Remove 2021 Remove ATS Remove Net Profit
article thumbnail

Is Sa Sa’s store closure in China a tactical withdrawal or strategic surrender?

Inside Retail

per cent to close at HK$0.54 billion, while net profit plunged 64.8 However, facing increasingly fierce competition, Sa Sa began scaling back its Mainland operations in 2021. Meanwhile, more than 90 per cent of sales at Chicmax – the company behind Kans, One Leaf and Baby Elephant – now come from digital channels.

article thumbnail

Analysis: a perfect retail storm is brewing

Inside Retail

In response, many retailers pre-ordered inventory, which resulted in some retailers now carrying significantly large amounts of excess inventory, which is already exacerbated by stores holding excess inventory following the 2021 lockdowns. Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Kogan profit falls 86 per cent on bloated inventory costs

Inside Retail

Kogan’s bloated inventory and logistics costs severely impacted its profitability in FY21, with net profit plummeting 86.8 per cent to $3.5 million (compared to $26.8 million the year prior). Without taking these impacts into consideration, adjusted NPAT rose 43.2 per cent to $42.9 per cent to approximately $1.18

article thumbnail

SHEIN Opens Dublin HQ, Plans 30 Pop-Up Events Across Increasingly Important EMEA Markets

Retail TouchPoints

SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. The company has reportedly set a target to grow revenue by 40% this year, which will be propelled, at least in part, by an expansion of its EMEA business.

Planning 275
article thumbnail

JB Hi-Fi investing in work culture, sustainability following record year

Inside Retail

billion and net profit for the year hitting $506 million – a 67.4 The Good Guys also saw sales growth at 13.7 Net-zero goal by 2030. The business plans to have a further 15 stores utilising solar power generation by the end of 2021, with one already installed at its Chadstone Homemaker Centre store.

article thumbnail

Why Dollarama is just the latest global entrant in Australia’s discount market

Inside Retail

Chinese marketplace giant Temu has expanded its platform to Australian sellers, and Standard Products, a home and lifestyle store by Japanese parent company Daiso, made its debut at Westfield Parramatta in December last year. When you look at us by global standards, in terms of retail consumption, were three or four in the world globally.

Marketing 226
article thumbnail

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.