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How Mosaic Brands’ rapid expansion led to its devastating collapse

Inside Retail

Noni B appeared to fare better under Alceon and Scott Evans who was appointed as CEO following the on-market takeover, but its financial results were flattered by the 2017 acquisition of the Pretty Girl Group and the 2018 purchase of five retail chains from Specialty Fashion Group. million and net earnings to a modest $3.3

Fashion 147
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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. Statutory net profit after tax rose to $46.4 Online is now a $500-million-plus business. Myer reported $539.5 per cent to $2.7

Planning 130
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New board member and DJs update: Here are the key takeaways from Myer’s AGM

Inside Retail

I’m [coming in] because I want to listen to the team, and add my value to that plan going forward,” he said. “I million, while its net profit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 He added that King and the team have brought Myer back to life.

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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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Women Entrepreneurs in Texas Can Apply for $5,000 Grants Later This Month

Small Biz Trends

Bergen County, New Jersey is opening a new small business grant program with its allocation of American Rescue Plan Act funds. The program initially launched back in 2018 to help local companies improve productivity, expand, and grow their operations. Applications open September 22 and will be accepted until October 22.

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How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

When we first started the international business in 2018, I had some doubts,” vice president of Pop Mart and president of Pop Mart International, Justin Moon, told Inside Retail during a video call from his offices in Beijing. “We Typically, these collections are planned a year in advance of launch and take 10 months to develop.

Marketing 130
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The end of US de minimis to shake up e-commerce industry 

Inside Retail

Shein’s planned IPO listing on the London Stock Exchange, expected in the first half of this year, will probably be delayed, Financial Times reported. A repeat of 2018? The immediate impacts are already becoming apparent, with several companies facing operational challenges and strategic uncertainties.