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Solomon Lew plans to spin off Peter Alexander and Smiggle next year

Inside Retail

Retail billionaire Solomon Lew has announced plans to spin off two major brands Peter Alexander and Smiggle from his public company Premier Investments next year, as part of a global expansion strategy. Premier Investments posted net profit after tax of $177.2 million for the first half of FY24, while EBIT reached $209.8

Planning 264
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Solid Christmas trading failed to offset slow summer start for Best & Less

Inside Retail

.” 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.

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

Inside Retail

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 By quickly taking decisive action we have succeeded in managing the negative effects of the pandemic,” she said. “We Gross margin rose by 2.8