Inside Retail

NOVEMBER 23, 2023

Luxury fashion retailer Oroton Group says its profit more than tripled on the back of higher sales and stricter cost and inventory management in FY23. The company booked a net profit of $8.2 million in the 12 months ended July 30, up 3.5 times from last year.

Net Profit 264

Net Profit Inventory Management Accessories Apparel 264

Inside Retail

MARCH 27, 2023

Group chairman Solomon Lew has commended Premier Investment’s strong half year results, attributing standout performances to careful management and execution. Smiggle was a particularly strong performer, with sales for the stationary and accessory brand up by 30 per cent growth. per cent compared to the first half of FY2022, to $174.3

Department Stores 246

Department Stores Net Profit Returns Accessories 246

Inside Retail

JUNE 19, 2023

per cent, while turnover at physical stores was down by 12.5 To “right-size” the business’ cost base, other expense management initiatives have been implemented however the full benefit of these actions and lower product and shipping costs will not be seen until later this calendar year, it said. million and $4.2

Net Profit 130

Net Profit Apparel Shipping Management 130

Inside Retail

JANUARY 24, 2023

.” He said the business will continue to invest in its best-pricing strategy while effectively managing its inventory and cost levels. If optimal trading conditions persist, the company expects to deliver a second-half pro forma net profit after tax of between $18 million and $20 million.

Net Profit 130

Net Profit Planning Management Consumer 130

Inside Retail

FEBRUARY 22, 2022

million and net profit after tax of $16.9 Gross margin percentage improved as the average selling price increased at the same time as the cost of goods sold reduced. . A continued focus on inventory efficiency and strong management of supply-chain costs influenced the business.

Net Profit 130

Net Profit Management ATS Accessories 130

Inside Retail

MARCH 28, 2022

Trans-Tasman fashion retailer Hallenstein Glasson has reported a 40-per-cent reduction in half-year profit, citing Covid disruptions. million, with net profit at $11.91 Group sales fell 6.5 per cent to $170.63 million compared with the previous corresponding period. per cent of total group sales.

Net Profit 130

Net Profit Fashion Management ATS 130

Inside Retail

MARCH 27, 2022

In the 26-week period ending 29 January, Premier lost 42,675 trading days to government-enforced lockdown measures aimed at controlling the spread of the Delta and Omicron variants of Covid-19, resulting in a 16 per cent drop in net profit to $163.6 We’re not looking at motorcar accessories, for example.

Net Profit 130

Net Profit Accessories Apparel Fashion 130