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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. In 2022, SHEIN opened three new distribution centers, in Poland, Italy and the United Arab Emirates, bringing the total number of SHEIN “nearshoring bases” in EMEA to eight.

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How HomePro aims to grow in Thailand’s fragmented DIY market 

Inside Retail

Thailand’s HomePro is strengthening its market leadership in the country’s DIY/home improvement industry in the first half of 2023. According to Statista Market Insights, the DIY and Hardware market was worth US$14.21 billion) in 2022, and this figure probably understates the true size of the pie. Net profit came in at 1.6

Marketing 130
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Lego profits shaken by the most challenging toy market in 15 years

Retail Gazette

Lego profits were hit by the most difficult toy market in over 15 years, as it warned its business would remain under pressure in 2024. The Danish toy retailer saw net profit drop 5% to £1.50bn in 2023, while it pulled in annual sales of £7.55bn, marking a 2% rise from 2022.

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Analysis: a perfect retail storm is brewing

Inside Retail

Inflationary pressure on consumer discretionary spending, supply chain disruptions and elevated inventory levels, which tie up a retailers’ net working capital, are set to create the perfect storm for retailers that do not have a strategy in place to ensure they are well positioned for the choppy market conditions ahead.

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Coles pockets $1 billion profit as Smarter Selling pays off

Inside Retail

At its full year results announcement on Wednesday morning, Coles revealed that net profit broke the one-billion-dollar mark, rising 2.8 Coles overall produced reasonably strong results, attaining just over $1 billion in net profit for the first time,” Mortimer told Inside Retail. “Of Brighter outlook for 2022.

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Vinted posts first profit as CEO points to ‘huge potential’

Retail Gazette

Vinted, the online marketplace for secondhand fashion, has made a profit for the first time following a “strong” year of growth. The Lithuanian business made a net profit of €18m last year versus a loss of €20m in 2022. Sales surged 61% year on year to reach €596.3m.

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Swipe fee costs average household more than $1,100

Mass Relators

“It’s time for the card industry to stop gouging American consumers and small businesses and compete to offer market-based, competitive fees. Congress needs to pass the Credit Card Competition Act to fix the broken credit card market.” billion in 2022 and marked the first time the figure topped the $100 billion mark.