield in January of last year to test its concept in the UK, it expected the Asian diaspora to be its largest potential market demographic. The first physical UK store opened last January at Shaftesbury Avenue in central London. Its revenue rose 49.3

Marketing 130