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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 Hangzhou-based Proya Cosmetics has fully embraced a digital-first approach with online sales making up 93 per cent of its revenue in 2022 and rising further to 95 per cent in 2023. billion, accounting for roughly 76 per cent of the group’s revenue. Profit fell 45 per cent to HK$128.6

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Why Thailand’s rainy season is a double-edged sword for its DIY chains

Inside Retail

per cent over the first six months of 2022. The growth was partly assisted by the opening of eight net new stores since mid-2022, and five more are planned for the second half of this year. Net profit for the first half was up 6.6 Net profit was 1.6 billion baht (US$1.1 billion), an increase of 9.3

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

With overseas travel unlikely to regain momentum before 2022, retail would be expected to continue to benefit from consumer spending, but most major retailers are cautious in their forecasts of what lies ahead. million net profit from $784.6 Australian Bureau of Statistics tracking shows increases of 7.1 per cent for October,13.3

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Inside Shinsegae: The Korean department store with a golden boot

Inside Retail

percent in the first half of 2022. Luxe is forecast to account for up to 60% of Shinsegae’s department store sales by 2024, a 50% rise from in share from the level in 2021. enjoyed an increase in net profit of nearly 400 percent. Of the store-based retailers, department stores enjoyed the fastest growth: 18.4 percent.

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Mango profits double as sales hit record €3bn

Retail Gazette

Mango has seen its net profit more than double as it rose to €172m (£147m) for the year to 31 December 2023 compared to €81m (£69m) last year. Online turnover also soared to over €1bn for the first time as it accounted for 33% of the group’s total turnover. Click here to sign up to Retail Gazette‘s free daily email newsletter

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Swipe fee costs average household more than $1,100

Mass Relators

That works out to $1,102 for the average household, up from $1,024 in 2022, when swipe fees totaled $160.7 billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. billion in 2022 and marked the first time the figure topped the $100 billion mark.

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Top 4 Strategies to Maximize Your Sales During A Recession (2023)

Retalon

weeks in 2022 according to Statistica. Actually, the luxury category is quite resilient, growing more than 13% in 2022, compared with only about 6% growth for retail overall in the US. billion — a 9% increase from a year ago — while the retailer’s net profit grew by more than 6%. weeks in 2018 to an anticipated 5.8