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Brett Blundy agrees to sell Accent stake to UK retail group Frasers

Inside Retail

per cent of Accent’s shares in November 2017 for $61 million and hit the 19 per cent mark in May 2022. However, net profit fell from $88.7 Blundy, a director of Accent, has sold all of his 14.7 per cent stake in the company, which was valued at about $160 million. He first bought 14.4 Last week, Accent reported sales of $1.61

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Analysis: a perfect retail storm is brewing

Inside Retail

Omnichannel retailers benefited from an increase in online sales with non-food online sales alone increasing by 29 per cent in the last 12 months ending June 2022. However, online channels usually have lower profitability margins compared with traditional brick and mortar stores. By March 2022, the savings rate had fallen back to 11.4

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Rituals targets UK expansion after hitting record €2bn sales

Retail Gazette

Rituals international footprint has expanded rapidly since entering Asia in 2022, with new stores in Hong Kong and Japan contributing to 46 locations across the continent in 2024. Alongside its retail expansion, the retailer has launched a “profit pledge,” committing 10% of its net profits to charitable causes.

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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.

Planning 275
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Why Premier Investments is “well-placed” to meet economic pressures

Inside Retail

The group – which owns and operates brands including Dotti, Peter Alexander, Just Jeans, Smiggle, Portmans and Jacqui E, and features over 1,100 stores across six countries – saw net profit after tax rise by 6.5 per cent on the first half of 2022 – is a common trend across the retail industry, due to the return to in-store shopping.

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Accent Group hit fourth year of record profit, chart overseas expansion

Inside Retail

per cent to $242 million, leading net profit to hit $76.9 Newly launched Pivot will hit 15 stores by the end of 2022, while The Trybe will launch additional stores in the first half of the new financial year. billion – a 19.9 per cent jump on a Covid-19 impacted FY20. million, up 38.6

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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