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Double-digit fall in Hallenstein Glasson’s full-year profit

Inside Retail

NZX-listed fashion retailer Hallenstein Glasson has reported a 23 per cent drop in net profit for the year ended August 1 to AUD39,83 million despite sales growth in the second half. per cent against the prior year, accounting for 27.88 per cent growth in sales with net profit increasing 16.4 per cent to AUD547.05

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Online drives H&M profit recovery – but sales still lag pre-Covid era

Inside Retail

H&M grew its online business by 24 per cent last year to the point e-commerce now accounts for about one-third of its total sales. In what the Stockholm-headquartered multinational fast-fashion retailer described as a “strong recovery” H&M increased its net profit nearly seven-fold to US$1.5

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How dated stores could hurt Thai retail giant Big C’s sales rebound

Inside Retail

This was accompanied by a gross profit margin increase from 15.1 per cent and a net profit margin after tax of 3.4 Third quarter gross profit was particularly strong, coming in at 16.9 These stores are complemented by dozens of small kiosks and carts that sell every kind of personal accessory under the sun.

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Analysis: Why Premier Investments is bullish about the future

Inside Retail

The big chains have almost certainly gained market share from a legion of small retailers as a result of Covid-19 trading restrictions, like supermarkets and hardware stores, which have benefited from trading exemptions. per cent boost to net earnings for the six months to December 2020, amid praise and scorn. million in global sales.