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Nick Scali forecasts bumper year ahead as third quarter delivers

Inside Retail

Due to this ongoing positive momentum, Nick Scali is forecasting its full-year EBITDA to hit $120 million and resulting net profit to fall in the range of $78 to $80 million – a 90 per cent increase on the year prior.

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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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Analysis: Why Premier Investments is bullish about the future

Inside Retail

The impact of Covid-19 restrictions nationally was not as serious as in the early months of calendar 2020 and sales were bolstered by Black Friday, Click Frenzy and Cyber Monday leading into Christmas. per cent boost to net earnings for the six months to December 2020, amid praise and scorn. million net profit from $784.6

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How dated stores could hurt Thai retail giant Big C’s sales rebound

Inside Retail

It is holding back growth at a time when sales should be rebounding strongly from the low bar set in 2020-21. This was accompanied by a gross profit margin increase from 15.1 per cent and a net profit margin after tax of 3.4 per cent over the corresponding period of 2021. per cent to 16.5 per cent, compared with 2.0

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Analysis: Decision time looms at DJs and Myer boardrooms

Inside Retail

The Covid-19 overlay on 2020 with Jobkeeper, rent concessions, and online purchasing has made it difficult to precisely assess both chains’ trading performance, but the signs are hardly inspiring. Myer’s net profit of $42.9 In Australia, there is a view that neither has a viable future.

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How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

But within a few weeks, the local non-Asian population was accounting for four out of every five sales. Pop Mart commenced its global foray only in 2019 and its first permanent overseas store opened in South Korea in September 2020. In 2020, Pop Mart sold more than 50 million toys. Its revenue rose 49.3 million.

Marketing 130
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Swipe fee costs average household more than $1,100

Mass Relators

Swipe fees amounted to $897 for the average household in 2021 and $724 in 2020. billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. By contrast, net profit for general retail averages only 3 percent. Last year’s total included $100.8 That was up from $93.2