Remove 2020 Remove Net Profit Remove Wholesale
article thumbnail

Eighteen months post-merger, Lotus’s growth is stagnating. Here’s why

Inside Retail

It operates 163 units with an average size of just over 5,200 square metres, but 80 of them are much bigger than that: cavernous warehouses where retail buyers and end consumers load up oversized shopping carts with bulk items at wholesale prices. Net profit was up by 8.9 Same-store sales growth was almost flat-lining at 0.5

article thumbnail

How Chinese toy giant Pop Mart thinks local, dominates global

Inside Retail

But we tested the market with a local wholesaler and via e-commerce and we realised it had a lot of potential.”. 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
article thumbnail

Higher average spend, overseas growth boost Retail Food Group’s first half

Inside Retail

But despite the challenges, the company increased its net profit after tax by 31.4 million of the December 2020 half. It also roasts and wholesales coffee under the Di Bella Coffee brand. per cent over the previous comparable period to $5.1 million in government JobKeeper support received the prior year.