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Oroton trebles profit after rigorous cost-control measures

Inside Retail

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.

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Analysis: a perfect retail storm is brewing

Inside Retail

Additionally, congestion at the Port of Shanghai, the largest port in the world, appears to be easing. The average waiting time across all vessel types, including tankers, bulkers and containers, at Shanghai has reduced to 28 hours, which is down considerably from its peak average waiting time of 66 hours during the lockdown in China.

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Premier Investments’ retail sales rise as brands recover from Covid-19 impact

Inside Retail

. “Peter Alexander, Smiggle and our apparel brands have all delivered record sales, through the commitment of our global teams and culture of excellence,” said John Bryce, interim CEO at Premier Retail. Meanwhile, Premier Investments’ statutory net profit after tax fell 4.9 Gross profit grew 5.4

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Best & Less reports ‘inconsistent’ trading, revises profit expectations

Inside Retail

BLG executive chair Jason Murray said consumer confidence has been at “historic lows” yet the business is “optimistic” for sales growth. “We Sales improved in the lead-up to Mother’s Day and have been consistent since, while BLG’s non-discretionary product lines are continuing to perform well.

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Mosaic Brands looks at raising capital following return to profitability

Inside Retail

Mosaic Brands has returned to earnings growth despite faltering sales, clocking in a net profit figure of $2.7 The post Mosaic Brands looks at raising capital following return to profitability appeared first on Inside Retail. million – 101 per cent up on last year – despite revenue falling 3.8

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Myer posts strong performance in half year results

Inside Retail

Department store Myer has recorded a strong performance in its half-year results, with net profit after tax hitting $32.3 Myer’s total group sales were up at 8.5 million – an increase of 55 per cent. . per cent to $1.51 billion, with comparable sales growth of 17.8 Group online sales grew 47.5 per cent to $424.1

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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 Smiggle was a particularly strong performer, with sales for the stationary and accessory brand up by 30 per cent growth.