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Pandemic brought grocers higher sales and net profits

Retail Wire

FMI’s “The Food Retailing Industry Speaks 2021” report found that the average grocery retailer posted a 15.8 Net profit grew to an average of three percent, up from one percent in 2019. percent increase in same-store sales in 2020 but also found cost increases tied to the pandemic.

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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. per cent higher than July 2021, driven by a 3.8 per cent decline in net profit after tax.

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

Inside Retail

billion, while net profit plunged 64.8 However, facing increasingly fierce competition, Sa Sa began scaling back its Mainland operations in 2021. Sa Sa International’s share price dropped 1.82 per cent to close at HK$0.54 last Wednesday after announcing the store closures. per cent decline in turnover to HK$3.94

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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

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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 decreased valuation was attributed to the wider decline in tech company stock prices as well as rising geopolitical headwinds and increased competition.

Planning 275
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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 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. per cent to $8.9 per cent growth. Unsurprisingly, the business’ online sales also jumped 78.1

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

Inside Retail

Between 2021 and 2024, The Reject Shop’s expansion efforts proved significant. However, despite the increase in sales, net profits saw a 36 per cent decline to $4.7 This was followed by the launch of a lowest-price guarantee in October, positioning the company as a strategic contender in the discount retail market.

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