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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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How customer loyalty helped Myer bounce back

Inside Retail

After a rollercoaster six months of lockdowns, Christmas and Omicron, department store Myer yesterday delivered a strong half year result with net profit up 55 per cent and its first dividend payment since FY17. During the Christmas rush, Myer saw sales growth of 17 per cent ending Jan 1, compared to the same period of 2020.

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Analysis: As technology marches on, Asia’s retail property huffs and puffs

Inside Retail

In the last financial reporting year, covering calendar 2020, the world’s top 20 technology companies booked revenues of US$2.1 Where revenues went, profits followed. Those same 20 companies made a net profit of US$320.6 That’s an astonishing 19 per cent profit gain. This represented an increase of US$135.2

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Swipe fee costs average household more than $1,100

Mass Relators

household more than $1,100 last year, the Merchants Payments Coalition said. Swipe fees amounted to $897 for the average household in 2021 and $724 in 2020. By contrast, net profit for general retail averages only 3 percent. WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. That was up from $93.2