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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. Still, digital initiatives such as live commerce and BOPIS (buy online, pick up in store) gained traction, particularly during peak shopping seasons. per cent to close at HK$0.54

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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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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

The news comes as fellow Asia-based discount shopping app Temu picks up steam in the U.S., SHEIN generated $23 billion in revenue and net profits of $800 million in 2022, people close to the company told WSJ. where monthly active users of Temu surpassed SHEIN for the first time in April 2023, according to Sensor Tower.

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

Inside Retail

The Canadian convenience chain Dollaramas recent acquisition bid for The Reject Shop highlights a growing trend of international retailers assessing Australias discount market. Walker provided further insight into the strategic moves that positioned The Reject Shop for this acquisition. First thing is to look at Dollarama itself.

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New board member and DJs update: Here are the key takeaways from Myer’s AGM

Inside Retail

million, while its net profit rose by over 100 per cent compared to the last financial year, excluding JobKeeper support, to $60.2 Concerning Myer’s 2021 store closure in Knox , King said it was in discussions with the shopping centre for about four years. It achieved total sales growth in FY22 of 12.5

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

Inside Retail

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. Top of the list of tech giants was Amazon, which had a net profit of US$21.3 By the third quarter of 2021, the company was delivering $2.3 billion on 2019.