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

Inside Retail

Premier Investments posted net profit after tax of $177.2 Management cited a challenging discretionary retail environment, with customers exposed to increased cost of living pressures in all global markets. million for the first half of FY24, while EBIT reached $209.8 million, exceeding previous guidance.

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Mosaic Brands names Erica Berchtold as new CEO

Inside Retail

The incoming CEO expressed optimism about the company, noting the growing fashion market and demand for affordability. Profit lifts on lower sales During the fiscal first half, Mosaic Brands’ net profit surged 121 per cent to $5.4 “Low price is also not the antithesis of style. per cent to $234.1

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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 growth in sales with net profit increasing 16.4 per cent with net profit down 64.7 per cent with net profit down 64.7

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Lovisa reports strong revenue growth with accelerating global expansion

Inside Retail

Jewellery brand Lovisa saw a strong uplift in revenue for the fiscal first half along with new store openings and market entries. The Australian-headquartered retailer opened 74 new stores and ended the half with a network of 854 across more than 40 markets. per cent, while net profit after tax rose 12 per cent to $53.5

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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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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.

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Daiso, Muji, Moshi Moshi? Why this Japanese-inspired chain is taking off

Inside Retail

Even the name Moshi Moshi is a Japanese phrase – it’s an informal way of saying “hello” when answering a phone call from a family member or friend – and given the love of Thai people for Japanese culture and products, that isn’t such a bad marketing tool. Some stores also sell pet accessories. Gross margin percentage was healthy 52.9