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Super Retail Group’s sales increase amid new store openings

Inside Retail

The company’s sales grew 3 per cent from last year to $2 billion while statutory net profit after tax slightly declined by 1 per cent to $143 million. Meanwhile, Rebel’s sales fell minimally by 1 per cent, reflecting weaker consumer spending.

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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

“The huge shift to online in recent years also provides an enormous amount of data and information about those consumers’ shifting expectations and choices which will drive our strategy and direction,” said Berchtold. “Low price is also not the antithesis of style. million despite revenue decreasing 12.5 per cent to $234.1

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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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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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Solid Christmas trading failed to offset slow summer start for Best & Less

Inside Retail

Poor consumer demand and falling foot traffic dented Best & Less Group’s first-half profits. However, tax-paid profit for the half fell 31.8 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. per cent to $13.7

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Kathmandu Group rebounds in FY22 despite lockdown, supply chain impacts

Inside Retail

The group ended the year with a underlying net profit of $64 million – more than double what was achieved during FY20. After a difficult start to the year, outdoor group Kathmandu ended FY21 with relatively strong sales growth of 15.1 Once again, however, the Kathmandu brand suffered throughout the year. per cent. “Rip

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Inditex joins growing exodus of western brands from China

Inside Retail

While Inditex recorded growth across most of its geographic markets with revenue and net profit increasing 36 per cent and 80 per cent, respectively, in China – where 67 stores were affected by Covid-19 restrictions – the Spanish retailer experienced the reverse fortune.